loading
loading
Fundamentals Spot gold rose 0.4% at $4,127.40 per ounce by 0101 GMT. On Wednesday, prices touched their lowest level since August 5 as a firmer dollar and higher US Treasury yields weighed on the market. US gold futures for December delivery gained 0.3% at $4,150.60. Fed policymakers were divided last month over the rationale for raising interest rates, with "some participants" seeing a hike as needed to keep the impact of energy and other price shocks at bay, but a more hawkish core viewing it as necessary to guard against emerging demand-driven inflation, minutes showed. Traders see only an 18% chance of a rate hike later this month, but continue to price in an 80% likelihood of a December increase, according to CME's FedWatch tool. Higher rates diminish the appeal of non-yielding gold. The global economy is under threat from persistently high energy prices, record public debt and risks from the AI investment boom, International Monetary Fund Managing Director Kristalina Georgieva warned, urging governments to implement protective fiscal and monetary policy measures. On the geopolitical front, three people have been killed in attacks on Saudi airports, the country's civil aviation authorities said on Wednesday, as fighting intensified in Yemen between the Iran-aligned Houthis and Saudi-backed government forces. Elsewhere, gold miner Perseus Mining sees strong merger and acquisition activity across the sector but expects dealmaking to remain difficult as companies struggle to agree on valuations amid volatile bullion prices, its chief executive said. Among other metals, spot silver rose 0.4% to $60.39, platinum added 1.4% to $1,653.88 and palladium climbed 1.4% to $1,141.00. Data/Events (Gmt) 0900 Germany Overall Comprehensive Risk Q4 0900 France Overall Comprehensive Risk Q4 0900 UK Overall Comprehensive Risk Q4 1230 US Initial Jobless Clm 3 Oct, w/e (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-08 02:57