#central-banks

30 posts

gold Nov 6, 2026

Goldman Just Cut Its Gold Target to $4,150. That's About 2% Above Friday's Price.

Goldman Sachs cut its end-2026 gold target to $4,150 from $4,650 as the Fed turns hawkish. Here's what that cut actually says about rate hikes.

gold Nov 5, 2026

The Bank of England Just Hiked Rates. Gold Rose 1.7% Anyway.

The BoE raised rates to 4% for the first time since 2023, and spot gold still traded near $4,128. Here's what that says about the rate-hike playbook.

gold Nov 3, 2026

Central Banks Bought 321 Tonnes of Gold in Q3. Stackers Bought 19% Less.

The World Gold Council's Q3 report shows central banks surging while bar and coin buyers pulled back. Same quarter, opposite behavior.

gold Oct 28, 2026

Canada Just Hiked Into an Oil Shock. The Fed Is Next in Line.

The Bank of Canada raised rates to 2.5% and said more may come. Gold sits near $4,055 as traders bet the Fed follows by December.

gold Oct 22, 2026

Russia Sold Another 6.2 Tonnes of Gold. Its Reserves Are Back to 2019 Levels.

The Bank of Russia's gold holdings fell to 2,264 tonnes, the lowest since 2019. The seller isn't bearish on gold. It needs the cash.

gold Oct 13, 2026

Kazakhstan Was a Top-4 Gold Buyer This Year. Now It's Selling.

Kazakhstan's central bank will cut gold from about 78% of reserves to 75% by year-end, citing Treasury yields at a 24-year high. Here's what that means.

gold Oct 7, 2026

Gold Fell in September. China Bought the Most Since 2023.

China's central bank added 740,000 ounces of gold in September, its biggest monthly purchase in three years, while spot gold slid 1% on Wednesday.

gold Sep 22, 2026

China Imported 1,000 Tons of Gold in 8 Months. Its Central Bank Only Bought 80.

Chinese customs data shows imports already beat all of 2025 with four months left. The PBOC's headline-grabbing reserve buying is a rounding error next to it.

gold Sep 21, 2026

The Fed Is Hiking. Yields Are Near 5%. China Just Bought Gold for Month 22 Anyway.

Gold is sagging under high yields and a firmer dollar, while the PBOC added 20.2 tonnes in August. One force moves the daily price. The other has moved for 22 months.

gold Sep 18, 2026

The Fed Just Went Hawkish. Gold Hit a Weekly High Anyway.

Warsh's dot plot signaled more hikes are coming — the scenario that was supposed to hurt gold. Gold touched $4,439.80 instead. Here's why.

gold Sep 16, 2026

The Fed Hasn't Hiked Rates Since 2023. That Changes This Afternoon.

CME traders put the odds of a rate hike at 92% today. Gold already rallied back to $4,325 in anticipation. Here's what actually moves at 2PM ET.

gold Sep 7, 2026

Top 10 Countries With the Most Gold (You Won't Believe #3)

Which country actually holds the most gold on Earth?

gold Sep 4, 2026

20:1 or 250:1? The Truth About Paper Gold

What's the real ratio of paper gold to physical gold, and is any of the scary numbers you've seen online actually true?

gold Sep 1, 2026

A Week Ago, the Fed Was Favored to Do Nothing. Today the Odds Flipped.

CME FedWatch odds of a September rate hike jumped from 39.6% to 66.4% in a week. Gold and silver fell again — but they're still up 31% and 72% for the year.

gold Aug 25, 2026

Gold Dipped Today. The Money Didn't Notice.

Spot gold slipped ahead of PCE data and Warsh's Jackson Hole debut, but gold ETFs just logged their biggest weekly inflow in 10 months.

gold Aug 10, 2026

China Just Made Its Biggest Gold Buy Since 2023. That's Month 21.

The PBOC added 20 tonnes of gold in July, its largest monthly purchase in nearly three years, extending a buying streak that's now 21 months long.

gold Aug 7, 2026

A Bad Jobs Report Just Gutted the Fed's Hike Case. Gold and Silver Are Cashing In.

Payrolls fell 23,000 when Wall Street expected a gain of 80,000. Gold and silver spiked within hours — here's the actual chain of cause and effect.

gold Aug 5, 2026

Peace Broke Out in the Middle East. Gold Went Up Anyway.

A Hormuz deal should have killed gold's fear premium. Instead gold climbed toward $4,200, because the real driver was never fear — it's the Fed.

gold Aug 1, 2026

Central Banks Just Bought a Record Amount of Gold — During a Price Crash

Gold fell 16% last quarter. Central banks responded by buying more of it than ever. That's not a coincidence, that's a signal.

gold Jul 31, 2026

Gold Just Passed Treasuries as the World's Reserve Asset. Nobody Rang a Bell.

For the first time since 1996, gold is now worth more than U.S. Treasuries in global reserves. Central banks bought a record 289 tonnes last quarter to make it happen.

gold Jul 27, 2026

Wall Street Keeps Cutting Its Gold Forecast. Central Banks Keep Buying Anyway.

Goldman, JPMorgan, and BofA all slashed their gold price targets this month. Central banks bought right through it. One of these groups is wrong.

gold Jul 23, 2026

China Just Bought the Most Gold Since 2023. Retail Is Finally Catching Up.

The PBOC's biggest gold purchase since 2023 landed in the same week as a Middle East flare-up. One of these drivers matters a lot more than the other.

gold Jul 19, 2026

China's Central Bank Just Bought the Dip. For the 20th Month Straight.

The PBOC added 15 tonnes of gold in June, its biggest purchase since 2023, while everyone else was panic-checking their portfolio.

gold Jul 16, 2026

There's a Shooting War and Gold Is Down 5.6%. Explain That.

The U.S. is bombing Iran for a fifth straight day and the Strait of Hormuz is closed. Gold is down 5.6% this month anyway. Here's why.

gold Jul 10, 2026

HSBC Cut Its Gold Forecast by $304 — After the Price Already Moved

HSBC slashed its 2026 gold forecast to $4,560 from $4,864 this week. The bank isn't predicting the market. It's describing what already happened.

gold Jul 9, 2026

The Fed Chair Won't Even Guess Anymore. That Should Tell You Something.

Kevin Warsh skipped his rate projection at the June FOMC meeting — the first Fed chair to do that since 2012. Here's why that matters more than the headline vote.

gold Jul 5, 2026

China Just Bought Gold for the 19th Straight Month. That's Not an Investment Thesis — It's a Vote of No Confidence

China added to its gold reserves for the 19th consecutive month while Turkey sold gold to prop up the lira. Same asset, opposite signal.

gold Jul 1, 2026

Gold's Worst Quarter Since 2013: The Warsh Effect

Gold is down 14% this quarter — the steepest drop since 2013 — and one policy pivot is almost entirely to blame.

gold Jun 30, 2026

Gold Just Had Its Worst Quarter Since 2013. A Record Share of Central Banks Say They're Buying Anyway.

Gold closed Q2 down 14%, its steepest quarterly decline in thirteen years. Meanwhile a World Gold Council survey found a record 45% of central banks plan to add to their own reserves. Both things are true.

ounce-by-ounce Jun 15, 2026

Gold vs. Silver: Which One Are You Actually Supposed to Own?

Gold or silver — which one actually belongs in your stack? We go back to basics: what makes these two metals completely different animals, who each one is built for, and how to think about how much you should own.