Gold in the news: the week to Friday 2 October
Every gold story in the news is read for which way it leans for gold (bullish, bearish or neutral), what it is about, and whether it explains a move that already happened or looks ahead. In the week to Friday 2 October we read 295 of them, from 37 different news sources.
50% leaned bearish, 24% bullish and 26% neutral, so the news tilted bearish overall. Gold finished the week -1,465 pips from where it started.
Day by day
| Day | Articles | Bullish | Bearish | Gold |
|---|---|---|---|---|
| Mon 28 | 69 | 9 | 51 | -1,646 pips |
| Tue 29 | 61 | 11 | 31 | +574 pips |
| Wed 30 | 62 | 15 | 25 | -245 pips |
| Thu 1 | 53 | 18 | 19 | +244 pips |
| Fri 2 | 50 | 17 | 22 | -391 pips |
On the 3 days gold fell, 54% of that day's articles leaned bearish; on the 2 days it rose, 25% leaned bullish. Much of the news describes moves that have already happened, so it tends to follow the price as much as lead it.
What the news was about
- Gold itself: price moves, demand and flows: 131 articles, 48 bearish and 34 bullish.
- US interest rates and bond yields: 86 articles, 64 bearish and 14 bullish.
- Inflation: 27 articles, 7 bearish and 11 bullish.
- The US dollar: 23 articles, 22 bearish and 0 bullish.
- The US jobs market: 18 articles, 4 bearish and 5 bullish.
164 of the 295 articles explained a move that had already happened; 131 looked ahead.
Where it came from
The busiest sources this week were FXStreet (64), Kitco (33), Yahoo Finance (26), FXEmpire (19), The Times of India (18). We count sources here; we do not rate them yet.
Moves are in pips, where one pip on gold is $0.10, from one trading day's last hourly close to the next, so Monday is measured from Friday's close. The leans are our own reading of each article; the articles themselves are not quoted.
Important
For analysis purposes only. This describes last week's gold news and what gold did; it is not financial advice or a recommendation to trade. The news is no guide to where gold goes next. Trading carries a high risk of losing money.
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