Overview

• Spot gold touched $3,758 per ounce early Tuesday, with futures near $3,788, extending 2025 gains to roughly 43%.
• Market pricing signals high odds of further U.S. easing this year, with 90% probability of a 25 bp cut in October and 75% in December, as the dollar edged lower.
• Central-bank buying and investment flows remain strong, with SPDR Gold Trust holdings rising to 1,000.57 tons on Monday.
• Silver hovered near a 14-year peak around $44 after a surge of more than 50% year to date.
• Investors are watching Powell’s remarks and key U.S. data this week, with stronger readings flagged as a potential catalyst for a corrective pullback.