Furthermore, we also have to keep in mind that there are several central banks in play and could be raising rates. We’ll just have to wait and see. There is a pushback on the side of the safety bid. There is some of that, and that does help gold.
Longer Term, I Am Bullish on Gold Longer term, I am bullish on gold, but I also recognize that right now we have the European Central Bank decision on Thursday, PPI on Thursday, CPI on Friday coming out of the United States, and the Federal Reserve on Wednesday of next week, with the Bank of Japan on Thursday.
So there’s a lot going on that could move the gold markets, and it does not surprise me that perhaps we may take a moment here and simply grind away. I look at this as a market that has a reasonably well-defined range between $4,500 on the top and $4,600 as your outer barrier, with $4,400 as your floor.
You can see that we have broken above $4,500 for a moment, but I think that’s a resistance zone at this point. Markets get a little ahead of themselves. People start to take profit with so much uncertainty. There is certainly an underlying bid to the gold market, but momentum is still hard to find.
, /PRNewswire/ -- A2Gold Corp. ("A2Gold" or the "Company") (TSXV: AUAU) (OTCQX: AUXXF) (FRA: RR7) is pleased to announce the completion of its 2026 drill program at the Taylor Gold-Silver Project ("Taylor" or the "Project") in White Pine County, Nevada. The Company completed 15 reverse-circulation ("RC") drill holes totaling approximately 4,400 metres.
Figure 1: Taylor District Claim Map and Mineralization Zones With drilling now completed at Taylor, the drill rig is being mobilized to the Company's flagship Eastside Project near Tonopah, Nevada, where the Company expects to commence an approximately 3,700-metre RC drill program at Target Pente.
Taylor Drill Program Completed
The recently completed program represents A2Gold's first drill campaign at Taylor since acquiring the Project earlier this year. The program was designed to test priority targets identified through the integration of historical drilling, geological information and geophysical data (Figure 1).
A total of 15 RC holes were completed for approximately 4,400 metres. Samples from the drill program have been submitted for laboratory analysis, with assay results pending. The Company expects to report results as they are received, reviewed and interpreted.
In addition to testing the primary drill targets, the program will provide A2Gold with important new geological information to further refine its understanding of the broader mineralized system at Taylor and assist in planning future exploration programs.
Drilling to Commence at Target Pente (Eastside Project)
Following completion of the Taylor program, the drill rig is now being mobilized to A2Gold's flagship Eastside Project, where drilling at Target Pente is expected to commence shortly.
The planned program will consist of approximately 3,700 metres of RC drilling and represents the next phase of A2Gold's 2026 exploration program at Eastside.
Target Pente is one of several high-priority exploration targets identified across the Company's extensive Eastside land package. The program is designed to test the potential for higher-grade epithermal feeder faults and veins, consistent with A2Gold's strategy of targeting higher-grade mineralization within the broader Eastside district rather than simply expanding the known bulk-tonnage mineralized system.
The Company believes that Eastside's large alteration footprint, multiple known centers of mineralization and extensive areas that remain underexplored provide significant opportunities for additional discoveries.
Peter Gianulis, CEO of A2Gold, commented: "The completion of approximately 4,400 metres across 15 holes at Taylor represents an important milestone for A2Gold and our first drill program at the Project since completing the acquisition earlier this year. We look forward to receiving the assay results and incorporating this new information into our understanding of the broader Taylor mineralized system. Importantly, our exploration program continues without interruption. The rig is now being mobilized directly to Eastside to begin drilling Target Pente. Our strategy at Eastside is increasingly focused on testing higher-grade feeder fault and vein targets within this very large epithermal system. Pente represents the next of these targets to be drill tested as we systematically evaluate the broader potential of the Eastside district."
Qualified Person
John Marma, CPG, a Certified Professional Geologist with the American Institute of Professional Geologists and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this news release.
About A2Gold Corp
A2Gold Corp. has built a multi-asset gold-silver exploration platform in Nevada, one of the world's premier mining jurisdictions. The Company controls approximately 230 km² of prospective mineral tenure across its Eastside and Taylor projects, both district-scale assets with large precious metals resources with significant exploration and resource growth potential.
Eastside hosts an inferred mineral resource of 1.4 million ounces of gold and 8.8 million ounces of silver*, while Taylor adds a highly prospective exploration district with gold, silver, antimony and porphyry-skarn upside. Backed by a fully funded exploration program and a strong pipeline of catalysts, A2Gold is focused on unlocking value through resource expansion, new discoveries and systematic district-scale exploration.
A2Gold is also supported by a strong shareholder base, including Kinross Gold Corporation, which owns approximately 9.9% of the Company's issued and outstanding shares.
* Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report, Esmeralda County, Nevada," prepared by Mine Development Associates of Reno, Nevada, with an effective date of July 30, 2021. Pit-constrained Inferred Resources, using a cut-off grade of 0.15 g/t Au, total 61,730,000 tonnes grading 0.55 g/t Au and 4.4 g/t Ag at the Original Pit Zone, representing 1,090,000 ounces of gold and 8,700,000 ounces of silver, and 19,986,000 tonnes grading 0.49 g/t Au at the Castle Area, representing 314,000 ounces of gold, using a gold price of US$1,725/ounce. Mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.
On Behalf of the Board
Peter Gianulis, CEO
Follow us:
X
LinkedIn
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which are referred to collectively as "forward-looking statements." The United States Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements.
Forward-looking statements in this news release include, but are not limited to, statements regarding A2Gold's exploration plans for the Taylor Project, the scope, timing and objectives of the drill program at Taylor, the potential expansion of the historical silver resource, the preparation of an updated NI 43-101 mineral resource estimate, the evaluation of gold mineralization, the testing of gold-antimony, CRD, skarn and porphyry targets, the potential contribution of gold and antimony mineralization to the broader Taylor system, the potential for Taylor to emerge as an important Nevada silver-gold project with critical mineral upside, and A2Gold's future exploration and development plans.
Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek," "expect," "anticipate," "budget," "plan," "estimate," "continue," "forecast," "intend," "believe," "predict," "potential," "target," "may," "could," "would," "might," "will" and similar words or phrases, including negative variations, suggesting future outcomes or statements regarding an outlook.
Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release.
Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled "Risk Factors" in A2Gold's Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR+ under A2Gold's profile. Actual results and future events could differ materially from those anticipated in such statements. A2Gold undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 13,375.71 Indian Rupees (INR) per gram, up compared with the INR 13,301.55 it cost on Tuesday.
The price for Gold increased to INR 156,011.30 per tola from INR 155,146.70 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
13,375.71
10 Grams
133,756.80
Tola
156,011.30
Troy Ounce
416,031.50
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Saudi Arabia on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 529.25 Saudi Riyals (SAR) per gram, up compared with the SAR 525.86 it cost on Tuesday.
The price for Gold increased to SAR 6,173.29 per tola from SAR 6,133.51 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
529.25
10 Grams
5,292.69
Tola
6,173.29
Troy Ounce
16,461.63
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Kolem vývoje cen zlata existuje řada teorií, někdy s poněkud protichůdnou logikou a závěry. Před několika měsíci spatřila světlo světa studie, která se věnuje docela důležitému rozporu – vztahu zlata k inflaci na straně jedné a sazbám na straně druhé. Podívejme se na ní. V současném nastavení může mít hodně co říci.
Jak se o zlatu dá uvažovat nyní? Tedy pokud dáme stranou veškeré přemítání o prodejích a nákupech zeměmi Blízkého východu se zablokovanými ropnými příjmy, nákupy ze strany centrálních bank, dedolarizaci a podobně. Tedy pokud zůstaneme u starých dobrých tezí o zlatu, inflaci a sazbách? Tato úvaha ukazuje na určitý paradox, kdy proti sobě mohou jít efekty inflace a sazeb. Vyšší inflaci si totiž spojujeme s vyššími sazbami, jejich vliv na zlato je ale v tradičním vnímání opačný.
Dejme konkrétně tomu, že by inflační tlaky vytvářené pokračující sérií přechodných faktorů nepřecházely, nebo dokonce sílily. V tradiční logice by to mělo znamenat vyšší, či pokračující vysokou atraktivitu žlutého kovu. Ale dejme také tomu, že tato situace bude vytvářet i tlak na vyšší nominální i reálné sazby. Kvůli nepřecházející vyšší inflaci i vyšší inflační nejistotě (vyšší časové prémie). Ale třeba i kvůli tomu, jak se vyvíjí vládní finance a jak se posunulo vnímání dluhové trajektorie u veřejnosti a politiků (vyšší rizikové prémie). Pak tu máme dva klíčové faktory, které historicky významně ovlivňovaly cenu zlata, a které by nyní šly proti sobě. Vyšší sazby by měly táhnout zlato dolů, ale inflace nahoru. Co k tomu říká zmíněná studie?
V „Is gold a hedge or safe-haven for inflation? Time-varying correlation in a multi-frequency framework“ její autoři Xingying Xu, Chenyue Zhou a Yinglun Zhu mimo jiné píšou: „Ve velmi dlouhých horizontech přesahujících 128 měsíců jsou korelace mezi zlatem a inflací obecně pozitivní. Pozitivní jsou od roku 1968 do roku 2020, ale po roce 2020 se stávají zápornými… Ve střednědobém a dlouhém horizontu 32–128 měsíců jsou korelace vysoce volatilní a silně ovlivněné režimy úrokových sazeb.“
K tomu pak autoři studie dodávají: „Vysoké reálné úrokové sazby tlumí nebo dokonce obracejí vztah mezi zlatem a inflací prostřednictvím zvýšených nákladů na držbu zlata.“ Mimochodem studie také tvrdí, že „směnný kurz EUR/USD vykazuje silnější potenciál pro zajištění proti inflaci než zlato v horizontech kratších než 128 měsíců. A futures na sóju v posledním desetiletí do značné míry ztratily svůj význam z hlediska takového zajištění.
Minimálně bychom tedy mohli říct, že sledoval jen inflaci ani zdaleka nestačí, reálné sazby hrají významnou, nebo dokonce rozhodující roli. Takže zbývá jen podívat se na aktuální vývoj reálných sazeb – v následujícím grafu od FREDu jsou odhady těch desetiletých od Fedu provedené na základě inflace a inflačních očekávání:
A vlastně zbývá ještě jedno – připomenout právě to, kolik teorií a skutečně působících faktorů se nyní kolem zlata zřejmě točí (viz výše). Efekt inflace a/nebo sazeb sám o sobě nemusí v takovém prostředí dominovat.
TD Securities remains constructive on South African Rand (ZAR), noting that domestic headwinds have failed to generate sustained weakness and that USD/ZAR’s downtrend remains intact. With Gold prices supported and global risk sentiment resilient, they argue ZAR offers attractive carry and see USD/ZAR rallies as opportunities to sell.
USD/ZAR rallies seen as selling opportunities"In South Africa, domestic headwinds have repeatedly failed to generate sustained ZAR weakness."
"USD/ZAR ignored new domestic political corruption allegation headlines from Q2 '26."
"While the unexpected SARB rate hold decision briefly drove USD/ZAR above the 200d SMA in July, market was able to look past this policy misstep and push USD/ZAR back below 16.00 in August."
"Global macro variables such as gold price and equity risk sentiment continue to serve as the main drivers for ZAR."
"USD/ZAR spot downtrend remains intact. We still view USD/ZAR rallies as selling opportunities so long as gold remains supported above $4,000/oz and global equity sentiment stays resilient."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
This is a market that has a lot of different things going on at the same time, not the least of which would be geopolitical risk and oil causing a lot of potential inflationary concerns.
There are several things coming up in the next few days that could have an influence on gold, not the least of which would be CPI on Friday, as it could influence the Federal Reserve next Wednesday and the expectations around a rate hike.
The Safety Bid Is Still Out There With the War The ECB is expected to raise rates by a quarter basis point this week. And with that, the question is, will higher interest rates continue to keep gold somewhat suppressed?
The safety bid is still out there with the war, but ironically, the war is also causing inflation and inflation expectations that are keeping the metals suppressed. So, you have a situation where gold doesn’t have anywhere to go.
What we really will be watching for, in my opinion, is any type of divergence in central bank behavior. If one central bank sounds a little bit more dovish than the other, that can influence the US dollar, which has a significant influence on gold.
Right now, it looks very neutral, and that does make a certain amount of sense because, with all of this information coming out, and of course, the errant Middle East headline, this is a tight market to be trading.
Gold (XAU/USD) struggles to hold early gains and reverses course on Tuesday as a modest rebound in the US Dollar (USD) and rising Oil prices weigh on the precious metal. At the time of writing, XAU/USD trades around $4,400 after reaching an intraday high near $4,443.
