Key Takeaways Central banks are accelerating a long-term move from overseas custody at the New York Federal Reserve and the Bank of England to domestic vault storage, driven by a structural reassessment of sovereign custody risk rather than short-term price speculation. The 2022 freeze of roughly $300 billion in Russian reserves crystallised the political risk … Read more

Key Takeaways On July 8, 2026, Bank of America lowered its 2026 average gold price forecast by 14% to $4,360 per ounce, citing a more hawkish Federal Reserve view — while still maintaining a long-term $6,000 per ounce target once the tightening cycle ends. The Federal Reserve’s capacity to raise rates aggressively is limited by … Read more

Key Takeaways The World Gold Council’s Gold Valuation Framework places fair value at about $4,100 per ounce under current conditions, with a tolerance band from $3,895 to $4,305. With spot gold near $4,044.80, prices sit just under the midpoint. The WGC warns that sustained trading below $4,000 could prompt additional selling pressure. Central banks have … Read more

Key Takeaways Identify the trend first. Use the 200 SMA to establish the long-term direction before applying other indicators. Trading against the long-term trend reduces the likelihood of a well-timed entry. Support and resistance are your map. Key price levels — shaped by previous highs and lows, moving averages, and volume clusters — define the … Read more

The Federal Reserve published the minutes from Chair Kevin Warsh’s first meeting on July 8, 2026, at 2:00 p.m. ET. By late afternoon on that day, gold traded near $4,075, down about 0.75%, while silver was around $58.27, off roughly 2.83%. Both metals are well into correction territory: gold sits about 27% below its January … Read more

On July 6, 2026, Citigroup quietly became the most powerful newcomer in global gold trading. Citi did not buy bullion or change a price target. Instead it took a structural step: it joined London Precious Metals Clearing Limited (LPMCL), the institution that settles nearly every gold, silver, platinum, and palladium trade globally. No new bank … Read more

At the NATO summit in Ankara on the morning of July 8, 2026, President Trump declared the US-Iran ceasefire “over.” Oil prices surged more than 6% on the announcement, while gold fell $34 to $4,072 and silver dropped 2.5% to $58.45. That reaction — a geopolitical escalation coinciding with lower gold prices — may seem … Read more

Key Takeaways Profit booking in gold and silver refers to selling positions to lock in gains after a price rise — functionally the same as “profit taking” in Western markets. Profit booking typically creates temporary price dips rather than structural trend reversals. The long-term reasons to hold gold and silver usually remain intact. Silver tends … Read more

Iran’s Islamic Revolutionary Guard Corps fired missiles at a Qatari LNG carrier in the Strait of Hormuz on Tuesday, a strike that coincided with a sharp intraday drop in the gold price. Gold declined roughly $49, sliding from $4,165 to an intraday low near $4,116. The attack took place on Day 20 of the 60-day … Read more

China’s central bank has published its gold reserve figures for June 2026. According to the State Administration of Foreign Exchange, the People’s Bank of China added 480,000 troy ounces of gold in June — equivalent to 14.93 tonnes. That purchase, reported on July 7, 2026, is the largest single-month addition since 2023 and extends the … Read more