Higher prices appear to have put a drag on central bank gold buying. However, the pace of expanding gold reserves remains far above the historical average.
President Donald Trump made headlines when he fired Bureau of Labor Statistics Commissioner Erika McEntarfer after a particularly bad July jobs report, calling it rigged.
Congress recently passed the GENIUS Act, which provides a regulatory framework for private banks and other organizations to develop and operate stablecoins.
Despite gold’s strong fundamentals, many Western investors remain outright bearish. Holmes notes that billions have been redeemed from gold ETFs, even as gold stocks hit record highs.
To wrap things up, I firmly believe that gold’s bull market is still in its early stages, with a wide range of powerful forces poised to drive it even higher.