Tensions in the Middle East intensified after Iran-backed Houthis attacked energy facilities in four southern Saudi cities earlier on Tuesday. The escalation comes after the United States attacked Iranian vessels and Tehran targeted US warships and Oil tankers over the weekend.
Oil prices extend their advance, with West Texas Intermediate (WTI) trading around $91.80 per barrel after reaching $92.48, its highest level since June 8.
The latest hostilities also helped the US Dollar recover some ground after its recent weakness, which was largely driven by a sharp rally in the Japanese Yen (JPY). The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, trades around 98.97 after recovering from 98.72, its lowest level since August 21.
Gold’s near-term outlook remains challenging. The metal is widely viewed as a hedge against inflation and geopolitical tensions, but traders are paying greater attention to how higher Oil prices could affect inflation and interest rates. Gold offers no yield and usually performs better when borrowing costs are low.
The Federal Reserve (Fed) has not raised interest rates so far this year, but policymakers have repeatedly expressed concern about inflation staying above the central bank’s 2% target for too long. Friday’s stronger-than-expected US Nonfarm Payrolls (NFP) report eased worries about the labour market and gives the Fed more room to keep its focus on inflation.
Attention therefore turns to the Fed’s September 15-16 meeting, with the CME FedWatch Tool showing around a 60% probability of a 25-basis-point (bps) rate hike. The decision is likely to hinge on this week’s US inflation data.
The US Producer Price Index (PPI) is due on Thursday, followed by the Consumer Price Index (CPI) on Friday. Hotter readings could strengthen the case for a rate hike, while softer figures could ease expectations for higher borrowing costs and offer some relief to Gold. The US economic calendar is relatively light on Tuesday, with only the ADP Employment Change 4-week average scheduled for release.
Technical analysis: Bears eye $4,350 as right shoulder of H&S pattern forms
On the daily chart, XAU/USD holds above the 50-day and 100-day simple moving averages (SMAs) at around $4,255 and $4,346, respectively, keeping the broader near-term structure supported.
However, a potential Head-and-Shoulders pattern is taking shape, with the right shoulder currently forming. The neckline is located near $4,350 and is reinforced by the 100-day SMA, making this area an important support zone. Momentum is neutral, with the Relative Strength Index (RSI) near 50, while the Average Directional Index (ADX) has eased toward 23, suggesting that directional momentum is losing strength.
A decisive break below the $4,350 neckline would confirm the bearish pattern and expose the 50-day SMA near $4,255, followed by horizontal support around $4,150 and the psychological $4,000 mark.
On the topside, immediate resistance comes from the 200-day SMA near $4,537, with a more significant barrier further up at the horizontal level around $4,700. A sustained move above these layers would be needed to re-open a stronger bullish extension in Gold.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Geopolitics have boosted demand for physical and futures markets for gold. The US dollar is under pressure from diverging monetary policies. The US dollar has been falling for four of the last five consecutive days. Investors expect the ECB to tighten monetary policy at its next meeting, with signals from Christine Lagarde that the cycle will continue. Rumours are circulating in the forex market that the Bank of Japan is choosing between a 50bp hike later this month and 3 consecutive 25-point increases at each of its next three meetings. This divergence in monetary policy is creating headwinds for the US dollar index.
Adding fuel to the EURUSD rally is the faster rise in European bond yields relative to US Treasuries. This increases their relative attractiveness and raises the prospect of capital flows from the US to Europe. In reality, however, the rise in yields is being driven partly by sell-offs in French and Italian debt amid budgetary concerns, and in German debt following the CDU’s defeat in the regional elections. Elevated political risks are therefore weighing on the euro.
Meanwhile, Brent crude’s rally towards $100 per barrel, against the backdrop of escalating conflict in the Middle East, risks fuelling inflation and prompting the Fed to tighten monetary policy. This would create an unfavourable environment for gold. However, gold’s supporters are not giving up. In August, the People’s Bank of China increased its gold reserves by 650,000 ounces, marking the 22nd consecutive month of growth.
Goldman Sachs believes that gold is a hedge over the period of threats to the Fed’s independence, unorthodox government intervention in currency and debt markets, a ‘debasement trade’ and escalating fiscal problems. Amundi is increasing the proportion of gold in its portfolios, citing its affordability, liquidity and use as a risk-hedging instrument.
Société Générale believes that the conflict in the Middle East is not a negative factor for Gold over the long term. What began as a geopolitical shock has turned into a broad-based build-up of physical and futures positions, involving retail investors, professional asset managers and derivatives traders. The firm describes the precious metals market as bullish across the board.
The FxPro Analyst Team
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.
Public Employees Retirement System of Ohio purchased a new position in Gold.com Inc. (NYSE:GOLD – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,148 shares of the company’s stock, valued at approximately $1,463,000. Public Employees Retirement System of Ohio owned 0.12% of Gold.com at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Globeflex Capital L P bought a new position in Gold.com during the second quarter valued at $2,783,000. Bank of New York Mellon Corp bought a new stake in shares of Gold.com in the second quarter valued at $7,143,000. Bank of America Corp DE lifted its position in shares of Gold.com by 116.8% during the 1st quarter. Bank of America Corp DE now owns 60,575 shares of the company’s stock valued at $2,428,000 after buying an additional 32,637 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Gold.com by 69.2% during the 1st quarter. California State Teachers Retirement System now owns 29,031 shares of the company’s stock valued at $1,164,000 after buying an additional 11,871 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Gold.com by 42.5% during the 1st quarter. Empowered Funds LLC now owns 277,029 shares of the company’s stock worth $11,103,000 after acquiring an additional 82,637 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.
Analyst Upgrades and Downgrades Several equities research analysts recently weighed in on the company. Northland Securities set a $55.00 price objective on Gold.com in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gold.com in a report on Monday, August 17th. Zacks Research lowered shares of Gold.com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. DA Davidson reiterated a “buy” rating and issued a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Finally, Canaccord Genuity Group lowered their price target on shares of Gold.com from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Gold.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.
View Our Latest Stock Report on GOLD Gold.com Trading Up 0.1% NYSE:GOLD opened at $46.19 on Tuesday. Gold.com Inc. has a 1 year low of $22.00 and a 1 year high of $66.70. The stock’s fifty day moving average price is $42.62 and its two-hundred day moving average price is $44.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.18 and a quick ratio of 0.29. The company has a market cap of $1.34 billion, a P/E ratio of 15.82 and a beta of 0.56.
Gold.com (NYSE:GOLD – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.55). Gold.com had a net margin of 0.32% and a return on equity of 18.15%. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter last year, the firm posted $0.41 earnings per share. As a group, analysts expect that Gold.com Inc. will post 3.73 EPS for the current year.
Gold.com Announces Dividend The business also recently announced a special dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 16th. Gold.com’s payout ratio is presently 27.40%.
Gold.com Company Profile (Free Report)
Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.
Featured Articles Five stocks we like better than Gold.com 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding GOLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold.com Inc. (NYSE:GOLD – Free Report).
Receive News & Ratings for Gold.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold.com and related companies with MarketBeat.com's FREE daily email newsletter.
, /PRNewswire/ -- Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to report on its summer exploration program progress and mine geology advancement to further its operational readiness program.
2026 Summer Geology Program Highlights:
Figure 1: North Block
Figure 2: South Block
Figure 3: Map of Condemnation Drilling Program Advanced South Block targets toward drill-ready status Mapped more than 95% of known outcrops and collected 127 grab samples Completed 23 condemnation holes totalling 6,184 metres, confirming the site General Arrangement Advanced the integrated 3D geological and multi-element geochemical model Adree DeLazzer, P.Geo, Vice President, Exploration, commented, "this season's work has strengthened our geological understanding of the North and South blocks and advanced priority targets on the South Block toward planned drilling in early 2027. Integrating our mapping, sampling and structural interpretation will help us refine these targets and focus the next phase of exploration. In parallel, we are developing an integrated geological and geochemical model at Fenn-Gib to better understand the deposit and guide exploration across the broader property. We are encouraged by the South Block's potential and look forward to testing the targets developed through this work.
2026 Exploration Program
The 2026 exploration program focused on advancing the geological understanding of the North and South blocks (see figures 1 and 2 below) through systematic geological mapping, prospecting, sampling, and compilation of historical data. Over 95% of known outcrops across both blocks were reviewed, mapped and selectively sampled, providing extensive coverage of the property and adding significantly to the geological dataset available for ongoing interpretation and targeting.
A total of 127 grab samples were collected across the North and South blocks, including selected samples for gold assay and multi-element geochemical analysis. Geological and structural observations recorded during fieldwork focused on documenting structural features, lithology, alteration, and mineralization. The results of this work are being integrated with existing historical datasets to build a more complete understanding of the property.
A structural targeting program is also underway and has identified a number of areas for further evaluation. These targets are being integrated with the results of the summer mapping and sampling program to help refine areas for potential follow-up geological, geochemical, and geophysical work.
The Company is currently finalizing plans for its fall and winter exploration programs.
Infrastructure Condemnation Drilling Program
Mayfair has completed its 2026 condemnation drilling program, comprising 23 drill holes totalling 6,184 metres, including two redrills. The program was designed to test the proposed locations of key project infrastructure identified in the 2026 Pre-Feasibility Study Technical Report. The drilling results confirm that the tested locations remain suitable for the planned infrastructure, and no changes to the current site layout are required.
Condemnation Program Assay Highlights
Hole-ID
From
(Meters)
To
(Meters)
Length*
(Meters)
Au g/t
Lithology
FGN26-031
51.00
67.75
16.75
0.52
AMV
and
260.00
261.25
1.25
1.28
MV
FGN26-033
178.30
181.00
2.70
2.84
AMV
including
179.70
181.00
1.30
5.41
MV
FGN26-035
87.00
90.00
3.00
0.66
SED
and
296.50
298.00
1.50
0.51
SED
FGN26-036
49.00
50.50
1.50
3.27
SED
FGN26-037
180.90
184.00
3.10
0.64
ASED
including
183.00
184.00
1.00
1.05
ASED
and
271.00
275.00
4.00
0.62
ASED
FGN26-038
198.30
202.50
4.20
1.58
SED
including
201.00
202.50
1.50
3.50
SED
FGN26-039
91.50
92.60
1.10
0.73
SED
FGN26-040
82.50
84.00
1.50
4.45
SED
FGN26-041a
238.50
240.00
1.50
3.64
SED
and
263.00
264.50
1.50
1.11
SED
FGN26-043
224.00
225.50
1.50
0.60
SED
FGN26-048
163.00
164.50
1.50
0.50
SED
and
167.50
169.00
1.50
0.67
SED
FGN26-050
278.00
279.50
1.50
1.14
SED
and
296.00
297.50
1.50
0.52
SED
* True Thickness for condemnation drilling is unknown.
Efforts are underway to build a comprehensive 3D model integrating geology and a multi-element database. To date, over 900 inductively coupled plasma mass spectrometry assays (ICP-MS) have been taken in and around the main Fenn-Gib deposit. Mayfair is continuing to expand the database and model key elements to strengthen the geo-metallurgy model. The final product will also serve in vectoring pathfinder elements to support exploration efforts on the property scale.
Acid-based accounting assays (ABA) are also being included to further support and strengthen the various environmental baseline studies.
Finally, the previously reported grade control program yielded favorable results (see news release dated June 18, 2026). Mayfair is currently considering options to capitalise on those results and potentially do targeted infill drilling to pursue that program.
Quality Assurance and Quality Control
Mayfair Gold maintains a Quality Assurance/Quality Control (QA/QC) program aligned with NI 43-101 requirements and industry best practices. NQ size surface drilling was carried out by Black Diamond Drilling of Matheson, Ontario, and by Wiijiiwaagan Drilling Limited Partnerships of Haileybury, Ontario, under the supervision of Mayfair Gold's exploration team. The drill program includes detailed geological logging and systematic sampling of drill core at Mayfair's secure facility in Matheson, Ontario.
Drill core selected for analysis was cut longitudinally using a diamond‑blade saw. One half of the core was retained in the core box for reference, and the other half was bagged, sealed, and prepared for shipment. Analytical work was completed by Swastika Laboratories Ltd. in Swastika, Ontario. Swastika Laboratories is independent of Mayfair Gold and accredited by the Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the ISO/IEC 17025 standards for gold analysis by fire assay with gravimetric finish and fire assay with flame atomic absorption spectroscopy (FAAS) finish.
