Overview

• Spot gold rose to about $3,833 an ounce on Monday, extending a roughly 45% year-to-date surge on rate-cut expectations, government funding risk and safe-haven demand.
• The United States holds about 8,133 tonnes (261.5 million ounces) stored at Fort Knox, West Point, Denver and the Federal Reserve Bank of New York.
• Treasury Secretary Scott Bessent has said no revaluation is being pursued, even as a Federal Reserve economist’s paper outlined nearly $1 trillion in theoretical valuation gains.
• Investor inflows have accelerated, with the GLD and IAU ETFs pulling in nearly $5 billion this month alongside sustained central-bank buying.
• The U.S. share of global official gold reserves has fallen to roughly 20%, a low in about 90 years, and lawmakers have proposed a comprehensive audit of the holdings.