Central Bank Gold Purchases Central bank gold buying eased to 863 tonnes in 2025 from 1,092 tonnes in 2024. Buying has cooled, but official-sector demand remains well above historical standards and continues to play a strategic role in reserve diversification. Image: Real Investment Advice
Gold Futures Positioning Despite the drop in gold prices in March, futures positioning held steady, suggesting that investors were buying downside protection rather than making a strong directional bet. Image: Deutsche Bank Asset Allocation
Forecast of Gold Prices If macro hedge accumulation picks up again and diversification away from Western assets accelerates, gold could climb to $5,700–$6,100. The recent pullback looks more like profit-taking than a shift in fundamentals. Image: Goldman Sachs Global Investment Research
Gold Price Forecast Goldman Sachs is holding firm on its bullish gold call, reaffirming a December 2026 target of $5,400 an ounce even as recent volatility and bouts of profit-taking test investor nerves. Image: Goldman Sachs Global Investment Research
Gold Price Gold is trading lower in part because higher inflation risk is keeping interest rates higher for longer, which hurts non‑yielding assets like gold even amid volatility and geopolitical stress. Image: MarketDesk Research
Price Performance of Gold Before and After the Start of Armed Conflicts When conflict breaks out in the Middle East, gold typically shines as a tactical safe haven, with prices jumping as traders add a geopolitical risk premium. Image: J.P. Morgan Commodities Research
Gold Price vs. Gold Composite FX Breadth Indicator Gold’s role is shifting: it’s no longer just a safe haven but a cornerstone of monetary stability as central banks keep adding to their reserves in an increasingly fragile global system. Image: J.P. Morgan Flows and Liquidity
Bitcoin, Gold and S&P 500’s Performance Bitcoin has lost some ground lately, but at about 370% above its early‑2023 lows, it looks less like a speculative bet and more like a market finding its footing. Image: Deutsche Bank Research
Gold to S&P 500 Ratio Gold’s outperformance has pushed the Gold-to-S&P 500 ratio to its highest since 2013, signaling a defensive shift but not yet the kind of rush to safety seen during crisis years. Image: Goldman Sachs Global Investment Research
Gold Price vs. S&P 500 Gold has recently surpassed $5,000 per ounce, but it still looks cheap next to a balanced 50/50 portfolio of U.S. stocks and Treasuries. Image: Bloomberg
CBOE Gold Volatility Index Gold has been getting jumpy lately, with volatility back to levels we haven’t seen since the COVID market chaos. The metal doesn’t panic easily, but when it does, there’s usually a good reason. Image: The Daily Shot