Samples were delivered directly to Swastika Laboratories by Mayfair personnel. Samples are crushed to minimum 80% passing 1,700 μm. Samples are then split to obtain a 300–500 g sample using a rotary divider. 300–500 g samples are pulverized to minimum 85% passing 74 μm. Gold assays were completed using a 30‑gram fire assay with FAAS finish. Samples returning gold grades greater than 10 g/t were re‑assayed using a 30‑gram fire assay with gravimetric finish. As part of Mayfair's QA/QC protocol, one certified reference material (CRM), one coarse blank, and one coarse duplicate sample were inserted into the sequence of every 25 samples. Routine third‑party check assays are also performed.
True thickness for condemnation drilling is unknown.
Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the "PFS")1 is to develop the project under the provincial permitting process, targeting the higher-grade 1 million ounce probable mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit. The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow2 of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.
The geological information contained in this news release has been reviewed and approved by Adree DeLazzer, P.Geo., Vice President, Exploration of Mayfair, and the remaining technical information has been reviewed and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair. Ms. DeLazzer and Mr. Anwyll are Qualified Persons as defined by National Instrument 43-101.
_________________________
1 Please refer to the technical report entitled "Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study" dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.
2 Free cash flow does not have a standardized meaning and may not be comparable to similar measures presented by other issuers, referred to as non-GAAP financial measures. As the Corporation is not in production, the Corporation does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS.
Cautionary Note Regarding Forward-Looking Information
This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the expected strategy to develop the project under the provincial permitting process, de-risking of early years' high-grade feed and cash flow profile, the potential to bring forward higher-grade production, targeting the higher-grade mineral reserve, building and operating the Fenn-Gib Project and all disclosure related to the PFS, including commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws.
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
, /PRNewswire/ -- Orvana Minerals Corp. (TSX: ORV; OTCQX: ORVMF) ("Orvana" or the "Company") announces that its Bolivian subsidiary, Empresa Minera Paitití S.A. ("EMIPA"), has successfully produced its first doré bar from the processing of oxides stockpiled at its Don Mario site.
Image 1: Don Mario Plant Team, post-first pour
Image 2: First gold-silver pouring from oxides ore at Don Mario Plant
Image 3: Don Mario Plant Conceptual Flowsheet "The first doré bar from EMIPA's oxides confirms that the metallurgical performance of the expanded Don Mario Plant is in line with design and engineering assumptions. We remain focused on safely increasing throughput, and optimizing plant performance as operations ramp up" said Juan Gavidia, Chief Executive Officer of Orvana.
Oxides Stockpile Project ("OSP")
The Don Mario operation, located in the Don Mario district in southeastern Bolivia, is owned and operated by EMIPA, Orvana's Bolivian subsidiary. Mining and milling operations at Orvana's Don Mario operations were temporarily suspended in the first quarter of fiscal 2020 following depletion of mineral reserves at that time.
The Company is now completing the OSP to process oxide material that was stockpiled during previous years of mining at Don Mario. The project includes a large expansion for copper cathodes production enablement, and an upgrade of the ADR section of the legacy gold-silver circuit of the Don Mario Processing Plant.
The high-level flowsheet below illustrates the expanded Don Mario Plant and the recovery routes for copper, gold and silver.
Next Operational Milestones
EMIPA's focus remains on the safe and disciplined ramp-up of operations at the expanded Don Mario Processing Plant. Key priorities include increasing processing throughput, optimizing metallurgical performance, and progressing toward full commercial production of gold-silver dore, and copper cathodes, while maintaining rigorous cost control.
Production levels during fiscal 2026 will depend on the progress of ramp-up activities, plant performance and the successful stabilization of all operating circuits. The Company will provide updates on ramp-up progress and key operational developments in due course.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Luis Isla, Chief of Geology of EMIPA, a Qualified Person as defined under National Instrument 43-101 and an employee of Empresa Minera Paitití, S.A., a subsidiary of Orvana, and is not independent of the Company.
ABOUT ORVANA – Orvana is a multi-mine gold-copper-silver company. Orvana's assets consist of the producing Orovalle operation in northern Spain; the Don Mario operation in Bolivia; and the Taguas property located in Argentina. Additional information is available at Orvana's website (www.orvana.com).
Cautionary Statements – Forward-Looking Information
Certain statements in this news release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking information includes, without limitation, statements regarding the increasing processing throughput, optimizing metallurgical performance, and progressing toward commercial copper cathode production; and anticipated production levels at Don Mario during fiscal 2026.
Forward-looking statements are not statements of historical fact and are generally identified by words or phrases such as "believes", "expects", "plans", "estimates", "intends", "anticipates", "may", "could", "would", "might" or "will", or similar expressions, and include statements regarding future events and performance.
Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. The forward-looking statements in this news release are based on assumptions including, without limitation that the expanded Don Mario Plant will continue to operate in a manner consistent with current operating and metallurgical expectations; that oxide stockpile characteristics and metallurgical performance will remain substantially consistent with project assumptions; that EMIPA will be able to secure and maintain the supplies, reagents, consumables, power and other inputs required to support ongoing operations; that qualified personnel and contractors will remain available to support ramp-up activities; that the Company will maintain sufficient liquidity, working capital and access to financing required to fund operations during the ramp-up period; and that operational, regulatory, commercial and market conditions will continue to support the advancement of the Oxides Stockpile Project. There can be no assurance that any of these assumptions will prove correct or that the forward-looking statements will be achieved.
Actual results could differ materially from those expressed or implied in forward-looking statements due to a variety of factors, many beyond the Company's control, including, without limitation: variability in ore grades, metallurgical recoveries, throughput or plan performance during ramp-up of the expanded Don Mario Plant; delays In achieving commercial copper cathode production; the unavailability of qualified personnel of contractors, the inability of EMIPA to secure or maintain the supplies, reagents, consumables, power or other inputs required for operations, insufficient liquidity or working capital to fund ramp-up activities; deterioration in Bolivia's economic conditions, including foreign exchange constraints in law, regulation or governmental policy affecting mining operations in Bolivia. Additional risk factors applicable to the Company are described in the Company's most recent Annual Information Form, available at www.sedarplus.ca.
Orvana does not undertake any obligation to update forward-looking statements, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2026) - Rua Gold Inc. (TSX: RUA) (NZX: RGI) (OTCQX: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to provide an update on its Auld Creek gold-antimony project (the "Auld Creek Project") in Reefton, New Zealand.
RUA GOLD's exploration team has completed 19,600m of drilling, primarily focused on improving the confidence of Mineral Resource and provide detailed data for the geotechnical, hydrological and metallurgical studies supporting the pre-feasibility study ("PFS") required for the Company's Fast-Track Approvals Mining Application. Following the July 2026 announcement1 that the Auld Creek Project had been accepted as a listed project under New Zealand's Fast-Track Approvals regime, the Company remains on track to execute on its strategy and submit its substantive application in October 2026 and publish the PFS in December 2026.
Highlights:
Four drill rigs continue testing the growing resource, which remains open in all directions.
RUA GOLD’s exploration team has completed 19,600m of resource drilling, exceeding its 19,000m target.
Highlighted assay results from drilling at Auld Creek include:
ACDDH086: 2.7m @ 23.2 g/t AuEq2 (15.4 g/t Au & 3.6% Sb) from 249m
ACDDH103: 7.0m @ 9.9 g/t AuEq2 (5.7 g/t Au & 2.0% Sb) from 133m
ACDDH104: 32.0m @ 2.4 g/t AuEq2 (2.1 g/t Au & 0.1% Sb) from 332m
ACDDH106: 11.3m @ 5.7 g/t Au (incl 0.8m @ 17.65g/t Au) from 159m
ACDDH107: 1.9m @ 22.7 g/t AuEq2 (10.1 g/t Au & 5.8% Sb) from 249.55m
ACDDH108: 11.3m @ 6.11 g/t Au from 256m
ACDDH111: 4.5m @ 12.6 g/t AuEq2 (5.8 g/t Au & 3.1% Sb) from 138m
ACDDH112: 2.9m @ 38.8 g/t AuEq2 (9.3 g/t Au & 13.7% Sb) from 226m
ACDDH119: 0.6m @ 136.2 g/t AuEq2 (82.9 g/t Au & 24.8% Sb) from 237.6m
Ultra-detailed geological and structural studies have significantly improved the Company’s understanding of the orientation of high-grade mineralized shoots, contributing to a high drill-targeting success rate and improved intercept grades.
Localised mineralized zones exceeding 20m in width support the potential scale and continuity of the resource. Drilling has also returned exceptionally high individual grades and the first observations of visible gold at the Auld Creek Project.
Assay results from a further 18 drill holes are pending and will contribute to the updated Mineral Resource estimate anticipated in Q4 2026.
The Company remains on track to submit its substantive application under New Zealand’s Fast-Track Approvals regime in October 2026.
Robert Eckford, Chief Executive Officer of RUA GOLD, commented: "These exceptional exploration results are informing the mine plan and reinforcing the significant development potential of the Auld Creek Project. The deposit continues to exceed our expectations and remains open in all directions. Our improved understanding of the orientation of the high-grade mineralized shoots will be crucial as we advance the next phase of drilling. The occurrence of visible gold is particularly encouraging and suggests that grades may improve with depth."
Figure 1: Highlights from recent Auld Creek drilling
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/313276_2acb39f604e68ba4_012full.jpg
Table 1: Significant intercepts from recent Auld Creek drilling.
Recent drilling continues to demonstrate the potential to expand the Auld Creek gold-antimony resource, which extends over 1,000m in length and to a depth of more than over 500m. Following completion of the planned 19,600m drill program, and encouraged by the exceptional results received to date, the Company will continue drilling with four rigs during the fourth quarter of 2026 to test the deposit along strike and at depth.
Drill targeting was guided by detailed structural mapping used to interpret the orientation and plunge of the prospective high-grade mineralized shoots. Stereonet plotting of the dips and strikes within the main Fraternal Fault zone indicates an overall orientation of 186°/84°W. The analysis also indicates that the shears and breccias intersecting the Fraternal Fault are orientated at 354° with a moderate plunge.
Drilling based on these structural guides have demonstrated strong continuity of mineralization along the interpreted orientations and a high success rate in testing planned targets.
Figure 2: Shoot orientations on Fraternal, Auld Creek
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/313276_2acb39f604e68ba4_018full.jpg
Two features of the recent drilling program are particularly notable:
Certain mineralized shoots demonstrate increasing gold and antimony grades, including intervals where visible gold has been observed (Zone 1 - Figure 2).
Mineralized widths increase in certain areas, with discrete hanging wall and footwall zones of higher antimony mineralization enveloping a broad zone grading of approximately 2-3 g/t Au (Zone 2 - Figure 2).
Figure 3: High grade Au and Sb from Zone 1, Figure 2.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/313276_2acb39f604e68ba4_019full.jpg
The resource drilling program also incorporates the geotechnical, hydrological and metallurgical studies required for the PFS, including rock strength testing, specific gravity and ore zone characterization. This work is substantially complete and will support the Company's forthcoming Fast-Track Approvals application and the filing of the required NI 43-101 technical reports.
Figure 4: Location of active Rua Gold exploration projects
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10755/313276_2acb39f604e68ba4_030full.jpg
MANAGEMENT UPDATE
RUA GOLD is also pleased to announce the appointment of Darren Prins as Interim Chief Financial Officer and Corporate Secretary during the planned maternity leave of Zeenat Lokhandwala.
Mr. Prins brings extensive experience in corporate reporting, governance and mergers and acquisitions. Throughout his career, he has held senior financial leadership positions with several publicly listed mining companies, including Timmins Gold, Mayfair Gold and First Mining Gold.
ABOUT RUA GOLD
RUA GOLD is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully turned major discoveries into producing world-class mines in multiple continents. The team is now focused on maximizing the asset potential of RUA GOLD's two highly prospective high-grade gold projects.
The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of permits, in a district that historically produced over 2Moz of gold grading from 9-50g/t3.
The Company's Glamorgan Project solidifies RUA GOLD's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki District, a region that has produced an impressive 15Moz of gold and 60Moz of silver4.
For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.
TECHNICAL INFORMATION
Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of RUA GOLD, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has participated in the geochemical sampling, and mapping programs to verify that they have been conducted in accordance with standard operating procedures. Mr. Henderson has verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.
QA/QC Drill Core
Core samples were sent to SGS Laboratories, Westport for sample preparation. SGS is independent of the Company. Samples were crushed and pulverized to 85% passing 75 µm. The pulverized rock-chips were split into two samples: ~50 g for laboratory analysis, and the reject returned to Rua for pXRF analysis and storage.
