News about gold

Motilal Oswal analyst Manav Modi says gold is seeing a range-bound bias, having fallen sharply from a September high of around Rs 163,000–165,000 and now consolidating near Rs 148,000. Immediate support is at Rs 147,500, then Rs 146,000–145,500, while resistance sits at Rs 148,800–149,000 and then Rs 150,000–150,500. Gold trades near $4,175 with a resilient tone, supported by ETF inflows of around 187 tonnes in August and September, Chinese demand, and central-bank buying estimated at 250–300 tonnes in Q3, though elevated real yields remain the main near-term headwind. Investors are watching the upcoming Fed meeting and PCE inflation data, as cautious comments from Fed Chair Kevin Warsh have cut expectations for an October hike below 20%.

On Monday, gold and silver prices edged higher in India's retail bullion market amid heightened US-Iran tensions, after Tehran said it had a “new operational plan” in case of renewed US attacks. The 24-karat gold price stood at ₹1,47,893 per 10 grams, and silver at ₹21,107 per 100 grams. MCX silver futures were about 0.44% higher at ₹2,11,072 per kilogram around 9:13 am. The report notes that gold is often viewed as a safe-haven asset during periods of geopolitical uncertainty.

On the afternoon of 19/10, domestic gold prices fell by 500 to 800 thousand VND per tael. SJC's 9999 gold rings fell 800,000 VND to 139.3–142.3 million VND per tael, PNJ fell 700,000 VND, DOJI held at 139.1–143.1 million VND, and Bảo Tín Minh Châu rose slightly. Gold bars at SJC, PNJ, DOJI and Bảo Tín Mạnh Hải fell 500,000 VND across the board to 140.1–143.1 million VND per tael, while Bảo Tín Minh Châu rose 100,000 VND on the buy side and fell 500,000 VND on the sell side. Internationally, gold traded around 4,160–4,180 USD per ounce as investors await US data and the Fed meeting on 27–28/10. From 16/10, gold purchases and sales of 5 million VND or more a day must be paid by non-cash means under Decree No. 390/2026/NĐ-CP.

McKinsey's Global Materials Perspective 2026 says mining industry EBITDA margins reached 27% in 2025 even though revenue grew only about 1%, with gold and copper driving most of the gain. Gold prices rose 45%, and gold overtook steel and thermal coal in the industry's profit pool for the first time. Industry EBITDA passed US$800 billion, and McKinsey estimates about US$4.2 trillion of investment may be needed by 2035. The article highlights Mexico, the world's largest silver producer, which sent US$11.58 billion of mining and metal exports to the United States in 2025.

Gold prices in Dubai edged higher on Monday as traders pared bets on a US Federal Reserve rate hike later this month, after remarks from Chair Kevin Warsh were read as favoring a pause. 24-karat gold traded at Dh504.25 per gram and 22-karat at Dh467, while 14-karat stayed below Dh300. Spot gold rose 0.42 per cent to $4,177.78 an ounce and silver gained 1.31 per cent to $57.56, while the chance of a quarter-point Fed hike fell below 20%. Gold has held above $4,000 an ounce since August and has seen gold-backed ETF inflows for 13 straight weeks, though it is still down roughly 20% since the US-Iran conflict began in late February.

Asian shares fell Monday as worries about AI's enormous funding needs weighed ahead of a busy earnings week, while the euro eased amid political unrest in France. Oil dropped after President Trump's decision to waive some Russia sanctions, though a final decision has not been made, which helped bonds and US stock futures; Brent fell 1.6% to $108.06 a barrel and US crude 0.7% to $100.70. The 10-year Treasury yield fell 3 basis points to 5.0645% after its largest weekly drop in over eight months. Japan's Nikkei dropped 2.0% and South Korea 1.6%, after heavy losses last week, while the PHLX Semiconductor Index shed 11.4%, its longest losing streak since 2008. Major earnings from Meta, Tesla, Lam Research and others are due this week, and five AI hyperscalers are expected to lift capital spending to about $1.2 trillion next year, according to Goldman Sachs; gold rose 0.4% to $4,181 an ounce.

