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A Credible Audit of U.S. Bullion Holdings Remains Elusive When it comes to U.S. gold reserves, secrecy prevails over transparency. Attempts to authorize a comprehensive, independent audit of the nation’s gold reserves have proven elusive and futile for decades. The last two prominent audits, conducted 72 and 51 years ago, respectively, were far from thorough or free of government influence. The 1953 gold audit was commissioned by Treasury Secretary George M. Humphrey shortly after President Dwight D. Eisenhower took office. While often cited as an independent undertaking supervised by representatives of the presumably nonpartisan General Accounting Office (GAO), the audit’s...

Gold is in the middle of what looks like an unstoppable bull run. It has already punched through $4,000 an ounce. At the rate the price is rising, it may well go to $5,000 within a few weeks, and perhaps even $6,000 as the next year unfolds. There have been lots of different explanations for this, from the looming collapse of the dollar, to secret Chinese buying, to the conspiracy theories circulating on the wilder fringes of the internet, such a secret plot to re-establish the gold standard, or attempts to replace all the metal that is meant to be...

Key Points Gold futures broke above $4,000 per ounce on Tuesday for the first time. The precious metal has soared this year as investors seek a safe haven from a weaker dollar and geopolitical and economic uncertainty. ============================================================= Gold prices hit $4,000 for the first time ever Tuesday as investors seek a safe haven from a weaker dollar, geopolitical volatility, economic uncertainty and stubborn inflation. Gold futures were last trading at $4,005.80 per ounce. Prices have gained more than 50% this year as the U.S. dollar index has dropped 10% and President Donald Trump upends the global trade system and...

Our headline chart shows silver storming ahead amid reports of backwardations and soaring lease rates. Will it continue, and will gold be next? A graph of a line graph AI-generated content may be incorrect. Driven by poor liquidity, in Europe this morning silver was $45.03, up $2.00 from last Friday’s close. Gold was up a less spectacular $68 at $3750 on the week, but with a firm undertone. In this report, we look at what is currently driving gold and silver prices higher, and whether it will continue. The chart below illustrates the paper market problem with the silver futures...

New all-time High Today 3,813.60 up+38.50 (+1.02%)

Gold is on a record run — here’s how to invest, according to experts….

VIDEOGold prices have reached record heights of around the 3400 level recently. So what do you think Jim Cramer predicted about where gold prices were heading back in 2019? Well, if you know anything about Jim Cramer you should already know the answer to that question.

“This is absolutely crazy. Right now, there might not be any other asset in the world that's being snapped up like gold—by central banks, global investors, businesses, and regular people all at the same time. And the key here is, they’re all going after physical gold. This could be the biggest scramble for real gold we've ever seen. And with this frenzy, global gold prices just keep climbing, hitting new record highs almost every day.” https://www.youtube.com/watch?v=3iqmeripwl0

A Comex exchange-for-physical crisis is in progress, repeating the disruption during covid. The media story blames Trump’s potential tariffs. But is this the real reason gold is hitting new highs? Gold and silver rose further this week, driven by continuing premiums on Comex futures over London spot. In European trading this morning, spot gold was $2794, up a further $24 from last Friday’s close. And silver was $31.60, up $1.25. The gold/silver ratio fell from 91.7 on Monday morning to 88.4. While silver is still well below recent highs, it has outperformed gold since the New Year as our headline...

For those uninitiated in finance, a "short squeeze" refers to a situation where an individual or legal entity sells an asset in the future without owning it first, in the hope of buying it back later at a lower price in order to make a profit. However, if the price of this asset increases instead of falling as expected, this individual or legal entity is forced to buy it quickly to honor the delivery of their forward sale. This hasty buying movement then contributes to accentuating the rise in prices. Isn't this precisely what gold prices have been reflecting for...

Kitco News) - Gold continues to dominate the global currency market, hitting record highs across the board; however, the precious metal also continues to demonstrate its value in the real world. Last week, the European-based investment firm Incrementum AG published its annual iPhone/gold ratio, which underscores how gold continues to maintain its value. The firm noted that for the third year in a row, the cost of an iPhone priced in gold bullion has dropped. According to the unique ratio, the iPhone 16 Pro with 1 TB of memory costs 0.60 ounces of gold, which is 23% less than last...

