Mint State Gold

The Gold market may not be ready to break out to the upside as it encounters initial resistance at $4,200 an ounce, but there is still optimism among analysts as prices manage to hold support above $4,100 an ounce ahead of the weekend.,, Neils Christensen

– China ramped up its gold purchases in September as bullion prices declined, recording the largest monthly increase in its official reserves in three years, the People’s Bank of China announced on Wednesday... Ernest Hoffman

Spot Gold prices are sharply higher and spot silver prices are also solidly higher in early U.S. trading Friday, as a softer U.S. dollar, easing Treasury yields and a pullback in oil prices helped metals recover from this week’s rate- and energy-driven selloff. At the time of writing, spot Gold was trading near $4,184.80 an ounce, up 1.27% on the session, while spot silver was trading near $60.440, up 2.32%... Kitco NewsWire

For most of modern history, the Gold trade worked one way: emerging-market mines dug it up, shipped it out (often as cheap ore, more often through the back door), and London and New York did the rest. But that arrangement is now quietly breaking down... ZeroHedge

By almost every traditional correlation, gold should be substantially lower than it is today. . . . Neils Christensen

Central banks are buying—and moving—more Gold than ever before... Mark Nayler

China’s gold imports hit a monthly high in August . . . . Ernest Hoffman

Spot Gold prices were modestly firmer and spot Silver prices were sharply higher in late U.S. trading Tuesday, as lower oil prices eased the immediate inflation shock from the Strait of Hormuz while Treasury yields and a firm U.S. dollar kept Gold’s upside contained... Kitco NewsWire

Goldman Sachs kept its end-2027 gold forecast at $5,400 an ounce despite this week's Fed hike, saying tighter policy will slow the rally but not derail it. Gold ticked above $4,355 on Friday on a softer dollar and lower oil prices... Eamonn Sheridan

The Financial Times reports that China’s holdings of US Treasuries are now at their lowest level since 2008. . . . . Callum Newman