The best-performing precious metal for the past week was silver, up 6.00%. Silver futures surged to an intraday high of $82.16 per ounce on Friday as hopes for a U.S.–Iran peace deal and the potential reopening of the Strait of Hormuz lifted precious metals for a fourth straight session... Frank Holmes
Gold’s rally may be stuck in neutral for now, but central banks continue to send a clear signal to the market: they remain committed buyers on price weakness, even amid volatile economic conditions... Niels Christensen
Gold prices have dropped since the start of the conflict in Iran, raising doubts about the metal’s traditional role as a hedge against geopolitical crises... Morgan Stanley
A staggering 83% of the gold bars stored at Fort Knox fail to meet modern international purity standards, rendering much of the US’s reported 8,133.5 metric tons of gold reserves. . . Johnathan Wall
Using a gold price of $4,320 per ounce, BofA calculates that a compression to the 2011 ratio low of 32:1 would push silver to $135, while a drop to the. . . Johnathan Wall
The Bank of Russia’s January bulletin showed 74.8 million fine troy ounces at the end of December, while the central bank’s monthly reserves table and follow up reporting from The Moscow Times put the stock at 74.3 million ounces after. . . Dr. Usman