Gold futures rise as market digests Fed minutes
Gold futures rose 0.5% to $4,161.10 an ounce as traders weighed Federal Reserve minutes showing most policymakers thought another rate increase could be appropriate by year-end. Silver was down 1.1% at $59.62 an ounce.
The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1115 ET - Gold futures pick up from yesterday's two-month low with the market digesting the minutes of the Federal Reserve's latest meeting. "Most policymakers judged another increase would likely be appropriate by year-end, keeping the yellow metal under pressure," Critical Metals CEO Tony Sage says in a note.
S. " Further Fed tightening could keep gold at risk, while demand from central banks may limit losses, he adds. 10 a troy ounce. 62 a troy ounce.
, Citi analysts write. "No further details were provided on the potential size, geography or nature of strategic acquisitions but reassurance was given on the strategic fit," they say. The French industrial gases supplier expects M&A to contribute around one percentage point of its 5% sales compound annual growth rate target, primarily through bolt-ons. Citi has a buy rating on the stock and a 198 euro target price.
04 euros, but 14% higher over the year-to-date. com) 2049 ET - Ramelius Resources' miss on 1Q gold output expectations is weighing on its stock. But Ord Minnett says investors may look through the quarter and focus on more positive news flow, such as its four-year outlook and completed sale of the Edna May mine. 675 Australian dollars, broadly in line with stock movements of other Australian gold miners.
Ramelius reported 1Q production of 48,839 oz of gold versus Ord Minnett's expectation of 55,200 oz. "The delta in production was driven by wet weather impacting haulage from the Penny mine to the Mt Magnet mill, which resulted in a stockpile build of 4,300 oz of contained gold at the Penny mine," analyst Paul Kaner says. 55 target price on Ramelius ahead of today's update. com; @dwinningWSJ) 2027 ET - Gold slips in early Asian trade.
Higher bond yields and a stronger dollar are likely weighing on investor demand for the precious metal, say ANZ Research analysts in a note. A higher interest-rate environment typically diminishes the allure of the non-interest-yielding yellow metal. Still, any losses are likely to be partially offset by strong central-bank buying, the analysts add, noting that the People's Bank of China--among the world's biggest gold buyers--expanded its reserves in September. 75 an ounce.
com) 1743 ET - Macmahon Holdings's latest M&A foray represents the beginning of the mining services company's third pillar, according to Jefferies. Macmahon is acquiring Aspect Engineering for an enterprise value of up to A$90 million. Analyst John Campbell says the deal extends Macmahon's service offering across the resources value chain. In the process, it will help Macmachon with customer retention and improve its profit margins, Jefferies adds.
"Ultimately, this acquisition is all about revenue synergies, not costs," Jefferies says. It views an enterprise value-to-Ebita multiple of 5x as highly appealing. 15/share and it retains a hold call on Macmahon's stock. 115.
S. S. yields keep a lid on demand for the metal with the market looking to the Fed minutes for interest-rate guidance. Earlier gains in oil prices had put pressure on precious metals, given the inflationary implications of higher energy costs.
899 a troy ounce. com) (END) Dow Jones Newswires October 08, 2026 12:20 ET (16:20 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.