Gold Climbs 0.7% After Disappointing Economic Data Weakens Dollar

In the first half of 2025, gold prices soared 26% to record highs, yet investors continued to buy in, especially through ETFs. The World Gold Council’s Q2 Gold Demand Trends report shows total global investment demand jumped 78% year-on-year, marking the strongest half-year since 2020. ETF inflows in Australia and worldwide offset earlier 2024 outflows, driven by fears of economic slowdown, geopolitical tensions, and currency debasement. Central banks continued large-scale purchases, adding 166 tonnes in Q2, while bar and coin buying rose 11%, led by Chinese and Indian investors. Jewellery demand, however, fell sharply. Analysts say ongoing market volatility and

Analysts see gold heading toward $3,800 by mid-October, driven by powerful seasonal and cyclical forces. August and September historically deliver the strongest gains for gold—up 61% and 54% of the time, respectively—and the current rising monthly cycle boosts those odds even further. Technical analysis confirms this bullish case: a recent breakdown from a triangle formation proved false, and measuring the triangle’s height projects a $3,800 target. While momentum may carry prices higher into October 15, history warns that gold and oil often weaken in the second half of October. For investors, SPDR Gold Shares (GLD) offers direct exposure, while ProShares

Asia’s richest families are taking a hands-on approach to gold, running operations more like 19th-century trading houses than passive investors. Multi-family offices and dealers such as Cavendish Investment Corp., J. Rotbart & Co., and Goldstrom are sourcing gold from African mines, refining it in Hong Kong, and selling it to Asian and Chinese buyers for premiums. High geopolitical tensions, inflation fears, and a weaker US dollar are fueling demand, with wealthy investors in Hong Kong and mainland China sharply increasing their gold allocations. Beyond trading, some are leasing gold for steady returns, engaging in cross-market arbitrage, or using it as

Gold rebounded slightly after Monday’s selloff, with markets eyeing U.S. CPI data due later today for signals on the Fed’s interest rate path. Analysts say a weaker-than-expected core CPI could boost the odds of a September rate cut — currently seen at 85% — which would favor gold by reducing holding costs and keeping bond yields in check. Trump’s decision to skip gold import tariffs and extend a pause on higher China tariffs provided some market relief. Silver, platinum, and palladium also advanced.