At the midday update on 19/10, domestic gold prices fell across the board by 500–800 thousand VND per tael. Early on 19/10, gold bars at SJC, PNJ, DOJI and Bao Tin Manh Hai were quoted at 140.6–143.6 million VND per tael, while Bao Tin Minh Chau was at 138.6–143.6 million. From 16/10, gold businesses must use non-cash payment for buy and sell transactions of 5 million VND or more per day under Decree 390/2026/NĐ-CP. Internationally, gold traded around 4,160–4,180 USD per ounce as investors watched U.S. economic data and the Fed's rate outlook, and the market still leans toward the Fed holding rates at its October 27–28 meeting. S&P Global's preliminary October composite PMI is being watched as a signal of inflation pressure.

On the morning of 19 October, domestic gold prices were flat, with SJC gold bars quoted at 140.6 million dong to buy and 143.6 million dong to sell per tael at major dealers such as Sài Gòn and Doji. Phú Quý's SJC bars traded at 140–143.6 million dong and its gold rings at 140–143 million dong, while Bảo Tín Minh Châu's rings were at 138.7–142.7 million dong, up 100,000 dong from the previous session. International gold hovered around US$4,184 per ounce, equivalent to about 131.5 million dong per tael at the Vietcombank rate, leaving a gap of roughly 12 million dong with SJC bars. The State Bank's central rate stood at 25,633 dong per US dollar, down 4 dong.

Gold prices in Delhi were unchanged on October 19 from October 18, at ₹14,781 per gram for 24K, ₹13,550 for 22K and ₹11,089 for 18K, but still below their October 12 levels. On the MCX, December gold futures fell 2.4% over the past week to about 1.47 lakh per 10 grams, while silver dropped 6.4% to 2.11 lakh per kg. The per-gram price may differ from the final jewellery bill, which can include GST and making charges. Gold prices in Delhi are influenced by international bullion rates, currency exchange movements and local demand.

On the morning of October 19, SJC gold bars quoted by SJC in HCMC were at about 140.6 million VND per tael to buy and 143.6 million to sell, steadier after last week's swings around 145–146 million. Bao Tin Manh Hai's SJC bars fell 0.3 million VND per tael on both sides, while Phu Quy and DOJI posted slight gains or held flat. World gold traded at US$4,182.265 per ounce, up 0.40% from the previous session. Silver rebounded strongly, with global prices at US$57.65 per ounce.

Asian stock markets fell on Monday as worries over the cost and returns of AI investment outweighed stronger-than-expected Chinese data and lower oil prices. Japan's Nikkei dropped 1.2% after losing 5.4% last week, South Korean shares slipped 0.4% after a weekly decline of over 14%, and Taiwan fell 1.4%. China's third-quarter GDP grew 4.5%, slightly above expectations, while the yuan strengthened to 6.6828 per dollar. Brent crude fell 1.7% to $107.95 a barrel after Trump waived certain Russia sanctions, though Iran reported another tanker hitting a mine in the Strait of Hormuz. Gold gained 0.4% to $4,181 an ounce as falling bond yields boosted demand, while Goldman Sachs estimates five major AI hyperscalers could raise combined capital expenditure to about $1.2 trillion next year.

Gold rose on Monday as investors scaled back expectations of another Federal Reserve rate hike in October following remarks from Fed Chair Kevin Warsh. Spot gold climbed 0.2% to $4,173.59 per ounce, silver, platinum and palladium also gained, and traders cut the probability of a 25-basis-point hike below 20%. Gold has held above $4,000 since August but remains about 20% below its level before the U.S.-Iran conflict began in February. ANZ sees fiscal concerns, Chinese demand and central bank diversification supporting gold over the longer term, while elevated yields and dollar strength limit near-term upside, and it forecasts bullion could exceed $5,000 per ounce in 2027.

Spot gold rose 0.2% to $4,173.59 an ounce on Monday after Fed Chair Kevin Warsh’s remarks were read as supporting a hold at next week’s meeting. Traders cut the implied chance of a rate hike to below 20%, reversing the revived hike bets that followed a stronger-than-expected U.S. inflation reading. Gold has stayed above $4,000 an ounce since August, but it is down about a fifth since the U.S.-Iran conflict erupted in late February. ANZ sees gold’s upside capped in the short term, though it expects prices to top $5,000 an ounce in 2027, supported by Chinese investors and central-bank diversification.

