S&P 500 down 1.5% amid rising US-Iran tensions The US stock market declined as tensions between the US and Iran escalated. The S&P 500 fell 1.5% while the Nasdaq dropped 1.8%. The decline came despite the US May CPI meeting expectations at 4.2%. The US 10-year yield
Spot gold tests critical support at the 38.2% retracement of its 2022-2024 rally, risking a break to November 2025 lows. Gold prices fell to a session low of $4081.69, testing the 38.2% Fibonacci retracement at $4079.35 and the March 19 swing low of $4098.74. A break below
Gold prices fall to late November levels as geopolitical tensions and equity declines weigh on investor sentiment. Gold prices broke below the March low of $4097, retreating to levels last seen in late November. The decline coincides with heightened war fears and a sell-of
Spot gold prices fall below the 200-day moving average at $4,415.51, signaling potential test of $4,098.74 support. Gold prices extended losses today, dropping below the 200-day moving average at $4,415.51 for the first time since November 2023. The breach marks a critical
- Gold and other precious metals pared big losses in choppy trading conditions after data showed a fast rise in overall US consumer prices, but a more subdued gain in core inflation. Most Read from Bloomberg Spot bullion traded down about 1.8%, trimming an earlier loss of
Sonoro Gold Corp (TSX-V:SGO, OTCQB:SMOFF, FRA:23SP) said on Wednesday it has closed an oversubscribed non-brokered private placement of 62 million units at $0.25 per unit, raising gross proceeds of C$15.5 million to fund development of its Cerro Caliche gold project in Sonora,...
Gold falls 2% as dollar rises Gold futures tumbled more than 2% on Tuesday to trade below $4,200 per troy ounce. The US dollar index rose ahead of a crucial Consumer Price Index report. The monthly CPI print may give investors clues about whether the Federal Rese
The Nguni anomaly shows gold-in-soil values up to 730 ppb, with potential for expansion near existing discoveries. Ongwe Minerals identified a 5km gold-in-soil anomaly at its Omatjete Gold Project in Namibia, dubbed the Nguni anomaly. Soil samples returned assay results up
Precious metals retreat to start-of-year levels after rally fueled by AI demand expectations fades. Gold and silver have erased all year-to-date gains, reversing a rally driven by earlier speculation about their role in AI infrastructure. Gold fell from its 2024 peak of $5
Breakdown of key moving averages signals momentum shift after near three-year rally, pressuring precious metals amid hawkish Fed outlook. Gold prices fell below both the 100- and 200-day moving averages for the first time since October 2023, marking a technical breakdown a
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