Precious Metals

The World Gold Council reported central banks added a net 23 tonnes of gold in July. China bought 20t and Poland 8t, with the Czech National Bank adding 2t for its 41st straight month of purchases. Year-to-date official buying totals 130t, underscoring sustained sovereign demand that supports gold prices amid shifting investor flows. Read →

Goldman Sachs Research projects gold reaching $4,900/oz by end-2026, citing central banks buying an average 50t per month, up from 17t pre-2022, as the structural driver. Rising use of gold call options for hedging may amplify volatility and push prices higher than the base case. The forecast assumes easing Fed rate-hike expectations in the second half. Read →

De Nederlandsche Bank relocated 86 tonnes of its gold reserves from New York and Ottawa vaults to London between March and August. The move boosts crisis preparedness and tradability amid geopolitical tensions, raising London’s share of Dutch holdings to 32% while cutting North American exposure. Total reserves stay unchanged at 612.4 tonnes. Read →

The Dutch central bank moved 86 metric tons of gold, worth about $12 billion, from New York and Ottawa to London between March and August to improve tradeability and crisis preparedness amid rising geopolitical unrest. London now holds nearly a third of its 612-tonne reserves, the largest share. The shift highlights central banks prioritizing accessible, neutral storage locations over US or Canadian vaults. Read →

Spot gold rose 1.1% to $4,373.87/oz, rebounding from a near one-month low, while US gold futures gained as the dollar slipped from a near three-week high and Treasury yields eased from multi-year peaks. Traders cited softer yields supporting the non-yielding metal ahead of Friday’s US nonfarm payrolls report, with a 64% chance of a September Fed rate hike priced in. Silver, platinum, and palladium also posted gains of 1.2-2.4%. Read →

Spot gold advanced more than 1% to around $4,434.70/oz after hitting a near one-month low, supported by a weaker dollar and lower yields that reduce opportunity costs for bullion. Investors await Friday’s key US jobs data to gauge Fed policy bets, with markets pricing in roughly 62% odds of a September rate hike. Other metals including silver and platinum firmed alongside. Read →

Spot gold dropped 0.6% to $4,304.01/oz, its lowest since August 7, after US airstrikes on Iran triggered retaliation and lifted oil prices. Higher crude stoked inflation and Fed rate-hike odds near 67%, pressuring non-yielding metals while the dollar held firm. Silver, platinum and palladium also fell 1-1.4%. Read →

Spot gold slipped 0.6% to $4,304/oz amid US-Iran clashes that boosted oil and yields. Traders priced in a 67% chance of a September Fed hike per CME FedWatch, with futures down over 1%. Other PGMs declined alongside as physical and ETF demand stayed sidelined. Read →

Spot gold edged up 1.2% above $5,000/oz and silver rose 3.8% to $79.85/oz, rebounding from sharp swings tied to profit-taking and policy uncertainty. PBOC extended its gold-buying streak to 15 straight months through January, adding 40,000 oz to reach 74.19 million oz. Analysts noted institutional and official-sector support persists despite near-term volatility. Read →

Spot gold held at $4,454.68/oz after a session low, with futures up 0.5% to $4,503.70. Traders price 65% odds of a September Fed rate hike following hawkish comments, while Trump threats against Iran add safe-haven bids. Silver rose 0.4% to $66.77/oz, platinum 0.7% higher. Read →

Gold ETF holdings rose 2.7 moz or 2.8% since July 20 lows to 98.9 moz, tracking a 15% price rebound. Silver ETFs gained 20.4 moz or 2.6% to 801.2 moz amid a 16% rally, though still 7.2% below January levels. Analysts cite Iran conflict, inflation and US debt as likely future drivers. Read →

Spot gold edged lower in late US trade as renewed US-Iran escalation lifted oil prices and Treasury yields, pressuring non-yielding metals after Friday's hawkish Fed comments. Silver held modestly higher amid the volatility. Read →

