The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
View all Reports
Markets 2 MIN READ

Gold glitters as dollar retreat adds sheen

October 25, 2022By Reuters
Related Articles
Oil falls to 7-week low on surprise US storage build, Middle East hopes May 2, 2024 Oil recoups losses on plans for SPR refill, higher seasonal demand May 9, 2023 Dollar loses steam, euro on front foot as ECB meeting looms July 20, 2022

Oct 25 (Reuters) – Gold reversed course to trade higher after the dollar fell as weakness in the US economy fuelled expectations the Federal Reserve would likely slow the pace of its interest rate hikes.

Spot gold was up 0.4% at USD 1,654.58 per ounce as of 1:45 p.m. ET (1745 GMT), while US gold futures settled 0.2% higher at USD 1,658.

“We’re seeing some weakness in the dollar and some upside in some of the other currencies against the dollar, and it’s pushing gold back up,” said Bob Haberkorn, senior market strategist at RJO Futures.

The dollar index =USD, which measures the currency against six major peers, was down about 0.9%, making gold less expensive for overseas buyers.

A survey on Monday showed US business activity contracted for a fourth straight month, sparking bets the Fed might rein in its aggressive policy stance.

If the Fed goes with a rate hike below the expected 75 basis points, that’ll signal a slowdown in these hikes and be bullish for gold, “but gold traders are waiting for something more concrete,” Haberkorn added.

Rising interest rates dim bullion’s appeal as they increase the opportunity cost of holding the non-yielding asset.

“Investors are still giving gold the cold shoulder, thereby generating persistent headwind,” with positioning data indicating that a majority of speculative financial investors are continuing to bet on a falling gold price, Commerzbank analysts said in a note.

Speculators switched to net short positions of 20,633 contracts in COMEX gold in the latest week, the US Commodity Futures Trading Commission (CFTC) said on Friday.

Meanwhile, data showed top consumer China’s net gold imports via Hong Kong in September halved from the previous month.

Spot silver rose 0.4% to USD 19.34 per ounce, platinum shed 0.8% to USD 917.53, while palladium dropped 2.1% to USD 1,926.75.

(Reporting by Kavya Guduru in Bengaluru; Editing by Mark Potter and Vinay Dwivedi)

 

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up