Central-bank stockpiling adds demand for gold amid market weakness. WatcherGuru, citing Fortune, reports central banks buying four times more gold than usual and moving it out of the US. Similar silver buying is suspected, not established; both metals remain favored. x.com 

Record central-bank buying supports gold. Gold now accounts for over 20% of central-bank reserves, near a multidecade high; notice the trend and adjust accordingly. x.com 

Rising Treasury yields make non-yielding gold less attractive, setting up one major selloff before the next big rally. Oil above $100 adds inflation and rate pressure; higher yields could lift the dollar, while gold ETF outflows and forced selling in a liquidity crisis add risk. The Benner Cycle flags 2026 as a potential selling period. The long-term bull market is not necessarily over: central banks are still buying and long-term demand remains strong. Gold is not worth chasing at these levels. … Show more

China's physical buying near $4,000 and a Fed lagging inflation support gold despite rising rates. Per Bloomberg, the Shanghai Gold Exchange's Au99.99 contract traded roughly 430 tons last week, its busiest week since April; buyers pay in full and take delivery. Gold historically does very well when rates rise while the Fed is behind the curve, as it is now. Warsh is no Volcker, and heavy US debt would constrain him even if he were. x.com  x.com  x.com 

Gold is set to take off as energy-driven stagflation traps the Fed and negative real rates favor it. Today's dovish hold was likely its last chance to hike: once the AI bubble bursts, the Fed loses that option, while current debt-to-GDP rules out Volcker-style hikes without fiscal insolvency. Per Macrotrends' chart, gold rose eightfold from its 1976 low to its 1980 high, equivalent to $32,000 gold over five years in today's terms. x.com  x.com  x.com 

Rising oil worsens inflation and puts Fed rate hikes back in focus, making non-yielding gold and silver less attractive. Investors are also selling metals to meet margin calls. An estimated $1.83 trillion in combined value was wiped out over recent sessions; both metals remain under pressure as long as oil keeps rising and rate-hike expectations stay high. x.com 

Central bank reserves will never let gold fade. That is the answer to @legitamit's concern about gold's eventual risk after Marathon Fusion's claim of turning mercury into gold. x.com 

Gold has become a structural bid as central banks gradually diversify reserves away from US Treasuries. They have bought about 1,000 tonnes a year for several years, and 95% expect to add more while 73% expect lower dollar exposure. Gold carries no counterparty or sanctions risk and can be held domestically. Central bank gold, worth $4.5-5 trillion, now exceeds their roughly $3.9-4 trillion of Treasuries, mainly from price gains, not selling; the dollar still holds about 58% of reserves. x.com 

Gold's failure to rise even after rates pulled back decently challenges the earlier high-rate explanation for its weakness. GLD is close to fresh 11-month lows and just closed at a new 14-month low relative to the S&P 500. Gold has trended down since its parabolic January peak. x.com  x.com 

Central-bank buying supports gold despite pressure from the dollar. Technical signals suggest a new bottom may be forming, leaving room for another rally to begin soon. x.com