Pulverized rock-chip samples were sent to ALS Brisbane to be analyzed for gold (Au) by 50-g fire assay with AAS finish (ALS Code Au-AA26); and for antimony (Sb) with lithium borate fusion sample preparation followed by an X-ray Fluorescence (XRF) instrument finish (ALS Codes: Sb-XRF15b for 0.005-20.0% Sb and Sb-XRF15c for 0.01-80.0% Sb).
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to drill program at the Auld Creek target and the timing and results thereof, the timing or results of PFS, the timing or result of an application for a mine permit, and the expected contributions of Mr. Prins. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.
Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Table 2: Location of Auld Creek reported drill holes from RUA program
Hole_IDFromToIntervalAu (g/t)Sb (%)ACDDH082316.6316.90.35.450.01ACDDH08535535612.040.01ACDDH08535635710.810.01ACDDH08535735810.440.01ACDDH085358358.50.50.84-0.01ACDDH085358.5358.80.30.620.01ACDDH085358.8359.30.50.64-0.01ACDDH085359.3359.80.54.220.01ACDDH085359.8360.30.58.040.02ACDDH085360.3360.850.5515.60.10ACDDH085360.85361.40.553.160.01ACDDH086249.2249.60.410.30.02ACDDH086249.62500.423.20.02ACDDH086250250.70.7232.41ACDDH086250.7251.30.68.238.39ACDDH086251.3251.950.6512.24.90ACDDH086265.8266.60.81.920.01ACDDH086266.6267.30.72.010.01ACDDH086267.3267.90.63.330.01ACDDH095278.3279.10.80.31.08ACDDH095279.1279.80.70.671.84ACDDH095279.8280.50.71.30.18ACDDH095280.5281.30.80.050.09ACDDH095281.3282.351.054.741.41ACDDH097254.9255.350.451.580.02ACDDH097255.35255.80.451.030.01ACDDH097255.8256.10.32.450.06ACDDH097256.1256.40.33.70.97ACDDH097256.4256.80.40.470.38ACDDH097256.8257.20.40.760.67ACDDH098259.8260.350.555.922.43ACDDH099112112.50.51.460.01ACDDH099112.51130.51.150.06ACDDH099113113.40.45.514.36ACDDH099113.4113.850.453.484.42ACDDH099113.85114.150.30.570.33ACDDH099114.15114.550.40.410.05ACDDH102296296.550.553.221.77ACDDH102301.53020.52.750.19ACDDH102302302.50.54.890.50ACDDH102302.53030.53.510.25ACDDH102303303.60.64.110.03ACDDH102303.63040.40.050.01ACDDH102304304.50.50.02-0.01ACDDH102304.53050.50.270.01ACDDH102305305.50.50.28-0.01ACDDH102305.5305.80.31.241.31ACDDH102305.8306.10.30.68-0.01ACDDH102306.1306.50.40.51-0.01ACDDH102306.53070.50.43-0.01ACDDH102307307.50.50.52-0.01ACDDH102307.53080.51.14-0.01ACDDH103133133.50.510.02ACDDH103133.51340.54.623.50ACDDH103134134.70.74.599.52ACDDH103134.7135.30.61.980.01ACDDH103135.31360.75.760.07ACDDH103136136.40.44.170.04ACDDH103136.4136.750.355.98-0.01ACDDH103136.75137.10.354.750.32ACDDH103137.1137.750.656.420.83ACDDH103137.75138.30.554.950.09ACDDH103138.3138.750.4565.08ACDDH103138.75139.10.3511.256.27ACDDH103139.1139.60.517.80.16ACDDH103139.61400.41.390.02ACDDH103150150.50.51.990.009ACDDH103150.51510.50.810.007ACDDH103151151.50.51.05-0.005ACDDH103151.51520.51.520.009ACDDH103152152.50.50.46-0.005ACDDH103152.51530.51.84-0.005ACDDH103153153.50.52.29-0.005ACDDH103153.51540.53.44-0.005ACDDH104331.1332.110.610.03ACDDH104332.1333.21.12.171.82ACDDH104333.2333.90.75.790.09ACDDH104333.9334.80.92.930.02ACDDH104334.8335.70.91.92-0.01ACDDH104335.7336.50.81.560.01ACDDH104336.5337.513.360.01ACDDH104337.5338.512.21-0.01ACDDH104338.53390.53.78-0.01ACDDH10433934012.740.01ACDDH10434034112.97-0.01ACDDH10434134211.60.01ACDDH104342342.50.50.87-0.01ACDDH104342.5343.20.74.50.06ACDDH104343.23440.81.730.01ACDDH104344344.80.80.610.01ACDDH104344.8345.50.72.25-0.01ACDDH104345.5346.30.80.480.01ACDDH104346.3347.10.80.990.01ACDDH104347.1347.90.80.940.01ACDDH104347.9348.60.73.40.02ACDDH104348.6349.611.880.01ACDDH104349.6350.610.93-0.01ACDDH104350.6351.71.10.730.01ACDDH104351.7352.30.62.160.01ACDDH104352.3353.41.10.960.01ACDDH104353.4354.411.891.08ACDDH104354.4355.413.910.28ACDDH104355.4356.412.940.06ACDDH104356.4357.20.81.450.15ACDDH104357.2358.212.440.02ACDDH104358.2359.10.92.030.02ACDDH104359.1360.31.21.610.01ACDDH104360.3361.311.050.01ACDDH104361.3362.311.80.01ACDDH104362.3363.312.40.01ACDDH104363.3364.10.82.590.01ACDDH104364.13650.90.3-0.01ACDDH10436536610.510.01ACDDH104366367.11.10.68-0.01ACDDH104367.1368.21.10.17-0.01ACDDH104368.2369.51.30.41-0.01ACDDH104369.5370.81.30.01-0.01ACDDH104370.83721.21.20.01ACDDH104372373.21.20.36-0.01ACDDH104373.23740.80.260.01ACDDH104374374.80.80.480.01ACDDH104374.83761.210.01ACDDH10437637710.450.01ACDDH105202.8203.60.82-0.01ACDDH105203.6204.40.83.01-0.01ACDDH105204.4205.30.94.8-0.01ACDDH106158.6159.616.67-0.01ACDDH106159.6160.610.47-0.01ACDDH106160.6161.40.81.12-0.01ACDDH106161.41620.68.16-0.01ACDDH10616216314.2-0.01ACDDH10616316418.870.01ACDDH10616416513.92-0.01ACDDH106165165.80.84.27-0.01ACDDH106165.8166.60.82.58-0.01ACDDH106166.6167.40.817.650.01ACDDH106167.4168.10.77.52-0.01ACDDH106168.1169.117.920.01ACDDH106169.1169.90.81.710.01ACDDH107249.55249.850.35.65.93ACDDH107249.85250.350.54.242.16ACDDH107250.35250.70.3511.9513.95ACDDH107250.72510.319.68.22ACDDH107251251.450.4511.852.15ACDDH108256257121.80.01ACDDH10825725816.82-0.01ACDDH108258259112.350.01ACDDH108259259.80.80.95-0.01ACDDH108259.8260.70.95.320.01ACDDH108260.7261.60.97.51-0.01ACDDH108261.6262.50.99.94-0.01ACDDH108262.5263.30.80.28-0.01ACDDH108263.3264.10.80.15-0.01ACDDH108264.1264.90.80.61-0.01ACDDH108264.9265.70.84.750.01ACDDH108265.7266.50.80.830.01ACDDH108266.5267.30.81.920.01ACDDH110115.75116.40.651.082.47ACDDH110116.41170.63.782.61ACDDH111138138.50.52.140.03ACDDH111138.51390.53.080.76ACDDH111139139.50.50.455.49ACDDH111139.51400.53.653.59ACDDH111140140.50.55.490.19ACDDH111140.5140.850.3514.055.64ACDDH111140.85141.20.358.7517.85ACDDH111141.2141.50.318.52.64ACDDH111141.51420.56.930.06ACDDH111142142.50.53.80.12ACDDH112226226.30.31.853.61ACDDH112226.3226.60.33.5217.20ACDDH112226.6226.950.352.7517.00ACDDH112226.95227.450.540.58.34ACDDH112227.452280.551.238.98ACDDH112228228.50.54.8423.10ACDDH112228.5228.850.351.617.80ACDDH112239.452400.552.771.36ACDDH112240240.550.554.852.15ACDDH112243.6244.20.69.084.02ACDDH113323.95324.450.55.430.06ACDDH113324.45324.90.457.80.03ACDDH114108.3108.80.511.65.26ACDDH114108.8109.91.16.634.96ACDDH11525625710.47-0.01ACDDH11525725813-0.01ACDDH11525825910.48-0.01ACDDH11525926012.04-0.01ACDDH11526026110.79-0.01ACDDH11526126210.66-0.01ACDDH115262263110.01ACDDH11526326414.050.01ACDDH11526426510.63-0.01ACDDH11526526610.84-0.01ACDDH11526626710.73-0.01ACDDH11526726810.05-0.01ACDDH11526826911.27-0.01ACDDH116254.05254.650.61.211.09ACDDH116254.65255.350.70.20.03ACDDH116255.35255.650.32.3522.00ACDDH117148.35148.950.61.74-0.01ACDDH117148.95149.550.61.21-0.01ACDDH117149.55150.150.61.39-0.01ACDDH117150.151510.852.6-0.01ACDDH117151151.50.54.32-0.01ACDDH117151.51520.51.97-0.01ACDDH117157.41580.61.140.07ACDDH117158158.60.60.590.03ACDDH117158.6159.20.61.860.01ACDDH117159.8160.40.61.660.02ACDDH117160.4161.20.80.650.02ACDDH117161.2161.850.652.480.12ACDDH117161.85162.40.559.710.15ACDDH117162.4162.60.22.520.06ACDDH117162.6163.150.5510.01ACDDH119237.6238.150.5582.924.801 See Rua Gold news release "RUA GOLD's Auld Creek Project Qualifies for New Zealand's 6-Month Fast-Track Approvals Process" dated July 30, 2026, available on the Company's website at www.ruagold.com and on SEDAR+ at www.sedarplus.ca
2 Based on the recent Reefton Technical Report, the gold equivalent formula is based on AuEq = Au g/t + 2.15 x Sb% using a Au price of US$3,000/oz, Sb price of US$25,000 per tonne and 85% recovery.
3 Technical Report on the Reefton Project, New Zealand, with an effective date of February 27, 2026 available under the Company's SEDAR+ profile at www.sedarplus.ca.
4 Christie, A., Simpson, M., Barker, R., and Braithwaite, R. 2019. Exploration for epithermal Au-Ag deposits in New Zealand: history and strategy. New Zealand Journal of Geology and Geophysics, 62:1, 414-441. NI 43-101 Technical Report, Waihi District Pre-feasibility Study, New Zealand. OceanaGold Corporation, Report Date: December 11, 2024.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313276
Source: Rua Gold Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Gold (XAU/USD) posts marginal gains for the third straight day on Tuesday amid risk-off sentiment as tensions in the Middle East escalate and Oil prices rally, strengthening the case for higher interest rates in the world's major economies. Against this background, the XAU/USD pair explores prices below $4,400 during the European trading hours, extending its decline from last week’s highs in the $4,500 area.
Risk appetite faded on Tuesday as Tehran escalated its threats, warning that it might attack energy infrastructure in Gulf countries, including US Oil and Gas sites, in case of new attacks on its assets.
With hopes of a negotiated end to the war vanishing, Oil prices continue rising. Brent Crude stretched to levels above $97.00 per barrel, nearing the feared $100 psychological level, boosting inflationary pressures and prompting central banks to adopt more restrictive policies.
Technical Analysis: Key support is at $4,300.
XAU/USD trades at $4,394 after being capped ahead of the key 200-day simple moving average (SMA) last week, with momentum indicators in the daily chart highlighting incipient bearish traction. The Relative Strength Index (14) is hovering around the 50 level, and the Moving Average Convergence Divergence (MACD) treads within negative territory.
On the downside, Friday's low at the $4,370 area is likely to test bears, but the key support remains between $4,300 and $4,285, the August 14 and September 2 lows respectively, and the neckline of a bearish Head & Shoulders (H&S) pattern.
On the topside, bulls face an important cluster of resistances between last week's highs at $4,510 and the mentioned 200-day SMA just above at $4,536, while a break higher would expose the August 25 high, just below $4,700.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Standard Chartered has restored gold to "Overweight" and raised its three-month target to $4,750, followed by $5,000 over 12 months. The Gold price slipped back towards $4,404 on Tuesday as markets continued to digest stronger US employment data and the prospect of another Federal Reserve rate increase.
