Alexander Petrov

The Fed Blamed Energy Costs for Inflation. Gold Closed at a 52-Week Low Anyway.

Policymakers named energy among the reasons inflation won't settle. The one commodity that exists to hedge that outcome finished Friday at $...

Oct 31, 2026 4 min read

Refineries Are Being Shot At and Gold Fell $55. Something Doesn't Add Up.

The Fed held, the dollar weakened, and bullion lost $55.53 anyway. The physical end of the commodity complex is pricing scarcity; the moneta...

Oct 29, 2026 4 min read

Energy Is Pricing the Midterms. Gold Is Pricing the Fed. One of Them Is Wrong.

Crude sat in a holding pattern ahead of the U.S. midterms while bullion faded all day into the Fed decision. Gold closed $4,040.17, down 0.5...

Oct 28, 2026 4 min read

A $4.2 Billion Pipeline Got Funded While Gold Lost $83 an Ounce

Kinder Morgan committed to a Texas gas line for data-center power, the dollar slipped, and Washington sanctioned a shipping network with Ira...

Oct 22, 2026 4 min read

Two Mining Economies Just Turned Hawkish. The Cost Curve Won't Cooperate.

RBA's Hauser flagged a November hike and Bank Indonesia faced the same pressure after an MSCI warning. For the two countries that dig up the...

Oct 21, 2026 4 min read

Crude Is Passing Into Freight and Food. Gold Is Not Collecting the Toll.

Rising crude is showing up in Nigerian food prices and India's import bill, yet gold closed at $4,133.86 — down 5.6% over 30 sessions.

Oct 20, 2026 4 min read

The RBI Burned $59.7 Billion in Six Weeks. Gold Moved $5.97 All Session.

India's reserves fell a fifth straight week to $726.027 billion as the RBI defends the rupee against a $108 Brent import bill. Gold closed a...

Oct 17, 2026 4 min read

China's Factory Gate Is Where the Inflation Is. Gold Bought None of It.

Chinese producer prices rose at their fastest pace in over four years on higher oil and commodity costs. Gold closed at $4,147.04, a fourth...

Oct 14, 2026 4 min read

Russian Strikes Put a Risk Premium Back in Crude. Gold Shrugged for a Third Session.

Renewed Russian strikes cast doubt on the energy ceasefire and crude firmed, dragging Sensex down 548 points. Bullion closed at $4,160.59, i...

Oct 13, 2026 4 min read

India Just Moved Its Crude Bill Off the Spot Market. The Barrels Didn't Move at All.

The RBI will sell dollars directly to IOC, BPCL and HPCL from Monday to keep their crude purchases out of the spot market. The import demand...

Oct 10, 2026 4 min read

Two Desks, One Barrel, $56 Apart — and Gold Bouncing Underneath It All

Goldman says buy Valero at $457, Jefferies says hold at $401. That spread is an argument about crack spreads. Gold, meanwhile, closed up 1.0...

Sep 29, 2026 4 min read

Gold Traded in a 26-Cent Band. That Is Not Stability, It Is a Standoff.

Gold closed at $4,286.12 after a session that spanned twenty-six cents. Three green closes sit inside a month that is still down 3.8% — the...

Sep 28, 2026 3 min read