Recent market data indicate that inflation may remain above the Federal Reserve’s 2% target for an extended period. The five-year breakeven inflation rate is around 2.6% and has consistently stayed above key moving averages since October. Traders in the market are pricing in inflation near 2.9% through November, while many economists forecast the headline inflation … Read more

Most people first learn about gold purity at a jewelry counter: the salesperson explains karats, you nod, and you leave with a basic idea that 18K is richer than 14K. But when you begin researching gold as an investment, the language shifts dramatically. Investment descriptions use terms like: .9999 fine gold 24 karat bullion 22 … Read more

Gold prices may be only at the beginning of a much larger advance. Even after a recent pullback to roughly $3,200 per ounce, fund manager Jim Luke calls a $5,000 price target by the end of the decade a “frankly conservative” projection. What’s driving that view? Strong and growing demand from China, sustained purchases by … Read more

Global markets fell sharply on Monday as escalating trade tensions between the United States and China unnerved investors. Markets reacted strongly after President Trump threatened to raise tariffs on steel and aluminum to 50% beginning June 4, prompting a broad sell-off across equities and a decline in the U.S. dollar. Heightened uncertainty over trade policy … Read more

A recent Financial Times podcast examines an unexpected link between rising gold prices and shortages of chocolate. FT journalist Aanu Adeoye traveled to Ghana—a country that produces large quantities of both gold and cocoa—to investigate how these two industries interact on the ground. Her reporting, discussed with FT’s Susannah Savage, shows that booming gold values … Read more

London’s bullion market is under significant strain as large shipments of gold to the United States, paired with continued demand from China, are reducing readily available supplies. The current pressure on the market began when an uptick in US-directed gold shipments coincided with China’s steady accumulation. Together they have placed a two-way drain on London’s … Read more

President Trump’s call for the Federal Reserve to reduce interest rates by three percentage points has heightened investor concerns about “fiscal dominance,” a situation in which controlling government borrowing costs takes precedence over combating inflation. Following a recent budget bill that added trillions to the U.S. debt, and with Mr. Trump suggesting that lower rates … Read more

Australian gold miner Gold Road Resources has turned down a A$2.1 billion takeover proposal from South Africa’s Gold Fields, calling the offer “highly opportunistic” and asserting that it materially undervalues the company. The proposal from Gold Fields is aimed at increasing its stake in the Gruyere gold mine in Western Australia, which the two companies … Read more

Silver serves three distinct roles: an industrial metal, a monetary asset, and a jewelry staple. These functions overlap, and the balance between them has shifted meaningfully in recent years. The chart above illustrates how demand splits across these three sectors and highlights the notable change in silver’s demand profile since 2016. Silver Market Structure Silver … Read more

Gold is on a strong upward trajectory, reaching record highs as investors respond to rising geopolitical tensions, economic uncertainty, and significant purchases by central banks. While these price levels prompt comparisons to the 1980 peak—an era marked by runaway inflation and deep political instability—today’s macroeconomic backdrop is distinct. Current inflation and unemployment are comparatively lower, … Read more