Standard Chartered sees the pullback giving way to renewed gains.
The bank has raised its three-month gold forecast to $4,750 an ounce and its 12-month target to $5,000.
It has also restored gold to an Overweight position.
“We have raised our three- and 12-month gold price targets to USD 4,750/oz and USD 5,000/oz, respectively,” said Standard Chartered Senior Investment Strategist Cindy Lam.
From the current XAU/USD price, the shorter target implies an advance of about 7.9%.
A move to $5,000 would require a gain of approximately 13.5%.
The three-month forecast is less demanding than that percentage suggests.
Gold traded as high as $4,696 during August, leaving Standard Chartered’s $4,750 target only 1.1% above the recent peak.
Reaching $5,000 would require a more decisive breakout.
US Dollar pullback revives the gold case Standard Chartered said gold’s “price outlook has notably improved alongside a sharp pullback in the USD”.
That makes the US Dollar central to the forecast.
A renewed decline in the US currency would reduce the cost of gold for overseas buyers and support another challenge of the August high.
The immediate backdrop has become less comfortable.
The official US employment report showed that payrolls increased by 162,000 in August, while unemployment held at 4.1%.
The stronger labour-market reading lifted US yields and reinforced the risk that interest rates stay higher for longer.
Gold has already shown its sensitivity to that shift.
Our earlier coverage examined how renewed Federal Reserve tightening expectations hit gold, silver and Bitcoin after Chair Kevin Warsh’s Jackson Hole speech.
Standard Chartered’s revised forecast nevertheless adds another major-bank call for substantially higher bullion prices.
It follows UniCredit’s $4,400-$5,200 year-end forecast range, although the two forecasts cover different periods.
Image: Gold price in USD one-month chart The one-month chart captures a sharp rise towards $4,696, followed by a reversal to $4,284 and a recovery above $4,400.
That leaves the August peak as the first test of Standard Chartered’s forecast, with $4,750 sitting just beyond it.
The next major policy decision is scheduled for September 16, following the Federal Reserve’s two-day meeting.
A softer Dollar would support Standard Chartered’s call, while another rise in US yields would make the route back to $4,750 more difficult.
Gold, silver correlations with dollar near historical extremes
DXY sits just above an important support zone
US inflation next key risk event for markets
Disorderly yen carry trade unwind remains a left-tail risk
Gold and silver have essentially become a play on directional movements in the US dollar over the past month, and especially the past fortnight, with the strength of the inverse relationship pushing towards historical extremes.
Dollar relationship moves into rare territory
While the inverse relationship between gold, silver and other precious metals with the US dollar has been evident for decades, the strength of the relationship is unusually high right now.
Source: LSEG
Over the past 10 trading days, gold’s correlation with DXY has fallen to around -0.88, while silver’s stands at -0.83. Those readings sit around the 3rd percentile for gold and 4th percentile for silver relative to their respective histories, meaning the inverse relationship has only been stronger during a very small proportion of comparable windows.
The 20-day relationship is also tight, with gold at around -0.76 and silver at -0.73, ranking near the 6th and 5th percentiles respectively.
With the DXY just above an important support level, should that extreme relationship be maintained, a downside break in the DXY points to the increased risk of renewed upside across the precious metals complex.
Yen strength adds pressure to the dollar
Source: Tradingview
DXY finds itself struggling beneath the 200-day moving average, having slid back beneath it late last week, and is now perched above a support zone comprising the May 29 low of 98.75, along with the 50% retracement of the 2026 low-high at 98.68.
There were two unsuccessful probes beneath the zone back in August, but with the oscillators rolling over, indicating downside momentum is building again, the risk of a downside break appears to be growing, especially with the Japanese yen continuing to strengthen on Tuesday, seeing USD/JPY hit levels not seen since February.
Should the unwind be sustained, it would only add to downside risk for the broader DXY index, especially should the euro join the move.
Gold wedged between key levels
Source: Tradingview
Early gains in Asia have reversed in the latter parts of the session, with the push higher stalling just beneath the confluence of the August downtrend and horizontal resistance at $4,450 an ounce. Those levels are the immediate focal point overhead.
Underneath where the price now trades, $4,367 is the first level on the radar given it acted as support and resistance on multiple occasions going back to the early parts of this year. Further below, the 23.6% Fib retracement of the January to June low-high is located at $4,333 an ounce. Dips beneath that level, down to the early September low of $4,283, have made for good buying over recent months.
The message from the oscillators is one of neutrality. RSI (14) sits just beneath the 50 while MACD is running parallel to the signal line, sitting just in negative territory.
With the technical picture for gold offering little from a directional breakout perspective, dollar performance around the US inflation data on Thursday and Friday may be influential in determining which direction the price shifts next.
Silver triangle points to breakout risk
Source: Tradingview
Like gold, silver has staged a sizable reversal late in the Asian session, mirroring similar price action in Asian tech stocks that opened strongly before gains were slowly whittled away.
From a technical perspective, the price on the four-hourly continues to coil in an ascending triangle, with moves above $67 towards $67.50 resistance capping gains for the moment, while dips towards the uptrend established in early September continue to attract buying.
While ascending triangles are often associated with bullish breakouts, I would not be rushing to establish longs without a clear and sustained push above $67.50, given the iffy price beneath it recently.
The cautious view is only strengthened by the risk of forced yen carry trade unwinds, some of which have likely found their way into the precious metals space, creating the risk of disorderly downside moves across the precious metals complex. Whichever direction the price breaks from the structure may be informative as to where directional risks lie over the medium term.
Overhead, silver struggled underneath $70 in late August, and while there was one bullish breakout that eventually occurred, it stalled at $70.90, a level that acted as support and resistance on multiple occasions going back to late April.
On the downside, $65.50, the September 4 low of $64.75, and $63.30 are the focal points before $62.90 comes into view, another support and resistance level going back to earlier this year.
The message from the oscillators is neutral with RSI (14) sitting at 48 while MACD is flatlining above the signal line, holding just in positive territory. Focus should therefore be on price rather than adoption of a specific directional bias, with DXY gyrations another useful input when assessing potential setups.
Gold prices rose in Philippines on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 8,921.62 Philippine Pesos (PHP) per gram, up compared with the PHP 8,869.37 it cost on Monday.
The price for Gold increased to PHP 104,056.90 per tola from PHP 103,450.60 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,921.62
10 Grams
89,215.74
Tola
104,056.90
Troy Ounce
277,489.70
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in United Arab Emirates on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 523.68 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 521.07 it cost on Monday.
The price for Gold increased to AED 6,108.06 per tola from AED 6,077.69 per tola a day earlier.
Unit measure
Gold Price in AED
1 Gram
523.68
10 Grams
5,236.84
Tola
6,108.06
Troy Ounce
16,288.12
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Pakistan on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 39,601.85 Pakistani Rupees (PKR) per gram, up compared with the PKR 39,392.19 it cost on Monday.
The price for Gold increased to PKR 461,932.20 per tola from PKR 459,462.80 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
39,601.85
10 Grams
396,039.00
Tola
461,932.20
Troy Ounce
1,231,756.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in Malaysia on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 577.89 Malaysian Ringgits (MYR) per gram, up compared with the MYR 575.27 it cost on Monday.
The price for Gold increased to MYR 6,740.38 per tola from MYR 6,709.78 per tola a day earlier.
Unit measure
Gold Price in MYR
1 Gram
577.89
10 Grams
5,778.90
Tola
6,740.38
Troy Ounce
17,974.36
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
The price for Gold stood at 13,492.28 Indian Rupees (INR) per gram, up compared with the INR 13,428.30 it cost on Monday.
The price for Gold increased to INR 157,370.30 per tola from INR 156,625.00 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
13,492.28
10 Grams
134,921.80
Tola
157,370.30
Troy Ounce
419,663.80
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold has snapped a two-day losing streak early Tuesday, staging a decent comeback toward $4,450 after finding strong buyers below the $4,400 level.
Gold looks north as Japanese Yen keeps surgingGold is looking to resume its recovery from four-week lows of $4,283 hit last week, capitalizing on sustained US Dollar weakness across the board.
The US Dollar sits at two-week lows against its six major peers, as the ongoing USD/JPY sell-off counters hawkish bets around the US Federal Reserve’s (Fed) interest rate outlook and Iran’s retaliation warnings.
The Japanese Yen (JPY) extends its rally to seven-month highs versus the Greenback after Japan’s wage growth data and second-quarter Gross Domestic Product (GDP) revision bolstered expectations for a faster pace of the Bank of Japan’s (BoJ) tightening.
This aggressively hawkish BoJ repricing continues to weigh on the USD/JPY pair and the USD, acting as a tailwind for the bright metal.
However, it remains to be seen if Gold sustains its recovery momentum, as Oil prices remain elevated at seven-week highs, keeping inflation concerns and Fed rate hike bets alive.
The black gold stays underpinned by fresh Iranian threats in the Persian Gulf.
Iranian Parliament Speaker Mohammad Baqer Qalibaf warned after the US and Iran traded strikes on shipping over the weekend, "strike our assets, and you get struck."
On Tuesday, Secretary of Iran's Supreme National Security Council, Mohsen Rezaei, reissued dual economic and military threats on X.
Later in the day, Gold could experience volatility as US traders return after the extended weekend and react to the geopolitical headlines, while repositioning ahead of Friday’s US Consumer Price Index (CPI) data release, which could seal in a rate hike next week.
Gold price technical analysis: Daily chart
In the daily chart, XAU/USD trades at $4,425.55, holding a mild bullish bias as it sits above the 50-day and 100-day simple moving averages (SMAs) at roughly $4,255.70 and $4,347.13, respectively, while remaining capped by the 21-day SMA near $4,465.07. The Relative Strength Index (14) around 52 suggests modest positive momentum, hinting that buyers retain the upper hand so long as price holds over the underlying moving-average support band.
On the topside, immediate resistance emerges at the 21-day SMA around $4,465.07, with the longer-term 200-day SMA higher up near $4,536.87 acting as a subsequent barrier if bulls extend the advance. On the downside, initial support is seen at the 100-day SMA near $4,347.13, ahead of the deeper 50-day SMA support zone around $4,255.70, where a break would undermine the current constructive tone and expose a more pronounced corrective phase.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold rally shifts from shock-driven spike to structural convictionAnalysts at Societe Generale argue that Gold has now "entered a new phase of its 2026 bull run," characterised less by short-term speculative flows and more by "broad-based, structural conviction across every category of market participant." What initially "began as a geopolitical shock" has, in their view, "evolved over the following months into something far more durable": a "synchronised build-up of physical, futures, and options exposure" that "now spans retail investors, professional money managers, and derivatives traders alike." This alignment across physical holdings, futures positioning and options strategies underpins their assessment that the current Gold uptrend is being driven by multiple, mutually reinforcing demand channels rather than transient momentum alone.
Inflation FAQs Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.
The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.
Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money.
Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.
Gold started a downside correction from $4,700 and tested the $4,280 support. A bearish trend line is forming with resistance at $4,480 on the 4-hour chart. WTI Crude Oil remained elevated and might continue to rise toward $95.00 or $100.00. EUR/USD started a recovery wave after it found support near 1.1565. Gold Price Technical Analysis Gold failed to surpass $4,700 and corrected gains against the US Dollar. The price dipped below $4,500 before the bulls appeared near $4,280.
The 4-hour chart of XAU/USD indicates that the price formed a lot at $4,282 and recently attempted a recovery wave. The price climbed above $4,400 and $4,450. The price even spiked above $4,480, the 100 Simple Moving Average (red, 4 hours), and the 50% Fib retracement level of the downward move from the $4,696 swing high to the $4,2852 low.
On the upside, immediate resistance could be $4,465. The next major resistance might be $4,480. There is also a bearish trend line forming with resistance at $4,480.
A clear move above $4,480 could open the door for more upside. In the stated case, the bulls could aim for a move toward $4,565 or even $4,580. Any more gains might send the price toward the $4,680 level.
If there is a fresh decline, the price could test the 200 Simple Moving Average (green, 4 hours) at $4,320. The first major support sits at $4,300. The next support could be $4,280, below which the price might slide to $4,220. The main support sits at $4,20. Any more losses might call for a test of $4,050 or even $4,020 in the coming days.
Looking at WTI Crude Oil, the price could stay in a positive zone, and the bulls might aim for a larger move to test $100.00.
Economic Releases to Watch Today
US ADP Employment Change 4-week Average- Forecast 10K, versus 11.75K previous. BoE Monetary Policy Report Hearings. ECB’s Elderson speech.
