Gold has been experiencing some volatility these last few days. After surging above $4,350 an ounce earlier this week, the metal has since retreated to below $4,150.
Investment demand also sagged during July and August. According to the WGC, economic factors contributed to the cooling of the Chinese gold investment market in the first 2 months of Q3.
Despite all the talk about DOGE and cost-cutting earlier this year, the federal government spent more in fiscal 2025 than it did the previous year and set a new spending record.
According to the World Gold Council (WGC), net global ETF gold purchases hit a record 146 tons in September 2025, more than double the 54 tons added in August.
If the Fed pivots back to easing and balance-sheet growth, Weldon expects the dollar to get hit, a setup that makes five-digit gold and silver’s march toward $100 plausible.
