Weekly Headlines
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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.
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Record Number of Central Banks Plan Gold Purchases
Central banks are showing record interest in gold. According to a new World Gold Council survey, 45% of reserve managers plan to increase their gold holdings over the next 12 months, the highest share ever recorded.
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America's Debt Tab Is Coming Due
The cost of servicing America's national debt has reached a record level, with interest payments now eating up roughly 19% of federal revenue. As higher rates make borrowing more expensive, the article warns that debt interest could become an even larger burden in the years ahead.
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Gold Edges Higher Ahead of Inflation Data
Gold moved slightly higher as lower oil prices helped ease inflation concerns tied to Middle East tensions. Markets are now watching this week's Consumer Price Index and Producer Price Index reports for clues on the Fed's next move, after stronger jobs data increased expectations for a possible rate hike this year.
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Gold Expected to Strengthen in Second Half of 2026
Gold may remain under pressure in the near term as rate-hike expectations and a stronger dollar weigh on prices. However, analysts still expect gold to advance and move higher in the second half of 2026, with investment demand and longer-term economic uncertainty helping support the outlook.