Titan FXhttp://titanfx.com
Titan FX is a technology driven online ECN forex and commodities broker that provides traders with next generation trading conditions, institutional grade spreads, fast trade execution, deep top tier liquidity and the security of financial registration and oversight.
Societe Generale analysts Michael Haigh and Jeremy Sellem describe a broad-based Gold bull market in 2026, driven by ETFs, futures and options positioning. They highlight strong physical ETF inflows, near-record futures exposure by money managers and a structurally bullish options skew. The report stresses that multiple independent demand channels are reinforcing each other, supporting a constructive stance on Gold over the medium term.
Bullish signals across all channels"Gold has entered a new phase of its 2026 bull run, one defined less by speculative momentum and more by broad-based, structural conviction across every category of market participant. What began as a geopolitical shock, evolved over the following months into something far more durable: a synchronised build-up of physical, futures, and options exposure that now spans retail investors, professional money managers, and derivatives traders alike."
"In August, gold ETFs registered a substantial 201 tonnes of net inflows, marking the third-largest monthly addition on record in tonnage terms after now famous world events: February 2009 and the stimulus package announced by the newly inaugurated Obama administration, and March 2020 with the start of the lockdown for Covid globally. This month's inflow surpassed the strong inflows recorded in March 2022 following Russia's invasion of Ukraine and in September 2012 after the Federal Reserve's announcement of QE3."
"In notional exposure terms (contracts x price x contract size), money managers' net positioning reached the second-largest long exposure on record, behind only January 2026, when gold broke through $5,400/oz to an all-time high. This time, with prices roughly $1,000/oz lower, the scale of the dollar exposure is even more striking: it is no longer simply a price story."
"Overall, investors appear to be pricing near-term uncertainty via puts while steadily building call exposure further out the curve, consistent with a constructive medium-term outlook for gold."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Higher Interest Rates Pressure Gold The jobs report on Friday was an addition of 156,000 jobs, and that was basically triple what was expected. This has rate-hike expectations up to about 60% for next week, and that is quite a bit different than it was. This is a driver that is being focused on by many at the moment.
Higher interest rates really punish non-yielding metals, and you are starting to see some hesitation. This all started not this past Friday, but the Friday before, with Kevin Warsh out at Jackson Hole talking in a very hawkish tone about the US economy.
The market is currently sitting just above the 50-day EMA and the 200-day EMA indicators, and that could cause a little bit of a push in here.
The critical event for this week, more likely than not, should be US CPI numbers. The Fed meeting next week is going to be the real show. But Treasury yields and Fed rate expectations are the real drivers of gold at the moment, which in the short term, remains fairly neutral.
US CPI – GoldAll eyes are on Friday's US CPI report, which will dictate the Federal Reserve’s September 16 rate decision. While August’s 162,000 payroll rebound raised the chances of a rate hike to 59%, central bank leaders stress that inflation data will decide the outcome. A higher-than-expected inflation figure would lock in a quarter-point increase and boost the US dollar, while a cooler reading could keep interest rates on hold and weaken the greenback.
Meanwhile, gold fell toward 4,400 as higher bond yields and rate-hike expectations weighed on non-yielding metals, leaving gold prices equally dependent on the incoming CPI data. A sell-off beneath the 50-day simple moving average (SMA) at 4,350 and, more importantly, below the 4,310 strong support would increase speculation of further decreases toward 4,200.
ECB rate decision – EUR/USDMarkets broadly expect the European Central Bank to raise borrowing costs by a quarter-point to 2.5% this Thursday as rising energy expenses push inflation beyond 3%. While investors anticipate another potential move by December, economists expect this to be the final increase to avoid damaging economic growth, especially with wage expansion slowing and broader inflation remaining muted. The euro's reaction will depend heavily on Christine Lagarde’s press conference, any signal of a December hike could lift EURUSD, whereas a focus on economic risks could push the single currency lower.
Currently, EUR/USD is fluctuating within the 20- and 200-day SMA, slightly above the 1.1600 handle. A successful climb beyond it would endorse another bullish wave, heading toward the 1.1710 barrier. On the other hand, a slide below the 50-day SMA may switch the short-term outlook to negative.
Escalating US-Iran conflict drives oil higher – WTI Crude OilRising Middle East conflict drove crude oil past 92.00 level today, extending last week’s momentum as reciprocal strikes between American and Iranian forces sparked fears of enduring regional supply bottlenecks. US naval forces targeted Iranian oil tankers following missile launches directed at warships, prompting Tehran to declare restricted shipping routes near the critical Strait of Hormuz waterway. In response, OPEC+ chose to halt its monthly output increases by keeping October production levels unchanged, even as prolonged transit hazards forced the cartel to lower its current-year global demand growth forecast to 580,000 barrels daily.
WTI crude oil is ticking marginally higher above the 92.00 region with the next strong resistance coming from the 94.60 barrier. A step up could open the way for a touch of the 99.00 psychological mark, raising the likelihood of a bullish outlook. Alternatively, only a drop below the 200-day SMA at 80.40 could endorse the bearish outlook.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Gold prices fell in Philippines on Monday, according to data compiled by FXStreet.
The price for Gold stood at 8,872.08 Philippine Pesos (PHP) per gram, down compared with the PHP 8,937.06 it cost on Friday.
The price for Gold decreased to PHP 103,481.80 per tola from PHP 104,240.10 per tola on friday.
Unit measure
Gold Price in PHP
1 Gram
8,872.08
10 Grams
88,718.70
Tola
103,481.80
Troy Ounce
275,951.60
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet.
The price for Gold stood at 519.25 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 523.16 it cost on Friday.
The price for Gold decreased to AED 6,056.43 per tola from AED 6,102.06 per tola on friday.
Unit measure
Gold Price in AED
1 Gram
519.25
10 Grams
5,192.50
Tola
6,056.43
Troy Ounce
16,150.53
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet.
The price for Gold stood at 39,216.23 Pakistani Rupees (PKR) per gram, down compared with the PKR 39,509.02 it cost on Friday.
The price for Gold decreased to PKR 457,410.40 per tola from PKR 460,825.40 per tola on friday.
Unit measure
Gold Price in PKR
1 Gram
39,216.23
10 Grams
392,162.30
Tola
457,410.40
Troy Ounce
1,219,744.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices fell in Malaysia on Monday, according to data compiled by FXStreet.
The price for Gold stood at 573.16 Malaysian Ringgits (MYR) per gram, down compared with the MYR 576.80 it cost on Friday.
The price for Gold decreased to MYR 6,685.20 per tola from MYR 6,727.72 per tola on Friday.
Unit measure
Gold Price in MYR
1 Gram
573.16
10 Grams
5,731.58
Tola
6,685.20
Troy Ounce
17,827.21
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Gold fell almost $100 on Friday following surprise surge in US nonfarm payrolls that eased worries of US policymakers and boosted expectations of rate hike on Sep 16 policy meeting.
Upbeat US labor data pushed the metal’s price down to over 2.5% and signals that gold would register the second consecutive weekly closing in red.
The fresh drop also weakened technical picture on daily chart as 14-d momentum is pressuring the centreline and south-heading RSI is entering neutrality zone (50), although MAs remain in mixed setup (30/100 bull-cross vs 10/200 death-cross) signaling that further action to the downside is still needed to verify developing negative signals.
Close below previous significant supports at $4400 zone will be minimum requirement, with extension below daily Kijun-sen ($4358) to strengthen negative structure and expose $4319 (50% retracement of $3942/$4697) which contained several attacks so far, and $4268 (daily cloud top) in extension.
Repeated close below daily Tenkan-sen ($4489) is needed to keep near-term bias with bears.
Markets shift focus to US Aug inflation data (due next Friday) which will provide significant information to the central bank ahead of policy meeting.
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Gold fell almost $100 on Friday following surprise surge in US nonfarm payrolls that eased worries of US policymakers and boosted expectations of rate hike on Sep 16 policy meeting.
Upbeat US labor data pushed the metal’s price down to over 2.5% and signals that gold would register the second consecutive weekly closing in red.
The fresh drop also weakened technical picture on daily chart as 14-d momentum is pressuring the centreline and south-heading RSI is entering neutrality zone (50), although MAs remain in mixed setup (30/100 bull-cross vs 10/200 death-cross) signaling that further action to the downside is still needed to verify developing negative signals.
Close below previous significant supports at $4400 zone will be minimum requirement, with extension below daily Kijun-sen ($4358) to strengthen negative structure and expose $4319 (50% retracement of $3942/$4697) which contained several attacks so far, and $4268 (daily cloud top) in extension.
Repeated close below daily Tenkan-sen ($4489) is needed to keep near-term bias with bears.
Markets shift focus to US Aug inflation data (due next Friday) which will provide significant information to the central bank ahead of policy meeting.
ING’s Warren Patterson and Ewa Manthey highlight that central banks, led by China and Poland, continued net Gold purchases in July, supporting structural demand despite a slower pace than last year. They add that Gold prices rose over 2% after weaker US employment data and comments from Federal Reserve official Christopher Waller suggesting openness to holding rates steady if inflation behaves.
Official demand and Fed rhetoric support"Central banks continued to add to gold reserves in July, reporting net purchases of 23 tonnes, according to World Gold Council data. Emerging market central banks remained the main buyers, led by China and Poland. China's central bank extended its buying streak to 21 consecutive months, adding 20 tonnes."
"Although central bank buying has slowed compared to a year ago, official sector demand continues to provide support for the gold market. Ongoing reserve diversification efforts among emerging economies should help sustain structural demand, even if purchases moderate from recent highs."
"Gold prices rose more than 2% on Thursday following a weaker-than-expected ADP employment report on Wednesday. Comments from US Federal Reserve official Christopher Waller, suggesting he is open to keeping rates on hold at the next FOMC meeting (assuming no surprises on the inflation front), provided an additional boost."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Gold (XAU/USD) trades flat at the $4,470 area on Friday, as the previous two days’ rebound from $4,280 failed to find acceptance above the $4,500 psychological area. US Treasury yields have pulled back from highs as markets reassess the odds for an interest rate in September, but investors remain wary of selling the US Dollar ahead of the release of US Nonfarm Payrolls (NFP) data, due later on the day.
Analysts at OCBC note that gold “rose more than 2% towards $4,510 intra-session high as Waller’s comments prompted markets to pare September Federal Reserve (Fed) hike expectations, pulling UST yields and the USD lower.”
The bank remains constructive on the pair, although they warn that "near-term direction is likely to stay highly sensitive to Fed repricing,” with NFP data seen as a potential driver of yields and the USD, while “next week’s CPI and PPI should be more decisive in determining whether the recent disinflation trend is sufficient to keep the Fed on hold.”
Technical Analysis: Gold nears key resistance at the 200-day SMA
XAU/USD trades at $4,464, still to confirm above a previous support area around $4.470 (August 20 low). Momentum indicators in the daily chart fail to provide a clear view, as the Relative Strength Index (RSI) struggles to take off from the key 50 line, while the Moving Average Convergence Divergence (MACD), still in negative territory, suggests that downside pressure is moderating, rather than fully reversing.
Gold bulls face a string of resistances at the mentioned $4,470 area, the psychological $4,500 level, and especially the 200-day Simple Moving Average (SMA), now at $4,534. This is a very popular indicator for FX traders, and a confirmation above that line would suggest that the correction from $4,690 highs in late August has completed
Bearish attempts, on the other hand, are likely to find support between the August 14 low, at $4,311, and the intra-week low of $4,282. A potential reversal from the 200-day SMA below these levels would confirm a "Head and Shoulders" pattern and add pressure towards the August 6 low of $4,220 and the late July lows near $4,000.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet.
The price for Gold stood at 539.44 Saudi Riyals (SAR) per gram, down compared with the SAR 540.01 it cost on Thursday.
The price for Gold decreased to SAR 6,291.96 per tola from SAR 6,298.62 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
539.44
10 Grams
5,394.04
Tola
6,291.96
Troy Ounce
16,779.33
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.
The price for Gold stood at 39,873.91 Pakistani Rupees (PKR) per gram, down compared with the PKR 39,915.05 it cost on Thursday.
The price for Gold decreased to PKR 465,086.70 per tola from PKR 465,561.30 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
39,873.91
10 Grams
398,744.50
Tola
465,086.70
Troy Ounce
1,240,211.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices fell in Malaysia on Friday, according to data compiled by FXStreet.
The price for Gold stood at 581.11 Malaysian Ringgits (MYR) per gram, down compared with the MYR 581.73 it cost on Thursday.
