Read more
7:34 PM · 7 October 2024

Gold prices hesitate around $2650

OIL
Commodities
-
-
GOLD
Commodities
-
-

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.

 

 

7 November 2025, 6:49 PM

Daily summary - Government stays shut, Market declines, crypto recovers

6 November 2025, 7:17 PM

Daily summary: Optimism on Wall Street eases again🗽US Dollar drops from recent highs

6 November 2025, 6:48 PM

Coffee futures drop as huge Brazilian shipping to Europe eases supply concerns

6 November 2025, 6:36 PM

Cocoa falls 3% amid improving crops in West Africa

Join over 2 000 000 XTB Group Clients from around the world

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