Why central banks buy gold decades after the gold standard ended
The US ended dollar-gold convertibility in 1971. Decades later, central banks buy gold at the fastest pace since Bretton Woods. We examine the paradox.
Gold Market
Gold Market News
Original summaries of the reporting that moves the gold price, with every source linked.
Gold and silver rise on softer oil, weaker dollar, Jackson Hole focus
Gold and silver opened higher on the MCX on Thursday, supported by falling oil prices and a softer dollar, as traders look ahead to Fed Chair Kevin Warsh's Jackson Hole speech.
Why Gold Mining Supply Responds Slowly to Higher Prices
Gold mining supply is highly inelastic in the short term. Higher prices trigger new projects, but exploration, permitting, and construction take years, while existing mines face ore-grade declines.
Gold drops below $4,600 as US inflation data boosts rate hike bets
Gold fell over 1.37% on Wednesday, slipping below $4,600, after US inflation data aligned with estimates and raised the likelihood of a Federal Reserve rate hike in December 2026.
The Washington Agreement on Gold: Origins and Legacy
The Washington Agreement on Gold was a coordinated commitment by central banks to limit gold sales, aimed at stabilising the market and preserving the metal's monetary role.
The Gold Standard: History and Why It Ended
The gold standard linked currencies to gold for centuries, but its rigidity led to its abandonment in favour of fiat money.
Gold rally shows early signs of cooling after sellers step in near $4,700
Gold price stalled near $4,700 after a strong rally from $4,300. Sellers have appeared, with immediate support at $4,465 and a possible test of $4,510.
Gold and silver edge higher on MCX as traders await US PCE data
Gold and silver futures edged higher on the MCX on Wednesday as market participants looked ahead to the US PCE inflation report for signals on the Federal Reserve's interest rate outlook.
Gold holds steady as US inflation data takes centre stage
Gold prices held steady as investors focused on upcoming US inflation data for clues on the Fed's interest rate path. Other precious metals edged higher amid global economic concerns.