Pepperstone

Over the past week, gold prices followed a classic rally-then-retreat pattern. Bulls and bears were both active: on one hand...

Headline unemployment rose to 5.0% in the three months to September, the highest level since February 2021.

The Deal The deal that's been cut, largely, mirrors that which was reported by a host of media outlets towards the start of last

After a sharp 5.3% drop last Tuesday, gold found support around $4,000 and entered a consolidation phase. Softening US inflation and market bets on two more rate cuts before year-end have capped further declines, while positive signals from US-China trade talks have weighed on safe-haven demand, limiting gold's upside.

Headline CPI rose 3.8% YoY in September, well below both market expectations, and the BoE's forecast for a 4.0% YoY rise, and unchanged from the pace seen in August.

A rather famous old market adage is ‘there's nothing like price to change sentiment'. I might change that a bid, to ‘there's nothing like a TACO to change sentiment'.

Over the past week, U.S.-China trade tensions escalated once more, heightening policy uncertainty and increasing market volatility.

Once more, the ONS have failed at quite literally the only job they have, to provide accurate national statistics on the UK economy.

This move, across the PM complex, has been driven by largely by three factors – increased demand from central banks (especially in EM) seeking to diversify their reserve holdings.