Gold news

Commodities have started the week with strong moves, but the direction differs based on each fundamental drivers.

US equities struggle to capitalise on the dovish FOMC meeting as the AI valuation concerns resurface.

Markets welcome the Fed's policy outlook but concerns about complacency regarding inflation limit the upside in risk appetite

Gold hovers around $4,200 ahead of the Federal Reserve meeting as traders await key insights.

Markets tread with cautious heading into the Fed meeting this week, with focus on the revised projections into 2026.

Gold (XAU/USD) is currently trading at $3,982.94 (as of 6:12pm UTC, 7 October 2025), after briefly crossing $4,000 per ounce for the first time during the session.

The S&P 500-to-gold ratio provides a clear way to compare the performance of US equities with gold. By tracking how many ounces of gold are required to equal the value of the S&P 500 index, the ratio helps illustrate shifts in investor sentiment and the balance between risk and caution.

Markets enter December with anticipation as the Federal Reserve meeting will be a key risk event, with changing expectations driving market volatility

Gold plays many roles in the global economy – as a traded commodity, a store of value, and a measure of confidence. Yet its price can vary depending on how it’s bought or sold.

Gold and the US dollar often move through familiar seasonal patterns shaped by macroeconomic cycles, fiscal factors and investor behaviour. These rhythms have tended to repeat over time, offering insight into how markets respond to broader global conditions.