Gold Headlines

Shares grind out records, dollar gaining ground

Fed's Daly urges more government spending to boost economy

Firmer dollar, equities push gold to near 1-week low

“Gold is turning its eye more strongly to the USD relationship and the rally of the dollar has clearly taken a little bit of the shine away from gold,” said independent analyst Ross Norman. The dollar index rose for a third straight session against its rivals, making gold expensive for holders of other currencies. Meanwhile, European shares hit an over one-month high. https://www.reuters.com/article/global-precious/precious-firmer-dollar-equities-push-gold-to-near-1-week-low…

France unleashes 100 billion euro stimulus to revive economy

Fed’s inflation shift is another blow to ‘safe’ assets (ft)

Budget deficit to hit record $3.3 trillion

Barrick takes Porgera dispute to PNG Supreme Court

Private payrolls grow by 428,000 but miss expectations, ADP report says

Gold eases as recovery hopes gain traction

“However, besides other strong fundamentals like weak economy and lower interest rates, Australian and U.S. mints reporting very high demand for gold coins will take gold above $2,000 in the long run.” The dollar index <.DXY > rebounded from a two-year low after data revealed that manufacturing activity in the U.S. increased more than expected in August, which followed similar positive indicators this week from China and Europe. A stronger greenback makes gold expensive for…

Nigeria says can tap mineral wealth despite COVID, unrest