Gold recorded its best weekly performance in seven months. The\nprecious metal surged around 7% over the week.<\/p>\n
This was driven by a weakening US dollar, a decline in Treasury\nyields, and US labour data that came in weaker than expected. The rise\nwas the highest since January.<\/p>\n
Citing CNBC International on Tuesday (11\/8\/2026), gold\u2019s movement has\nonce again attracted investor attention as a number of macroeconomic\nfactors began to support the safe-haven asset. US labour data that was\nsofter than expected indicated signs of cooling in the labour\nmarket.<\/p>\n
Revisions to previous data also reinforced expectations that pressure\non the labour market is beginning to mount. These conditions then\nprompted investors to scale back expectations of a more aggressive\nFederal Reserve interest rate policy.<\/p>\n
On the other hand, the decline in Treasury yields and the weakening\nUS dollar made gold relatively more attractive. Gold does not offer a\nyield or interest, so the opportunity cost of holding the precious metal\nfalls when bond yields decline.<\/p>\n
Gold Returns as a Safe-Haven Asset<\/p>\n
Beyond interest rates and the dollar, concerns about the direction of\nUS monetary policy also underpinned demand for gold as a hedging asset.\nGains were also seen in other precious metals markets.<\/p>\n
Silver, platinum, and palladium prices also rose. Meanwhile, copper\nremained near its highest level.<\/p>\n
Analyst Michael Khouw assessed that gold\u2019s upward momentum still has\nthe potential to continue. According to him, still citing CNBC\nInternational, gold is indeed still below its 150-day moving\naverage.<\/p>\n
However, a number of instruments linked to gold are beginning to show\nsigns of strengthening. One of them is the share price of gold mining\ncompany Newmont Mining.<\/p>\n
The company is one of the largest components in gold mining ETFs and\nhas broken above its 150-day moving average. That movement is seen as a\nsignal that other instruments such as the VanEck Gold Miners ETF (GDX)\nand SPDR Gold Shares (GLD) could follow.<\/p>\n
China Adds Gold Reserves in Hong Kong<\/p>\n
Gold demand from China has also been a focus of the market. The\nPeople\u2019s Bank of China (PBOC) has expanded its gold storage facilities\nin Hong Kong.<\/p>\n
The move was made amid Hong Kong\u2019s ambition to strengthen its\nposition as an international gold trading hub. The expansion of storage\nfacilities is also part of a broader trend, namely the return of\nsovereign gold reserves to Asia from London.<\/p>\n
The PBOC itself has recorded gold purchases for 21 consecutive\nmonths. In July 2026 alone, China\u2019s central bank added around 20 tonnes\nof gold to its reserves. The move shows that central bank demand remains\none of the important pillars of the global gold market.<\/p>\n
Investors Begin to Target Further Gains<\/p>\n
In the options market, gold\u2019s volatility structure also points to\ngreater upside potential. According to Khouw, out-of-the-money call\noptions have higher implied volatility than options near the current\nmarket price.<\/p>\n
That condition makes call spread strategies more attractive for\ninvestors looking to position for a potential rise in gold prices. One\nexample used is a call spread strategy on the SPDR Gold Shares (GLD) ETF\nwith strike prices of US$400 and US$460 for November.<\/p>\n
The strategy costs around US$16.15 per share, or about US$1,615 per\ncontract, with a potential return of nearly three times if GLD rallies\nagain by around 15% over the next 100 days.<\/p>\n
With the combination of a weaker dollar, falling Treasury yields,\nexpectations of a more accommodative Fed policy, and gold purchases by\ncentral banks, gold is once again receiving strong support from the\nmarket. However, the next price movement will still depend heavily on US\neconomic data and the direction of the Fed\u2019s monetary policy.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/gold-records-best-weekly-gain-in-seven-months-as-investors-return-1786438378", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }