8:34 PM · 7 October 2024

Gold prices hesitate around $2650

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.

 

 

17 August 2026, 6:56 PM

Daily Summary: The dollar in retreat, even as tensions in the Middle East escalate 🚨

17 August 2026, 2:30 PM

Cocoa gains 1% and tests the $6,000 area 🔼 How are funds positioned?

17 August 2026, 10:17 AM

Gold gains and returns to $4,400 🗽 Are precious metals betting on a dovish Fed?

17 August 2026, 9:33 AM

🟠Is there a shortage of physical copper?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits