Current gold market dynamics show interesting trends despite volatility from tariff discussions. Gold remains a foundational asset for central banks worldwide.
The US Treasury holds 8,100 tons of gold across four locations (Fort Knox, NY Fed, Denver Fed, and West Point), valued at $42.22 per ounce on the Fed’s balance sheet, though market value is around $3,000.
Gold is unlikely to face tariffs since most imports come from the UK (a trade surplus partner) and Switzerland (which refines 50-70% of global gold).
Central banks have been major gold buyers for three consecutive years, purchasing over 1,000 tons annually to diversify away from dollars, while ETF investors are now returning to gold as real yields fall.
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