Gold falls back after strong jobs data boosts rate hike bets; CPI in focus
Gold erased earlier gains after a strong US jobs report raised rate hike expectations, with traders now focused on the upcoming CPI data.
Gold erased earlier gains after a strong US jobs report raised rate hike expectations, with traders now focused on the upcoming CPI data.
China's gold reserves rose to 76.73 million ounces in August, marking the 22nd consecutive month of purchases.
US markets closed for Labor Day, leading to thinner liquidity and potential exaggerated price moves. Key inflation data due later this week.
Oil firmed after Hormuz attacks, gold slipped on strong jobs data, and Asian stocks were mixed as the Hang Seng fell while the Nikkei and Kospi gained.
Central banks in the Netherlands, France and Norway have moved gold or bonds out of US assets, raising concerns about Trump-era unpredictability.
CZ says bitcoin could overtake gold in the next bull run, with a price target near $697,000 if it matches investable gold's value.
Mohamed El-Erian discusses how a bond sell-off driven by buyer-base concerns, not just inflation, affects stocks, gold, currencies, and Fed politics.
Gold holds steady as strong jobs data keeps a September rate hike in play. Perth Mint sales slowed in August.
Iran warns of severe response; markets watch oil, gold and stocks over holiday.
Ripple CEO Brad Garlinghouse slammed the Dutch central bank's $11B gold move as archaic, noting crypto has grown from a billion-dollar experiment to a 2.7T…
Mexican billionaire Ricardo Salinas Pliego reiterated his Bitcoin price target of $1.86 million, based on gold's market capitalization.
The US jobs report beat expectations, the dollar initially jumped then fell back, and the yen showed signs of intervention.
Bitcoin and gold fell after US August payrolls nearly tripled forecasts, reviving rate hike bets and sparking over $200 million in liquidations.
Gold fluctuates near $4,475 as traders await US payrolls data after a volatile week driven by shifting Fed rate expectations.
Bitcoin’s correlation with gold hit a six-year high, per Bitwise, as debasement fears drive investors to both assets; bitcoin traded near $81,438.