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Comcast’s NBCUniversal cuts streaming technology jobs
Nike plans more job cuts to boost sputtering turnaround, forecasts steep revenue drop
Cars24 Turns Test Drive Chatter Into a 35% Sales Lift
Cboe Eyes VIX Perpetuals as Exchanges Move Beyond Crypto
OpenAI alerts more than 100 groups about rogue AI agent activity
Software Stocks Recover Amidst Market Fluctuations
The Diary of a CEO's Steven Bartlett on Podcast Growth
Citadel Securities Optimistic on US Stocks for Q4 Amid Market Reset
Cboe Eyes VIX Perpetual Futures in Broader Perps Push
'Shameless' Actor Noel Fisher on AI in Hollywood
Branching out: AP adds Royal Oak jewellery line to court female buyers
Twilio to join S&P 500 as S&P Dow Jones reshuffles indices
Exclusive-French supercomputer maker Bull doubles output to boost Europe’s AI ambitions
NYC Launches Nation’s First Municipal Click-to-Cancel Rule
Semmelhack on Nike’s Sneaker-Culture Future Post-Results
RTX Gets $24 Billion Deal to Boost Missile Output for US Navy
Alaska LNG could cost more than double Gulf Coast rivals, raising questions over economics
Europe’s Payee Checks Set the Pace as US Plans Take Shape
Breaking Down Nike's 'Disappointing' Earnings
Nuveen CEO on Schroders Deal, Plans for Combined Company
Mexico stocks lower at close of trade; S&P/BMV IPC down 0.60%
Chinese state funds backed purchases of restricted Nvidia AI chips, report says
Gold ekes out slight gain as U.S. Treasury bond rally offsets surge in oil
New Zealand Consumer Confidence Declines Amid Rising Oil Prices
The Best of Bloomberg Podcasts
US sanctions Kremlin-backed fintech A7 after FT investigation
Energy Services of America stock falls on acquisition news
Venture Global jumps on ConocoPhillips LNG supply deal
Yields fall after US 10-year hits highest since 2002; US stocks inch up
Stocks find footing as Treasury yields ease
Why ‘Manchesterism’ May Face an Uphill Battle
Swelling Bets Against Treasuries Are Fueling Repo Borrowing Cost
Nike to cut jobs as it forecasts revenue decline in the coming year
Tokyo Core Inflation Expected to Rise to 2.4%, Impacting Bank of Japan Policy
Boeing Engineers Bless New Contract After Summer Showdown
American Outdoor Brands ticks up on $10M buyback plan
After-Hours Movers: NKE, FICO, TRU, SYNA, ON
Global bond selloff boosts dollar, pressures euro
Anthropic Targets Mega-IPO Before Thanksgiving Holiday
Banks Blockchain Bet Comes Down to Moving the Money
Onsemi revises Synaptics deal to $123/sh all-cash, shares of both soar
Nike plans more job cuts, geographic changes after quarterly sales miss
OpenAI Cracks Down on Insiders Sharing Data With Safety Watchdog
Federal Reserve Governor Highlights Inflation Risks from AI and Supply Shocks
The Man City scandal rocking the Premier League
US sanctions target Iran’s auto, rail sectors as blockade chokes ship lanes
FICO stock tumbles on report of credit bureau requirement change
US Stocks Experience Modest Gains Amid Active Trading Session
Mattel attracts takeover interest from Authentic Brands Group, source says
Fed’s Cook sees AI inflationary push as a top 2027 risk
Fed officials wash away market bets on October rate increase
U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.04%
Nike Sales Miss Forecasts, Shares Drop on China and Sportswear Slowdown
Boeing White-Collar Workers Ratify New Offer, Avert Strike
JB Pritzker Met With NFL About Keeping Chicago Bears in Illinois
Nike Reports Mixed Q1 Earnings Amid Revenue Decline Forecast
Venezuela oil exports fall to 1.08 million bpd in September
Nike quarterly sales miss estimates as China weakness, competition weigh
Antelope Enterprise stock falls on $100M share offering plan
Iran Proposes Nuclear Inspections in Exchange for Sanction Relief
Nike’s Results Fall Short of Estimates as Weakness Persists
Gold Gains as Yields Retreat Despite Lingering Inflation Risks
Tanker Struck by Projectile in Strait of Hormuz, Crew Safe
Jefferson Says Fed May Need More Time to Weigh Next Move
Powell Jobs & Anonymous' Walker on Investing in Media
CrunchLabs Mark Rober on Creator-Led Media
HBO's Casey Bloys on Future of Content and WBD Deal
Accenture shares surge as consultancy confounds AI fears
Walapay Secures $4.6 Million in Seed Funding
Bank of America Warns of Downside Risks for Gold Amid Rising Oil Prices
Bank of America (BofA) has issued a cautionary outlook for gold prices, attributing potential declines to the ongoing conflict in Iran, which has kept oil prices elevated. The bank forecasts an average gold price of $4,000 per ounce for the fourth quarter of 2026, with a risk of falling to $3,750. BofA maintains a long-term bullish view, projecting gold could average $5,000 in the second and third quarters of 2027, but warns that current geopolitical tensions and fragile investor positioning could hinder this recovery.
Since oil prices surpassed $90 per barrel on August 20, gold has experienced an approximate 8% decline, while oil prices have risen around 15%. This increase in oil prices has contributed to inflationary pressures and tighter monetary policy, which, combined with a stronger U.S. dollar and rising yields, has diminished gold's appeal as a safe haven asset. BofA identifies a spike in oil prices as the primary threat to its gold price forecast, suggesting that if crude were to reach $150 per barrel, gold could average around $3,500 in 2027, a scenario the bank does not currently anticipate.
Investor confidence in gold exchange-traded funds (ETFs) remains fragile, with BofA noting that holders have largely maintained their positions despite market pressures. However, the bank cautions that without a resolution to the Middle East conflict, a rapid sell-off could occur, further driving prices down. Additionally, central banks, particularly in energy-importing nations, have shifted to net sellers of gold, with approximately 60 tonnes sold in the second quarter of 2026, adding another layer of risk to the market.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News