News

Amid surging gold prices, the World Gold Council plans to implement “digital gold”: a form that can be used as collateral and meet margin requirements, thereby breaking gold’s current status as a non-yielding asset. According to the Financial Times, the World Gold Council (WGC) is planning to launch gold in digital form. This initiative could create revolutionary changes in the … Read More

While the headline speaks for itself, there are some nuances regarding gold’s rally to $3,508 that are worth noting. First, like the previous all-time high in April of this year, the movement occurred during Asian trading hours (02:48 London time) and not during London trading as we would have expected. Yes, markets have epicenters where liquidity converges, and it is … Read More

A consensus price forecast strives to evaluate the wisdom of the crowd. However, the LBMA Annual Precious Metals Forecast Survey seeks the individual analyst who makes the most accurate market price forecast for that given year, identifying the wisdom IN the crowd. How do surveys serve as consensus forecasts for metal prices? Accuracy of consensus forecasts Examining forecast survey data … Read More

On Wednesday, silver prices remained above $39 per ounce, fluctuating near their highest level since 2011, as a weaker U.S. dollar and lower Treasury yields continued to stimulate demand for precious metals. Investors also reacted to the latest trade developments after U.S. President Donald Trump announced a new trade agreement with Japan, which includes a 15% tariff on Japanese exports … Read More

Russian exports of precious metals to China have increased by nearly 80% this year, as Moscow strengthens its dependence on Beijing due to Western sanctions, Bloomberg reported on Monday. Russian shipments of gold, silver, and other precious metals to China reached $1 billion in the first half of 2025, nearly double compared to the same period last year, according to … Read More

A record number of investors sold gold coins to the Royal Mint between April and June for tax-free gains, as the price of gold reached all-time highs. The value of gold coins resold to the Royal Mint reached an all-time high, with a 75% increase quarter-on-quarter and 55% year-on-year. The Royal Mint operates a buyback program where customers can sell … Read More

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

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

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 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