⛏ Gold Nears $3,700 on Jobs Miss

Gold nears record $3,700/oz level as weak U.S. jobs data fuels rate-cut bets
Data showed U.S. job growth weakened sharply in August while the unemployment rate increased to 4.3%, confirming that labor market conditions were softening. Traders are now betting an 86% chance of a 25-basis-point rate cut and a 14% chance of a 50 basis-point cut in September. Read on »

Central Bank Gold Buying Slowed in August
Higher gold prices have put a damper on central bank gold buying, but the World Gold Council still categorized August purchases as “firm.” Globally, central banks added 10 tonnes of gold to their reserves in August. Central banks globally added 166 tonnes of gold to their reserves in Q2. That was a 33% QoQ decline and the lowest quarterly demand since Q2 2022. However, gold buying was still 41% above the quarterly average that was typical between 2010 and 2021. Read on »

The 3 “Tells” That Will Move Energy Stocks Before Any Handshake Does
Trump just forced Putin to the negotiating table. Not with missiles or sanctions, but with a threatened 100% tariff on Indian goods. The whole story is hiding in three simple charts that most investors haven’t connected yet. Read on »

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