Gold prices are gaining more than 0.7% today and even though the scale of the move does not seem particularly impressive, it is surely worth to watch. Markets are generally in a risk-off mood today as US stock indices plunged. The uncertainty is also reflected by plummeting US bond yields. US 10-year Treasury yield fell towards 1.25%. On the other hand, the ongoing rebound on EURUSD may be associated with the ECB’s strategy review.
GOLD continues to rebound, even though the price fell below $1,800 an ounce for a while today. The rally is supported by tumbling US bond yields (rising TNOTE price). Source: xStation5
๐ฉ Cocoa futures down 3.5% as ICE inventories rise to 2-year high
๐ข๏ธBrent Crude Nearing $100
Chart of the Day: Wheat rebounds 3% after pulling back from multi-year highs ๐
Morning wrap: Oil Nears $100 per Barrel ๐ฉ USDJPY Tumbles Again (08.09.2026)