Gold (XAU/USD) rallied near 3% on Wednesday as the Greenback tumbled following the Democrats’ sweep in the US midterm elections. Markets now look ahead to the release of October’s Nonfarm Payrolls data on Friday. The XAU/USD trades at $4,047, after bouncing off daily lows of $3,919. XAU/USD surges nearly 3% as US Dollar weakness, falling Treasury yields fuel Bullion’s recovery …
Continue ReadingWhat you need to know The US’s US$12 billion Project Vault is now operating. On 23 September 2026, two commodity traders each committed US$500 million to the reserve for the supply of critical minerals. Project Vault is a physical stockpile financed by industry and backed by US-EXIM. Manufacturers pay for access to stock, and traders source and hold it. Australia’s …
Continue ReadingGold demand was steady in the third quarter despite consistent pressure from rising interest rates and inflation worries. Total demand in Q3 was 1,369 tonnes, a modest 1 percent decline year-on-year. That drove year-to-date demand to 3,881 tonnes, virtually identical to last year’s 3,884-tonne record through the same period. In value terms, third-quarter demand totaled $188 billion, a 22 percent …
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