⛏ Central Banks Want More Gold for Their Reserves

Goldman Says Central Banks Want More Gold for Their Reserves
Central banks are expected to step up gold-buying, helping prices to recover by year-end, according to Goldman Sachs Group Inc. Purchases are expected to pick up to average 60 tons a month over 2026, analysts Lina Thomas and Daan Struyven said in a note dated May 15. Under a revised framework for estimated accumulation, the 12-month moving average of purchases was 50 tons in March, up from a prior figure of 29. Read on »

See How the Global Government Debt Binge Is Rippling Through Markets
Recent strains in the global bond market are demonstrating a key problem confronting G-7 leaders at their meeting in Paris this week: how to manage a growing pile of government debt, accelerated by war and the pandemic. Read on »

The Iran War Is Accelerating the US Debt Spiral—and Creating an Inflation Crisis
We are now well into the third month of the Iran war. US federal debt stood at roughly $38.7 trillion when the war began and has already climbed past $39.2 trillion. Where will it be when the war ends? Nobody knows, of course, but I think we can say with confidence that it will be meaningfully higher. Read on »