Central Bank Gold Buying Ramped Up Again In May
July 5, 2026
Central bank gold buying accelerated in May as global reserves grew by a net 41 tonnes.
Soft labor data fueled rate cut hopes as investors rotated back into mega-caps.
Oil’s 40% retreat from May highs is cooling inflation and returning billions to consumers.
U.S. real estate led a mixed June market as commodities and Bitcoin faced sharp declines.
Global gold reserves have surpassed U.S. Treasury holdings for the first time since 1996.
WTI crude plummeted 30% as Middle East tensions eased, but El Niño-driven food costs and tariff deadlines signal new risks.
July 5, 2026
Central bank gold buying accelerated in May as global reserves grew by a net 41 tonnes.
July 5, 2026
Gold prices target a move toward $6,000 following an intermediate Elliott Wave correction. While silver tests resistance near $65, platinum faces downside risk to $1,470 as a strengthening US dollar impacts precious metals.
July 5, 2026
The Financial Sector ETF surged from its technical support zone, confirming a bullish Elliott Wave breakout to new highs.
July 5, 2026
Computer and semiconductor imports are surging 59% year-to-date, signaling a massive acceleration in AI-driven investment.
July 5, 2026
The recent conflict in Iran is having important effects worldwide. But in this energy cycle, the rise in spending by producers isn’t solely motivated by higher commodity prices. That should be bullish for services names like Halliburton Co. (HAL).
July 5, 2026
Oracle (ORCL) has shed nearly 60% of its shareholder value since last September, yet the bottom may not be in. Bearish technicals suggest significantly lower prices are coming for the enterprise software giant.
July 5, 2026
Anthropic's Claude Science launch signals a pivot from AI model provider to direct industry competitor. Integrating Nvidia (NVDA) BioNeMo, the tool threatens existing SaaS startups by owning both infrastructure and specialized research workflows.
July 4, 2026
Canadian GDP and nonfarm payrolls signal a robust recovery as production-side data trends upward. ScotiaBank nowcasts Q2 growth at 2.3%, but the Business Data Lab’s 5.04% projection suggests a massive beat versus consensus.