Gold Headlines

Fed's Rosengren says now is the time to take strong fiscal actions

Gold’s Wild Ride Continues With Prices Rebounding After Rout (Bloomberg)

After surging about 30% this year, gold’s rally came to a sudden halt Tuesday as U.S. bond yields rose, cutting into the negative real rates that had supported the metal. A measure of gold volatility over the past month jumped to the highest since April. U.S. equities followed European stocks higher on Wednesday, with the S&P 500 edging toward a record, helping limit gains for bullion. Gold is still one of the best-performing commodities of 2020 after the coronavirus outbreak pummeled…

Gold retreats, poised for first back-to-back loss in about a month

Gold prices dive amid vaccine hopes and rising Treasury yields

Gold’s evolution into a ‘must-have’ asset is storing up trouble (FT)

Until recently, the rapid rise in the price of gold had more to do with opportunistic financial trading than any larger structural investment theme, let alone a drop in physical supply or an increase in industrial use. Now, the metal is seen to offer something for everyone. That is yet another unintended result in a lengthening list of the exceptional involvement of central banks in the functioning of markets. Their expanded interventions to counteract the effects of the pandemic have…

Chinese stocks tumble as investors monitor coronavirus developments; gold prices plunge

UK enters recession after GDP plunged by a record 20.4% in the second quarter

Gold Collapses Below $1,900 as Rout Extends Into the Second Day

Gold slumps below $1,900 as U.S. dollar, yields rise (Reuters)

* Dollar up for fourth straight session * Gold down nearly $140 from Friday's close "A lot hinges on U.S. yields and the factors driving them at the moment. Also, dollar's strength will be something very important to watch over the next few days and weeks." A jump in U.S. Treasury yields helped the dollar extend its winning streak, making gold more expensive for those holding other currencies. Higher yields also increase the opportunity cost of holding non…

Trump says 'great' bond with China's Xi changed after COVID-19