Fed Chair Kevin Warsh's Jackson Hole speech emphasized that underlying inflation has not meaningfully improved and the Fed has 'work to do' if progress stalls toward the 2% target. Markets quickly priced in roughly 50% odds of a September rate hike, up sharply from prior levels, strengthening the dollar and yields. Gold and silver sold off sharply in response, with the moves reversing recent gains tied to Treasury bond-buyback support. Read →

The World Gold Council reported central banks net purchased a record 288.9 tonnes of gold in Q2 2026, up 62% year-over-year, led by Poland (51t) and China (33t). Beijing separately confirmed a net 20t purchase in July, lifting official reserves to an all-time high. Analysts note this structural bid from official institutions continues to provide a floor even as spot prices react to short-term rate signals. Read →

In his first Jackson Hole keynote as Fed chair, Warsh stated the Fed must gain confidence that underlying inflation is moving clearly and sufficiently toward the 2% target, or 'we have work to do.' The remarks boosted September rate-hike probabilities to around 60% and pressured precious metals by reinforcing the case for tighter policy amid sticky price data. Read →

Spot gold fell 0.5% to $4,576.30/oz and U.S. futures eased 0.8% to $4,629 after a three-month high earlier in the week. Traders priced a 34% chance of a September rate hike and 74% by December following July PCE at 3.7% y/y. Warsh's first Jackson Hole address later Friday is expected to address inflation and policy without forward guidance. Read →

New Fed Chair Kevin Warsh's first Jackson Hole speech Friday draws focus after July FOMC and bond-market volatility. Markets seek clarity on inflation fighting amid higher long-term yields and Treasury buyback plans. No major forward guidance is anticipated as Warsh has commissioned task forces and prefers markets to set rates. Read →

Northam Platinum shares jumped as much as 11% after an unsolicited non-binding approach from a major unnamed South African PGM producer for asset or corporate transaction. The company launched a competitive bidding process to maximize value ahead of Friday results. Sibanye-Stillwater and Impala ruled themselves out; Valterra is seen as likely suitor. Read →

Comex gold futures fell 1% to $4,649/oz after July headline PCE rose 3.7% YoY, a tenth above forecasts, while core held at 3.3%. The print firmed the dollar and yields, ending gold's five-day winning streak though it remains up 14% for August on Treasury buyback support. Traders now eye Fed Chair Warsh's Jackson Hole speech for rate clues. Read →

Spot gold held above $4,600/oz after recovering some losses from the PCE-driven selloff. The metal snapped a five-day rally as inflation stayed above the Fed target, boosting September rate-hike odds. ETF inflows exceeded 28 tonnes last week amid debasement-trade buying tied to US debt concerns. Read →

The People's Bank of China purchased 20 tonnes of gold in July, the largest monthly addition since October 2023, extending its buying streak to 21 months and lifting reserves to 2,366 tonnes. Chinese gold ETFs saw inflows of 5 tonnes, reversing prior outflows. The central bank cited strategic reserve diversification amid geopolitical fragmentation. Read →

Gold edged down to near $4,640 an ounce, pulling back from a three-month high but still up about 7% over the past week. The pullback follows US Treasury bond-buyback intervention that supported the debasement trade and lifted prices above the 200-day moving average. Traders now watch upcoming US PCE data and Fed Chair comments at Jackson Hole for the next directional signal. Read →

Central banks net purchased 288.9 tonnes of gold in Q2 2026, up 62% year-over-year and the strongest second-quarter total on record, led by Poland (51t) and China (33t). ETF outflows of 45t in the quarter reversed with strong recent inflows, including $637 million into SPDR Gold Trust on a single day. The dual demand engine underpins gold near record highs ahead of key central-bank meetings. Read →

Physically backed gold ETFs recorded net inflows of $6.38 billion in the week ending Aug 21, the fifth consecutive positive week, led by US ($4.37 billion) and UK funds. Year-to-date net inflows reached $23.611 billion. Strong buying at prices above $4,500 signals renewed investor interest following the metal's technical breakout and macro support. Read →

