Gold Tumbles to One-Month Low as Geopolitical Risks Ease
Gold prices dropped over 1% on Friday to their lowest level in nearly a month, falling to $3,282.68 per ounce. The decline was driven by easing global tensions, including the Iran-Israel ceasefire and progress on U.S.-China trade discussions. Gold has lost more than 2% this week and fallen over $200…
Trump’s Fed Criticism Sparks European Fears Over $245 Billion in US-Stored Gold
Germany and Italy are under pressure to bring home $245 billion worth of gold currently stored in US Federal Reserve vaults. European politicians and taxpayer groups worry that President Trump’s criticism of the Federal Reserve could threaten their gold’s safety. Germany has about 1,200 tonnes (one-third of its reserves) in…
Dollar Set for Further Decline as Foreign Investors Boost Currency Protection
Goldman Sachs’ Richard Chambers predicts the dollar will continue to weaken as foreign investors increase their currency hedges due to market volatility. The Bloomberg Dollar Index has fallen over 8% this year—its worst start ever—amid policy uncertainty. Chambers expects reduced foreign demand for US bonds as European investors focus on…
The Gold Strategy That Nearly Doubles Traditional Portfolios
For decades, financial advisors have preached the same gospel: allocate 60% of your portfolio to stocks and 40% to bonds. It’s been the cornerstone of “responsible” investing, the safe harbor endorsed by nearly every major financial institution. Now, in a striking reversal, Goldman Sachs — one of Wall Street’s most…
Gold Rises on Fed Uncertainty While Palladium and Platinum Surge to Multi-Year Highs
Gold prices advanced on Thursday, benefiting from a weaker U.S. dollar as markets grappled with uncertainty over Federal Reserve policy direction. Spot gold rose 0.2% to $3,339.38 per ounce, while U.S. gold futures gained 0.3% to $3,352.30. The dollar’s decline made gold more attractive to international buyers, while President Trump’s…
Shanghai Gold Exchange Goes Global: First International Vault Opens in Hong Kong
China has opened its first offshore gold vault in Hong Kong through the Shanghai Gold Exchange (SGE), marking the exchange’s first expansion outside mainland China. The new facility will allow trading in Chinese yuan rather than US dollars, supporting China’s efforts to reduce dollar dependence. As the world’s largest gold…
Global Reserve Managers Pivot to Gold Amid Rising Geopolitical Risks
The global economic landscape is experiencing a fundamental shift, prompting central banks worldwide to reconsider their traditional investment approaches. OMFIF’s latest Global Public Investor report, surveying 75 central banks managing over $7 trillion in assets, reveals significant changes in reserve management strategies. Key findings show that 96% of reserve managers…
Why Central Banks Keep Buying Gold While Markets Remain Volatile
Current gold market dynamics show interesting trends despite volatility from tariff discussions. Gold remains a foundational asset for central banks worldwide. The US Treasury holds 8,100 tons of gold across four locations (Fort Knox, NY Fed, Denver Fed, and West Point), valued at $42.22 per ounce on the Fed’s balance…
The Numbers Don’t Lie: Gold Has Matched Stock Returns Since 1971
Since the U.S. abandoned the gold standard in 1971, gold has delivered impressive 8.4% annual returns, nearly matching the 9.2% from global equities. Even more striking, gold has outperformed stocks since 2000, returning 10.1% annually versus 5.9% for equities. Gold’s true value lies in its diversification power – it moves…
As National Debt Tops $37 Trillion, There’s Still One Asset Washington Can’t Print
While the national debt soars $4.7 billion daily, this inflation hedge has zero counterparty risk…