SoraMacro Briefs

Houthi Attacks on Saudi Energy Sites Jolt Gold's Rate-Hike Calculus

Gold gave back its early gains on Tuesday and slipped toward $4,400 after touching an intraday high near $4,443, as a fresh escalation in the Middle East added a new twist to the metal's already fragile rate-hike narrative. Iran-backed Houthi forces struck energy facilities in fo…Read more →

Kyiv Truce Collapses After US Envoy Visit, Gold Eyes Safe Haven Bids

A brief pause in strikes on Kyiv and Moscow has collapsed, with Russia resuming drone attacks on the Ukrainian capital early Tuesday after a three-day suspension ordered by Vladimir Putin expired. Two residential buildings in Kyiv were damaged and drones also struck the outskirts…Read more →

Gold Slips as Traders Price In Fed, ECB, BOJ Rate Hikes

Gold traded near $4,400 an ounce on Tuesday, holding losses from the previous session as markets increasingly price in interest rate hikes from several of the world's largest central banks this month. Futures sat around $4,432 per troy ounce, still well below January's record hig…Read more →

China Leads Central Bank Gold Buying With 20-Tonne July Purchase

The World Gold Council reported this week that global central banks added a net 23 tonnes of gold to reserves in July, with the People's Bank of China once again standing out as the dominant buyer. China purchased 20 tonnes during the month, extending a pattern of double digit mo…Read more →

Houthi Push Toward Bab al-Mandeb Opens Second Chokepoint Risk

A Houthi ground offensive launched on September 3 toward the Bab al-Mandeb strait has become the most intense land fighting in Yemen since 2022, with medical and military sources cited by AFP putting combined combatant deaths at 81 within two days, including government troops, fi…Read more →

Blowout August Jobs Report Complicates Gold's Rate-Cut Rally

The US Bureau of Labor Statistics reported on Friday that nonfarm payrolls surged by 162,000 in August, nearly triple the 56,000 gain economists had forecast and the strongest reading in five months. The unemployment rate held steady at 4.1 percent, while combined revisions to Ju…Read more →

Israeli Seizure of Lebanon Ridge Opens New Iran Escalation Risk

Israel's military announced late on September 3 that it had achieved "operational control" of the Ali al-Taher ridge in southern Lebanon, clearing Hezbollah tunnel networks that Reuters had reported Iran considered a red line, warning Washington that an assault on the position wo…Read more →

Tanker Attacks and Bessent's Sanctions Blitz Widen Iran War Risk

The confrontation around the Strait of Hormuz took a sharper turn this week when two tankers carrying Saudi crude were struck by rockets and other munitions within minutes of each other during a midnight transit, according to maritime security firms cited by the Wall Street Journ…Read more →

Gold Rebounds to $4,470 as Waller Signals September Rate Pause

Gold climbed to around $4,470 an ounce on Thursday, clawing back from the more than three-week lows hit earlier this week as the dollar and Treasury yields retreated from recent highs following a round of dovish signals from Federal Reserve officials. The move marks a sharp rever…Read more →

Dutch Central Bank Moves 86 Tonnes of Gold to London on Security Fears

The Dutch central bank, De Nederlandsche Bank, has shifted 86 tonnes of gold from vaults in New York and Ottawa to London between March and August, a move officials attributed to what the bank described as growing geopolitical unrest and a desire to keep reserves more readily dep…Read more →

Iran Strikes Spread to Jordan, Kuwait, Bahrain as Trump Spurns Truce

The US-Iran conflict widened dramatically overnight into September 1, with Iran firing ballistic missiles at Jordan and launching drone attacks that triggered air defense activations in Kuwait and Bahrain, both hosts of American military installations. Jordan's army said it inter…Read more →

Gold Breaks Below 200-Day Average as Iran Strikes Resume, Barr Turns Hawkish

Gold extended its slide into Tuesday's session, breaking below its 200-day moving average for the first time in months as a fresh round of US strikes against Iran and a new hawkish warning from a Federal Reserve official piled additional pressure on the metal. Spot gold traded ne…Read more →

US-Iran Clash in Strait of Hormuz Fuels Gold's Volatile Swings

Tensions between the United States and Iran escalated sharply over the past two trading sessions after US forces struck an island in the Strait of Hormuz, prompting Iran to retaliate with attacks on the United Arab Emirates and Jordan. The exchange marks a dangerous widening of h…Read more →

Gold Sinks to Two-Week Low Near $4,330 as Yields Hit 19-Month High

Gold extended its slide into the Wednesday Asian session, tumbling to near a two-week low around $4,330 an ounce as US Treasury yields surged to their highest level since January 2025. The move marks a fresh leg lower from the prior session's slip beneath $4,450, with the metal n…Read more →

Gold Set for Best Month Since January as Paulson Reshuffles Bets

Gold is closing out August with its strongest monthly performance since January, up roughly 10 percent and trading near $4,435 an ounce after touching highs above $4,650 earlier in the month. The SPDR Gold Shares ETF, which tracks physical bullion, gained 9.84 percent over the mo…Read more →

Gold Slips Below $4,450 as US-Iran Military Clash Fuels Inflation Fears

Gold slipped to near $4,445 in early Tuesday trading after a fresh military exchange between the United States and Iran injected a new source of inflation anxiety into the market. President Trump threatened to strike Iran with greater force after Washington and Tehran traded fire…Read more →

Gold Steadies Near $4,450 as Fed Hike Odds Jump After Warsh Speech

Gold found its footing near $4,450 an ounce on Monday after briefly slipping below $4,400 during Asian trading hours, its lowest level since August 19. The pullback follows a roughly 3.20% drop on Friday triggered by Fed Chair Kevin Warsh's Jackson Hole speech, which markets read…Read more →

Deadly Kyiv-Area Strike Reignites Gold's War Risk Premium

A Russian strike on the village of Myla in the Bucha district west of Kyiv killed at least 37 people over the weekend, one of the deadliest single attacks on Ukraine this year, according to Ukrainian officials and reporting by the Associated Press. The strike hit a warehouse that…Read more →

Gold Tumbles Over 3% as Warsh Delivers Hawkish Jackson Hole Debut

Gold suffered its sharpest single day drop in months on Friday after Federal Reserve Chair Kevin Warsh delivered his first Jackson Hole speech since taking over the central bank, and traders concluded the message leaned hawkish. Spot prices fell as much as 3.18 percent on the day…Read more →

Gold Holds Near $4,600 as Traders Brace for Warsh's Jackson Hole Debut

Gold held above $4,600 an ounce on Thursday as traders positioned ahead of Federal Reserve Chair Kevin Warsh's first major address as central bank chief, scheduled for 10 a.m. Eastern time on Friday at the Jackson Hole symposium. Spot gold traded near $4,599 while futures hovered…Read more →