(Journal Dan Tri) - Les cours mondiaux de l'or ont légèrement baissé après une semaine volatile. Experts et investisseurs restent partagés quant à l'évolution du précieux métal la semaine prochaine.

La chute de l’or depuis son record de janvier et le repli brutal de l’argent ramènent les prix vers les creux estivaux, à la frontière statistique où les corrections finissent parfois en capitulation — un seuil crucial pour les allocataires africains exposés au métal.

Aucun économiste sérieux, ou presque, n’oserait envisager un retour à ce système. John Maynard Keynes (1883-1946) avait d’ailleurs qualifié l’étalon-or de

L’or a atteint des sommets historiques avant de lourdement chuter. Quelles sont les raisons de cette volatilité ? Jusqu’où l’or peut-il monter fin 2026 ?

"L’or est-il de retour?", s’interrogeaient en août les économistes de la banque néerlandaise ING, alors que le métal précieux rebondissait fortement après ses points bas de la mi-juillet. Même l’or avait récemment subi des dégagements malgré les tensions au Moyen-Orient, une évolution en apparence...

Gold's Longer-Term Buyers and Short-Term Traders Are Pulling Apart

Gold dips below $4100 as stronger US inflation data spikes rate hike odds

(Journal Dan Tri) - Derrière les fluctuations quotidiennes des plateformes de négociation électroniques, les principales institutions financières mondiales redessinent discrètement les règles du marché de l'or, des méthodes de négociation aux formules de prévision.

Au moins 72 personnes sont mortes dans des frappes aériennes sur une mine d'or au Soudan près de la frontière avec l'Egypte, a indiqué dimanche l'ONG soudanaise "Les avocats de l'urgence", attribuant l'attaque à l'armée de l'air égyptienne.

