Gold Reserves Tracker

Central Bank Gold Activity

• 🔥 50-Year High Holdings: Central bank gold holdings reached a 50-year high exceeding 36,000 tonnes, with average...

High gold prices mask a bifurcated AISC curve, pushing majors toward acquisitions of low-cost juniors for reserve replacement.

• AISC pressure:...

Central banks now hold more gold than U.S. Treasuries as a share of reserves for the first time since 1996, with gold reaching 27% versus 22% for...

Silver surged to $62 after June NFP printed just 57k jobs, triggering rate-cut bets and a 6.8% weekly gain while the gold-silver ratio tightened to...

Gold Spot and Forecasts

• Spot Gold Update: Spot gold traded at $4,174.21 per ounce, up 1.3% on the day.
• 🔥 JPMorgan Q4 Forecast: JPMorgan...

Two major projects highlight renewed North American mining momentum:

• Canada commits C$500 million to Red Chris expansion, boosting annual copper...

Gold swung sharply with Fed narrative shifts this summer.

• Hawkish Warsh surprise in June lifted rate-hike odds, sending gold lower and silver down...

Silver's path shows extreme swings: a January 2026 peak above $120 collapsed to a late-June low near $56, halving its value amid a bearish trend since...

Central bank buying and silver supply deficits underpin analyst recommendations for H2 2026 despite recent price dips.

• Newmont (NEM) fell only 3%...

JPMorgan sees demand weakness capping gold near $4,500 by Q4 2026, while State Street targets $5,500 by Q1 2027 on structural tailwinds.

• JPMorgan...

Alasdair MacLeod warns America's Middle East influence has collapsed, accelerating the dollar's terminal decline.

• China is aggressively dumping...

Central banks purchased a net 41 tonnes of gold in May, the second-highest total of 2026, led by Poland and China while Russia sold 6 tonnes. This confirms sustained sovereign buying even as prices fell.

Gold Price Surge

• 🔥 Spot Gold Breaks $4,120: Spot gold climbed above $4,120 to $4,126.97 per ounce on July 3 after weaker-than-expected US...

Weak June jobs data (57k vs 110k expected) triggered sharp repricing of Fed hikes, lifting gold above $4,120 and silver toward $70.

• Gold: Climbed...

Central banks are structurally reducing dollar holdings for the first time on record while accelerating gold purchases as a geopolitical hedge.

-...

Gold mining stocks are as cheap as Rick Rule has seen in 40 years relative to net present value at current prices, making the pullback a buying...

Precious Metals Rebound

• 🔥 Spot Gold: Spot gold rebounded near $4,100/oz on July 2 after soft ISM Manufacturing PMI at 53.3 and dovish Fed...

• China reclassifies silver as strategic resource, limiting exports to 44 firms and trapping supply domestically.
• Safety crackdowns in Henan and...

• WGC sees gold rangebound near $4,100 with upside catalysts like lower rates or geopolitics pushing toward $4,500, while downside stays limited by...

Gold prices climbed on soft US jobs data and weaker oil, shifting focus to upcoming nonfarm payrolls.