Gold began the second quarter around $4,700 per ounce. By June 30, 2026, the price stood at about $4,015 — a roughly 14% drop for the quarter. That decline marks the weakest quarterly performance for gold since the dramatic sell-off in Q2 2013, when markets reacted to changes in Federal Reserve policy expectations. The commonly … Read more

Key Takeaways Gold has retraced roughly 28% from its January 2026 peak near $5,589 as the Federal Reserve signals a tighter-dollar approach under new Chair Kevin Warsh. Warsh, confirmed by the Senate in May 2026, has publicly prioritized shrinking excess liquidity and reducing the money supply — a policy that directly challenges the long-running monetary … Read more

Gold is trading at $4,023 this morning. OCBC (Oversea-Chinese Banking Corporation), one of Southeast Asia’s largest banks, has just cut its year-end gold forecast sharply — from $5,100 to $4,360 — citing higher real yields, a stronger U.S. dollar, and a more hawkish Federal Reserve. These are the same macro forces that typically push model-based … Read more

Key Takeaways The Federal Reserve’s June 17 FOMC dot plot included 18 projections, not 19. Chair Kevin Warsh chose not to submit a forecast — the first time a sitting Chair has withheld a dot since the tool was introduced in 2012. Nine of the 18 submitted dots indicate at least one rate hike in … Read more

Key Takeaways A savings account protects your cash balance. Gold preserves purchasing power. They serve different purposes. As of May 2026, the Consumer Price Index rose 4.2% year-over-year. The national average savings rate is 0.38%. That implies a real return near negative 3.8% for the average saver. High-yield savings accounts may offer around 4.20% APY. … Read more

Key Takeaways All the gold ever mined — about 220,000 tonnes — would fit in a cube roughly 22 meters on each side [World Gold Council, 2025]. Annual mined supply grows only about 1.8% per year and cannot be meaningfully accelerated. Gold’s zero nominal yield becomes attractive when real interest rates compress toward zero. Historical … Read more

A stronger-than-expected jobs report is pushing gold’s paper price lower. The connection is straightforward: robust hiring reinforces the Federal Reserve’s hawkish stance, higher interest rates increase the opportunity cost of holding a non-yielding asset like gold, and leveraged futures traders often sell quickly in response. That dynamic is already underway — gold is down about … Read more

Gold fell about 5% this week to $4,044 per ounce, marking its steepest weekly decline of 2026. That move, however, contrasts sharply with central bank behaviour this year. The World Gold Council’s Central Bank Gold Reserves Survey, published June 16, 2026 and covering 76 institutions, found that 89% of reserve managers expect their gold holdings … Read more

Key Takeaways Seigniorage is the government’s profit from issuing currency — effectively an inflation tax on every dollar you hold. A $100 bill costs only a few cents to produce; the government captures the difference as seigniorage. Under the classical gold standard (roughly 1880–1914), inflation was minimal. After 1971, when the dollar was no longer … Read more

Key Takeaways The gold-silver ratio closed Friday at 69.3:1 — its highest weekly close since the Iran conflict peak weeks. This was driven by aggressive Fed repricing after the June 17 FOMC, which pushed September rate-hike odds from roughly 29% to about 68% in a single week. Thursday’s PCE data (headline 0.4% MoM, core 0.3% … Read more