(Kitco News) – The minutes from the September 15-16 Federal Open Market Committee (FOMC) meeting showed Fed members acknowledging the need to respond to persistent inflation, with most expecting that another rate hike would be necessary before year-end, while several saw the effects of the AI buildout on core inflation increasing while the effects tariffs waned.In the staff review of financial conditions, they noted that “the market-implied path for monetary policy had risen notably over the intermeeting period and that both market prices and market outreach indicated that investors placed high odds on a 25 basis point increase in the target range for the federal funds rate at the September meeting. They also noted that responses to the Desk survey “indicated that a considerable probability was placed on at least 25 basis points of policy firming by the end of the year.”“The shift in expectations was attributable in part to FOMC communications as well as to the incoming inflation data,” they said. “The manager also observed that considerable uncertainty remained about the path of policy at longer horizons.”In the staff review of the economic situation, they wrote that “information available at the time of the meeting indicated that inflation remained elevated,” while labor market conditions “continued to be broadly stable with some signs of gradual tightening,” and real GDP “was expanding at a solid pace.”“Economic growth abroad stepped up in the second quarter, as most foreign economies continued to demonstrate resilience despite heightened geopolitical tensions and elevated energy prices,” the staff wrote. “By contrast, indicators of economic activity in China through August suggested that the country's domestic demand growth remained weak.”They noted that total inflation abroad “remained above central banks' target levels in many foreign economies, reflecting higher consumer energy and food prices due to disruptions stemming from geopolitical developments,” adding that  “most foreign central banks remained focused on inflation risks.”In the staff’s review of the economic outlook, they wrote that inflation was expected to decline over the remainder of the year, with gas prices projected to move lower and core inflation forecast to edge down. “The staff's inflation forecast was somewhat higher for 2026 through 2028 than the one prepared for the July meeting,” they said.“Real GDP growth was projected to pick up over the second half of this year and to outpace potential through 2028, reflecting strong business investment, solid consumer spending, and supportive financial conditions,” they noted. “The staff's outlook for economic activity and the labor market was stronger than the one prepared for the July meeting, mostly in response to incoming information.”They warned, however, that the uncertainty around their projections was “substantial, considering the unknowns related to persistently elevated inflation, the potential economic effects of AI investment and adoption, and geopolitical developments.” They said the risks around the forecasts for employment and real GDP growth were “roughly balanced,” but risks to the inflation forecast were “skewed to the upside, given the possibility that inflation could prove to be more persistent than the staff anticipated.”Turning to FOMC members’ deliberations, the minutes noted that participants “noted that inflation remained elevated and that they had not seen sufficient progress on lowering inflation in recent months.” They said that “ongoing geopolitical developments, which had pushed up prices for crude oil and refined fuel products, and surging AI-related investments were contributing to inflation pressures.” Several FOMC members “observed that the rate of price increases in the core goods category also remained elevated, as effects of the AI buildout appeared to increase while the effects of tariff increases waned.”Participants “generally expected that inflation would remain elevated in the near term and then decline toward 2 percent over the medium term under appropriate monetary policy.” FOMC members “generally assessed inflation risk as skewed to the upside; some participants remarked that those risks had become more skewed to the upside in recent months,” the minutes said. “Many participants assessed that the longer energy prices remained elevated, the greater the risk that cost increases in certain sectors could lead to broader price pressures,” while some participants “expressed concerns that, after more than five years of inflation above 2 percent, elevated inflation rates could begin to affect inflation expectations and wage- and price-setting decisions.”Regarding the labor market, participants “judged that labor market conditions were stable and generally viewed the labor market as close to maximum employment,” and a majority of participants “assessed that the labor market had strengthened a bit recently, pointing to developments such as employment gains modestly outpacing labor force growth.”Participants “generally expected labor market conditions to remain stable, with the unemployment rate staying close to current levels,” the minutes said. “Participants generally viewed the upside and downside risks to the labor market as broadly balanced.”In their consideration of monetary policy, “all participants supported raising the target range for the federal funds rate 1/4 percentage point,” and FOMC members “generally emphasized that inflation remained elevated while the labor market appeared to be near full employment, with some signs of strengthening, and that economic activity was expanding at a solid pace.”“Based on the outlook and the changing balance of risks, all participants viewed a higher target range for the federal funds rate as appropriate,” the minutes said. “Many participants emphasized that a higher path for the target range would be prudent on risk-management grounds, providing insurance against inflation remaining persistently above target due to stronger-than-expected demand or further adverse supply shocks. A number of participants viewed a higher path for the target range as necessary based on their modal outlooks rather than on risk-management grounds.”“Several participants stated that they viewed the current policy rate as not restrictive or only mildly restrictive,” they added.Regarding the outlook for monetary policy, “most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end,” but they emphasized that “decisions at future meetings would depend on incoming information and its implications for the outlook and the balance of risks.”The vote for the 25-basis-point rate hike was unanimous.Gold prices continued to trade near the bottom of their daily range following the 2 pm ET release. Spot gold last traded at $4,110.38 for a loss of 1.28% on the session.

TOKYO -- The Finance Ministry plans to strengthen the power of customs authorities to curb gold smuggling, seeking to prevent the export of untraced g

L'or , considéré comme une valeur refuge, progresse depuis 2022. Faut-il investir dans le métal précieux ou profiter de la hausse des cours pour vendre les réserves que l'on possède déjà ? Marc Touati fait le point.

Découvrez le trésor viking de Sysmä, des milliers de pièces d’argent et des bijoux exhumés d’une forêt finlandaise par un amateur.

L’or, affecté depuis cet été par les craintes de hausses de taux de la Fed, bénéficie toutefois de soutiens structurels. Et en Bourse, les actions de sociétés de mines d’or constituent un véhicule d’investissement intéressant pour profiter des belles perspectives du cours de l’or.

