Central banks

Between wars, demonetization, exports, and resales, the actual amount of gold held by the French remains unknown. While the French have purchased nearly 240 tons of gold over the past fifteen years, their appetite for gold remains moderate compared to their neighbors. In this context, how can we...

The current period responds to historical dynamics that transcend it. We are at the end of a cycle, where phenomena similar to those we have already experienced are returning: record deficits, high debt, rising public spending, declining growth, unprecedented inequality, and, last but not least,...

Across the centuries, gold has functioned as currency, ornament, reserve, and metaphor—embodying the human desire for permanence in a world of change. In an age of crypto assets, artificial intelligence, and central bank digital currencies, its persistence raises a question both ancient and moder...

The evolution of the gold price in 2026 remains conditioned by the prospect of lower key interest rates in the United States, changes in liquidity and demand for investment, jewelry, and central banks.

Gold continues to trade at high levels, but it is silver that is attracting the most attention. Day after day, the silver price is reaching new highs, as if it were reflecting a latent tension and a growing need for protection in the face of an increasingly administered financial system.

Italian lawmakers are pushing ahead with a controversial claim that the central bank’s $300 billion in gold reserves should be declared state property, despite fears it could violate European Union regulations.

What we are experiencing today is a cash crisis. The major bond crisis, the one that will call into question the sustainability of public debt, will undoubtedly come – but later. Gold, meanwhile, is navigating this landscape perfectly.

China's unreported gold purchases could be more than 10 times its official figures, as the country quietly tries to diversify away from the US dollar, say analysts, highlighting the increasingly opaque sources of demand behind bullion’s record-breaking rally.

Gold reacts not to rhetoric, but to substance. The Busan summit was supposed to symbolize economic reconciliation between the world's two largest powers. But behind the facade of diplomatic appeasement, reality remains that of a fragmented world, where strategic tensions persist and confidence in...

New powers and emerging countries have been encouraged to de-dollarize and buy gold, causing the value of the dollar to fall steadily. Furthermore, the United States, which constantly needs to find new buyers to finance its foreign debt, is facing increasing difficulties.