Institutional target for gold is now 4,833 The Federal Reserve held rates steady at 3.50–3.75% at its May meeting. The decision has become consensus, not a close call. The macro backdrop for gold in May 2026 is contradictory, influencing the institutional target.
Gold prices in India decline as FXStreet data shows a fall to INR 14,347 per gram amid adjusted USD/INR rates. Gold prices in India fell to INR 14,347.09 per gram on Monday, down from INR 14,477.50 on Friday. The decline reflects adjustments based on international USD/INR
Shareholders back all formal items at annual meeting Centerra Gold shareholders have approved the election of all eight director nominees to the board. The company's auditor, KPMG LLP, was also reappointed for the coming year. Shareholders passed a non-binding ad
Florida governor blasts proposed 9.5% property-tax hike Florida Governor Ron DeSantis has criticized New York City Mayor Zohran Mamdani's tax agenda, arguing that raising taxes on property owners will not solve the city's affordability crisis. The proposed 9.5% pro
Gold futures hold firm as sustained buying by China’s central bank limits downside risks for the metal. Gold futures rose modestly Friday, extending weekly gains above $4,700 per ounce. Analysts cite persistent demand from central banks, particularly the People’s Bank of C
April marked the eleventh straight month of inflows into Indian gold ETFs, rising 68% from March as demand rebounds globally. Indian gold ETFs recorded net inflows of $297.2 million in April, a 68% increase from March’s $176.6 million. The streak of inflows now extends to
Geopolitical tensions escalate as Iran targets US destroyers in the Strait of Hormuz, prompting retaliatory strikes on three Iranian ports. Three US Navy destroyers transited the Strait of Hormuz when Iran launched missiles, drones, and small boats in an attack. The US res
JPMorgan analysts cite rising Bitcoin ETF inflows and institutional demand as gold ETFs struggle to recover from outflows. JPMorgan analysts stated Bitcoin is replacing gold as the preferred debasement hedge following the U.S.-Iran conflict. Bitcoin ETFs have seen consiste
XAU/USD holds below a two-week high after US payrolls beat forecasts but wage growth misses estimates, while Middle East risks persist. Gold prices remained firm around $4,726 on Friday, lacking clear direction as traders parsed mixed US employment data and ongoing geopoli
PBoC added 8.1 tons in April, the largest purchase since December, as central bank demand remains robust with 245 tons bought in Q1. China’s central bank increased its gold reserves by 8.1 tons in April, marking the 18th consecutive month of purchases and the largest addit
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