Gold consolidated near a three-month high after a four-day rally fueled by the US Treasury's ramped-up buybacks of long-dated government debt. The intervention revived concerns over US fiscal policy and dollar weakness, pushing bullion up about 7% over the past week to nearly $4,700/oz intraday before a modest pullback. Focus now shifts to upcoming US inflation data and Fed Chair Kevin Warsh's Jackson Hole speech. Read →

Physically-backed gold ETFs saw net inflows of nearly 47 tonnes worth about $6 billion last week, the largest weekly demand since mid-October 2025. North American funds led the buying, with inflows across all regions as investors positioned amid the rally driven by Treasury moves. This marks a sharp reversal from prior outflow trends and adds to safe-haven demand for gold. Read →

Central banks added a net 289 tonnes in Q2 2026, a record for any second quarter and more than five times Q1 volumes. Poland led reported buyers with 51 tonnes in the quarter, while China added 33 tonnes; year-to-date Poland tops accumulators at 82 tonnes. This structural demand underpins prices even as investor flows accelerate on Treasury and debasement themes. Read →

Spot gold rose 0.8% to $4,641.27/oz, hitting its highest since May 15. A weaker dollar, fueled by U.S. Treasury plans to expand long-bond buybacks, supports prices. Focus turns to upcoming PCE inflation data and Fed Chair Kevin Warsh's Jackson Hole speech for rate clues. Read →

International gold spot climbed 0.38% above $4,633/oz while silver eased 0.71% to $68.75/oz. Prices reflect broader precious metals strength from dollar weakness and debt-related flows. No major new central-bank or ETF data released in the period. Read →

Spot gold edged 0.4% higher to $4,537/oz on Friday after hitting its highest level since early June. The metal is up 3.6% for the week as a weaker dollar and US Treasury plans to double longer-dated bond buybacks to at least $4 billion per operation lower yields. Silver rose 1.3% to $68.93/oz, platinum climbed 2% to $1,865/oz and palladium gained 0.8% to $1,344/oz, with all heading for weekly advances. Read →

Hong Kong Exchanges and Clearing reported record physical delivery of 145kg of gold in its US dollar-denominated gold futures on Wednesday, more than double the prior 63kg peak from 2018. The surge follows the July 6 relaunch with a trading fee waiver; average daily volume reached 9,974 contracts with $1.35 billion in value since then. Read →

New York gold futures rose 2.1% to $4,516.10/oz in early US trade after the Treasury said it would at least double bond buybacks for longer-dated securities. The moves weakened the dollar and lowered yields ahead of Federal Reserve July meeting minutes. Physical demand from China and steady central bank buying continued to underpin the market. Read →

Gold rallied to its highest since early June, up as much as 3.8% above $4,499/oz, after the Treasury boosted long-dated debt buybacks. The surprise liquidity support drove 30-year bond yields lower and weakened the dollar. The move provided a tailwind for non-yielding bullion amid shifting rate expectations. Read →

Spot gold rose 0.2% to $4,342.33/oz in early Asian trade after Tuesday's nearly 2% drop. Yields eased from highs while traders await Fed minutes due at 2 p.m. ET; silver fell 0.5% to $62.99/oz, platinum rose 0.3%, palladium lost 0.3%. Read →

Front-month gold futures settled 1.17% lower at $4,366/oz and silver lost 3.3% to $63.941/oz amid a bond selloff pushing Treasury yields to multi-year highs. Demand remains resilient per Bank of America but ETF inflows needed for breakout. Read →

Spot gold traded at $4,369.08/oz, down 0.21% from prior close of $4,378.38. Prices fell 0.82% over the past week amid shifting inflation expectations and central bank policy signals. Read →

Spot gold added 0.2% to $4,424.28/oz on Tuesday for a third straight session. Economists in a Reuters poll expect the Fed to hold rates through year-end; focus turns to Wednesday's July meeting minutes. Silver rose 0.9% while platinum edged higher. Read →

