A recent Bank of America survey of fund managers found that 49% consider gold the “most crowded trade,” replacing the Magnificent 7 technology stocks in that spot for the first time in two years. However, ETF data paints a different picture: gold-backed ETFs account for roughly 2% of total ETF assets today, well below the … Read more

Recent Federal Reserve surveys show rising concern among U.S. manufacturers over former President Trump’s proposed tariff plans. The Philadelphia Fed’s April manufacturing index dropped sharply to -26, marking its lowest reading since April 2023. At the same time, the index tracking prices paid by manufacturers climbed to a 21-month high, signaling growing cost pressures for … Read more

Gold rebounded to $3,255.59 per ounce as investors shifted their attention to upcoming U.S. inflation data that could influence interest-rate expectations and precious-metal demand. Earlier, the metal dropped after the United States and China announced a 90-day agreement to reduce certain tariffs. Under the deal, some U.S. duties on Chinese goods fell from as high … Read more

Initial jobless claims for the week ending July 19 fell to 217,000, 4,000 fewer than the previous week and notably below the 227,000 forecast. The lower-than-expected claims signaled continued labor-market resilience, prompting Treasury yields to move higher across the curve. Specifically, the benchmark 10-year Treasury yield climbed to 4.434%, the 2-year rose to 3.923%, and … Read more

Steve Sosnick, chief strategist at Interactive Brokers, called gold the “anti-dollar,” noting the metal’s historical tendency to move opposite the U.S. dollar. He pointed to recent political and fiscal tensions in the United States — including credit-rating concerns and rising budget deficits — as factors that have increased gold’s appeal as a hedge against risk … Read more

Gold prices have surged 30% in 2025, climbing to $3,500 per ounce in April as trade uncertainty and geopolitical tensions drove investors toward safe-haven assets. Analysts at J.P. Morgan forecast that gold will average $3,675 per ounce by late 2025 and could approach $4,000 per ounce by mid-2026, reflecting expectations of continued market stress and … Read more

Nearly half of the world’s central banks intend to increase their gold reserves over the next three years, responding to the economic and political uncertainty created by recent tariff-driven trade policies. Research from Invesco shows that 50% of monetary authorities now regard gold as an essential “reserve of resilience,” valued for its role as a … Read more

Gold slipped for a second day, retreating as much as 2.6% from its recent record above $3,500 per ounce. The pullback began Tuesday as some investors took profits after the sharp rally. Selling pressure intensified when President Trump reduced two key market concerns: he appeared to back away from threats to remove Federal Reserve Chair … Read more

Precious metals investors often blame inflation, geopolitics or Federal Reserve policy for sudden price swings. Yet one of the most powerful — and least understood — drivers of short-term volatility is margin hikes. When exchanges raise margin requirements, markets rarely “adjust” smoothly. Instead they can move dramatically: steady advances can reverse into sharp declines, rallies … Read more

Gold has no single fair value. At around $4,752/oz in April 2026, it sits above its long-term inflation-adjusted average but remains in the middle of its historical range relative to U.S. M2 money supply. A Dow/gold ratio near 10 indicates a mature — not exhausted — bull market. Gold traded near $4,752 per ounce as … Read more