Gold prices edged higher in early trading Wednesday as US Treasury yields inched lower, although persistent inflation and the prospect of further Federal Reserve tightening continued to limit gains in precious metals. At the time of writing, spot gold was trading near $4,132.70 an ounce, up 0.22%. Spot silver moved in the opposite direction, down 0.58%, to around $57.61 an …
Continue ReadingIt’s becoming more apparent that Western nations are in danger of descending into stagflationary quagmires like Venezuela has become. In America for example, the government’s fiat money enthusiasts are focused on debt-themed mid-term elections… while struggling citizens face stifling inflation that threatens to go out of control. Citizens of Russia, Ukraine, and Iran are trying not to get ruined by …
Continue ReadingDigital gold could bring $95 billion (C$135 billion) in new money into bullion by 2031 if providers can win investors’ trust, the World Gold Council and Boston Consulting Group estimate. A joint report released Monday projects the market for digital gold, which lets investors own physical bullion through digital tokens or online accounts while a custodian stores the metal, could …
Continue ReadingAdvisors and investors have certainly been keeping an eye on gold prices as of late, but what’s going on with the gold miners themselves may be equally as interesting. Key Takeaways: Gold miners performed well in August, given that the precious metal offered a potent use case during the debasement trade and a weakening dollar. Despite gold miners offering strong …
Continue ReadingInvestors poured a record amount of money into gold-backed exchange-traded funds (ETFs) last quarter even as bullion suffered its sharpest monthly drop of the year, underscoring an unusual split between ETF investors and futures traders. Global gold ETFs attracted $10 billion (C$14.3 billion) in September, lifting third-quarter inflows to a record $31 billion, the World Gold Council said Wednesday. Holdings …
Continue ReadingThe central bank gold spree continued unabated in August, with global gold reserves increasing by a net 39 tonnes. Year to date, central banks globally have reportedly added approximately 170 tonnes of gold. The Gold Buyers The People’s Bank of China ranked as the top gold buyer in August, increasing its official reserves by another 20 tonnes. That followed on …
Continue ReadingIf you only looked at the price of gold in September, you’d be forgiven for believing the bull market had run out of steam. The yellow metal fell 6.3% during the month, and some in the financial press were quick to say it had failed as a safe haven. I’ve spent my entire professional life in gold and gold mining …
Continue ReadingGold prices steadied near $4,160 an ounce even as billions of dollars continued flowing into bullion-backed exchange-traded funds, exposing a divide between investment demand and weak price momentum. Spot gold was around $4,161.67 in Asian trading after losing 6.6% in September, its worst month since June. US-listed gold ETFs attracted $3.8 billion during the month, following $7.9 billion in August. …
Continue ReadingGold has recovered towards $4,200, but UBS’s December forecast of $4,600 still requires a gain of almost 10% from current levels. Gold’s sharp September retreat has left a much steeper climb to UBS’s $4,600 year-end forecast, even as bullion recovers some of Monday’s losses. The Gold price (XAU/USD) edged up 0.20% to around $4,195 an ounce on Wednesday morning, following …
Continue ReadingAfter a stellar 2025, 2026 has seen a pivot away from precious & critical minerals, as we await a new pivot From the standpoint of the most precious metal of all, gold, the stock market has been the star of 2026. All year we anticipated a bottom to be put in at/above the green shaded box. If that bottom is …
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