Gold
Media comment has in recent years focused on central banks "removing gold from London" in what's been called "repatriation".
At the beginning of the year, there were concerns raised in Germany about the security of its central bank’s reserves in New York.
Strong economic data could increase expectations of an earlier rate hike, which in turn may put further pressure on bullion.
As of September 1, gold's price is sitting at $4,369.19 per ounce, putting it about 21.8% below its January peak.
Gold fell on Monday, hovering near a two-week low, as investors assessed growing expectations of a Federal Reserve rate hike following hawkish comments from Chair Kevin Warsh as a surge in oil prices further added to inflation concerns.
The precious metal edges lower on a surprisingly hawkish speech by Federal Reserve (Fed) Chairman Kevin Warsh at the Jackson Hole economic symposium.
Economists and policymakers are divided over the need to hike rates in the coming months, which would be a headwind for non-yielding gold. Though Fed officials kept borrowing costs unchanged in July, three dissented in favor of a quarter-point hike.
Gold miners saw record profitability in Q1 2026 as soaring bullion prices outweighed a 16% annual rise in AISC, despite higher royalties and operating costs.
Gold prices extended losses on Wednesday after U.S. inflation data came largely in line with expectations, increasing bets on a Federal Reserve interest-rate hike next month, while investors also awaited remarks from Chairman Kevin Warsh this week.
Bitcoin also benefited from a favorable week of news coming out of Washington with progress on a handful of bills that spurred optimism about its future.
Together, that put the official wholesale price in gold's No.1 consumer nation at a discount to London quotes of nearly $9 per ounce, the steepest disincentive for new imports into China since early April.
Investment demand continues to provide support. Indian gold ETFs recorded net inflows of INR 1,560 crore in July, taking total holdings to about 120 tonnes.
Gold bullion jumped $100 inside 45 minutes, hitting its highest since the first week of June above $4460 per troy ounce.
The precious metal also faced pressure from rising oil prices as the US and Iran showed little indication of reaching an agreement to end the conflict and reopen the Strait of Hormuz in the near term.
The U.S. dollar lingered around multi-month lows against most major currencies. A weaker U.S. currency makes dollar-priced metals less expensive for holders of other currencies.
The WGC noted that a sustained rise in gold prices could lead to a further rise in investment demand.
The U.S. dollar index was down 0.1%, making greenback-priced metals more affordable for other currency holders. [USD/]
Last Tuesday, August 4, I outlined a case for a breakout, arguing that price action, options pricing and futures sentiment all hinted at quiet accumulation.
The report’s portfolio analysis found that a 5% gold allocation improved returns while reducing volatility. Gold should be viewed as a distinct strategic portfolio asset, WGC concluded.
State Police encourages New Yorkers to speak with their loved ones, even if you don’t believe you’re being scammed, before sending anything to a stranger.
Gold has moved out of its July range. The World Gold Council sees the $ 4,493-per-ounce 200-day moving average as the next major technical hurdle, followed by resistance near $4,574, which, if broken, could signal a long-term uptrend in gold prices.
A new World Gold Council survey found that 89% of central banks expect global gold reserves to grow over the next year, while a record 45% plan to add to their own holdings. Central banks are the institutions that manage a country's money and financial reserves.
The recovery was led by European funds, which attracted about $2 billion. The UK and Switzerland accounted for much of the regional buying, with inflows of $875 million and $657 million, respectively. Investors reportedly used lower July gold prices to rebuild their positions.
Key U.S. data scheduled for release this week include the Consumer Price Index (CPI) on Wednesday and the Producer Price Index (PPI) on Thursday.
From 1957 through 2023, gold generated an annualized inflation-adjusted return of roughly 2.5%, while U.S. consumer-price inflation averaged 3.7%.