(Kitco NewsWire) – Spot gold and silver prices are sharply lower in early U.S. trading Wednesday, after hotter-than-expected U.S. inflation data revived concerns that energy-driven price pressure will keep the Federal Reserve’s year-end tightening path in place. At the time of writing, spot gold was trading near $4,110.90 an ounce, down 1.18% on the session, while spot silver was trading near $57.890, down 1.97%.Market positioning shifted back toward the hawkish side after September CPI rose 0.6% on the month and 3.7% from a year earlier, above the 3.6% consensus and up from 3.4% in August. Core CPI rose 0.3% on the month and 2.6% year over year, while gasoline rose 9.1% and the energy index climbed 5.2%, showing that the oil shock is feeding directly into headline inflation. The print does not make an October hike the base case, but it reinforces the December-hike channel that was already heavily priced after Fed minutes showed most officials still expected another increase by year-end. The 10-year Treasury yield was trading near the 5.2% area and the dollar index was off Monday’s 18-month high but firm enough to pressure metals. The next tests are Thursday’s PPI, retail sales, jobless claims and Philadelphia Fed survey, followed by Friday’s import and export prices and Fed Chair Kevin Warsh’s IMF appearance. Softer producer prices or weak spending would help gold by limiting real-rate pressure; a firm PPI or retail-sales print would keep the dollar and yields pointed against bullion.The Strait of Hormuz and U.S.-Iran situation remains a direct oil shock risk and an indirect headwind for metals through inflation, yields and the dollar. Oil prices rose after an attack on a Saudi Aramco building in Dhahran, a container ship sank south of the Strait of Hormuz after hitting a naval mine and a tanker and container ship were struck inside the waterway. Iranian officials also said they were using new tactics to target ships, while the Iran-allied Houthis continued missile and drone attacks against Saudi Arabia. Brent crude traded near $106.60 a barrel and WTI near $95.79, with constrained diesel supplies adding to the inflation risk. The geopolitical channel remains supportive for gold in isolation, but Wednesday’s market transmission was bearish for bullion: higher crude strengthened the case for persistent inflation, lifted rate risk and amplified silver’s selloff through industrial-demand concerns.Global risk tone was mixed before the U.S. open. Dow futures and S&P 500 futures were modestly higher, while Nasdaq futures slipped as chip stocks extended their losing streak and investors weighed large-bank earnings. Asian markets were mixed, with Chinese and Hong Kong indexes higher and renewed pressure across semiconductor-heavy markets. European equities were modestly firmer, but the CPI overshoot kept the focus on U.S. yields, the dollar and whether the inflation data will pull more 2027 tightening into the curve.The key outside markets see Nymex WTI crude oil prices higher and trading near $95.79 a barrel, while Brent crude was near $106.60. The yield on the benchmark 10-year U.S. Treasury note is trading near the 5.2% area. The U.S. dollar index is firm after pulling back from Monday’s high. (Kitco Global Index shows how much of today's gold move is the dollar versus the gold market itself.)Technically, spot gold bulls’ next upside price objective is to push prices back above the $4,181.44 to $4,217.40 resistance zone, with a sustained move targeting $4,253.15 and then $4,296.57. Bears’ next near-term downside price objective is a break below $4,066.54, with deeper downside targets at $4,000.00 and then $3,900.00. First resistance is seen at $4,134.62 and then at $4,167.62. First support is seen at $4,100.00 and then at $4,066.54.Spot silver bulls' next upside price objective is to drive prices back above the $59.830 to $61.720 area, with a move above that zone targeting $62.600 and then $64.090. The next downside price objective for the bears is a break below $57.800, with deeper downside targets at $57.640 and then $56.550. First resistance is seen at $58.343 and then at $59.541. Next support is seen at $57.800 and then at $57.640.See live precious metals prices for gold, silver, platinum and palladium — in USD, CAD and 12 more currencies.

Gold (XAU/USD) extends its intraday decline on Wednesday after stronger-than-expected US inflation data lift the US Dollar (USD) and US Treasury yields. At the time of writing, XAU/USD trades around $4,102, down 1.41% on the day.

Gold price and silver price fell sharply after a hotter US inflation report, with precious metals sliding to their lowest level since early August.

Deux militants africains sont à Genève cette semaine pour sensibiliser l’industrie et les autorités à l’impact de l’extraction minière sur les puits de biodiversité, du Ghana au Liberia. «Il n’a jamais été aussi grand», craignent Daryl Bosu et Silas Siakor

Faut-il acheter de l’or ? Découvrez les prévisions du cours de l’or pour les années à venir ainsi que tous les facteurs qui influencent son prix. Analyse technique et fondamentale du XAU/USD.

Au moins 72 mineurs sont morts dans des frappes aériennes sur une mine d'or au Soudan près de la frontière avec l'Egypte, a indiqué dimanche l'ONG soudanaise « Les avocats de l'urgenc