Weekly Headlines
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Bank of America Sees Gold Reaching $6,000
Bank of America is standing by a bullish outlook for gold, raising its 12-month target to $6,000 per ounce. The bank points to ongoing Fed uncertainty, rising fiscal deficits, strong central bank demand, and low investor allocations as key reasons gold could continue to find support in 2026.
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Central Banks Keep Adding Gold as Demand Hits 59 Tonnes in April
Goldman Sachs estimates that global central banks purchased 59 tonnes of gold in April, with China accounting for roughly 24 tonnes. The continued buying trend, along with a record share of central banks planning to increase gold reserves over the next year, could point to lasting structural support for gold.
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Gold's Pullback Doesn't Change the Bigger Picture
Gold recently pulled back, but Peter Schiff argues this is a buying opportunity and the bigger picture still favors gold, pointing to money supply growth, Fed balance sheet concerns, and ongoing questions about whether policymakers can truly stay hawkish without putting pressure on the broader financial system.
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The Price of Gold May Be Saying More About the Dollar Than Gold
Gold's prices may be less about the metal itself and more about what it reveals: the long-term erosion of the dollar's purchasing power. This article explains how money supply growth, rising federal debt, and currency debasement can make gold an important counterweight for investors seeking to preserve wealth over time.
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Barclays Sees Gold Rebounding Toward $4,900
Barclays says gold's recent pullback may be temporary, keeping its 2026 and 2027 price targets near $4,800 and $4,900 an ounce. The bank argues that while Iran-related inflation fears, a stronger dollar, and shifting rate expectations have pressured gold in the short term, the metal's longer-term drivers remain intact
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Inflation Climbs to 3-Year High
Inflation rose at its fastest annual pace in three years in May, with consumer prices up 4.2% from a year earlier as higher energy costs put renewed pressure on household budgets. Even after a new U.S.-Iran deal helped send oil prices lower, inflation still remains a major concern.
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Recession Risks Rise on Main Street
The latest jobs report may look strong on the surface, but small-business data is telling a different story. A recent survey showed hiring plans at their weakest level since 2020, labor costs at record highs, and uncertainty still elevated.