Goldman Sachs reduced its year-end gold target from $5,400 to $4,900 on June 19. Other major banks differ: JPMorgan remains at $6,000, Wells Fargo at $6,100–$6,300, and Deutsche Bank at $6,000. Goldman’s downside scenario is $4,400. That leaves a $1,100 spread between the most cautious and the most bullish forecasts — a wide divergence among … Read more

Key Takeaways Gold is trading at $4,177 per ounce today, roughly 25% below its January 2026 peak of $5,589, yet still about 28% higher than a year ago. Morgan Stanley retains an upside view for gold in the second half of 2026 and argues a $5,200 level is achievable, but this depends on a specific … Read more

In today’s update: an Iran peace roadmap, U.S. oil sanctions temporarily lifted, a U.K. prime minister resigns, and 89% of central bank reserve managers plan to increase gold holdings. Through it all, gold remained above $4,100. Below is what each development means for the precious metals market. Five major stories are shaping the gold market … Read more

On June 19, Goldman Sachs analysts Lina Thomas and Daan Struyven revised their year-end gold price forecast, lowering it from $5,400 to $4,900 per ounce. The adjustment reflects a change in the bank’s view of the Federal Reserve’s path: Goldman no longer expects any rate cuts in 2026 and now sees the first easing as … Read more

Key Takeaways PCE is the Fed’s preferred inflation gauge. It adjusts for substitution in consumer spending and covers a broader basket than CPI, making it the metric most directly tied to Federal Reserve policy decisions. May PCE is due Thursday, June 25. Core PCE ran at 3.3% in April. A hotter-than-expected reading near or above … Read more

Most investors encounter gold and TIPS (Treasury Inflation-Protected Securities) in different corners of the market: gold via advocates of sound money, and TIPS through fixed-income desks. Rarely are they compared directly, even though both can serve a similar role in a portfolio: protecting purchasing power. Because they respond to inflation in very different ways, understanding … Read more

Gold is quoted at $4,152 this morning, down roughly $57 from Thursday’s open, while silver sits near $64.72, about $1 lower. If you’re drawing big conclusions from those figures, pause. The US market is closed today for Juneteenth. The New York Stock Exchange, Nasdaq, US Treasury markets, and major settlement systems are not operating. Regular … Read more

Key Takeaways Solar PV silver demand fell 19% in 2026 to roughly 151 million ounces — the largest single-year reduction on record (World Silver Survey 2026) Despite that reduction, the global silver market is heading for its sixth consecutive annual supply deficit, widening to 46.3 million ounces from 40.3 million in 2025 The deficit is … Read more

Silver opened the New York session at $67.94 and climbed to an intraday high of $69.85, a gain of roughly 2.8%, as markets digested news of the Iran peace agreement. That development lowered oil prices and pushed down near-term inflation expectations — which, in turn, reduced the probability of aggressive Fed tightening. For a time … Read more

Key Takeaways The gold/silver ratio dropped from about 85:1 in late February to roughly 64:1 today — a compression of roughly 21 points in five weeks. In every major precious metals bull market since 1980, a compression from elevated ratio levels has preceded periods when silver significantly outperformed gold. At roughly 64:1 the ratio sits … Read more