Key Takeaways Purchasing power is how much real goods and services a unit of currency can buy. If the money supply grows faster than the economy, purchasing power declines even if your nominal bank balance does not change. Since August 15, 1971, the U.S. dollar has lost roughly 87% of its purchasing power, based on … Read more

This morning the University of Michigan published its preliminary July inflation survey. One‑year consumer inflation expectations fell to 4.2%, down from 4.6% in June (University of Michigan Surveys of Consumers, July 2026 preliminary). That decline outperformed many forecasts. Yet gold has declined by roughly 3% this week. The gap between the survey and market moves … Read more

Key Takeaways State Street’s July 2026 Monthly Gold Monitor headline target is $5,000 per ounce by early 2027, with a 70% baseline scenario range of $4,750–$5,500, as stated by its SPDR Gold Strategy Team led by Aakash Doshi. [State Street Investment Management] The June correction — gold’s steepest quarterly drop since 2013 — was driven … Read more

Gold opened this morning at $4,016 and silver slipped to $56.28, marking silver’s sharpest single-session decline in more than a week. The pullback followed the June retail sales report, which included a quiet but important reversal in the components that have pressured gold throughout the year. Released at 8:30 AM ET by the U.S. Census … Read more

Gold and silver usually move in tandem, but today they diverged. Gold closed essentially unchanged, up less than 0.1%, while silver fell 1.4% to $57.84 an ounce. That move pushed the gold-silver ratio to roughly 70:1, meaning one ounce of gold now buys about 70 ounces of silver. This level sits near the upper end … Read more

Fed Chair Kevin Warsh appeared before the Senate Banking Committee on Wednesday and delivered a clear message to Wall Street about gold prices and Fed policy for 2026: stop focusing on the Fed and start focusing on the data. “My message to them is: play the ball, don’t play the Fed,” Warsh said, explaining why … Read more

In today’s update: Gold fell 3.4% this week — its worst weekly decline since June — as U.S.-Iran hostilities pushed oil sharply higher, lifting inflation expectations and repricing Fed rate-hike odds. Physical buying in Asia remained resilient. This correction in the gold market in July 2026 was driven primarily by energy-related developments. On Friday, spot … Read more

Two consecutive softer-than-expected inflation reports arrived within 48 hours. June’s Consumer Price Index (CPI) surprised to the downside, and this morning’s Producer Price Index (PPI) reinforced that disinflationary trend. Under conventional market logic, such data would typically spark a sustained rally in gold. Instead, gold is trading near $4,041, slightly lower on the day, while … Read more

Gold opened the session near $3,983, then spiked after the Bureau of Labor Statistics released the June Consumer Price Index. At 8:30 a.m., the CPI showed a 0.4% drop for the month — the sharpest monthly decline since April 2020 — and gold surged to around $4,103. By 10:00 a.m., as Federal Reserve Chair Kevin … Read more

Gold is trading at $4,065 per ounce this morning, down $55 or about 1.4% on the day (price data through July 13, 2026). Silver has dropped to $58.49, off roughly 2.3%. Both metals slid after US forces launched a fourth round of strikes against Iran over the weekend in response to an Iranian attack on … Read more