Gold edges up from two-month trough; $4,275 level key, says Pepperstone
Gold rose as the dollar eased from an 18-month high, but a break above $4,275 is needed for a sustained recovery, analysts say.
Gold rose as the dollar eased from an 18-month high, but a break above $4,275 is needed for a sustained recovery, analysts say.
Chevron and Shell have shut in production at nine Gulf of Mexico facilities as Tropical Storm Isaias approaches.
Axios: Pentagon readies for possible Iran strikes; Trump has not made final decision.
A tanker was hit by multiple projectiles off Qatar with crew casualties, expanding Gulf shipping risks beyond the Strait of Hormuz.
Tropical Storm Isaias has formed in the Gulf and is forecast to make landfall near the Mississippi-Alabama border Friday night, while oil prices slipped.
Gold and silver saw $400 billion in paper value vanish in minutes as US bond yields hit 2002 highs. The loss is a revaluation, not a market outflow.
EIA reported crude inventories fell 3.186M barrels, far exceeding the expected 1.722M barrel build.
Crude oil rebounded after supply risks from Houthi attacks and a Gulf storm outweighed improving exports.
China's central bank bought 740,000 ounces of gold in September, its largest monthly purchase since 2023, as prices fell.
Gold consolidates near lows as traders await US-Iran talks and US CPI data. Key technical levels are 3,885 support and 4,700 resistance.
Russia plans to buy about 280 billion rubles of gold and foreign currency over the next month, five times September's allocation, due to high oil prices.
Shipowners are paying tanker crews huge hazard premiums to keep oil flowing through Hormuz, with captains earning about $100,000 monthly.
A private survey showed US crude stocks fell 2.09m barrels last week. Gasoline fell, distillates rose.
Crude oil rebounded from support after a series of incidents raised shipping concerns near the Strait of Hormuz. Technical levels suggest buyers face…
Crude oil falls 1.5% as sellers break below key levels, but the 50% midpoint near $86.83 holds.