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BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%
Intelligence Engine
Precious Metals · XAU · USD / oz

Gold Spot

Gold has decoupled from its traditional real-rate relationship as central bank reserve diversification (post-Russia sanctions) creates a new structural buyer. The marginal buyer has shifted from Western ETF investors to Asian central banks and households.

Spot
$2,342.10
Δ 24h
+0.4%
Realized Vol
14.2%
Cycle Phase
Expansion
Price Timeline · 10Y

Interactive History

Hover · Click events
20152016201720182019202020212022202320242025
Annotated Macro Events
2019Fed PivotRepo crisis triggers balance sheet expansion; gold breaks $1,500.
2020Pandemic StimulusUnprecedented monetary/fiscal response; first all-time high above $2,000.
2022Russia SanctionsReserve weaponization triggers EM central bank accumulation.
2024Asian Retail SurgeChinese household gold demand explodes amid property crisis.
Cycle Phase Breakdown

Where Gold Spot Sits in Its Supercycle

20%
40%
20%

Accumulation

10%

2015-2018 basing.

Early Bull

20%

2019-2020 monetary expansion trigger.

Expansion

40%

Current — central bank-led leg with broadening participation.

Peak Euphoria

20%

Tail risk: fiscal/monetary credibility crisis.

Distribution

10%

Real rate normalization.

Supply & Demand
  • Central Bank Net Buying1,037 t/yr
  • Mine Production3,644 t
  • ETF Holdings YoY+2.1%
  • PBoC Reserves2,264 t
Cross-Asset Correlation
  • US Real Yields
    -0.55
  • DXY
    -0.48
  • Silver
    0.78
  • Bitcoin
    0.41
Exposure Vehicles
  • GLD
    SPDR Gold Shares
  • IAU
    iShares Gold Trust
  • GDX
    VanEck Gold Miners ETF
View Full Tracker →
Related in Precious Metals

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-0.1%
$28.15
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Platinum

+0.6%
$945
Accumulation