Key Takeaways Gold reached a record high of $5,589.38 on January 28, 2026, then declined roughly 28% to about $4,046 by July 2026 — the largest quarterly pullback since 2013. Three clear, traceable factors drove the correction: a hawkish pivot by the Federal Reserve under Chair Kevin Warsh, an Iran-related oil shock that increased inflation … Read more

As of Tuesday, July 21, 2026, silver was trading near $58.92 per ounce, up roughly 4.5% from Monday’s close of $56.40. Gold rose about 1.2%, reaching approximately $4,054 per ounce. Silver is outperforming gold by more than three to one. The immediate catalyst was a 10-day ceasefire proposal that Iran received from mediators, which triggered … Read more

Key Takeaways The gold volatility index (GVZ) is published by Cboe Global Markets and quantifies the market’s expectation of 30-day price movement in gold by using options on the SPDR Gold Shares ETF (GLD). A GVZ reading of 25 indicates the options market is pricing in annualized movement of about 25% over the coming 30 … Read more

Gold traded at $4,077 per ounce on Tuesday, a 1.7% rise from its opening level of $4,007. Silver posted a larger move, climbing 4.6% to $59.03 after recovering from a selloff that pushed it below $55 last week. As a result, the gold-silver ratio fell from 71.1 on Monday to 68.9 on Tuesday, a shift … Read more

Key Takeaways JPMorgan cut its Q4 2026 gold forecast by 25% to $4,500/oz on July 3, down from a $6,000 target issued June 9. The bank now projects $4,300 as the Q3 average. The driver of the cut is a renewed short-term sensitivity to real interest rates: JPMorgan estimates gold has fallen roughly $20/oz for … Read more

In four days, China’s biggest banks will stop offering retail clients leveraged paper gold products tied to the Shanghai Gold Exchange. The change was announced quietly in Beijing in late June and represents one of the most consequential structural shifts in the global gold market this year. Despite its significance, mainstream coverage has largely overlooked … Read more

Oil is up about 3% this morning. Under typical conditions that move would normally pressure silver, and most traders understand why. Yet today silver is moving higher instead of falling, a divergence that is worth examining because it reveals how markets are already pricing in future policy decisions. Silver’s spot price is trading near $56.87, … Read more

Key Takeaways HSBC reduced its 2026 average gold forecast to $4,560 from $4,864 on July 9, 2026, while keeping its year-end target at $4,750. The gap between the average and year-end target is the important signal. The structural drivers behind the 2024–2025 gold bull run — sovereign de-dollarization, widening fiscal deficits, and continuous central bank … Read more

The chair of the Federal Reserve testified to Congress today and delivered a message that every saver should hear. Fed rate policy — the principal tool meant to manage the economy — has effectively created a generation of homeowners and, in turn, a generation left behind. Chairman Kevin Warsh told the House Financial Services Committee … Read more

Key Takeaways GoldSilver customers can store physical gold and silver in Hong Kong at a Malca‑Amit vault located next to Hong Kong International Airport, inside a Free Trade Zone. Malca‑Amit is a CME Group–approved depository for kilobar gold contracts and an LBMA member firm, holding the same institutional credentials used by central banks and sovereign … Read more