The price for Gold decreased to MYR 6,777.96 per tola from MYR 6,785.24 per tola a day earlier.
Unit measure
Gold Price in MYR
1 Gram
581.11
10 Grams
5,811.11
Tola
6,777.96
Troy Ounce
18,074.58
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
TL;DR: The Dollar’s selloff this week reflects two separate pressures — a Yen repricing tied to faster BoJ tightening and Fed Governor Waller’s lean toward a September hold — and Gold has rebounded sharply as an indirect beneficiary, with Friday’s NFP now the first test of both fronts at once.
Dollar Faces Two Separate Sources of Pressure Dollar’s selloff this week is being driven by two largely separate forces that have landed in quick succession. First came sharp Yen repricing as markets moved toward a faster BoJ tightening cycle and USD/JPY reversed from 160.38 toward 155. Then on Thursday, Fed Governor Christopher Waller added pressure from US side by leaning toward a September hold if recent disinflation continues. Gold has benefited indirectly from both developments, rebounding strongly after defending a major technical support zone around 4,320.
The distinction matters because this is not a single broad “Dollar bearish” narrative. Yen move reflects changing expectations around Japanese rates and capital allocation, while Waller’s comments affected US rate path directly. Together they have weakened two separate pillars supporting Dollar just as markets head into Friday’s NFP.
Waller Takes Heat Out of September Fed Hike Waller provided fresher catalyst. Speaking Thursday at Reuters NEXT Newsmaker Interview, he said Fed was finally seeing “some signs of disinflation” and that, if improvement continues in data due before September 15–16 FOMC meeting, “I would be inclined to support holding the target for the federal funds rate at its current setting.”
His reasoning was not based on a deteriorating economy. Waller described labor market as being in “satisfactory shape,” with unemployment at 4.1%, historically low layoffs and payroll growth averaging around 60K per month through July. Instead, he focused on improving inflation dynamics. Three-month core inflation has fallen from 4.76% in February to 3.05% through July, which he described as “a considerable improvement.”
That distinction makes Thursday’s repricing important. Market-implied probability of a September hike dropped from roughly 63% on Wednesday to almost an even split by Friday morning. Waller’s remarks coincided with that sharp reduction in hike pricing and extended Dollar weakness already underway.
But his hold preference remains conditional. “If inflation comes in hot, I would consider a rate hike,” Waller said, adding that policy is only slightly restrictive and that it “may not take much acceleration in inflation” to push him back toward tighter policy.
Yen Remains the Larger Weekly Dollar Driver Waller explains why Dollar pressure intensified late in week. Yen explains why decline was already well underway.
USD/JPY has fallen from 160.38 to as low as around 155.28, reflecting a substantial repricing of Japan’s monetary outlook. BoJ board member Hajime Takata’s call for a 2026 monetary-policy “regime change”, combined with his argument that rate hikes should become more nimble and data-dependent, reinforced expectations that BoJ may abandon its previous slow tightening cadence.
OIS pricing now implies around 84% probability of a September hike and roughly 96.5bp of cumulative tightening over coming 12 months, close to four quarter-point moves.
GPIF speculation added another Yen-positive dimension this week. An unusual August meeting reopened discussion over strategic asset allocation just months after an earlier review concluded changes were unnecessary, fuelling speculation that Japan’s giant pension fund could eventually raise its domestic allocation as JGB yields climb to multi-decade highs.
This Japan story has already been covered in more depth in USD/JPY Slides Toward 155 as GPIF Speculation Fuels Yen Rally and USD/JPY Tumbles Under the Shadow of Intervention, Faces Asymmetric NFP Test. For current Dollar setup, key point is simpler: Waller extended this week’s decline, but Yen created it.
DXY Rejection Keeps Broader Decline Intact Dollar Index technicals reflect those combined pressures.
Rebound from 98.55 to 99.86 appears to have completed as a corrective move after rejection near a strong resistance cluster. 99.79 marks 38.2% retracement of decline from 101.80 to 98.55, while 55-day EMA sits around 99.80.
Sharp rejection from that area keeps fall from 101.80 intact. Further downside is favored while 55 4H EMA near 99.33 caps recovery.
A firm break of 98.55 would resume decline towards 97.93, the 61.8% retracement of 95.55 to 101.80. Conversely, sustained recovery above 4H EMA would argue that sideways consolidation from 98.55 is extending rather than immediate bearish continuation.
That makes Friday NFP an unusually clean technical trigger.
Gold Rebounds Without Needing a Gold-Specific Catalyst Gold has been indirect beneficiary.
There has been no clear new Gold-specific fundamental catalyst behind this week’s rebound. Rather, simultaneous weakening in Dollar from Yen repricing and softer Fed expectations has relieved one of major pressures on metal.
Technically, rebound has been significant. Gold’s decline from 4,697.07 extended to 4,282.23, but price defended a key structural area around 4,319.75–4,324.23. That zone combines 50% retracement of advance from 3,942.43 to 4,697.07 at 4,319.75 with prior structural support at 4,324.23.
Gold has since rebounded decisively through 55 4H EMA near 4,462.10, strengthening case that fall from 4,697.07 completed as a correction rather than beginning of a larger reversal.
As long as 4,418.20 minor support holds, further rally toward 4,697.07 is favored. A break there would reopen prospect of resuming broader rise from 3,942.43. Whether that happens could depend partly on DXY: a decisive break below 98.55 would strengthen Gold’s upside case considerably.
Below 4,418.20, attention would return to 4,319.75–4,324.23 support.
NFP Is First Common Test of Both Dollar Pressure Fronts Friday’s August employment report is first major event capable of testing both sources of Dollar weakness simultaneously. Consensus centers on 58K payroll growth, unemployment at 4.1%, and average hourly earnings rising 0.3% m/m.
July provided a weak starting point. Payrolls fell -23K, while unemployment’s decline to 4.1% came alongside a drop in labor-force participation to 61.4%, rather than an unequivocal strengthening in employment conditions.
A weak NFP would reinforce Fed side of Dollar decline by reducing pressure for a September hike and likely pulling Treasury yields lower. That would put DXY 98.55 under renewed pressure and provide Gold with another tailwind. It could also deepen USD/JPY decline as Fed-BoJ policy convergence becomes more pronounced.
A strong report would work in opposite direction, rebuilding September hike expectations, supporting yields and challenging Gold’s recovery. But it would not erase Japan story. BoJ tightening expectations and Yen-positive capital-flow speculation would remain intact, making Dollar response potentially less straightforward than before this week’s USD/JPY reversal.
There is also a final complication from Waller himself. Despite NFP’s billing as week’s key event, he explicitly said he expects employment data to deliver broadly “more of the same” and indicated his September vote will be more heavily influenced by inflation data still to come.
So payrolls can strongly move Dollar, Yen and Gold today without necessarily settling Fed decision. NFP is first test of both fronts squeezing Dollar—but August inflation may still determine whether that squeeze becomes durable.
Key Takeaways The Dollar’s decline reflects two separate pressures: a Yen repricing tied to faster BoJ tightening (USD/JPY from 160.38 to 155) and Waller’s lean toward a September hold. Waller’s comments coincided with September hike odds dropping from roughly 63% to near an even split, though his hold preference stays conditional on continued disinflation. Gold has no new gold-specific catalyst behind its rebound — it defended the 4,319.75-4,324.23 support zone and is benefiting indirectly from broad Dollar weakness. DXY’s rejection near 99.79-99.80 resistance keeps the broader decline from 101.80 intact, with a break of 98.55 opening 97.93 next. Friday’s NFP (consensus 58K) is the first test of both Dollar pressure fronts at once, though Waller himself signaled his September vote hinges more on upcoming inflation data.
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.
Spot gold daily chart shows larger trend structure. Source: TradingView Next Test Could Shift Long-Term Outlook Altogether, recent technical signals show the possible beginning of an uptrend. If gold can now rise above and stay above the 200-day moving average near $4,534, the long-term picture should improve. That would likely lead to a continuation of the current advance above last week’s high of $4,697, thereby triggering a continuation of the developing advance.
ABCD Pattern Points Toward $4,984 With a new swing low, a potential rising ABCD pattern has formed, which shows an initial 100% projected target near $4,984. That is where there will be symmetry in price between the two legs up from the recent bottom. Typically, that projection identifies a minimum resistance target derived from the rising ABCD pattern. Given the potential upside indicated by the pattern, two lower targets become more likely to be reached.
There is the 50% retracement of the prior full decline at $4,771, and the 61.8% Fibonacci retracement at $4,852. Both of those areas are reinforced by a prior lower swing high, with the higher level showing greater significance given the series of lower swing highs in the prior downtrend.
The last two trading sessions have been particularly important for gold's price action in the short term. XAU/USD has gained more than 3.7% during this period, once again highlighting a meaningful bullish bias around the precious metal. For now, this recovery has been driven mainly by weakness in both the U.S. dollar and the bond market ahead of tomorrow's NFP release. Both markets remain important alternatives to gold, and their recent pullback appears to be allowing demand for the metal to recover. As long as this dynamic remains in place, buying pressure could continue to play an important role during the coming sessions.
How Is the Market Reacting Ahead of NFP?
Tomorrow, markets will focus on the release of the U.S. Non-Farm Payrolls (NFP) report, which measures changes in non-agricultural employment during August. Current expectations point to the creation of around 55,000 new jobs, a figure that would represent an improvement compared with July's reading, when approximately 23,000 jobs were lost.
However, beyond the headline number itself, what truly matters is the potential impact this report could have on the Federal Reserve's next monetary policy decision. At the moment, there is still no clear consensus regarding how the central bank will proceed at its mid-September meeting. While a more aggressive Fed was the dominant expectation just weeks ago, recent comments from policymakers have begun to support a more cautious approach.
Officials such as John Williams have indicated that they prefer to remain in a wait-and-see mode, highlighting that recent inflation data has been more encouraging. At the same time, Christopher Waller has suggested that he would support leaving rates unchanged if inflation continues to show signs of moderation.
This has increased uncertainty heading into the NFP report, as markets increasingly view the release as a potentially decisive factor for September's policy decision. In fact, CME Group probabilities currently show an almost evenly split scenario, with approximately 49% odds of rates remaining unchanged versus 51% odds of a rate increase. This reflects a decline in conviction around the idea of a clearly more hawkish Federal Reserve.
This uncertainty has already begun affecting markets that compete directly with gold. Both U.S. Treasuries and the dollar have reacted to recent Fed comments and to expectations surrounding the NFP release.
On one hand, 10-year Treasury yields have retreated from recent highs near the 4.8% area. On the other, the DXY Index, which measures the U.S. dollar against its major peers, has also moved back below the 99-point level. This highlights how sensitive both markets remain to monetary policy developments and suggests that investors are beginning to price in a less aggressive Fed scenario.
Source: Trading Economics
In this environment, the current dynamic remains particularly important for gold because weakness in alternative markets often supports a recovery in demand for the precious metal. This relationship becomes evident when comparing gold's performance with the DXY Index, where periods of dollar weakness continue to coincide with stronger price action in gold.
In addition, the correlation coefficient between both markets remains close to -0.93, reflecting a strong inverse relationship over the past 100 trading sessions. This suggests that continued dollar weakness may remain supportive of the recovery currently underway in gold. It is important to remember that correlation coefficients can change over time.
Source: TVC, StoneX, Tradingview
Against this backdrop, market attention will likely remain focused on how the Federal Reserve responds to tomorrow's labor market data. If job creation proves weaker than expected, the relative attractiveness of both bonds and the U.S. dollar could continue to decline, potentially extending buying pressure around XAU/USD. Conversely, if employment data shows significant strength, markets may begin reconsidering a more hawkish Fed outlook, which could push gold into a broader period of consolidation toward the end of the week.
Gold Technical Outlook
Source: StoneX, Tradingview
Trendline Continues Attempting to Hold: Recent gold price action continues to defend a long-term bullish trendline that remains one of the most important technical structures on the chart. As long as buying pressure remains stable and prices continue breaking through important technical barriers, a more established uptrend could begin to develop over the coming weeks.
RSI: The RSI has moved back above the neutral 50 level, signaling that average buying momentum is beginning to regain relevance within the market. If this dynamic continues to develop, the bullish bias could continue gaining importance in the short term.
MACD: However, it is also important to note that the MACD histogram continues to fluctuate near the neutral 0 line. This suggests that a degree of balance still exists within the average strength of short-term moving averages and indicates that the broader neutral environment has not disappeared completely from the chart.
