Peace Was Supposed to Crash Gold. Instead It Is Rising. Here Is the Mechanism Everyone Got Wrong.
For four months, a widespread assumption dominated the gold market: when the US-Iran war ended, gold would fall. The logic seemed sound — wars create safe-haven demand, and when the war ends, that demand disappears, so the price drops. This weekend the war effectively ended. The US and Iran reached a peace deal, Trump ordered […]
Trump Told Netanyahu to Stop. Netanyahu Struck Anyway. This Fracture Is Now Gold’s Biggest Variable.
The single most significant development for the gold market this Monday June 8 is not the oil price, not the jobs data hangover, and not even the strike on Iran’s Mahshahr petrochemical facility itself. It is what the strike reveals about the relationship between Washington and Tel Aviv — and what that fracture means for […]
The Hormuz Framework Is Real. Here Is What 30-Day De-Mining Means for Gold and the Jewellery Market.
The news that gold buyers and jewellery markets have been waiting for since February 28 arrived this weekend: a formal framework agreement between the United States and Iran that commits to de-mining the Strait of Hormuz within 30 days and reopening it to all commercial shipping. This is not a final peace deal — the […]
The One Sentence Standing Between Peace and War — And Between $4,524 and $5,000 Gold
There is a single sentence, reported by Reuters on Thursday May 21, that explains almost everything about where gold is today and why it cannot yet break free of the low $4,500s. The sentence came from two senior Iranian sources describing a directive from Supreme Leader Ayatollah Mojtaba Khamenei: “The Supreme Leader’s directive, and the […]
“The Strait of Hormuz Must Remain Open” — Six Words From Beijing That Could Change Gold’s Direction
Buried in a joint readout from the Trump-Xi summit that concluded Friday afternoon in Beijing is one sentence that the gold market has not yet fully priced in. Given how fast markets have been moving on negative news this week, the positive sentence deserves its own analysis. The White House statement from the summit read: […]
India Just Made Gold More Expensive for 1.4 Billion People — And It Matters for Everyone
The biggest story in the global gold market this week is not the CPI number. It is not the PPI reading. It is something that happened quietly in New Delhi on Wednesday May 13 that will reshape the world’s largest gold jewellery market for months: India raised its gold import tariff from 6% to 15%. […]
A Jeweller’s Guide to Today’s CPI Report — And Why It Matters More Than You Think
Most gold buyers have heard the word “CPI” this week more than they ever expected to. Here is what it actually means and what today’s reading is likely to do to the price you pay at the counter. CPI stands for Consumer Price Index. It measures how much more expensive a basket of everyday goods […]
Qatar Flies to Miami, UK Deploys a Warship, and Gold Holds $4,715 — The Peace Deal Is Not Over
This Sunday May 10, while gold rests at $4,715 per ounce, one of the most intense weekend diplomatic sessions of the Iran war has just concluded. The Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani flew to Miami specifically to meet with Secretary of State Marco Rubio, Middle East envoy Steve Witkoff, and — in […]
From $4,700 to $4,739 in Three Days — The Iran Peace Breakthrough That Moved Gold This Week
Three days ago gold was struggling to hold $4,700. This Friday morning, May 8, it is trading near $4,739 and pushing toward 12-day highs. The move was not random. It was triggered by one of the most significant diplomatic developments of 2026: the White House signalling on Tuesday that a peace deal with Iran is […]
Powell’s Last Press Conference, a $106 Oil Price, and a Strait Still Closed — Gold Waits
There is a word for markets that have too much information and no clear direction: paralysed. That is precisely where gold finds itself this Monday morning, April 27. Spot gold opens just above $4,710 per ounce — barely moved from Friday’s close — while Brent crude oil has jumped sharply to $106 per barrel, the […]