China gold reserves 74.09 mln fine troy oz at end-Oct vs 74.06 mln troy oz at end-Sept - Central bank

Physical gold demand in India remained subdued this week as volatile prices deterred buyers from making purchases and prompted dealers to offer steep discounts to lure them, while demand cooled in China on changing tax regulations. Indian dealers were offering a discount of up to $14 per ounce over official domestic prices, inclusive of 6% import and 3% ...

A revaluation of the AI sector could raise volatility and trigger another round of deleveraging – impacting gold and other commodities – but any price distortions will be short-lived and won’t impact gold’s strong fundamentals, according to Ole Hansen, head of commodity strategy at Saxo Bank. “Over recent weeks, the technology sector—especially AI‑linked ...

Cleveland Fed president Beth Hammack doubled down Thursday on her concerns about inflation, saying that it’s not obvious the central bank should cut rates further. “I remain concerned about high inflation and believe policy should be leaning against it,” Hammack said at the Economic Club of New York. “After last week’s meeting, I see monetary policy as ...