ProShares Ultra Gold

UGL provides 2x the daily performance of gold, as measured by the price of COMEX gold futures contracts.

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Gold futures fell Friday and were on track for a weekly decline as a 75 basis point interest rate rise by the Federal Reserve next month looked to be locked in the wake of higher than expected consumer price inflation in September in data published Thursday.

Gold on track for weekly loss as traders eye Fed rate hikes

GraniteShares Gold Shares

Invesco DB Precious Metals Fund

Aberdeen Standard Gold ETF Trust

The CPI data confirmed that the overall strength in prices is staying higher, which gives the Fed the greenlight to keep raising rates aggressively.

Gold Price Fundamental Daily Forecast – Gains Likely to be Capped with No Fed Pivot in Sight

Gold futures ended Thursday with a modest loss after U.S. data showed a stronger than expected September inflation reading. “Recent gold price movements remain highly correlated to inflation expectations, not current inflation levels,” and Thursday's consumer price index print increases the odds for continued Federal Reserve tightening, said Tom Hainlin, global investment strategist at U.S. Bank Wealth Management.

Gold prices end slightly lower after a stronger than expected U.S. inflation reading

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(Kitco News) - Gold and silver prices are modestly lower in midday U.S. trading Thursday but have made a solid rebound from early-morning losses following another hot U.S. inflation report.

Gold, silver recover most of sharp, early losses

Gold markets have initially tried to rally on Thursday but then got hammered as the CPI numbers in the United States came out twice as hot as anticipated.

Gold Price Forecast – Gold Markets Plunge After Hot CPI

(Kitco News) - Gold and silver prices are lower in early U.S. trading Thursday, following another hot U.S. inflation report. The precious metals are seeing selling pressure after the U.S. dollar index rebounded from overnight losses and U.S. bond yields have up-ticked following the report.

Price pressure on gold, silver after another hot U.S. inflation report

(Kitco News) - Gold price have dropped sharply into negative territory as U.S. consumer prices rise more than expected in September, raising prospects that the Federal Reserve will maintain its aggressive monetary policy stance through the rest of the year.

Gold prices drop sharply as U.S. CPI rises 0.4% in September

Gold and silver prices edged up early Thursday as Treasury yields slipped while investors awaited the release of the U.S. September consumer price inflation data.

Gold, silver advance as investors await September inflation reading

Yesterday's Producer Price Index release has been higher than expected at +0.4% m/m. Today we will get the important Consumer Price Index release at 8:30 a.m.

Daily Gold Update: Thursday, October 13 – Gold Extends Consolidation Ahead of Inflation Data

Today's CPI report, due to be released at 12:30 GMT, is expected to offer further clarity on the Federal Reserve's rate hike trajectory.

Gold Price Fundamental Daily Forecast – Hot CPI Reading Could Mean More Pain for Investors

(Kitco News) - Gold is down 8% year-to-date, and there might not be enough momentum to reverse course this year. But that's only the case for gold priced in U.S. dollars, according to Pepperstone's head of research Chris Weston. Here are the currencies that should be on your radar.

Gold is a 2023 story, but these are the currencies to buy it in right now

(Kitco News) - The gold market remains under pressure but is not seeing any new price action as the Federal Reserve remains committed to tightening its monetary policy to cool down the growing inflation threat.

Gold prices remain down as Fed remains committed to reducing inflation even as economy slows - FOMC minutes

Gold futures settled with a loss on Wednesday, as a rise in U.S. Treasury yields and strength in the dollar prompted prices to give back most of their gain from a day earlier. The precious metal is influenced by bond yields, and any messaging on interest rates and the "attempt to rein in inflation" from the Federal Reserve," said Jeff Wright, chief investment officer at Wolfpack Capital, adding that the U.S. dollar has also been impacted by the Fed and interest rates.

Gold futures end lower on strength in U.S. Treasury yields and the dollar

(Kitco News) - Gold and silver prices are lower in midday U.S. trading Wednesday and feeling the heat of recently bearish outside markets that include rising U.S. bond yields and a strong U.S. dollar index.

Gold, silver down on technical selling, bearish outside market elements

Gold markets have been relatively quiet during the trading session on Wednesday, as we can see that the market is still dancing around the $1680 level.

Gold Price Forecast – Gold Markets Stagnate

(Kitco News) - The gold market remains under pressure but is largely ignoring the ongoing inflation threat as producer prices rise more than expected in September.

Gold prices remain under pressure as U.S. PPI rises 0.4% in August

(Kitco News) - Gold and silver prices are lower in early U.S. trading Wednesday as rising U.S. Treasury yields continue to pull away investor demand for the safe-haven metals.

Price pressure on gold silver as U.S. bond yields march higher

Gold and silver prices slipped on Wednesday as U.S. Treasury yields edged higher, with the yield on the 10-year note nearing 4%.

Gold, silver slip as 10-year Treasury yield nears 4%

Today we will get the important Producer Price Index release at 8:30 a.m. and the FOMC Meeting Minutes release at 2:00 p.m.

Daily Gold Update: Wednesday, October 12 – Gold Price Going Sideways Ahead of Economic Data

(Kitco News) - The U.S. economy continues to lose momentum and the threat of a recession continues to grow; however, the Federal Reserve will continue to tighten its monetary policies, which could keep gold prices lower for longer, according to one precious metal firm.

U.S. economy is slowing, but the Fed will continue to raise rates, keeping gold prices down - Heraeus

(Kitco News) - As expected, hedge funds have significantly pared back their short bets in gold, but are reluctant to take any major bullish position, according to the latest data from the Commodity Futures Trading Commission.

Short covering drives gold prices as bullish hedge funds mostly sit on the sidelines

(Kitco News) - Gold prices are higher in midday U.S. trading Tuesday, on short covering in the futures market and some bargain hunting and/or safe-haven demand in the cash market.

Gold gains on short covering, bargain buying, pullback in USDX

Gold markets have bounced just a bit during the trading session on Tuesday, but we are starting to see the US dollar pickup strength again, which is a bad sign.

Gold Price Forecast – Gold Markets Look for Support

Today's early reversal is probably related to the start of position-squaring and profit-taking ahead of Thursday's U.S. consumer inflation report.

Gold Price Futures (GC) Technical Analysis – Could Strengthen Over $1680.50, Weaken Under $1666.70

(Kitco News) - Gold prices are slightly higher in early U.S. trading Tuesday, on some mild short covering in the futures market and timid bargain hunting and/or safe-haven demand in the cash market. December gold was last up $2.60 at $1,677.80 and December silver was down $0.10 at $19.52.

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