Gold market news covering gold prices, bullion trading, gold ETFs, precious metals investing, and gold market analysis.
The article advises investors to adjust gold allocation based on age, suggesting small holdings for diversification when young and higher percentages near retirement. It highlights gold's role in hedging against inflation and market volatility while noting that individual financial goals should dictate specific portfolio weights.
Spot gold fell 1.02% to US$4,045 an ounce on Friday as the US dollar index rose 0.72% and Treasury yields increased, pressuring non-yielding assets. A strong jobs report with 165,000 new October jobs bolstered the dollar, while silver funds slipped slightly.
China's central bank purchased 25.8 metric tons of gold in October, extending its buying streak to 24 consecutive months. This accumulation occurred despite a nearly 7% drop in gold prices that pushed the metal below the $4,000-an-ounce support threshold.
Seeking Alpha previews Equinox Gold’s Q3 2026 earnings, noting consensus estimates of $0.18 EPS and $1.03 billion revenue. The piece outlines expected results ahead of the November 9 announcement, referencing historical performance trends over the last two years to contextualize investor expectations for the mining company.
The article contends that geopolitical instability and U.S. fiscal deficits have driven investor demand for precious metals and resources, benefiting award-winning commodity funds. Portfolio managers argue that concerns over the U.S. dollar's reserve status and global reindustrialization provide tailwinds for gold and silver investments despite recent price volatility.
Goldman Sachs rates Newmont and Northern Star as Buy, citing attractive valuations and cost performance despite recent gold price volatility. The analysis highlights Newmont's earnings beat and Northern Star's growth prospects from the De Grey Mining acquisition as key drivers for these Australian gold stocks.
The Indian Express reports that gold prices in India are holding steady near record highs on Dhanteras, driven by a marginal upward trend since November 1. The commentary suggests that while US midterm election results eased some uncertainty, investors remain cautious regarding potential policy shifts on the Iran conflict and their impact on oil prices and inflation.
The article highlights Chalice Mining's significant gold and copper discovery at the Kestrel prospect in Australia's Northern Territory. It details how the company overcame heritage clearance delays to conduct initial drilling, revealing broad zones of mineralisation that open a new exploration frontier in a mature mining district.