Key Takeaways Vault insurance should be underwritten by Lloyd’s of London syndicates. Coverage must be per-occurrence, not aggregate, so one client’s claim does not reduce availability for another’s. UL Class 3 under UL Standard 608 is the highest physical security rating and requires two hours of sustained attack resistance with industrial tools. London underwriters should … Read more
Gold fell below $4,000 per ounce today for the first time since November, prompting many headlines declaring the end of the so‑called “debasement trade.” The argument driving those headlines is straightforward: the Federal Reserve signaled more tightening, real yields turned positive, the dollar strengthened, and bullion has dropped roughly 28% from its January high. That … Read more
Gold ETF outflows accelerated in 2026 after the rate-cut narrative that pushed gold to $5,595 in January reversed. The Federal Reserve adopted a more hawkish stance as Iran-related oil price pressure rekindled inflation concerns. Standard Chartered analyst Suki Cooper noted that roughly 298 tonnes of gold held within ETFs are now underwater — a meaningful … Read more
In today’s update: Gold has dropped below $4,000 for the first time since November 2025 and silver has fallen under $60 for the first time since December 2025. Yet beneath the headline weakness, China recorded its largest monthly gold imports in over two years, gold ETFs reversed recent outflows, and major banks continue to project … Read more
Spot prices for precious metals fell today for two distinct, unrelated reasons. First, a sudden global selloff in semiconductor stocks prompted institutional traders to liquidate profitable positions — including allocations to precious metals — in order to cover losses in equities. Second, the Federal Reserve’s hawkish dot plot released on June 17 pushed real yields … Read more
Goldman Sachs reduced its year-end gold target from $5,400 to $4,900 on June 19. Other major banks differ: JPMorgan remains at $6,000, Wells Fargo at $6,100–$6,300, and Deutsche Bank at $6,000. Goldman’s downside scenario is $4,400. That leaves a $1,100 spread between the most cautious and the most bullish forecasts — a wide divergence among … Read more
Key Takeaways Gold is trading at $4,177 per ounce today, roughly 25% below its January 2026 peak of $5,589, yet still about 28% higher than a year ago. Morgan Stanley retains an upside view for gold in the second half of 2026 and argues a $5,200 level is achievable, but this depends on a specific … Read more
In today’s update: an Iran peace roadmap, U.S. oil sanctions temporarily lifted, a U.K. prime minister resigns, and 89% of central bank reserve managers plan to increase gold holdings. Through it all, gold remained above $4,100. Below is what each development means for the precious metals market. Five major stories are shaping the gold market … Read more
On June 19, Goldman Sachs analysts Lina Thomas and Daan Struyven revised their year-end gold price forecast, lowering it from $5,400 to $4,900 per ounce. The adjustment reflects a change in the bank’s view of the Federal Reserve’s path: Goldman no longer expects any rate cuts in 2026 and now sees the first easing as … Read more
Key Takeaways PCE is the Fed’s preferred inflation gauge. It adjusts for substitution in consumer spending and covers a broader basket than CPI, making it the metric most directly tied to Federal Reserve policy decisions. May PCE is due Thursday, June 25. Core PCE ran at 3.3% in April. A hotter-than-expected reading near or above … Read more