🏦 Central Banks Turn to Local Gold Amid Global Risk
More central banks are tapping domestic gold sources to boost reserves as prices push past $3,300/oz. Countries like Ghana, Tanzania, and the Philippines are bypassing global markets — sourcing gold from local miners and paying in local currency. The goal? Build buffers against geopolitical risk and currency volatility without draining foreign reserves.
💵 Morgan Stanley Raises Gold Forecast to $3,800
Gold’s long-term outlook just got a bullish upgrade. Morgan Stanley now projects gold will hit $3,800 by Q4 2025, citing a weakening U.S. dollar, persistent inflation risks, and renewed demand from China and central banks. The bank has also flagged silver and copper as top picks in the metals space.
📅 Tariff Pressures Push U.S. Inflation to Five-Month High
Inflation is back in the spotlight. June CPI rose 2.7%, the sharpest jump since January — with fuel, food, and imported goods leading the way. Economists point to renewed tariff pressures, as Trump’s proposed trade policies ripple through supply chains. Core CPI hit 2.9%, tightening the Fed’s room to cut rates.
🌐 World Gold Council: Gold Tariffs Unlikely, But Not Impossible
Could gold face tariffs under a Trump administration? The World Gold Council says it’s unlikely — but warns that in today’s climate, “anything is possible.” While gold isn’t classified as a critical mineral, shifting trade priorities and logistical disruptions could bring surprises. Meanwhile, central banks continue their 15-year buying streak, reinforcing gold’s role as a global hedge.
₿ Bitcoin Breaks $122K as Crypto Week Begins on Capitol Hill
Bitcoin soared past $122,000 this week, driven by optimism over new U.S. crypto legislation and ETF inflows. Lawmakers kicked off “Crypto Week,” debating bills like the CLARITY Act and GENIUS stablecoin package. With over $2.7B flowing into Bitcoin ETFs in just a week, institutional interest is booming. Other digital assets like Ether and Solana are following suit.
