Gold prices seem to be a bit stuck following a very impressive rally to the all-time highs. On one hand we can see oil prices surging on the geopolitical risks. That should be positive for the Gold prices as well. However, we are also looking at the stronger dollar and declining bond prices – both in the aftermath of the surprisingly strong September NFP report. In fact, rising oil prices may further dent expectations for interest rate cuts in the US and… exert more pressure on Gold prices. So Gold seems to be in a bit of a tricky spot. For sure the metal would benefit from weaker US data. Nevertheless, the longer term rally remains valid, at least for now.
Daily Summary- Return of the Sell-off on Wall Street⬇️
🟡⬇️Gold at its lowest since March
🛢️WTI Crude Below 90 USD Tests the 100-Session Average
Economic Calendar: Awaiting US Inflation (09.06.2026)