The Bank for International Settlements (BIS) has issued a stern warning that recent trade policies could undermine the progress made in controlling inflation. BIS General Manager Agustín Carstens noted that tariffs are introducing a level of economic uncertainty similar to that seen in crisis periods, potentially placing central banks under significant pressure. This uncertainty, combined … Read more

The 21st annual Central Banking survey, sponsored by HSBC, shows that currency market intervention by central banks is more widespread than commonly acknowledged. Of the 84 central banks that responded—together overseeing $7.1 trillion in reserves—half said they had intervened in foreign-exchange markets during the past year. The survey also indicates a notable shift in reserve … Read more

Gold’s price behavior has fundamentally shifted since 2022, severing its long-standing tie to real interest rates as the metal climbs to record levels near $2,798 per ounce. The change accelerated after Russia’s invasion of Ukraine and the imposition of Western sanctions, which prompted many central banks to reassess their reliance on US dollar reserves. China … Read more

China’s gold market opened 2025 on a strong note, with notable price gains recorded in both London and Shanghai despite a shortened trading calendar caused by the Chinese New Year holiday. In January the People’s Bank of China added another 5 tonnes to its official bullion reserves, bringing the total to 2,285 tonnes. At the … Read more

Gold remains the standout performer among commodities, having reached an April high near $3,500 per ounce and currently trading around $3,320. The metal has attracted substantial inflows into gold-backed exchange-traded products as investors seek protection amid uncertainty over U.S. trade policies, fiscal plans, and elevated geopolitical tensions. These factors have reinforced gold’s role as a … Read more

Citi has raised its three-month gold price target to $3,500 per ounce, up from $3,300, citing worsening U.S. economic indicators and renewed inflation risks. The bank now expects gold to trade in a roughly $3,300 to $3,600 range as a mix of factors supports the metal. New tariffs announced by President Trump affecting dozens of … Read more

Central banks across the globe are slowing the pace of interest-rate reductions as they approach the close of their monetary stimulus cycles. After a prolonged period of easing designed to support growth and financial stability, many monetary authorities are stepping back from aggressive rate cuts and adopting a more measured stance. One primary reason for … Read more

John Williams, president of the Federal Reserve Bank of New York, says current interest rates are appropriately “modestly restrictive,” allowing the Fed room to assess incoming economic data. He cautions, however, that the full effects of recently imposed tariffs have not yet been felt and that those effects are still working their way through the … Read more

Russia has started piloting a blockchain-based digital gold system for international settlements, aiming to reduce dependence on the US dollar and to mitigate the impact of sanctions. These digital assets are tokens backed by physical gold held in secure vaults and are valued according to international gold prices. The initial pilot lets participants purchase the … Read more

Gold sits at a crossroads. The metal slipped to $4,448 this week (as of June 5, 2026), marking its weakest weekly performance in a month. Short-term headlines focus on rising rate-hike expectations and the fears they spark for gold. But the structural picture — central bank buying, historical patterns, and the sound-money argument — paints … Read more