Newmont Corporation, the world’s largest gold producer, released its second-quarter 2026 results on July 23 and surprised many observers. Even though the gold price declined about 13% between April and June, Newmont reported a 47% increase in adjusted earnings per share year-over-year, generated record second-quarter free cash flow, and returned $1.9 billion to shareholders. That … Read more

Scott Bessent stated clearly on July 15 that the United States holds more than $1 trillion in gold. That figure is accurate when measured at current market prices. At roughly $4,050 per troy ounce, the nation’s official holding of about 261.5 million fine troy ounces of bullion is worth approximately $1.06 trillion on the open … Read more

Key Takeaways Gold has corrected roughly 26% from its all-time high. Silver has corrected roughly 51% from its all-time high. The structural case for both metals remains intact despite price volatility. Central banks bought an unusually large amount of gold in recent years, and silver has entered multiple consecutive years of supply deficit. Physical demand … Read more

Key Takeaways Gold reached a record high of $5,589.38 on January 28, 2026, then declined roughly 28% to about $4,046 by July 2026 — the largest quarterly pullback since 2013. Three clear, traceable factors drove the correction: a hawkish pivot by the Federal Reserve under Chair Kevin Warsh, an Iran-related oil shock that increased inflation … Read more

As of Tuesday, July 21, 2026, silver was trading near $58.92 per ounce, up roughly 4.5% from Monday’s close of $56.40. Gold rose about 1.2%, reaching approximately $4,054 per ounce. Silver is outperforming gold by more than three to one. The immediate catalyst was a 10-day ceasefire proposal that Iran received from mediators, which triggered … Read more

Key Takeaways The gold volatility index (GVZ) is published by Cboe Global Markets and quantifies the market’s expectation of 30-day price movement in gold by using options on the SPDR Gold Shares ETF (GLD). A GVZ reading of 25 indicates the options market is pricing in annualized movement of about 25% over the coming 30 … Read more

Gold traded at $4,077 per ounce on Tuesday, a 1.7% rise from its opening level of $4,007. Silver posted a larger move, climbing 4.6% to $59.03 after recovering from a selloff that pushed it below $55 last week. As a result, the gold-silver ratio fell from 71.1 on Monday to 68.9 on Tuesday, a shift … Read more

Key Takeaways JPMorgan cut its Q4 2026 gold forecast by 25% to $4,500/oz on July 3, down from a $6,000 target issued June 9. The bank now projects $4,300 as the Q3 average. The driver of the cut is a renewed short-term sensitivity to real interest rates: JPMorgan estimates gold has fallen roughly $20/oz for … Read more

In four days, China’s biggest banks will stop offering retail clients leveraged paper gold products tied to the Shanghai Gold Exchange. The change was announced quietly in Beijing in late June and represents one of the most consequential structural shifts in the global gold market this year. Despite its significance, mainstream coverage has largely overlooked … Read more

Oil is up about 3% this morning. Under typical conditions that move would normally pressure silver, and most traders understand why. Yet today silver is moving higher instead of falling, a divergence that is worth examining because it reveals how markets are already pricing in future policy decisions. Silver’s spot price is trading near $56.87, … Read more