Gold market news covering gold prices, bullion trading, gold ETFs, precious metals investing, and gold market analysis.
Treasury Secretary Scott Bessent assured Americans that all gold at Fort Knox is present and accounted for, but reminded them the dollar is no longer backed by gold. The U.S. holds over $1 trillion in gold at current market value, the largest reserves of any country, but moved to fiat currency in the 1970s.
Scientists discovered record-breaking 'invisible gold' forming inside an underwater volcano off Japan, at the Higashi-Aogashima caldera. The gold is locked inside pyrite minerals in hydrothermal vent chimneys and mounds, invisible to the naked eye. Researchers used secondary-ion mass spectrometry to detect the gold.
Gold futures opened at $3,980.10 on Friday, down 0.3%, as rising Middle East tensions and higher oil prices fueled inflation concerns. The spot price fell 1.56% to $3,992.75 per ounce on July 17, 2026, a decline of $63.10 from the previous close.
This commentary argues that gold's near-term outlook is weak despite a strong long-term bull case. It contends that the 2025 rally was overextended, leading to a prolonged correction, and suggests gold may consolidate through 2026 before resuming its uptrend in 2027 or 2028.
Goldman Sachs stated that strong central bank gold purchases in May, estimated at 81 tonnes, provide a price floor amid hawkish Fed pressure. The bank maintains its 2026 end-year gold forecast of $4,900 per ounce, citing structural demand since Russia's reserve freeze.
Royal Gold reported record Q1 revenue, cash flow, and $391 million in adjusted EBITDA during a virtual non-deal roadshow. The quarter was the first to fully reflect recent acquisitions, including the Sandstorm and Horizon deals. The company also added gold streams at Kansanshi and Warintza, and extended Mount Milligan's mine life to 2045.
The article argues that Sudan's civil war is sustained by illicit gold trade and shadow financial networks, not just ideology. It contends that UK sanctions on individuals and companies linked to these networks are a crucial step toward accountability, and urges international action to prevent further atrocities like those in El Fasher.
Gold futures opened at $4,068.90 per troy ounce on Thursday, up 0.4% from Wednesday's close, but later fell to $4,041.10. Prices remain above $4,000 as the U.S. strikes Iranian sites for a fifth day, with the Strait of Hormuz closed.
This commentary argues that gold IRAs involve hidden costs that most investors overlook, including dealer markups, custodian fees, and storage charges that can significantly erode returns. It contends that unlike dividend-paying assets, gold produces no income, making annual fees a direct drag on long-term growth.
This commentary analyzes the factors behind gold's sustained price rally, including central bank purchases, geopolitical uncertainty, and the emerging role of cryptocurrencies. It cites Deutsche Bank projections that gold could reach $8,000 per ounce by 2031, while examining shifts in buyer composition and market dynamics.