Gold prices declined again early today, following a shift in tone from Federal Reserve Chair Jerome Powell.
Although the Federal Open Market Committee lowered interest rates by 0.25 percent as expected, Powell cautioned against assuming further cuts this year. A December move, he said, is “far from a foregone conclusion.” That comment pushed Treasury yields higher and led to a modest pullback in both gold and silver.
For short-term traders, this is a signal to recalibrate. But for long-term holders, particularly central banks, the story remains unchanged.
Behind the price action, governments continue to accumulate gold. The Reserve Bank of India is relocating reserves to domestic custody. China has maintained a steady pace of monthly buying. Across multiple regions, gold is being repositioned as strategic collateral in a more fragmented financial environment.
Our latest video looks beyond the charts to examine the deeper structural shift now underway.
The decline in price may appear to weaken the case for gold. In reality, it strengthens it. When trust in policy diverges from confidence in institutions, physical reserves begin to matter more.
Buy Gold Coins
Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.
Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here.
Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here
