{"id":138827,"date":"2024-10-25T08:56:22","date_gmt":"2024-10-25T08:56:22","guid":{"rendered":"https:\/\/kinesis.money\/?p=138827"},"modified":"2024-10-25T08:56:24","modified_gmt":"2024-10-25T08:56:24","slug":"gold-hovers-near-record","status":"publish","type":"post","link":"https:\/\/kinesis.money\/es\/market-analysis\/gold-news\/gold-hovers-near-record\/","title":{"rendered":"Gold Price News: Gold Hovers Near Record Peaks"},"content":{"rendered":"\n

Gold prices posted a modest rebound on Thursday after Wednesday\u2019s pullback from all-time highs.<\/p>\n\n\n\n

Prices edged higher to $2,743 an ounce on Thursday, compared with a low of $2,724 an ounce on Wednesday.<\/p>\n\n\n\n

Wednesday saw gold prices hit a fresh all-time high of $2,758 an ounce before falling back later in the day. Thursday\u2019s action shows that gold is comfortably trading at well above the $2,720 an ounce mark for the time being and remains supported by the current environment of falling interest rates and elevated geopolitical risk.<\/p>\n\n\n

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\"gold
Gold KAU\/USD 1-hourly Kinesis Exchange<\/figcaption><\/figure>\n<\/div>\n\n\n

US jobless claims come in below expectations<\/h2>\n\n\n\n

US initial jobless claims figures for the week ending October 19 came out on Thursday showing a fall of 15,000 from the previous week to 227,000, well below market expectations of around 242,000. The figures point to a slightly stronger-than-expected US labour market and may have been taken as a sign that further loosening of monetary policy is less urgent. This may have contributed to gold\u2019s easing back later on Thursday from the earlier intraday highs.<\/p>\n\n\n\n

Kazan summit underlines cross-border payments system<\/h2>\n\n\n\n

Amid recent speculation over the launch of a possible BRICS currency at an international summit this week in Kazan, southern Russia, Russian President Vladimir Putin was quoted as saying Russia was not seeking to reject the US dollar, but rather to seek alternative methods of payment if the situation requires it.<\/p>\n\n\n\n

The idea of a BRICS currency has garnered interest in recent months over the possibility that it could be partially backed by gold. Putin\u2019s comments come in the context of sanctions against Russia which have restricted the country\u2019s access to global financial systems dominated by the dollar. Some members of the bloc are understood to be opposed to efforts to de-dollarize the global economy. The outcome of the Kazan summit appeared to place more emphasis on a common cross-border payments system, rather than a new BRICs currency.<\/p>\n\n\n\n

Economic data to watch out for<\/h2>\n\n\n\n

Friday will see the release of US durable goods orders for September, followed by the Michigan consumer sentiment figures for October, for the latest snapshot on the health of the US economy.<\/p>\n\n\n\t\t\t

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Frank\u2019s experience<\/a> covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
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Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold prices posted a modest rebound on Thursday after Wednesday\u2019s pullback from all-time highs. Prices edged higher to $2,743 an ounce on Thursday, compared with a low of $2,724 an ounce on Wednesday. Wednesday saw gold prices hit a fresh all-time high of $2,758 an ounce before falling back later in the day. Thursday\u2019s action […]<\/p>\n","protected":false},"author":50,"featured_media":138861,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[215],"tags":[],"class_list":["post-138827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"acf":[],"yoast_head":"\nGold Price News: Gold Hovers Near Record Peaks - Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' gold price news analysis for today, Friday 25th of October 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Price News: Gold Hovers Near Record Peaks\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' gold price news analysis for today, Friday 25th of October 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/gold-news\/gold-hovers-near-record\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-25T08:56:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-25T08:56:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/10\/gold-news-feature-Gold-Hovers-Near-Record-Peaks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1058\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Discover Kinesis' gold price news analysis for today, Friday 25th of October 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-hovers-near-record\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-hovers-near-record\\\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Gold Price News: Gold Hovers Near Record Peaks\",\"datePublished\":\"2024-10-25T08:56:22+00:00\",\"dateModified\":\"2024-10-25T08:56:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-hovers-near-record\\\/\"},\"wordCount\":364,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-hovers-near-record\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/gold-news-feature-Gold-Hovers-Near-Record-Peaks.jpg\",\"articleSection\":[\"Gold News\"],\"inLanguage\":\"es\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-hovers-near-record\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-news\\\/gold-hovers-near-record\\\/\",\"name\":\"Gold Price News: Gold Hovers Near Record Peaks - 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