Commodities Chief: Gold Headed “Above $4,500” – Don’t Let the Sell-off Fool You
Gold’s brutal stretch has rattled even seasoned bulls, but Suki Cooper, Global Head of Commodities Research at Standard Chartered Bank, is telling investors not to confuse a liquidity flush with a broken thesis.
In a recent CNBC segment, Cooper argued that the forces that drove gold to record highs, including central bank buying and long-term concerns over government debt and fiat currencies, remain firmly in place despite the recent pullback.
Silver and Platinum Got Hit Even Harder…
The pain has been even more acute further down the precious metals stack. Cooper noted that, per the segment, silver posted its worst quarter since 2013 and platinum its worst since 2020.
Both metals carry exposure to industrial demand in addition to monetary characteristics, which amplifies their beta in a deleveraging market… (Continue to full article)
Nearly Half the World’s Central Banks Are Stockpiling Gold Right Now
Central banks around the world have been buying gold at an unusually fast pace for several years, turning the metal into one of the clearest signals of how official institutions are responding to geopolitical tension, inflation concerns and shifting reserve strategies. The latest survey from the World Gold Council, released June 16, puts a new number on that trend and aligns with Goldman Sachs’ recent view that sovereign demand for gold is still strong.
The World Gold Council said on June 16 that a record 45% of reserve managers surveyed expect their own institutions to increase gold holdings over the next 12 months. In the same survey, 89% said they expect total global central bank gold reserves to keep rising, while 93% of respondents said their institutions already hold gold.
A record share of central banks says more buying is ahead… (Continue to full article)
Gold Prices Surge Over 2% to Reclaim $4,100 Mark
FED Chair Walsh says inflation risks have receded, easing rate hike expectations to restore gold’s upward momentum.
On July 1, Eastern Time, gold ( XAUUSD) at one point surged past $4,100, returning to a near one-week high. As of press time, it was up 2.27%, trading at $4,098 per ounce. The newly appointed Fed Chair Kevin Warsh said on Wednesday that inflation expectations and inflation risks have both declined in recent weeks.
Warsh stated that inflation expectations and inflation risks have declined in recent weeks, and the Federal Reserve is committed to bringing inflation down to its 2% target. He noted, “In the first few weeks of this period, inflation expectations have fallen back, and inflation risks have decreased accordingly.”… (Continue to full article)
Gold Suffers Worst Monthly Drop Since 2008 – Fed Rate Jitters, Strong Dollar Fuel Selloff
While ongoing dollar strength remains the primary headwind, investors will keep an eye on Federal Reserve Chair Kevin Warsh’s speech on Wednesday, according to Saxo Bank. The precious metal is down more than 7% so far this year and more than 24% since the U.S. – Israeli strikes on Iran on Feb. 28, 2026. Gold futures for August 2026 deliveries fell 1% at the time of writing.
Gold extended its slide on Wednesday, with spot prices posting their steepest monthly decline since October 2008 in June, as a stronger U.S. dollar and renewed expectations of an interest rate hike deepened the selloff in bullion.
Spot gold slipped below the psychologically important $4,000-an-ounce mark for a third straight session.
…but don’t hold your hat – READ ABOVE… (Continue to full article)
Gold Flashed a Death Cross at the End of Its Worst Quarter in 13 Years
Here’s What’s Weighing It Down: Gold’s rally has reversed, with the metal flashing a death cross to end the second quarter. The metal had its worst three months in 13 years and saw its highest volatility since the GFC. Higher rates and reduced speculation in the metal have contributed to its price decline.
The days of gold’s raucous bull rally feel like a distant memory in 2026.
Gold, one of the hottest assets of 2025, has been stuck in a tailspin for most of this year as investors dump the precious metal, reversing a meme-like rally that took bullion to records last year.
Gold is now trading just above $4,000 an ounce, a 27% decline from its all-time high just above $5,600 in January. It dropped 16% in the second quarter for its worst quarterly performance since 2013. Volatility at quarter-end was the highest volatility since the Great Financial Crisis (Continue to full article)
