Gold

Gold surged toward a three-month high, driven by U.S. debt fears and dollar weakness. On Friday, spot gold rose 1.6% to $4,591 an ounce, putting the commodity on track for its third consecutive weekly gain.

Gold is currently rebounding as investors weigh several economic factors. These concerns include U.S. debt, a weaker dollar, and stubbornly high Treasury yields, all of which are reviving bullion demand.

Gold and Bitcoin are rallying as discussions concerning debasement increase. Separately, Bessent’s bond buyback was cited as the trigger for a decline in the dollar.

Over the past month, China’s materials stocks have surged to become market leaders. This strong performance transformed what had been a lagging sector into a top performer. The rally was driven by increases in both gold and copper.

Scott Bessent's actions have reportedly moved markets everywhere, with a large amount at stake. Currencies, gold, and Bitcoin prices reacted directly to his bond buyback gambit.

Bessent’s Treasury operations are linked to revitalizing the gold trade. Strategists hold that gold functions as the reciprocal of the dollar, and they predict that Bessent’s yield curve control will negatively impact the U.S. currency.

UBS Chief Strategist Bhanu Baweja stated that Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt could give another lease of life to the gold trade. This strategy aims to keep long-end yields in check, which impacts wider markets including currencies and gold.

Mobile gold miners in eastern Congo complicate efforts by health workers trying to contain Ebola. The mining activity poses challenges to containment efforts, illustrated by the case of eleven-year-old Isaac Batisa searching for gold at a local mining site to provide for his family.

Gold remained steady near $4,400 as traders assessed multiple factors influencing the Federal Reserve's interest-rate path. Specifically, they are weighing the competing impacts of cooling US economic data and ongoing energy-led inflation pressure.

Due to global liquidity having peaked and facing rising interest rates, Mike Howell argues that investors should adopt a defensive posture. Specifically, he advises maintaining this caution by hedging against inflation and purchasing commodities such as gold.

The article argues that concerns about the U.S. dollar have made gold relevant to a value investor who previously considered it outside their framework because it lacks cash flows. The core concern is that the stability of the US's economy, democracy, and military are all declining, evidenced by high budget deficits and rising debt service costs.

Panumre Liberum argues that copper is highly valuable, suggesting it is more precious than gold nowadays. They claim copper offers the inflation protection of gold while also providing an industrial-backed demand growth story and relative immunity to movements in interest rates.

Gold is experiencing a rally due to deep-pocketed buyers. ETFs are actively increasing their investment in bullion, following the pattern set by central banks.

Barrick Mining Corporation reported a second-quarter profit of $1.22 billion, achieving 73 cents per share, with adjusted earnings reaching 82 cents per share. These results surpassed Wall Street expectations and the company posted revenue of $5.29 billion in the period. Shares have seen an overall climb of 86% over the last 12 months.

Amid global economic uncertainty fueled by wars, trade tensions, and inflation, central banks are increasingly stockpiling gold. According to a survey, 89% of central banks expect global gold reserves to grow, viewing it as a safe asset for diversification and protection against fiat currency instability.

Due to increasing global uncertainty from wars, trade tensions, and high inflation, central banks worldwide are accumulating gold reserves as a safe-haven asset. A World Gold Council survey found that 89% of these institutions expect global reserves to grow, leading many countries to diversify away from reliance on single foreign currencies. This purchasing trend is driven by the desire for protection against economic turmoil and geopolitical instability.

Gold steadied after recording its largest weekly gain since January. This stability was driven by traders reacting to unexpected soft US jobs data, which allayed previous concerns regarding future interest-rate hikes.

Gold and silver prices rose as a weaker U.S. dollar and steady real yields boosted precious metals. The gains are significant for mining operations in Mexico and Peru.

Gold maintained a stable trading range as progress toward an interim deal to reopen the Strait of Hormuz alleviated inflation worries and lowered expectations for a US Federal Reserve interest rate hike.

