Gold opened Friday at $4,661.33 per ounce, marking a 3.5% weekly retracement following a period of intense price discovery and sharp volatility. While the yellow metal has displayed remarkable resilience, the path to the psychological milestone of $10,000 remains a steep climb, requiring a further 114.5% gain from current levels. Before we get to the point of Gold reaching $10,000 …
Continue ReadingGold and silver have largely defied traditional safe-haven expectations during the 2026 Iran conflict, experiencing significant volatility and price declines rather than consistent rallies. Gold fell over 10% and silver over 20% in March 2026, often dropping when oil prices spiked as investors sold assets, including gold, for liquidity amid a stronger US dollar. Copper prices have remained resilient during the war, …
Continue ReadingGold accounted for 59% of January’s platform volume as prices hit record highs, while oil trading spiked 649% tied to Middle East tensions. The CFD broker’s first-quarter figure nearly matches its full-year 2024 total of $1.7 trillion, with total trades up 81% year-over-year. Capital.com said client trading volumes on its platform reached $1.27 trillion in the first quarter of …
Continue ReadingBank of America Corp reported a sharp rise in commodities trading revenue in the first quarter, with gains driven by heightened volatility in oil and precious metals markets that boosted performance across its trading businesses, according to a report by Bloomberg. The bank said commodities trading revenue increased by around 60% year-on-year, reflecting unusually strong client activity amid rapid price …
Continue ReadingThe safe-haven asset has been volatile recently, and how it performs from here on out will likely depend on the economy. The price of gold has been fluctuating between $4,500 and $5,500 for much of 2026. The volatility and uncertainty around the economy, the war in Iran, and broader geopolitical issues appear to have all been weighing on its value. On Monday, …
Continue ReadingThe 2006 Halfway Point During the last major bull market, gold spiked to $730 in 2006 and then consolidated for 16 months before resuming its uptrend. That marked the halfway point of the decade-long bull run. The 2026 Halfway Point? A repeat of the 2006 halfway pattern in 2026 would suggest gold remains range-bound between $4,000 and $5,600 into 2027, before entering …
Continue ReadingBrent crude recently surged past the $100 threshold before a fleeting de-escalation pulled prices back toward $94. However, the respite proved temporary. Crude is once again on an upward trajectory, with Brent trading at $97.71 and WTI closely trailing at $97.40. This renewed momentum suggests that market participants remain deeply skeptical regarding the resolution of supply-side risks. With the Strait of Hormuz …
Continue ReadingGold surged to $4,850 per ounce today (Wednesday), April 8, 2026, gaining over 3% as the US-Iran two-week ceasefire triggered a sharp reversal in the dollar and oil markets. Silver outperformed with a nearly 7% rally to $77 per ounce, its highest level since March 18. The ceasefire announcement followed President Trump’s acceptance of a 10-point Iranian proposal as a …
Continue ReadingChina’s central bank increased its gold reserves for the 17th consecutive month in March. Analysts noted that this steady and sustained buying is intended to optimize the structure of reserves and hedge sovereign risks, especially amid a complex international environment. According to official data released on Tuesday, China’s gold reserves stood at 74.38 million ounces at the end of March, …
Continue ReadingThe Bank of France (BdF) says it has pulled the remaining gold stored in New York and replaced it with a similar amount at its vaults in Paris. Due to rising gold prices, the move helped the bank to generate a capital gain of 13 billion euros ($15 billion), bringing it to a net profit of 8.1 billion euros for …
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