The World Gold Council’s North American Chief Market Strategist stated that gold’s sideways movement indicates it is waiting for clarity on interest rates and trade policies, and warned that gold could also face tariff adjustments in the future. Joe Cavatoni, Chief Market Strategist for North America at the World Gold Council (WGC), stated that gold has recently continued to consolidate … Read More
ROSS NORMAN: Turning gold digital?
I remember that 10 years ago Dieter Zetsche, the CEO of Daimler Benz, said he feared competition from the likes of Apple and Google rather than traditional rivals Audi or BMW. At the time, it seemed fanciful, if not delusional. But it was prescient. Zetsche’s comments recognized a broader shift in the technological landscape that has the potential to disrupt … Read More
New Anti-Money Laundering Regulations in China: A Change for Cryptocurrencies and Precious Metals?
As the People’s Bank of China unveils its new anti-money laundering (AML) regulations for precious metals, what ripples are being felt within the cryptocurrency sector? What Do the New Anti-Money Laundering Regulations Entail? The People’s Bank of China (PBoC) has announced new regulations that will come into effect on August 1, 2025. These rules expand AML compliance requirements for precious … Read More
Turks Holding Large Quantities of Gold Under Their Pillows
Turks have billions of dollars in gold “under their pillows.” The Turkish central bank estimates that Turkish households hold more than $311 billion in unregistered gold, most of it outside the official financial system. The central bank calculated this amount by adding the current quarter’s gold production and imports to the reserves from the previous period and then subtracting gold … Read More
Gold is “technically overbought” but “actually under-owned,” says strategist
Investors of all stripes have flocked to gold in recent months as the safe-haven asset has gained ground amid widespread economic uncertainty, and one expert says the price of the precious metal will likely need to rise further. “There is this perception that gold is a crowded trade, that it is over-owned,” said Daniel Ghali, Director of Commodity Strategy at … Read More
Why Chinese Gold Jewelers Are Eclipsing Global Luxury Brands
While global maisons chase modern minimalism, China is gilding the future with ancient motifs, 24-karat dreams, and a new kind of emotional value. In a gleaming shopping mall in Hangzhou, a Gen Z couple leans over a glass counter filled with phoenix bracelets and filigree-engraved lockets. But this is not a family heirloom handover. This is a self-gifting ritual, captured … Read More
Why gold is more than a safe haven for central banks
Why gold is more than a safe haven for central banks Central banks expect global gold reserves to grow over the coming year, amid geopolitical tensions and persistent economic challenges. Our 2025 Central Bank Gold Reserves Survey shows strong indications that gold will remain a key reserve asset over the next 12 months. 95% of reserve managers surveyed expect central … Read More
BofA Sees $4,000 Gold Price Due to U.S. Debt Concerns, Not War
Bank of America analysts see gold prices reaching $4,000 per ounce—an 18% jump from current levels—within the next year due to rising U.S. fiscal debt. Gold, traditionally viewed as a safe-haven asset during periods of uncertainty, has risen nearly 30% this year, driven by elevated global trade tensions and growing geopolitical risks. In April, the yellow metal climbed to an … Read More
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