From BigGo Finance · BigGo Finance · · 1m 20s
Gold and crude rebound on falling yields and weaker dollar
Gold futures rise as yields fall and dollar weakens; crude extends gains to fifth session.
In brief
Gold futures rise as yields fall and dollar weakens; crude extends gains to fifth session. NY gold futures rebounded $81.90 to $4,189.80 per ounce on October 15 as long-term yields fell and the dollar weakened, while WTI crude rose $2.51 to $97.60 per barrel for a fifth straight session. Originally reported by BigGo…
Gold futures rebound
NY gold futures for December delivery rebounded $81.90 higher at $4,189.80 per troy ounce on October 15.
Slowing retail sales and AI concerns
Slowing U.S. retail sales growth and credit concerns surrounding the global AI boom drove safe-haven buying of U.S. Treasuries.
Long-term yields and dollar weaken
Long-term U.S. bond yields declined and the dollar weakened as safe-haven buying increased.
Crude extends gains
WTI crude futures for November delivery rose $2.51 to $97.60 per barrel, extending gains to a fifth consecutive session.
Supply risks accelerate
Vessel attacks in the Strait of Hormuz and Ukraine's announced strikes on Russian oil facilities intensified supply-risk buying.
U.S. PPI at four-year high
U.S. September PPI rose 1.3% month-over-month, marking the highest level in four years.
Market implications
Gold prices remain sensitive to long-term interest rates while crude oil prices stay elevated due to Middle East and Russian supply concerns.
The short version
NY gold futures rebounded $81.90 to $4,189.80 per ounce on October 15 as long-term yields fell and the dollar weakened, while WTI crude rose $2.51 to $97.60 per barrel for a fifth straight session.
