Gold Set for Fresh All-Time Highs as Dollar Confidence Crumbles

Gold is forecast to hit a record average price of $3,210 in 2025 – a 35% surge that would surpass its inflation-adjusted 1980 peak – according to Metals Focus’ annual Gold Focus report. The bullish outlook is driven by economic uncertainty around Trump’s trade policies, U.S. debt concerns, geopolitical tensions, and record central bank buying. Central banks purchased a record 1,086 tonnes of gold in 2024 as they diversify away from the U.S. dollar amid geopolitical risks and mounting concerns about America’s fiscal trajectory. Trump’s reintroduction of tariffs and trade war fears are undermining global economic confidence while raising U.S. […]

Gold Consolidates Above $3,350 as Markets Await Friday Jobs Report

Gold retreated from the $3,400 resistance level after President Trump reported a productive phone call with China’s Xi Jinping discussing their trade deal, which eased tensions and reduced safe-haven demand. However, prices remain above key $3,350 support as multiple bullish factors persist. The European Central Bank cut rates 25 basis points as expected, while U.S. labor data continued weakening with jobless claims rising above expectations. Friday’s jobs report is forecast to show hiring slowing to 130,000 from 177,000, potentially increasing Fed rate cut expectations that would support gold by reducing opportunity costs. Despite the positive Trump-Xi call, trade tensions remain […]

Gold Hits 70 Record Highs as Central Banks Dump Dollar Reserves

Gold has delivered exceptional performance with nearly 70 record highs since early 2024 and returns eight times greater than the S&P 500, driven by structural shifts beyond typical safe-haven demand. Central banks are systematically diversifying from U.S. dollar reserves due to fiscal concerns and sanctions risks, with the freezing of Russian assets triggering a five-fold surge in official sector buying. China has doubled gold’s reserve allocation but still holds only 7% versus 70%+ for major Western nations, indicating substantial room for continued accumulation. Retail demand through ETFs remains robust, with Asian inflows now exceeding North American flows as trade tensions […]

North America, Asia Lead Gold ETF Exodus as Trade Tensions Ease

Gold ETFs recorded their first outflows since December 2024, losing $1.8 billion in May as North America and Asia led a broad sell-off. The outflows ended a five-month winning streak but still leave global gold ETF flows positive at $30 billion for 2025. The selling was driven by improved U.S.-China trade relations which boosted risk appetite and equity markets while reducing safe-haven demand for gold. North America saw $1.5 billion in outflows while China-led Asian outflows totaled $489 million as trade tensions temporarily eased and local equity markets rebounded. Europe was the only region with inflows at $225 million, primarily […]

Vietnam Abandons State Control of Gold, Opens Market to Private Competition

Vietnam is moving to end its 13-year state monopoly on gold bullion production, marking a historic shift toward market-based governance. General Secretary To Lam has called for dismantling the current system that has made Vietnam one of only two countries (with North Korea) maintaining complete state control over gold bullion. The existing monopoly, established in 2012 during economic turbulence, has created severe market distortions including price gaps of up to $780 per tael compared to international markets, rampant smuggling worth hundreds of millions of dollars, and recent corruption scandals involving state-backed producer SJC. The system has failed to achieve its […]

Gold Approaches Triangle Breakout as Trade Tensions Resurface

Gold is approaching a breakout from a consolidation triangle pattern as markets shift to risk-off sentiment amid ongoing trade tensions and political uncertainty. The metal has been trading in a narrow range but technical analysis suggests an imminent directional move, with politics likely determining the direction. Trump’s decision to double steel and aluminum tariffs to 50% and deteriorating U.S.-China relations continue providing support for gold, though the impact is lessening over time. A U.S. court ruling against global tariffs adds uncertainty but won’t prevent their implementation. COMEX inventories have stabilized while open interest dropped sharply, indicating reduced positioning from both […]

Precious Metal Gains as Dollar Tumbles on Poor Economic Data

Gold jumped over 0.80% to $3,382 on Wednesday as weak U.S. economic data fueled expectations for Federal Reserve rate cuts. The ISM Services PMI contracted for the first time in nearly a year, falling to 49.9, while private job growth slowed sharply to just 37,000 in May versus 110,000 expected. The disappointing data led President Trump to pressure Fed Chair Powell to cut rates faster, while escalating trade tensions added to gold’s appeal as Trump doubled metal tariffs to 50% ahead of talks with China’s Xi Jinping. The dollar weakened and Treasury yields plunged, with markets now pricing in over […]

Why Central Banks Are Quietly Abandoning the Dollar for Gold

Central banks are secretly accumulating massive amounts of gold – over 1,000 metric tons annually – as they diversify away from the U.S. dollar amid rising geopolitical tensions and economic uncertainty. Most of this buying goes unreported, with trade data revealing mysterious gold flows through major refining hubs to undisclosed buyers. This shift stems from fears about currency weaponization and sanctions risk, making gold attractive as a neutral reserve asset that no single country can control. With many central banks holding far less gold than the global average, there’s substantial room for continued accumulation. This “silent revolution” in reserve management […]

Precious Metals Rally on U.S. Fiscal Concerns and Dollar Weakness

Gold and silver have broken key technical levels as the dollar hits two-year lows, with deeper concerns about U.S. fiscal sustainability driving the precious metals rally. Gold cleared resistance from its April record high, while silver posted its strongest gain since October with a 5.4% surge past $33.68. The moves reflect structural shifts as investors diversify from U.S. assets amid mounting debt concerns – the U.S. must refinance $9.2 trillion in 2025 while running a $1.9 trillion deficit. This “fiscal debt black hole” scenario supports gold’s path potentially toward $4,000. Silver is showing relative strength versus gold, potentially signaling further […]

Gold Climbs 0.7% After Disappointing Economic Data Weakens Dollar

Gold prices surged on Wednesday, June 4th, climbing $23.30 to close at $3,373.50 per ounce – the highest closing level in nearly a month. This 0.7% gain more than made up for Tuesday’s decline and was driven by two key factors: a weakening U.S. dollar (down 0.5%) and disappointing economic data that boosted gold’s appeal as a safe haven investment. The weak economic news included private sector job growth of only 37,000 in May (far below the expected 115,000), and a surprise contraction in the services sector with the ISM Services PMI falling to 49.9 from 51.6. President Trump responded […]