Goldhub Research Investment Commentary Latest issue Investment Commentary Read the latest report Weekly Markets Monitor - Talking tough Geopolitics intensified last week on expanded Iran sanctions and escalating trade tensions with Canada. A hawkish message from Fed chair Warsh at Jackson Hole jolted markets. On the data front: US inflation remained sticky and consumer confidence weakened, while Eurozone growth surprised to the upside. In China, industrial profit growth continued to slow. Japan's rising inflation increased chances of BOJ tightening, and India's industrial production exceeded expectations. 1 September, 2026 Unearthed: What's Behind Gold's August Rally In this episode of Unearthed, hosts Joe Cavatoni and John Reade unpack gold's push toward $4,400/oz, as softer US economic data clouds the outlook for further Fed rate hikes. 20 August, 2026 Gold: The most effective commodity investment − 2026 edition Investors have long recognised the role commodities can play in diversifying portfolios and providing inflation protection. Gold, however, occupies a unique position within the commodities universe. Its distinctive market structure, long-term return profile, diversification benefits, inflation-hedging characteristics and deep liquidity support its role as a strategic asset in its own right, rather than simply a component of a broad commodities allocation. 11 August, 2026 Gold Market Commentary: Making waves Positive momentum factors offset negative risk factors to leave gold prices unchanged in July. A second wave of high inflation, similar to the late 1970s, cannot be ruled out. But it does not imply a major gold rally on its own. That depends on how real rates, the US dollar, growth expectations, Asian investor demand and central banks respond. 6 August, 2026 Gold Demand Trends: Q2 2026 Total gold demand, including OTC, was unchanged y/y at 1,269t in Q2. This took demand for the first half year to 2,522t (+2% y/y), with a record value of US$380bn. 30 July, 2026 Gold Mid-Year Outlook 2026: Point break In one of the most dramatic starts to any year, gold soared to record highs in January, crossing above US$5,500/oz intraday before pulling back to US$4,000/oz in late June. Down roughly 7% year-to-date, gold nonetheless ranks among the top performers over the past year, as other assets play catch-up. 1 July, 2026 Gold Market Commentary: Hiking up a volcano Gold fell 1% in May, on continued positive risk sentiment and modest global gold ETF outflows. The Fed may need to hike rates as inflation pressures mount. We make the case for why it could – surprisingly – benefit gold. 4 June, 2026 Why Gold in 2026: The Strategic Asset for Indonesia Indonesia's investment landscape is navigating a confluence of pressures in 2026. Headline inflation is rising, driven by global energy price shock stemming from the Middle East conflict; Bank Indonesia has abandoned its rate-cut guidance, and domestic equities have suffered a shock following MSCI's threat to downgrade Indonesia from Emerging Market to Frontier Market status. Against this backdrop, gold remains a compelling asset for both institutional and individual investors. 12 May, 2026 Prev Page 3 of 69 Next Latest research Looking for insight and analysis on gold? Our team of experts produce market-leading research and macroeconomic commentary on gold.
Weekly Markets Monitor - Talking tough Geopolitics intensified last week on expanded Iran sanctions and escalating trade tensions with Canada. A hawkish message from Fed chair Warsh at Jackson Hole jolted markets. On the data front: US inflation remained sticky and consumer confidence weakened, while Eurozone growth surprised to the upside. In China, industrial profit growth continued to slow. Japan's rising inflation increased chances of BOJ tightening, and India's industrial production exceeded expectations. 1 September, 2026
Unearthed: What's Behind Gold's August Rally In this episode of Unearthed, hosts Joe Cavatoni and John Reade unpack gold's push toward $4,400/oz, as softer US economic data clouds the outlook for further Fed rate hikes. 20 August, 2026
Gold: The most effective commodity investment − 2026 edition Investors have long recognised the role commodities can play in diversifying portfolios and providing inflation protection. Gold, however, occupies a unique position within the commodities universe. Its distinctive market structure, long-term return profile, diversification benefits, inflation-hedging characteristics and deep liquidity support its role as a strategic asset in its own right, rather than simply a component of a broad commodities allocation. 11 August, 2026
Gold Market Commentary: Making waves Positive momentum factors offset negative risk factors to leave gold prices unchanged in July. A second wave of high inflation, similar to the late 1970s, cannot be ruled out. But it does not imply a major gold rally on its own. That depends on how real rates, the US dollar, growth expectations, Asian investor demand and central banks respond. 6 August, 2026
Gold Demand Trends: Q2 2026 Total gold demand, including OTC, was unchanged y/y at 1,269t in Q2. This took demand for the first half year to 2,522t (+2% y/y), with a record value of US$380bn. 30 July, 2026
Gold Mid-Year Outlook 2026: Point break In one of the most dramatic starts to any year, gold soared to record highs in January, crossing above US$5,500/oz intraday before pulling back to US$4,000/oz in late June. Down roughly 7% year-to-date, gold nonetheless ranks among the top performers over the past year, as other assets play catch-up. 1 July, 2026
Gold Market Commentary: Hiking up a volcano Gold fell 1% in May, on continued positive risk sentiment and modest global gold ETF outflows. The Fed may need to hike rates as inflation pressures mount. We make the case for why it could – surprisingly – benefit gold. 4 June, 2026
Why Gold in 2026: The Strategic Asset for Indonesia Indonesia's investment landscape is navigating a confluence of pressures in 2026. Headline inflation is rising, driven by global energy price shock stemming from the Middle East conflict; Bank Indonesia has abandoned its rate-cut guidance, and domestic equities have suffered a shock following MSCI's threat to downgrade Indonesia from Emerging Market to Frontier Market status. Against this backdrop, gold remains a compelling asset for both institutional and individual investors. 12 May, 2026
Weekly Markets Monitor - Talking tough
Unearthed: What's Behind Gold's August Rally
Gold: The most effective commodity investment − 2026 edition
Gold Market Commentary: Making waves
Positive momentum factors offset negative risk factors to leave gold prices unchanged in July. A second wave of high inflation, similar to the late 1970s, cannot be ruled out. But it does not imply a major gold rally on its own. That depends on how real rates, the US dollar, growth expectations, Asian investor demand and central banks respond.
Gold Demand Trends: Q2 2026
Gold Mid-Year Outlook 2026: Point break
Gold Market Commentary: Hiking up a volcano
Why Gold in 2026: The Strategic Asset for Indonesia
Indonesia's investment landscape is navigating a confluence of pressures in 2026. Headline inflation is rising, driven by global energy price shock stemming from the Middle East conflict; Bank Indonesia has abandoned its rate-cut guidance, and domestic equities have suffered a shock following MSCI's threat to downgrade Indonesia from Emerging Market to Frontier Market status. Against this backdrop, gold remains a compelling asset for both institutional and individual investors.