GOLD

Gold remains one of the most important global assets, capturing the attention of investors, central banks, and major financial institutions. The rapid rise in the price of gold reflects a combination of geopolitical tensions, persistent inflation, massive central bank purchases, and growing mistrust in the stability of the global financial system.

The “In Gold We Trust 2026” report is considered by many investors to be one of the most influential annual analyses dedicated to the gold market.

Key takeaways from the report

• Gold is no longer viewed merely as a defensive asset, but as a global strategic asset.
• Demand from central banks has surged.
• Global dollarization is gradually coming under challenge.

Investors are seeking protection against:

• inflation
• massive government debt
• geopolitical risks
• the possibility of major financial crises

The report emphasizes that gold is entering a new historical phase, in which it is once again treated as a strategic reserve of economic power.

David Tait – “Why Is Gold This High?”

The World Gold Council and David Tait explain that the surge in gold prices is the result of several simultaneous factors.

Why is gold so high?

• Global geopolitical tensions
• Aggressive purchases by central banks
• Mistrust of fiat currencies
• Record global debt
• Investor fears regarding recession and inflation.

An important point

For the first time in many years, gold is being bought simultaneously by:

• retail investors
• institutions
• central banks
•  hedge funds

This creates strong pressure on available supply.

“The Gold War” – Russia is losing, China is accumulating

Russia continues to use gold to prop up its economy, which has been hit by sanctions and a budget deficit.

However:

Russia’s gold reserves have fallen to their lowest levels in 25 years, military spending and the fiscal deficit are increasing pressure on reserves, exports and access to Western financial markets remain limited.

China continues to buy gold at an accelerated pace.

China’s strategy aims to:

• reduce dependence on the dollar
• strengthen the yuan
• create an alternative financial system
• protect against Western sanctions

Many analysts believe that Beijing is accumulating gold as part of a major geopolitical repositioning.

World Gold Council Develops Infrastructure for Digital Gold

The World Gold Council is working to develop a common infrastructure for digitized gold.

What does this mean?

The tokenization of physical gold.

Faster and more accessible trading.

Integration of blockchain into the gold market.

The potential for gold to be used more efficiently in modern financial systems.

This direction could transform gold into a much more liquid and globally accessible asset.

Gold drops toward $4,500 amid U.S.-Iran tensions and Fed moves

Gold has returned to the $4,500 range following recent volatility.

What is influencing the market?

• the conflict between the US and Iran
• rising oil prices
• expectations regarding Fed interest rates
• volatility in the US dollar

If the Federal Reserve keeps interest rates high:

• the dollar may remain strong
• gold may see short-term corrections

However, in the long term, geopolitical tensions continue to support the bullish trend.

India wants to monetize temple gold

India is considering utilizing approximately 1,000 tons of gold held in temples.

Objectives of the proposal

reducing gold imports,

supporting domestic liquidity,

reducing the trade deficit.

India is one of the world’s largest consumers of gold, and this measure could have a major impact on the global market.

BANK OF AMERICA – Gold at $6,000?

Bank of America estimates that gold could rise to $6,000 in the coming year.

The bank’s arguments

• persistent inflation
• a very high U.S. fiscal deficit,
• strong demand from central banks
• declining confidence in bonds
• global geopolitical tensions.

This forecast would represent one of the most aggressive bullish estimates on Wall Street.

Fund managers are heavily exposed to commodities

Bank of America states that fund managers are among the most exposed to commodities in recent years.

What does this mean?

Institutional capital is shifting toward:

• gold
• oil
• silver
• copper
• natural resources

This trend suggests:

• protection against inflation
• anticipation of a commodities supercycle
• reducing exposure to bonds and cash

Demand for gold in India remains strong

According to StoneX, demand for gold in India continues to be solid, even in the context of:

• taxes
• government pressure
• historically high prices

Gold remains deeply embedded in Indian culture and weddings as well.