Monday morning brings two decisive events that are likely to shape the gold price outlook for the remainder of 2026. First, the June Consumer Price Index (CPI) is released at 8:30 AM ET on July 14 by the Bureau of Labor Statistics. Ninety minutes later, Federal Reserve Chair Kevin Warsh will testify before the House … Read more

Key Takeaways Central banks are accelerating a long-term move from overseas custody at the New York Federal Reserve and the Bank of England to domestic vault storage, driven by a structural reassessment of sovereign custody risk rather than short-term price speculation. The 2022 freeze of roughly $300 billion in Russian reserves crystallised the political risk … Read more

Key Takeaways On July 8, 2026, Bank of America lowered its 2026 average gold price forecast by 14% to $4,360 per ounce, citing a more hawkish Federal Reserve view — while still maintaining a long-term $6,000 per ounce target once the tightening cycle ends. The Federal Reserve’s capacity to raise rates aggressively is limited by … Read more

Key Takeaways The World Gold Council’s Gold Valuation Framework places fair value at about $4,100 per ounce under current conditions, with a tolerance band from $3,895 to $4,305. With spot gold near $4,044.80, prices sit just under the midpoint. The WGC warns that sustained trading below $4,000 could prompt additional selling pressure. Central banks have … Read more

Key Takeaways Identify the trend first. Use the 200 SMA to establish the long-term direction before applying other indicators. Trading against the long-term trend reduces the likelihood of a well-timed entry. Support and resistance are your map. Key price levels — shaped by previous highs and lows, moving averages, and volume clusters — define the … Read more

The Federal Reserve published the minutes from Chair Kevin Warsh’s first meeting on July 8, 2026, at 2:00 p.m. ET. By late afternoon on that day, gold traded near $4,075, down about 0.75%, while silver was around $58.27, off roughly 2.83%. Both metals are well into correction territory: gold sits about 27% below its January … Read more

On July 6, 2026, Citigroup quietly became the most powerful newcomer in global gold trading. Citi did not buy bullion or change a price target. Instead it took a structural step: it joined London Precious Metals Clearing Limited (LPMCL), the institution that settles nearly every gold, silver, platinum, and palladium trade globally. No new bank … Read more

At the NATO summit in Ankara on the morning of July 8, 2026, President Trump declared the US-Iran ceasefire “over.” Oil prices surged more than 6% on the announcement, while gold fell $34 to $4,072 and silver dropped 2.5% to $58.45. That reaction — a geopolitical escalation coinciding with lower gold prices — may seem … Read more

Key Takeaways Profit booking in gold and silver refers to selling positions to lock in gains after a price rise — functionally the same as “profit taking” in Western markets. Profit booking typically creates temporary price dips rather than structural trend reversals. The long-term reasons to hold gold and silver usually remain intact. Silver tends … Read more

Iran’s Islamic Revolutionary Guard Corps fired missiles at a Qatari LNG carrier in the Strait of Hormuz on Tuesday, a strike that coincided with a sharp intraday drop in the gold price. Gold declined roughly $49, sliding from $4,165 to an intraday low near $4,116. The attack took place on Day 20 of the 60-day … Read more