Gold's 9% August rebound to $4,400/oz signals renewed institutional and possible central-bank buying of large bars, per HSBC's James Steel. The move follows softer inflation data and lower oil prices; ETF inflows remain modest at $7 billion in early August per World Gold Council. Read →

Gold extended a two-week advance to trade near $4,400/oz after US retail sales and consumer sentiment data declined, easing rate-hike fears. The moves followed last week's nearly 1% gain and came as the dollar weakened. Read →

Silver shipments into India are picking up as traders and banks secure licenses under a new regime to capture attractive premiums. The rebound follows earlier disruptions from administrative hurdles. Read →

Net central-bank purchases hit 289t in Q2 2026, the strongest second-quarter total on record and up sharply from Q1's revised 57t. Poland led with 51t and China added 33t; other buyers included Uzbekistan and Kazakhstan while sales moderated. Survey shows 89% of reserve managers expect global reserves to rise and a record 45% plan to increase their own holdings over the next year. Read →

The Bank of Korea held 679,765 shares of SPDR Gold Shares worth about $250 million at end-Q2 2026 per SEC filing, its first gold-linked position since 2013 and none three months prior. This marks South Korea's central bank resuming exposure to gold prices amid geopolitical and economic uncertainty, joining broader central bank diversification trends without immediate physical bullion expansion. Read →

Spot gold was little changed at $4,408.55/oz after jumping 1% to its highest since June 5, following July CPI data showing 3.4% YoY rise that cooled September Fed rate-hike odds to 40%. Attention turns to upcoming PPI data; silver gained 0.3% to $65.47/oz while platinum and palladium eased. Read →

Filing shows Bank of Korea took a $250 million position in SPDR Gold Shares, its first gold-linked investment since 2013, providing price exposure without growing physical reserves. The move aligns with global central banks' shift toward gold amid uncertainty and diversification needs. Read →

World Gold Council data show central banks purchased a net 288.9 tonnes in Q2 2026, up 62% YoY, while gold posted its steepest quarterly decline since 2013. PBOC added 20 tonnes in July for its 21st straight month of buying. ETF flows turned mixed with SPDR Gold Trust seeing $637m inflows on Aug 7. Read →

OCBC expanded its mobile app to let mass retail customers buy and sell platinum and palladium bullion from 0.01 ounces, priced around S$23 and S$18 respectively. The move follows strong uptake of its existing gold and silver digital offerings, which grew 2.5x YoY in 2025. It broadens accessible PGM investment options in Singapore. Read →

Spot gold fell 0.5% to $4,365.65/oz after hitting $4,434.84, its highest since June 5. The pullback follows a three-session rally fueled by flows and sentiment shift after weak July US jobs data reduced near-term rate-hike odds. Markets await Wednesday CPI and Thursday PPI prints to gauge Fed policy. Read →

Spot gold fell 0.5% to $4,322.28/oz Monday after hitting a seven-week peak Friday on weak US July jobs data that lowered odds of a September Fed rate hike. Silver slipped 0.2% to $63.45/oz, platinum lost 0.1% to $1,742.50/oz and palladium dropped 1.1% to $1,362.97/oz. Traders await Wednesday's US CPI and Thursday's PPI for signals on rates, with Middle East tensions adding risk via oil prices. Read →

MCX gold October futures held flat at ₹151,870 per 10 grams while silver September futures rose 0.9% to ₹233,532 per kg in early Monday trade. Volatility stemmed from mixed Middle East signals on Strait of Hormuz reopening talks and a 0.2% rise in the dollar index, with crude oil jumping 1% above $84/barrel. The moves weighed on bullion prices for non-dollar buyers. Read →

Physically backed gold ETFs recorded $3bn net inflows in July after two months of outflows, lifting AUM 1% to $530bn and holdings by 23t to 4,068t. Europe led with broad-based gains across regions, while year-to-date inflows reached $11bn or 39t. Positive flows coincided with higher gold prices and signal renewed investor interest amid central bank buying trends. Read →