Central Banks Fuel Gold’s Surge to $3,000 as Geopolitical Hedging Trumps Yields

Gold’s impressive performance continues with a 12% gain year-to-date, pushing prices near $3,000 per troy ounce following last year’s 25.3% surge that edged past the S&P 500’s total return. According to JP Morgan, central banks have emerged as the key players in the gold market, increasing their purchases by 11.5% each year since 2019 and now making up nearly a quarter of total demand. The report explains that central banks keep buying gold regardless of high prices because they’re focused on protecting against geopolitical risks and diversifying their reserves, especially after Russia’s assets were frozen in 2022. This behavior differs […]

Gold Retreats Slightly From Record as Fed Rate Cut Hopes Build

Gold eased slightly from Monday’s all-time high of $2,956.19 as investors took profits, though prices remain supported by changing Federal Reserve rate cut expectations and rising haven demand. Increasing concerns about the US economy have dramatically shifted rate cut expectations, with markets now pricing in a quarter-point Fed cut in July—two months earlier than anticipated just last week. This monetary policy outlook benefits non-yielding assets like gold. Geopolitical tensions are adding significant support, as President Trump has implemented a series of measures targeting China that could deteriorate relations between the world’s two largest economies, while also increasing pressure on Iran. […]

Gold Nears Historic $3,000 Mark as Eight-Week Rally Continues

Gold has maintained its bullish momentum throughout early 2025, marking eight straight weeks of gains—the strongest streak since 2020’s nine-week rally. After reaching a new all-time high near $2,956, the metal faced selling pressure but remains firmly in bull territory. Market analysts believe the $3,000 psychological barrier will likely be tested soon, though it may struggle to maintain that level initially. This impressive rally coincides with a weaker US dollar and persistent risk aversion stemming from uncertainty around US trade and tariff policies, particularly regarding Canada and Mexico. Investors are also closely monitoring upcoming economic indicators, including the Q4 2024 […]