Sentiment Rose to 48.1. Gold Sold Off Anyway. The Number That Mattered Was 4.6%.

Gold and silver pulled back after University of Michigan data showed consumer sentiment ticking higher, but year-ahead inflation expectations jumping to 4.6%, reinforcing bets on another October Fed rate hike.

Real Yields vs. Nominal Rates: The Number That Actually Moves Gold

The Fed hiked and gold barely moved, because the real driver isn’t the policy rate. Here is the FRED data showing exactly which number explains gold’s September swings, and a simple rule of thumb for checking it yourself on any future move.

Gold and Silver Rebound as the Dollar and Treasury Yields Take a Pause

Gold and silver bounced Friday as a pause in the dollar and Treasury-yield rally eased pressure on both metals, even as they remain on track for a net weekly loss.

Washington Sold $70 Billion in Debt. Wall Street Only Wanted Part of It.

A weak $70 billion Treasury auction, not the Fed, sent yields to their highest level since 2007 this week. Here’s the mechanism connecting Wall Street’s bond demand shortfall to gold and silver’s pullback, and why it’s a fiscal problem wearing a monetary costume.

Iran Repeated Its Hormuz Demand at the UN. The Market Already Priced It In.

A UN speech repeated a demand Iran’s own negotiators had already made in private the day before. Markets had nothing new to price. This piece explains why the dollar and Fed rate odds, not the Strait of Hormuz, are setting gold and silver’s price today.

Today’s PMI Beat Cuts Gold Two Ways. Only One Side Has Been Priced In.

A record flash PMI print sold off gold and silver Wednesday. The same S&P Global data shows input costs and backlogs climbing — a signal the tape has yet to price.

Gold Fell 1.7% Today. Silver Fell 3.6%. Five Signals Point at the Dollar, Not Demand.

The dollar and the Fed’s rate path are setting gold and silver’s price this week. Every demand signal points the other way. ETF holdings hit a seven-month high while gold fell — see the five signals separating price from ownership.

Why Jim Rickards Thinks $10,000 Gold Could Arrive by Mid-2027

Jim Rickards says gold’s climb to $10,000 an ounce comes down to arithmetic, not sentiment. He breaks down the anchoring effect, the fundamentals still in play, and why he calls the Fed’s latest rate hike a mistake.

The Fed Just Hiked. Wall Street Keeps Getting More Bullish on Gold Anyway.

Five different signals, from a bank forecast to a Chinese regulatory notice, all point the same direction after last week’s Fed hike. None of them share a mechanism, but each one argues the case for gold and silver just got stronger, not weaker.

Gold Dips, Silver Holds as Iran Diplomacy Hopes Sink Oil Before a Bigger Week

Gold eased and silver held firm Monday as Trump’s openness to meeting Iran’s president knocked oil lower. The bigger test, the Trump-Xi summit, is still two days away.