Key Takeaways: The July 29 FOMC vote was 9–3. Cleveland’s Beth Hammack, Minneapolis’s Neel Kashkari, and Dallas’s Lorie Logan each preferred a rate increase — the strongest hawkish dissent since September 2016. The minutes from that meeting are released tomorrow, August 19 at 2:00 p.m. ET. Pay attention to how explicitly the three dissenters laid … Read more

Key Takeaways Major gold ETFs such as GLD carry an annual expense ratio (for example, 0.40%). Retail shareholders cannot directly redeem ETF shares for physical metal; only Authorized Participants can, and only in large creation/redemption blocks. Standard U.S. homeowners insurance using the ISO HO-3 form typically limits coverage for cash, coins, and bullion to a … Read more

Speculative short positions in COMEX gold collapsed by about 35% in the week ending June 2 and have remained thin since. Then, on August 11, buyers added 23,923 long contracts on top of that short squeeze, changing what any price dip now implies. Why hasn’t gold rallied more? It rose just 0.64% on Monday to … Read more

Gold is trading at $4,390.51 and silver at $64.74 today, both lower as five major drivers converge over the next nine days. The US–Iran ceasefire expired, FOMC minutes are scheduled for release tomorrow, a high-profile Jackson Hole speech is set for August 28, central banks reported record Q2 gold purchases, and silver is falling faster … Read more

Shipping through the Strait of Hormuz dropped to virtually nothing over the weekend. Ship-tracking data cited in media reports indicated that no cargo-carrying vessels transited the strait on Sunday, August 16, following a decline from five transits on Saturday and 31 transits the prior weekend. The Islamabad Memorandum of Understanding between the United States and … Read more

Gold is trading near $4,506.64 today, down 0.38%. That remains slightly below Wednesday’s high of $4,527 — the best level since early June. Two opposing forces are driving market moves: hawkish Federal Reserve messaging, which is limiting the rally, and a fresh escalation of economic pressure on Iran, which is keeping prices supported. Below are … Read more

Gold declined about 1.1%, trading near $4,369 per ounce by midday Tuesday, August 18, 2026. The move came as the 30-year Treasury yield climbed above 5.33%, marking the highest level in 19 years. The key explanation is rising real yields: long-term borrowing costs increased while investors’ inflation expectations remained near 2.3%, raising the after-inflation return … Read more

Last week J.P. Morgan’s commodities team issued a warning about silver demand. Analysts pointed out that China and India — the world’s two largest silver importers — have pulled back. China has been running down stockpiles it built ahead of a change to photovoltaic export tax rules, and India raised import duties to protect its … Read more

The Federal Reserve will publish the minutes from its July meeting at 2:00 p.m. Eastern today. Until those minutes are released, no one outside the meeting knows exactly what was said three weeks ago. Yet gold and silver have already reacted — substantially — several hours before the minutes become public. Gold climbed to $4,417.55 … Read more

Key Takeaways Gold is trading near $4,380 today, up roughly 10% from its early-August low near $4,000 — the largest monthly gain since January’s record run. Three data prints in one week flipped the September rate-hike calculus: July jobs fell 23,000 against consensus, July CPI decelerated to 3.4% year-over-year, and July PPI was flat. September … Read more