Domestic gold bar and ring prices fell 500–800 thousand VND per tael across SJC, PNJ, DOJI, Bảo Tín Minh Châu and Bảo Tín Mạnh Hải in the midday update on October 19. Early that morning, gold bars at SJC, PNJ, DOJI and Bảo Tín Mạnh Hải were quoted at 140.6–143.6 million VND per tael, while Bảo Tín Minh Châu quoted 138.6–143.6 million. From October 16, gold purchases and sales of 5 million VND or more in a day must be paid by non-cash means under Decree 390/2026/NĐ-CP. Internationally, gold traded around 4,160–4,180 USD per ounce as investors watched US economic data and the Fed's rate outlook ahead of its October 27–28 meeting. The market still leans toward the Fed holding rates steady, but persistent inflation keeps expectations of a rate hike before year-end elevated.

The Dutch central bank (DNB) moved more than 78 tons of gold from New York and seven tons from Canada to London, citing rising geopolitical unrest and the need to improve crisis preparedness. This is part of a wider trend: the New York Fed, which custodies gold for the U.S. government and foreign institutions, now holds about half its early-1970s peak, and France removed all its gold from New York between July 2025 and January 2026. Earlier moves included Germany's transfers of 930 tons in 2000 and 674 tons in 2013–2017, Venezuela's 160 tons in 2011–2012, and India's accelerated relocations since 2023. According to World Gold Council analyst Krishan Gopaul, central banks now weigh custody risk, physical accessibility and market liquidity, and recent moves show the answer does not necessarily lie in domestic storage alone.

From October 16, gold purchases and sales of 5 million VND or more in a day must be paid by non-cash means, down from the previous 20 million VND threshold. Ten companies go ex-dividend in the week of October 19–23, with Vimico standing out for an advance dividend of about 900 billion VND. Brent crude spiked to 110 USD per barrel during the October 16 session amid escalating tensions in the Middle East. Deputy Prime Minister Nguyễn Văn Thắng asked banks to cut lending rates by 1.5–2%, while residents' deposits at banks reached over 11.43 million billion VND by end-August, up 10.6% from the start of the year.

The article highlights three Australian penny stocks that have risen over the past year, against a backdrop of accelerating US inflation and tech share volatility. Alkane Resources (market cap A$2.4b) is a multi-mine gold producer with copper exposure from its Boda project, generating about A$935.8 million in revenue from the Tomingley, Bjorkdal and Costerfield mines. Ventia Services Group (market cap A$4.7b) runs long-term infrastructure services in Australia and New Zealand, with a record A$20.6 billion work in hand (up 19.4%) and a 95% contract renewal rate. SRG Global (market cap A$2.2b) generates about A$1.15 billion from maintenance and industrial services, and says roughly 80% of its earnings are annuity-style. The article flags risks including Alkane's greater complexity and the Boda-Kaiser capex project, and the rest is largely promotion for a fuller screener.

According to a Motilal Oswal Financial Services report, gold prices have risen nearly 10% so far in 2026, though prices swung sharply through the first quarter. Geopolitical tensions, slowing growth and uncertainty over US interest rates support gold's safe-haven appeal, while a stronger dollar and elevated bond yields have caused intermittent pressure. In India, high prices have subdued price-sensitive jewellery demand and pushed domestic prices to a discount, while China has seen stronger investment-led buying and Indian investors are gradually shifting toward ETFs. Citing World Gold Council data, central banks bought around 860-870 tonnes in 2025, a slower pace than in previous years, and global ETF demand has recovered. The report expects gold to trade within a broad range in the near term, with a constructive medium- to long-term outlook and a 'buy on dips' stance for investors with medium- to long-term horizons.

Robertson Stephens Wealth Management LLC reduced its SPDR Gold Shares (GLD) stake by 2.8% in the third quarter, selling 2,553 shares and holding 89,846 shares worth about $34,217,000, or roughly 0.8% of its portfolio. GLD opened at $382.01 on Friday as gold recovered from a selloff on falling Treasury yields and a softer dollar, though hot U.S. inflation data (September CPI at 3.7% and PPI rising 6.3%) kept December Fed tightening expectations alive. Gold has held a roughly $4,000 demand zone, but it faces resistance at $4,200–$4,226. The article also notes that China's central bank added 23 tonnes to its reserves, which may support prices over the longer term.