Gold Rush

Central-bank demand is carving out structural support for gold even as Chinese consumer buying collapses.

• PBOC bought 23 tonnes in September—its...

HMY's $10.45B market cap is roughly 8× USAS's $1.30B, yet size alone reveals little about relative value.

• Dividend difference: HMY yields 4.59%...

Why are Treasury yields plunging after hotter-than-expected PPI data?

• Positioning unwind in an overextended bond market drove much of the move, not...

BlackRock's Evy Hambro calls gold miners' $12 billion in share buybacks "reckless capital allocation", arguing companies skip proper analysis when...

• Outcrop targets 2027 PEA and pilot plant at Santa Ana under Project Argentum
• Avino posted 15% Q3 silver output rise driven by La Preciosa's silver-rich mix
• Silver rebounded 2.5% after dipping to $55.40 on inflation data

• Outcrop Silver surged 13.73% after publicly launching Project Argentum at its Santa Ana silver project in Colombia
• PDI Gold rose 8.89%, Heliostar...

Gold maintains near-zero correlation with headline CPI over five-year periods and only rallies when real yields turn negative. A 1-point rise in 10-year real yields has historically triggered a 13.1% drop in real gold prices.

• Hot September PPI sparked a 13 bp drop in 10-year yields to 5.06%, driving gold's 1.70% rally to $4,181.86 amid energy-led inflation and a softer...

China's central bank and households are both buying gold, but for sharply different reasons.

• Official reserves: The PBOC added 23 tonnes in...

Sprott highlights a stark disconnect: gold miners' EV/EBITDA multiples sit at 5.7x, nearly half their 2014 peak, even as 12-month EPS expectations...

The article maps a clear chain: hotter PPI fuels tighter Fed expectations, lifting real rates and the dollar, which should pressure gold and silver.
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September central-bank gold purchases reached 63 tonnes, the highest monthly total since November 2024, strengthening the case for gold as a long-term...

Bolivia's new rules backed by President Rodrigo Paz remove the central bank certificate requirement for gold exporters, easing overseas shipments...

Open-market purchases (code-P) alone trigger modeled trades at Shoshone Silver, while code-A awards count only as filing evidence and never prompt...

• Gold and silver rose even as producer inflation accelerated, showing yields, dollar moves and expectations can override typical inflation links.
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Fortuna Silver Mines trades at a cheap stock price given its large assets, with the company viewed as a historically strong operator likely to overcome political problems while delivering increased cash flow.

Hot September CPI at 3.7% lifted yields near 5.2% and kept the dollar firm, triggering an initial selloff in gold and sharper drops in silver.

As the...

Gold volatility rises when economic events shift expectations on rates, currencies or stability.

• Interest rates: Watch real yields and rate-path...

Jefferies frames today's gold weakness from high yields and inflation as a buying chance for quality miners, backed by bullion's relative firmness,...

Gold's Q3 2026 consolidation above $4,000 has reset the baseline for precious-metals investors.

• Price action: Only four dips below the level, with...