Gold Bulls Await Fed Clarity as Triangle Pattern Points to Potential $3,700+ Rally

Gold is consolidating near $3,317 after a 0.48% pullback, showing resilience above the key $3,300 support level despite dollar strength and strong US retail data. The precious metal remains up 26.29% year-over-year, with traders awaiting Fed clarity amid Trump-Powell tensions and ongoing central bank buying. Technical analysis shows gold trapped in a symmetrical triangle between $3,300 support and $3,360-$3,372 resistance, with a breakout above $3,372 potentially targeting Goldman Sachs’ $3,700 forecast and even $3,800 levels.

Analysts Suspect China’s True Gold Reserves Double Official 2,299-Ton Holdings

China’s central bank has officially increased gold reserves for eight straight months to 2,299 metric tons by June 2025, but analysts suspect the real total could exceed 5,000 tons based on unexplained trade flows. China’s accelerated gold buying began after the US froze Russia’s reserves in 2022, highlighting gold’s immunity to sanctions. This strategic accumulation may be part of China’s effort to reduce dollar dependence and challenge US financial dominance, with potential implications for Treasury demand and gold prices.

Swiss Gold Transit Jumps to March Highs as UK Vault Holdings Reach 2-Year Peak

Swiss gold exports surged 44% month-over-month in June to the highest level since March, driven by bullion flowing back to UK vaults from the United States. Exports to the UK jumped dramatically to 83.8 metric tons – the highest since August 2019 – as gold that was shipped to the US earlier this year to cover potential tariff risks returned after President Trump excluded bullion from reciprocal tariffs in April. London vault holdings rose 2.1% to 8,776 tonnes, the highest since August 2023.

High Gold Prices Drive Indian Consumers to ETFs as Physical Demand Plummets

India’s gold market showed mixed signals in June and early July, with prices gaining 0.7% domestically to INR 95,676 per 10g despite seasonal jewelry demand weakness. Investment demand surged dramatically, with gold ETFs recording their highest monthly inflows since January at INR 20.8 billion. The Reserve Bank of India resumed modest gold purchases after a three-month pause, adding 0.4 tonnes to reach record reserves of 880 tonnes. However, gold imports plummeted 26% year-over-year to $1.8 billion as high prices deterred consumers.

Sovereign Investors Abandon Passive Strategies, Embrace Gold Amid US Fiscal Concerns

A major Invesco study reveals central banks are fundamentally reshaping their investment strategies amid growing doubts about US fiscal health. While confidence in the US dollar is declining, no alternative currency can replace it, driving central banks to aggressively increase gold reserves as the ultimate geopolitical hedge. These institutions are also abandoning passive investment approaches for active management to navigate an increasingly fragmented global economy. Gold is being embraced as a politically neutral asset that protects against sanctions and rising debt concerns.

Gold Gains 0.4% While Traders Assess Mixed Fed Policy Signals

Gold traded modestly higher at $3,351 per ounce as investors weighed conflicting signals about the US economy and Federal Reserve policy direction. Resilient economic data – including the lowest jobless claims since mid-April and advancing June retail sales – eased recession concerns but reduced market expectations for rate cuts, with swaps pricing less than 60% odds of a September reduction. San Francisco Fed President Mary Daly still suggested two cuts this year are reasonable, while President Trump continues pressuring for easier monetary policy. Gold remains disadvantaged in high-rate environments since it pays no interest, but has still surged over 25% […]

Middle East Tensions Support Gold While Platinum Hits Highest Since 2021

Gold prices held steady around $3,388 per ounce as traders await the Federal Reserve’s interest rate decision and monitor Middle East tensions. While gold remained flat, platinum surged 3.5% to hit a four-year high of $1,307, driven by speculation it could replace expensive gold in Chinese jewelry demand. The Fed is expected to keep rates unchanged, with geopolitical uncertainty continuing to support precious metals demand.

Gold to Silver Ratio Today: Why Silver May Still Be Undervalued

Silver just surged 16.3% in 3 months—are you too late? The gold to silver ratio today still signals undervaluation. See why silver may have much more room to run—and what savvy investors are watching next.