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Gold declined. Thursday's U.S. PPI release and Friday's CPI data are likely to set the tone around rate-hike expectations for the Sept.
The biggest gold miners on earth are making more money than they know what to do with. They've paid off the debt.
Spot gold and silver prices are lower in late-afternoon U.S. trading Tuesday, as rising crude oil prices, elevated Treasury yields and firmer Fed-hike expectations outweighed the safe-haven bid from renewed U.S.-Iran tensions.
The gold market's relative underperformance since February is not a failure of the bull market, but merely a pause, and the yellow metal has fresh all-time highs in its medium-term future, according to Anthony Kim, Global Head of Metals Trading at Goldman Sachs.Kim was asked on Goldman's The Markets podcast whether gold's all-time high of $5,589.38 per ounce in late January was the top of the current cycle.
ETFs, futures and options positioning all indicate that gold remains in a broad-based bull market in 2026, with multiple independent demand channels reinforcing one other, according to analysts at Société Générale.
The People's Bank of China (PBoC) added 20.2 metric tonnes of gold to its reserves in August, its largest monthly purchase since October 2023, the State Administration of Foreign Exchange (SAFE) announced on Monday. Last month's purchases brought the country's total official holdings to roughly 2,387 tonnes.
Commodities investors constructing 2027 shopping lists may want to go for gold over second-place silver.
Spot gold and silver prices are lower in early U.S. trading Tuesday, as rising oil prices and elevated Treasury yields kept pressure on non-yielding metals ahead of this week's U.S. inflation reports.
SEC filings for GLD aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.