The Gold Lens · Topic
Central Banks
7 analyses on how Central Banks is shaping the gold market.
Gold’s First Real All-Time High Since 1980
In nominal terms gold has set records for two years. But in today’s dollars, January’s peak did something it had not managed in forty-four years: pass the real value of the 1980 top. A 28% correction has since tested that record — and it is still standing.
26 July 2026 · 10 min read
The Two Kinds of Gold Buyer Just Traded Places
Western investors pulled billions from gold funds in June — North America's worst first half since 2013. The world's central banks used the same weakness to buy more. The correction has sorted gold's owners into two camps keeping very different time.
16 July 2026 · 7 min read
China's Bid to Become the World's Gold Custodian
Beijing is no longer content to buy gold for its own vaults. It is courting other central banks to store theirs in Shanghai and Hong Kong — building the custody infrastructure of a yuan-denominated alternative to the Western gold market.
21 June 2026 · 6 min read
The $4,000 Gold Era: How a Reserve Asset Was Repriced
In barely two years gold has roughly doubled, overtaken first the euro and then US Treasuries in central-bank reserves, and re-entered the heart of the monetary conversation. This is the anatomy of a structural repricing — and what it would take to reverse it.
20 June 2026 · 13 min read
After the Record: Where Gold Stands at the Midpoint of 2026
Gold has fallen roughly a fifth from its January peak near $5,600. With the war premium gone and the Fed on hold, the question is what supports the price from here — and the major banks still see new highs ahead.
19 June 2026 · 6 min read
Why the PBOC's Gold Buying Spree Is About More Than Reserves
China's central bank has added gold for seventeen consecutive months since buying resumed in late 2024. The strategy reveals far more about Beijing's geopolitical calculus than its balance sheet.
7 April 2026 · 5 min read
Real Yields Are Rising. Why Isn't Gold Falling?
The traditional inverse correlation between real yields and gold has broken down since 2022. Three structural factors explain why — and what it means for the road ahead.
17 March 2026 · 5 min readBrowse Other Topics