It has long been a generally accepted fact that western central banks continually attempted to manipulate gold and silver prices in the financial markets. For years, they conspired to artificially suppress the price of gold, pushing it lower by selling short massive numbers of gold futures contracts. Well, more evidence of this came to light just this past week – the last week of April/first week of May. And along with it came some pretty convincing indications that western central banks no longer wield sufficient financial clout to enable them to keep gold and silver prices down. China is the...

Dear Friend of GATA and Gold: London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money that repeated attempts by the U.S. Federal Reserve to knock down the price of gold via sale of futures contracts in New York just continue to feed Chinese demand for real metal as the contracts are converted to deliverable instruments in London…. See video.

Geopolitical risks are on the rise in a system with no slack, and that, according to Goldman Sachs commodities research chief, Jeffrey Currie, strengthens his thesis that the case for commodities has rarely been stronger. While many commodities are fundamentally exposed to events in Ukraine, believes oil and gold provide the cleanest hedges for this geopolitical risk. First, there is clear upside skew in oil prices on both a tactical and strategic basis, with any geopolitical risk premia coming in on top of the tightest inventory levels in decades, low spare capacity and a much less elastic shale sector. If...

Inflation in the US is at historically high levels.(Peter Schiff and Tucker Carlson Discuss the Worst Inflation in US History)So, why hasn’t gold taken off? We hear this question over and over again. In this video, Peter Schiff answers this question and explains why the markets will eventually wake up to their misperception. That’s the key word – misperception. Taper tantrums and fear of Fed rate hikes have distorted perception in the markets. People are selling gold when they should be buying gold on the dips. And at the root of this misperception is the market’s focus on nominal interest...

Gold rose on Tuesday as rising inflationary fears weighed on investors’ appetite for risk and a pullback in U.S. Treasury yields added to the appeal of the non-yielding bullion. Spot gold rose 0.4% to $1,761.41 per ounce by 1159 GMT, while U.S. gold futures were up 0.4% at $1,762.40. A global energy crunch has threatened the economic outlook and fanned inflation fears, driving some investors toward safe-haven assets. “There’s more risk aversion in the market and gold is benefiting from that, coupled with concerns about inflation and cooling of the global economy,” Commerzbank analyst Daniel Briesemann said. If stagflation talks...

Many are asking why gold is not rising, as just about every other commodity makes new highs in the backdrop of inflationary tailwinds.That’s a very fair question.Some are even saying gold is dead, a silly and “barbarous” old relic of ancient times, ancient math and ancient common sense.Needless to say, we beg to differ, not because we are Swiss-based gold bugs, but simply…well… let’s explain.Current Price vs. Current and Future RolesFor those who see history and math as guides rather than “barbarous” and outdated disciplines, their convictions regarding gold’s role, and even price trajectory, do not wane or rise simply...

In the volume void that follows the resumption of futures trading, and which saw US futures trade modestly lower, a sudden burst of selling in the gold futures contract sent Gold futures plunged as low as $1,677.0 or almost $100 lower from the Friday close of $1,761.50. Together with Friday’s post-payroll plunge, this has been the biggest 2-day drop in gold (in dollar terms) since the March 2020 crash.

Gold shed more than 2% on Thursday, precipitating a sell-off across precious metals with palladium set for its worst day in over a year, as the dollar gained ground after the U.S. Federal Reserve struck a hawkish tone on monetary strategy. Weakening physical demand and slowing speculative flows into gold, both of which began before the Fed meeting, could also help to drive a further pullback

The Federal Reserve surprised the market Wednesday with projections that future interest rate hikes will come a bit sooner than expected. Gold bugs in particular were disappointed. The price of gold fell 4% Wednesday and was lower again Thursday, falling below $1,800 an ounce for the first time since early May. While it's true that gold often rises along with inflation fears, Wall Street may have already priced in this scenario. Investors appear to be selling gold now due to expectations that the Fed is taking the threat of inflation more seriously and may move more aggressively to tamp it...