Gold rises more than 1% on softer dollar

The latest Market Talks covering Commodities. Published exclusively on Dow Jones Newswires throughout the day. A. Davidson analysts Matt Curtis and Andrew Tompkins write in a note.

They peg the odds of a deal at around 20%. Such a deal would be transformational for Starbucks, which shares few areas of overlap with Chipotle, they write. "SBUX has never pursued large, transformative acquisitions, as past acquisitions have been much smaller brands it could integrate into its existing business," they write. Still, there are some strategic rationales for the deal for both companies: a new growth lever for Starbucks and a substantial premium and international infrastructure for Chipotle.

A deal would also be a homecoming for Starbucks CEO Brian Niccol, who oversaw Chipotle's turnaround from 2018 to 2024. S. Treasury yields and a stronger dollar. High borrowing costs could ultimately support gold through two scenarios, says Ole Hansen from Saxo Bank.

An economic slowdown that drives yields lower and encourages monetary easing, or rising government debt-servicing costs that prompt policy intervention and weaken confidence in monetary discipline. "Neither outcome is inevitable, and further increases in real yields remain a near-term risk," he says. com) 1049 ET - Livestock futures on the CME are mixed ahead of the WASDE due at noon eastern time. The report will show updated figures for pork and beef production and demand, which can be a market mover--although typically not nearly as strongly as the moves seen in grains post-report.

30 a pound, says AgResource in a note. 175 a pound. 3%. com) 1007 ET - Natural gas futures are higher after retreating Thursday on a slightly bigger-than-expected weekly storage build, while effects from Hurricane Isaias are seen mixed with small offshore production losses offset by impacts on demand.

com says in a note. "The storm won't contribute much to lost cooling demand due to temperatures already being relatively comfortable," the forecaster adds. 201/mmBtu. 1%.

S. crops. The October WASDE is often a steady report, says Matt Zeller of StoneX in a note, but traders are leaving room for a potential surprise. Analysts surveyed by WSJ are projecting slightly higher soybean output and corn production inching lower.

S. isn't planning to strike Iran before midterm elections on November 3. Trump's comment "has placed the crude markets back on the defensive amid what is likely to be a lull in attacks through the Strait of Hormuz," Ritterbusch & Associates says in a note. S.

S. Gulf coast refineries. Isaias became a Category 3 hurricane Friday morning, and is expected to make landfall late Friday or early Saturday, according to the National Hurricane Center. 19 a barrel.

com) 0930 ET - Russia and Ukraine are engaging with other channels to try and get grain shipments out of the besieged Black Sea region. 5 million metric tons of grain. Ukraine is attempting to ship more grains via the Danube River, Commerzbank adds. Even so, the flow of grains coming out of the Black Sea region is still much less than this time last year, showing how important the ports that have been damaged this year are to shipping operations.

4%. com) 0626 ET - Palm oil futures closed lower Friday, reversing earlier gains as optimism over a possible Malaysian export duty waiver faced after the anticipated announcement failed to materialize, says David Ng, a trader at Kuala Lumpur-based Iceberg X. He expects cautious trading as investors assess the upcoming MPOB supply-demand report, particularly September inventories and export performance, he adds. Ng expects crude palm oil futures to find support at 4,500 ringgit a ton and face resistance at 4,750 ringgit a ton.

The Bursa Malaysia Derivatives contract for December delivery fell 69 ringgit to 4,592 ringgit a ton. com; @ivy_jiahuihuang) 0338 ET - Gold gains more than 1% as a softer dollar and lower oil prices support the metal, while market participants reassess the inflation and interest-rate outlook. 70 an ounce. S.

20, making dollar-denominated commodities less expensive for overseas buyers. According to CME's FedWatch tool, traders are pricing in a 19% chance of a rate hike in October and an 83% probability of an increase in December. Investors will next focus on the University of Michigan's preliminary consumer sentiment data due later Friday. com) 0337 ET - EU approval for MMG's acquisition of Anglo American's Brazilian nickel business would be "the very best outcome" for European stainless steel customers and for the company's workers in Brazil, the London-listed mining company's chief operating officer Ruben Fernandes says.

His comments come on the back of a closed-door hearing with EU merger officials Thursday, who have raised concerns the transaction could divert supplies from Europe to China. "Prohibition means that we will head towards 'care and maintenance' as the pathway to closure of the operations in Brazil. com) 2324 ET - Iron ore prices are lower in early Asian trade, weighed by weak demand from steelmakers amid widespread losses across the steel industry, Baocheng Futures analysts write in a note. Meanwhile, despite a holiday-related decline in port arrivals, overseas shipments have rebounded, with both arrivals and outbound shipments remaining elevated for the year, they add.

High supply, softening demand and easing freight rates are adding to the bearish outlook, with steel mills' production levels remaining a key factor to watch, they say. 5% lower at 680 yuan a ton. com; @ivy_jiahuihuang) 2318 ET - The structural drivers behind the gold bull cycle seem intact, State Street Investment Management strategists say in a report. These drivers include record government debt, robust physical demand from central banks and the Chinese retail sector and heightened geopolitical and economic uncertainty.

Higher rates can exacerbate debt service costs and fiscal imbalances for major economies, they say. Onshore gold price premiums in China have surged this year, with consumer gold imports hitting a record 1,141 tonnes in the first eight months despite higher prices. The strategists maintain their base-case gold price forecast at $4,750-$5,500 an ounce by the end of 1Q 2027. com) (END) Dow Jones Newswires October 09, 2026 12:15 ET (16:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.

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