Tether Gold reserves increased by 9.5% as gold experienced its worst quarter since 2013. XAUt added to its bullion backing during this period, with tokenized commodity holder counts continuing to rise.

Spot gold increased by 0.27% to US$4,054 an ounce and silver rose by 0.81% to US$58.26 as the dollar weakened. GLD and SLV ETFs also saw slight gains, closing at US$371.71 and US$52.46, respectively.

Chinese institutional investors have increased gold purchases, stabilizing prices above $4,000 an ounce. This activity has helped arrest the precious metal's decline.

Gold prices remained stable as traders observed Middle East negotiations, which could influence the US Federal Reserve's decision on interest rate hikes.

Deutsche Bank asserts gold remains in its 'explosive phase' and maintains its year-end target. The bank notes gold has historically outperformed CPI, with this trend becoming more pronounced in recent years.

Gold futures rose 1.02% and silver 1.92% on Monday, driven by a softer dollar and falling real yields that attracted haven buyers. The price increases boosted Mexican and Peruvian miner proxies.

Gold prices increased as new US-Iran negotiations were announced, potentially easing energy-driven inflation concerns.

A man was arrested for stealing gold from a grandmother's residence in Kadapa. The incident involved the theft of valuables from an elderly woman's home.

Gold and silver prices declined as the dollar strengthened, leading to dips in shares of Mexico’s Fresnillo and Peru’s Buenaventura.

Tether reported a $1.5 billion profit in Q2 as the USDT supply expanded and its gold holdings increased to over 146 metric tons. The stablecoin's assets include U.S. Treasuries, repo agreements, and significant gold reserves.

Gold maintained a two-day gain as the US dollar sharply declined following Japan's intervention to strengthen the yen. The move by Japan to support the yen weighed on the dollar, indirectly boosting gold prices.

Ray Dalio holds 1% of his portfolio in Bitcoin but prefers gold, citing risks like government regulation and quantum computing threats. He has previously criticized Bitcoin's volatility and emphasized gold's reliability, while acknowledging Bitcoin's growing acceptance among traditional investors.

Gold and silver prices increased as a softer U.S. dollar and safe-haven demand boosted market sentiment, with a gold-tracking fund reaching $4,085 and a silver-tracking fund hitting $58.20. Latin American miners also saw gains.

Central banks bought less gold at the start of the year than previously thought, with demand rebounding but purchases expected to decline this year, according to the World Gold Council.

15 kg of gold and ₹28.5 crore cash were recovered from a former government bus driver in Bengal's Birbhum. This is one of the largest cash recoveries in the state following a previous case involving ₹50 crore cash and 5kg gold recovered from a close aide of former Education Minister Partha Chatterjee.

Gold prices advanced following the US Federal Reserve's decision to maintain interest rates at current levels. The Fed's action occurred despite inflationary risks linked to the ongoing war in the Middle East.

Eric Adams mandated NYC preschools to adopt The Creative Curriculum, but under Mamdani, providers can now apply to use alternative curricula from a pre-approved list. The mandate faced backlash for limiting teacher flexibility, though the data-heavy GOLD assessment system remains required regardless of curriculum choice.

Binance has launched new commodity options for gold and silver through its Abu Dhabi-regulated ADGM exchange. These options allow traders to gain exposure to gold and silver prices via Binance's regulated platform.

Gold remained stable while silver saw a slight increase, influenced by softer real U.S. yields and a cautious dollar. The market movements were linked to safe-haven demand and mining exposure in Latin America, particularly in Mexico and Peru.

Hong Kong’s gold imports reached a decade-high in June, driven by preparations for the city’s newly launched clearing system and strong demand from mainland China. The surge marks the highest level since late-2014.

Gold prices held a decline ahead of the US Federal Reserve's interest-rate decision scheduled for later Wednesday. Middle East tensions continued to persist alongside the economic uncertainty.