Gold Rallies on Iran-Israel Escalation as Investors Seek Safety
Gold prices increased on Tuesday as tensions between Israel and Iran drove investors toward safe-haven assets. Spot gold rose 0.1% to $3,386.29 per ounce. The conflict has escalated to concerning levels, with Jordan’s King Abdullah warning of global threats. Meanwhile, investors are watching the Federal Reserve’s upcoming policy meeting on…
WGC Survey: 76% of Central Banks Plan to Boost Gold Reserves
A World Gold Council survey of 73 central banks reveals a major shift in global reserve preferences. 76% of central banks expect to increase their gold holdings over the next five years, while nearly three-quarters anticipate reducing their dollar reserves. This trend reflects gold’s appeal as a crisis hedge and…
Silver Shines at Highest Price Since 2012 on Perfect Storm of Demand
Silver maintained its position near $36.40 per ounce on Monday, marking the highest price point in 13 years. The rally is driven by three key factors: surging industrial demand from solar panels and electronics, a fifth consecutive year of supply deficits, and increased safe-haven buying due to the Israel-Iran conflict….
Gold Dethrones Euro as World’s #2 Reserve Asset as Central Banks Stockpile Record Amounts
Gold has overtaken the euro to become the world’s second-largest reserve asset after the US dollar, according to a new ECB report. This shift reflects gold’s 60% price surge over the past two years and massive central bank buying, with over 1,000 tonnes purchased in 2024 alone—double the previous decade’s…
J.P. Morgan Raises Gold Forecast to $4,000/oz by Mid-2026 as Safe-Haven Demand Soars
Gold prices have surged 30% in 2025, reaching $3,500/oz in April amid trade uncertainty and geopolitical tensions. J.P. Morgan analysts predict gold will average $3,675/oz by late 2025 and approach $4,000/oz by mid-2026. The precious metal broke through $2,900/oz for the first time in February 2025, driven by U.S. tariff…
Asia Drives 70% of Global Gold Demand as East Reshapes Precious Metals Markets
Asia has become the epicenter of global gold demand, accounting for 70% of annual consumer gold consumption. Led by China and India, which together represent over half of world gold demand, Asian markets are modernizing rapidly through digital platforms, institutional products, and innovative investment channels. Beyond cultural significance, gold is…
Golden Throne Thieves Get Prison Time for $6 Million Blenheim Palace Heist
Two men have been sentenced to prison for stealing an 18-carat gold toilet worth $6 million from Blenheim Palace in 2019. James Sheen, the mastermind, received four years in prison, while Michael Jones got 27 months. The artwork, titled “America” by Italian artist Maurizio Cattelan, was stolen in a five-minute…
Gold Consolidates Above Key $3,400 Level After Geopolitical Risk-Driven Surge
Gold prices pulled back on Monday as investors took profits after a significant rally driven by Middle East tensions. The precious metal had reached near two-month highs following Israeli strikes on Iranian territory and Iran’s missile response targeting Israeli sites. Despite Monday’s 0.5-0.7% decline, analysts note that gold remains above…
Gold Retreats From Geopolitical Rally as Israel-Iran Tensions Continue
Gold retreated from earlier gains on Monday, settling around $3,415 per ounce—approximately $80 below its April record high. The Israel-Iran conflict, now in its fourth day with continued missile and drone exchanges, initially boosted gold prices but wasn’t enough to sustain the momentum. Last week saw a 3.7% increase in…
Gold Becomes World’s #2 Reserve Asset as Nations Seek Sanctions-Proof Holdings
Central banks worldwide have pushed gold to become the second-largest reserve asset after the US dollar, surpassing the euro for the first time. Gold now represents 20% of global reserves versus the euro’s 16%, following record purchases of over 1,000 tons annually since 2022—double the previous buying pace. This shift…