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

Key Takeaways China’s bar and coin gold demand reached a record 207 tonnes in Q1 2026, reflecting a structural reallocation of household savings away from real estate and equities rather than short-term price momentum. India’s physical demand paused in 2026 after the government raised import duties from 6% to 15%, reducing affordability. The World Gold … Read more

June inflation registered the largest single-month decline since April 2020. The Consumer Price Index fell 0.4 percent on a seasonally adjusted basis in June — a much larger drop than the 0.1 percent decline economists had expected. The headline move was driven almost entirely by a near 10 percent collapse in gasoline prices after a … Read more

Oil has climbed more than 9% in five trading days. Vessel traffic through the Strait of Hormuz has plunged—crossings are roughly 52% lower week-on-week—and U.S. airstrikes on Iranian positions have continued for a fourth day. By the familiar logic that gold protects against inflation, you might expect gold to be soaring right now. Instead, gold … Read more

Key Takeaways The 10-5-3 rule assumes 10% annual returns for stocks, 5% for bonds, and 3% for cash — a simple framework intended for paper assets that generate income or earnings. Gold and silver do not yield interest or dividends. They preserve purchasing power by operating outside the banking and credit system, so standard return … Read more