Key Levels to Watch:
$4,530 – Critical Resistance: An important upside barrier that coincides with the 200-period Simple Moving Average. A sustained close above this level could begin to change the recent market structure and create room for stronger buying pressure during the coming sessions.
$4,332 – Nearby Barrier: An equilibrium area that has contained a large portion of price action over the last two weeks. It remains an important reference level for potential pullbacks and, as long as prices continue developing around this zone, a sideways environment could remain a relevant feature of the market.
$4,200 – Critical Support: This level coincides with the 50-period Simple Moving Average. Price action returning toward this area could begin to challenge the bullish structure that has developed recently and potentially open the door to a more dominant bearish bias in the weeks ahead.
Written by Julian Pineda, CFA, CMT – Market Analyst
Key Takeaways Gold.com says softer precious-metals demand persisted through the first two months of fiscal 2027.Tether is adding storage, trading and lease volume for Gold.com, though at lower margins.Gold.com aims to deploy Tether leases over six to nine months while integrating Sunshine Minting. Gold.com, Inc. (GOLD - Free Report) used its fiscal Q4 2026 earnings call to emphasize softer precious-metals demand after a strong third quarter, with the slowdown continuing into the first two months of fiscal 2027. CEO Gregory Roberts said the business remains healthy.
Management also focused on Tether, metal-lease deployment, M&A and Sunshine Minting integration.
GOLD Faces a Softer Start to Fiscal 2027Roberts said demand began slowing from mid-March into early April, persisted through fiscal Q4 and continued through the first two months of fiscal Q1 2027. Higher interest rates were also weighing on gold and silver prices, while retail dip-buying remained muted.
CFO Cary Dickson said fiscal Q4 revenues rose 99% year over year to $5 billion and gross profit increased 35% to $110.3 million, while EBITDA declined 3% to $28.2 million.
Reported earnings of $0.83 per share missed the Zacks Consensus Estimate of $0.96 by 13.50%. Revenues of $5 billion missed the consensus mark of $7.76 billion by 35.5%.
Gold.com Sees Tether Scaling at Lower MarginsA ROTH Capital Partners analyst asked how Tether contributed during the quarter. Roberts said Gold.com is providing storage, trading and precious-metal lease services, adding volume but at lower margins.
Roberts said current lease and storage positions are at multiples of the levels disclosed when the relationship was announced. He described fiscal Q4 as an early period for developing the partnership.
A Canaccord Genuity analyst pressed for more detail on scale. Roberts would not quantify further, but said the companies are exploring additional opportunities, including digital products.
GOLD Targets Better Lease DeploymentA Northland Capital Markets analyst asked when financing savings tied to Tether would emerge. Roberts said Gold.com had not yet recognized some savings as metal leases increase and reliance on its dollar credit facility declines.
Roberts said the market returned to contango after backwardation eased as prices fell in March and April. Excess leases can create added costs when they are not matched against inventory that requires hedging.
Over the next six to nine months, management’s priority is to deploy the Tether leases and earn returns above related costs. Roberts said the benefits should take a couple of quarters to become more visible.
Gold.com Keeps M&A and Dividends at PlayA Maxim Group analyst asked about capital allocation after the company declared a $1 special dividend while maintaining its $0.20 quarterly dividend. Roberts said Gold.com remains committed to the regular dividend and may return more capital after exceptional periods.
On repurchases, Roberts said management would consider buying shares when the market price offers a discount to book value. He referenced book value approaching $1 billion.
Roberts also said the company’s active M&A posture is not slowing. Short-term market slowdowns, he added, can create acquisition opportunities as potential sellers become less satisfied with their performance.
GOLD Looks to Retail and Collectibles for GrowthA D.A. Davidson analyst asked about major retailers and new channels. Roberts said the Costco business remains strong and highlighted Gold.com’s ability to support it through minting, logistics and trading.
He also pointed to newer digital retail platforms using social media and gamification to sell bullion and collectibles. Management sees those channels as a way to reach younger customers as new customer acquisition has slowed.
A Canaccord analyst asked about collectibles. Roberts said Stack’s Bowers was in one of its largest auction weeks, with more than $50 million of products expected to sell over five to six days. Sports cards remain another area for expansion.
Gold.com Stays Focused on IntegrationRoberts framed fiscal 2027 around integrating acquisitions, optimizing the platform and capturing synergies from Sunshine Minting. He said Sunshine expands production capacity and supports Gold.com’s ability to serve sovereign mints and its own brands.
Management remained confident on long-term growth but cautious about near-term demand. The call emphasized flexibility across retail, wholesale, lending, minting and M&A rather than evenly distributed quarterly performance.
GOLD’s Zacks Signals Remain BalancedGOLD currently carries a Zacks Rank #3 (Hold), a more neutral near-term earnings-revision signal than the stronger Zacks Rank #1 or #2 categories.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It has a Value Score of A, Growth Score of A, Momentum Score of B and VGM Score of A.
The A and B Style Scores are favorable readings, while the VGM Score combines value, growth and momentum characteristics. Style Scores are designed to complement the Zacks Rank, not replace it. The Zacks Rank can change as analysts revise estimates after the just-reported results.
Gold (XAU/USD) extends its rebound on Thursday after slipping below $4,300 to a nearly four-week low on the previous day. A sharp rally in the Japanese Yen (JPY) weighs on the US Dollar (USD), helping the precious metal regain ground. At the time of writing, XAU/USD trades around $4,425, up 0.87% on the day.
The Yen strengthens across the board for the second consecutive day. USD/JPY fell nearly 1% on Wednesday and is down around 1.50% at press time, trading near 156.35, its lowest level since August 3. The rapid move has raised speculation over another round of currency intervention or a rate check. However, Japanese authorities have not confirmed either.
The US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, trades around 99.26, near a one-week low, after reaching 99.86 on Wednesday, its highest level since August 14.
A weaker US Dollar is generally positive for Gold. Still, it may not be enough to drive a stronger recovery in the yellow metal, as several near-term headwinds remain in place, even though the longer-term outlook stays supported by strong central bank purchases and investment demand.
Government Bond yields have climbed to multi-year highs across major economies as fiscal and inflation concerns deepen. Elevated Oil prices linked to the war in the Middle East are also adding to inflation expectations. The benchmark 10-year US Treasury yield trades around 4.78% after pulling back modestly from 4.81%, its highest level since October 2023. Rising yields increase the opportunity cost of holding non-yielding assets such as Gold.
Hawkish Federal Reserve (Fed) expectations pose an additional challenge, as Gold typically performs better when interest rates are low. According to the CME FedWatch Tool, traders are pricing in around a 60% chance that the US central bank will raise interest rates at its September 15-16 meeting.
Taken together, these factors could make it difficult for Gold to attract strong buying interest. Buyers may also avoid placing aggressive bullish bets ahead of Friday’s United States Nonfarm Payrolls (NFP) report, which could significantly influence expectations for the Fed’s next policy move.
Thursday’s US economic calendar features the weekly Initial Jobless Claims and the August ISM Services Purchasing Managers Index (PMI).
Technical analysis: XAU/USD tests $4,450 as buyers regain ground
XAU/USD holds above the 50-day and 100-day Simple Moving Averages (SMAs), keeping the near-term outlook constructive. The Relative Strength Index (RSI) on the daily chart stands near 52, indicating neutral momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) displays red histogram bars and remains in negative territory, suggesting that recovery attempts could remain choppy while Gold trades below the longer-term trend barrier at the 200-day SMA.
On the upside, immediate resistance is located at the horizontal level of $4,450, followed by the 200-day SMA at $4,533 and the $4,700 mark. On the downside, the psychological level of $4,400 offers initial support ahead of the 100-day SMA at $4,357 and the 50-day SMA at $4,231. A deeper decline could bring the horizontal support level of $4,000 into focus.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Gold prices rose in Philippines on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 8,911.43 Philippine Pesos (PHP) per gram, up compared with the PHP 8,814.83 it cost on Wednesday.
The price for Gold increased to PHP 103,940.70 per tola from PHP 102,814.50 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,911.43
10 Grams
89,113.88
Tola
103,940.70
Troy Ounce
277,176.60
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices rose in United Arab Emirates on Thursday, according to data compiled by FXStreet.
The price for Gold stood at 523.79 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 518.04 it cost on Wednesday.
The price for Gold increased to AED 6,109.41 per tola from AED 6,042.34 per tola a day earlier.
Unit measure
Gold Price in AED
1 Gram
523.79
10 Grams
5,237.94
Tola
6,109.41
Troy Ounce
16,291.74
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold.com, Inc. (Gold) Q4 2026 Earnings Call September 2, 2026 4:30 PM EDT
Company Participants
Gregory Roberts - CEO & Director
Cary Dickson - Executive VP & CFO
Thor Gjerdrum - President
Conference Call Participants
Michael Baker - D.A. Davidson & Co., Research Division
Thomas Forte - Maxim Group LLC, Research Division
Andrew Scutt - ROTH Capital Partners, LLC, Research Division
Brian McNamara - Canaccord Genuity Corp., Research Division
Gregory Gibas - Northland Capital Markets, Research Division
Presentation
Operator
Good afternoon, and welcome to Gold.com's conference call for the fiscal fourth quarter ended June 30, 2026. My name is Matthew, and I'll be your operator this afternoon. Before this call, Gold.com issued its results for the fiscal fourth quarter and full year 2026 in a press release, which is available in the Investor Relations section of the company's website at www.gold.com. You can find the link in the Investor Relations section at the top of the homepage.
Joining us for today's call are Gold.com's CEO, Greg Roberts; President, Thor Gjerdrum; and CFO, Cary Dickson. Following their remarks, we'll open the call for your questions. Then before we conclude the call, I'll provide the necessary cautions regarding the forward-looking statements made by management during this call. I'd like to remind everyone that this call is being recorded and will be available for replay via a link available in the Investor Relations section of Gold.com's website.
Now I'd like to turn the call over to Gold.com's CEO, Mr. Greg Roberts. Sir, please proceed.
Gregory Roberts
CEO & Director
Thank you, Matthew, and good afternoon to everyone. Thank you for joining our call today. Our fourth quarter results reflect our strategic execution and further demonstrate our strong value proposition as we continue leveraging the breadth of our capabilities across our fully integrated platform. Our results are reflective of the economic and geopolitical
VANCOUVER, Canada, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce the promotion of Oscar Armando González Peña to Vice President, Exploration, as well as the promotion of Melvin Herdrick to Senior Vice President, Mexico.
For the past nine years, Oscar González has served as Exploration Manager and Chief Geologist at Sonoro Gold, contributing significantly to the delineation of the mineral resource at the Company’s flagship Cerro Caliche gold project. His extensive expertise of the region’s geology and epithermal systems has been critical to the project’s recent concession acquisitions and advancement of the current drilling campaign.
Mr. González has 23 years’ experience in mineral exploration including project management, resource evaluation, permitting and community relations. Prior to joining Sonoro Gold, he was involved in the geological exploration and resource development for multiple mineral projects held by Fresnillo plc, Kimber Resources, Yamana Gold Inc, and Premier Gold Mines.
Mel Herdrick has been promoted to Senior Vice President, Mexico after serving as Vice President, Exploration since 2018. Mr. Herdrick has over 50 years’ experience as a professional geologist with a strong background in evaluating the technical feasibility of mineral deposits.
Prior to joining Sonoro Gold, Mr. Herdrick served as chief geologist at Phelps Dodge and Vice-President, Geology at Pediment Gold Corp. where he led discovery and exploration programs on multiple gold, silver and copper sites throughout Mexico.
About Sonoro Gold Corp.
Sonoro Gold Corp. is a publicly listed exploration and development Company holding the development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.
To keep up-to-date on Sonoro’s developments, please join our online communities on
X,
Facebook,
LinkedIn,
Instagram, and
YouTube and visit Sonoro’s
website and subscribe to receive the latest news and updates delivered straight to your inbox.
On behalf of the Board of SONORO GOLD CORP.
Per: “Kenneth MacLeod”
Kenneth MacLeod
President & CEO
For further information, please contact:
Sonoro Gold Corp. - Tel: (604) 632-1764
Email:
[email protected] Statement Cautions:
This press release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, permitting for and viability of a proposed open-pit, heap leach mining operation at Cerro Caliche, all as part of the future plans and objectives of the Company, constitute forward looking information that involve various risks and uncertainties, including statements regarding project permitting and the Company’s intention to develop and operate the proposed Cerro Caliche gold mine. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective" and similar expressions, or that events or conditions "will", "would", "may", "can”, "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavorable exploration and test results, the lack of sufficient future financing to carry out exploration and development plans and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.”
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
