ANZ: Weak market sentiment puts pressure on gold prices

According to Al Jazeera, former U.S. President Donald Trump repeatedly emphasized that the higher prices paid by American consumers at gas stations are a “small price to pay for maintaining world security and ensuring national safety.” Trump made these remarks during a campaign rally in Grand Island, Nebraska. While claiming that current oil prices are lower than those during the Biden administration, Trump also stated that gasoline prices would drop to below $1.85 per gallon (approx. 3.8 liters) “in a very short time.” He reiterated that this could happen before the November 3rd midterm elections or shortly thereafter. Trump said, “Please understand, we are saving this country… and indeed the whole world from what could be the most severe disaster in history,” and again stressed that the United States would never allow Iran to possess nuclear weapons.

According to Zhitong Finance, McDonald's (MCD.US) is facing a class action lawsuit in a federal court in Chicago, accusing the fast-food giant of illegally manipulating menu prices between its franchised and company-owned restaurants by using an artificial intelligence (AI) pricing system.

On October 6, a comparison of domestic gold jewelry prices showed that several gold jewelry brands have adjusted the price of pure gold jewelry from the previous day. Lao Miao Gold quoted 1,251 yuan per gram, down 4 yuan from the previous day; Chow Sang Sang quoted 1,247 yuan per gram, down 5 yuan; Lao Feng Xiang quoted 1,251 yuan per gram, unchanged from the previous day.

USD/JPY has just touched the 158.00 mark, currently quoted at 158.00, up 0.07% on the day.