Mint State Gold

Despite the consensus narrative, what we are currently experiencing globally is not “de‑dollarization,” but a broad loss of confidence in developed economies’ fiat currencies and sovereign debt as a reserve asset for central banks and institutions... Daniel Lacalle

As markets brace for gold to hit the once-unthinkable $5,000 price level, Bank of America has raised its near-term gold target to $6,000 per ounce – the most aggressive price forecast for the yellow metal from any major institution... Ernest Hoffman

What if gold replaced the US dollar as the reserve standard? In this paper, our Emerging Markets Bonds team values gold by matching central bank money liabilities to gold reserves, implying $39k–$184k per ounce... Vaneck

Germany stores a lot of its gold in the United States, but the chair of the European Parliament’s defense committee thinks that’s no longer warranted... Lubomir Tassev

Gold (GLD) prices continued to push toward the $5,000-an-ounce threshold as investors responded to a mix of geopolitical strain and mounting concerns around US monetary independence... Khac Phu Nguyen

New geopolitical uncertainties are propelling gold prices to $5,000 per ounce sooner than anticipated . . . . Ernest Hoffman

The gold price has exceeded another mark in days: In an environment marked by political tensions and trade conflicts, the price temporarily climbed above $4,700 per ounce... Björn Junker

Gold prices will likely follow oil’s lead in the near term as geopolitics dominates the early days of 2026, and while the market could see some price moderation in January as commodities indices rebalance, the overall trend remains higher, according to the World Gold Council (WGC)... Ernest Hoffman

At elevated price levels, investors should expect to see some volatility in gold... Neils Christensen

While gold rapidly approaches a once-unthinkable $5,000 per ounce, the real price of gold would be orders of magnitude higher if it needed to back the money already in circulation – with the currencies of some of the world’s most developed economies among the most at-risk, while countries like Russia and Kazakhstan could comfortably adopt the gold standard tomorrow, according to fixed income analysts at VanEck... Ernest Hoffman