Gold news by day
Gold closed at about $4,178, up $11 (0.27%) on the day.
What moved it
The verdicts are the textbook reading of the news, not a forecast. Closing prices are spot gold at about 5pm New York time, from our price feed, and may differ slightly from other sources.
Expectations for an imminent Fed rate hike have eased, while US government debt rates held at 5.06%.
Why: Expectations for an imminent Fed rate hike have eased, lowering rate-hike odds and supporting gold.
Gold $4,175.40
🕒 Mon 19 Oct · news 02:00 UK
Education only. Gold doesn't always react the same way. Not financial advice.
China growth data: 3 headlines in 90 min
🕒 Mon 19 Oct, 03:02 UK
• China set its daily yuan reference rate at the strongest level in more than three years
• China's economy grew 4.5% in September, beating the 4.4% forecast and up from 4.3% before
• China retail sales rose 1.1% in September, beating the 0.5% forecast and up from 0.4% before
💡 What it means: China's economy grew faster than expected in September, and Beijing set the yuan at its strongest level in over three years, which can weaken the dollar.
🟢 2 of 3 headlines · Gold $4,176.50
Education only. Gold doesn't always react the same way. Not financial advice.
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A reminder before every big release, then why gold moved, in plain English, the moment the news lands.
