Gold demand across major Asian markets strengthened this week after prices eased from the recent peaks. In India, local dealers began quoting discounts of around $34 per ounce compared with earlier levels. Traders and market participants said that if gold prices decline further toward roughly 90,000 rupees per 10 grams, retail and wholesale buying could … Read more

The Japanese yen weakened after the Bank of Japan decided to keep interest rates steady and revised down its economic growth outlook, citing the impact of US tariffs. The BOJ also pushed back the expected timeline for reaching its inflation target by roughly a year. Governor Ueda emphasized there is no urgency to raise rates … Read more

President Trump is reportedly weighing the possibility of removing Federal Reserve Chair Jerome Powell before his term expires in May 2026. Sources familiar with the administration indicate that former Fed governor Kevin Warsh is the leading candidate to succeed Powell if the change is made. Warsh, who served on the Federal Reserve Board during the … Read more

On Friday, spot gold fell to $3,343.00 per ounce (–0.7%) while U.S. futures slipped to $3,344.50 (–0.9%). The decline came as the U.S. dollar index rebounded from a two‑week low and benchmark 10‑year Treasury yields edged higher, reducing some of the safe‑haven demand that had supported bullion. Markets reacted to several developments that suggested interest … Read more

Gold prices advanced on Wednesday, rising 0.6% to $3,363.61 per ounce as investors grew more confident that the Federal Reserve will cut interest rates in September. The upward move was supported by softer inflation readings and a weaker U.S. dollar, which together increased demand by making gold relatively cheaper for overseas buyers. Markets now assign … Read more

Major Wall Street institutions are raising their gold price forecasts as the precious metal extends a strong rally, with spot gold trading around $2,941 per ounce. UBS analyst Joni Teves now projects gold could climb to $3,200, citing growing bullish sentiment, untapped investor interest and continued official sector buying. UBS notes that many investors who … Read more

Gold surged as much as 3% to a high of $3,073.04 per ounce before settling at $3,066.69, as global markets digested a sweeping set of new tariffs announced by President Trump and swift retaliatory measures from China. The rally took place alongside an unexpected sell-off in U.S. Treasury bonds—assets normally viewed as safe havens—signaling increased … Read more

The People’s Bank of China increased its official gold reserves by 0.09 million troy ounces in March, marking the fifth consecutive month of purchases after a six‑month pause that followed an earlier 18‑month accumulation period. This ongoing buying by China is part of a broader trend among central banks around the world that are diversifying … Read more

December’s Producer Price Index offered promising signs that inflation pressures may be easing. Wholesale prices increased 3.3% year-over-year and 0.2% month-to-month, coming in below economists’ estimates of 3.5% and 0.4%, respectively. Core producer prices, which exclude the more volatile food and energy categories, rose 3.5% from a year earlier—slightly higher than November’s 3.4% but below … Read more

Global gold demand increased by 3% year-over-year in the first quarter of 2025, propelled largely by robust over-the-counter (OTC) trading activity. Central banks added 290 tonnes to their official reserves during the quarter, highlighting continued interest in gold as a store of value and a hedge against inflation and currency volatility. Investment trends were mixed: … Read more