Bank of America has flagged current U.S. equity speculation as reaching levels not seen since 1999–2000 — the period just before gold embarked on its longest modern bull market. As of early July 2026, gold was trading near $4,160 and was down roughly 3% year-to-date, while the S&P 500 had risen about 9%. That divergence … Read more
Key Takeaways Gold and silver typically move inversely to NFP surprises: a miss tends to push precious metals higher; a beat tends to push them lower. The transmission runs through five links: the NFP surprise, Fed rate expectations, real yields, the U.S. dollar, and the opportunity cost of holding non‑yielding metals. Gold tends to react … Read more
Gold is trading at $4,155 per ounce on Monday, July 6, 2026, marking a two-week high. While the jobs report dominated headlines, the event that will matter most for gold holders is the release of the FOMC minutes on Wednesday at 2:00 p.m. ET. Those minutes will be the record of the Federal Reserve’s June … Read more
Gold climbed 2.49% to $4,132.56 on July 2, 2026, while silver jumped 3.85% to $61.45. Both metals rose as traders reversed a recent Federal Reserve rate-hike bet in the run-up to the U.S. jobs releases. Silver’s advance outpaced gold’s by more than 1.5-to-1, reflecting different sensitivities to the economic outlook and market positioning. This price … Read more
Key Takeaways June nonfarm payrolls rose by just 57,000, far below the 115,000 consensus estimate, and April and May payrolls were revised down by a combined 74,000 jobs. CME FedWatch odds of the Federal Reserve holding at the July 29 meeting increased from roughly 70% to about 78% after the report, reducing implied odds of … Read more
Key Takeaways Global gold demand exceeded 5,000 tonnes in 2025 for the first time, while total supply reached 5,002 tonnes. Mine production supplied just 3,672 tonnes [World Gold Council]. Mine production has grown at under 1% annually on average for a decade. The gold price rose sharply in 2025, but miners cannot quickly increase output … Read more
Key Takeaways Gold technical analysis uses price-based tools — moving averages, RSI, MACD and Fibonacci retracements — to assess trend direction, momentum and likely turning points in the gold price. For long-term physical holders, technical analysis does not replace fundamentals. Fundamentals determine why to own gold; technicals help decide when and how much to buy … Read more
In today’s update: The gold market outlook for 2026 received five institutional endorsements in one week. State Street, Goldman Sachs, the World Gold Council, UBS, and MKS PAMP published fresh analysis — and each concludes that the Q2 selloff altered the entry price, not the long-term thesis. What Does State Street Think the Floor for … Read more
Key Takeaways A premium is not a markup on the metal itself. It represents the real costs to turn raw metal into a finished coin or bar you can hold: refining, minting, insurance, shipping, and the dealer’s margin for inventory and risk. Typical premiums vary by product: a 1 oz gold bar often carries a … Read more
The unemployment rate fell to 4.2% in June, but the headline improvement masks an important detail: the labor force participation rate declined to 61.5%, its lowest level since March 2021. In other words, the drop in the unemployment rate was driven more by fewer people actively looking for work than by a surge in hiring. … Read more