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International Tower Hill Mines Ltd (ITH) News
Gold surges $300 in three days! A short squeeze unfolds, and the rally may be far from over—UBS Group calls for $5,000 an ounce by next year.
Previously, many CTA trend-following funds maintained short positions in gold. Now, as gold prices have broken through key levels, CTAs are cutting losses and turning net long. Meanwhile, a significant amount of speculative gold capital missed the current rally and may be forced to chase higher prices in the near term, potentially fueling a second wave of gains. UBS Group notes that declining U.S. Treasury yields, a medium-term weakening of the U.S. dollar, and sustained central bank gold purchases will drive gold prices to USD 5,000 by the first half of 2027.
Is the gold bull market back? UBS Group: Gold prices could rebound to $5,000 in the first half of next year.
UBS Group believes that gold has three key medium- to long-term supports: renewed investment demand driven by declining real interest rates, a weaker U.S. dollar encouraging portfolio diversification, and sustained high-level gold purchases by central banks. It recommends viewing any pullback in gold prices to USD 4,000 as a strategic opportunity to establish positions. The chief strategist at BCA Research also noted that gold prices may have further upside potential and could even reach new record highs.
From the yen's sharp depreciation to the Federal Reserve's silence, gold's strategic value is coming into focus.
The sharp depreciation of the yen and the Federal Reserve’s acknowledgment that long-end rates are increasingly determined by the market reflect a weakening grip by central banks on bond markets globally. Against a backdrop of elevated debt levels and sustained monetary expansion, traditional equity-bond portfolio allocations face challenges, potentially enhancing the long-term strategic value of gold as an asset to hedge against fiat currency depreciation.
World Gold Council: Gold is undergoing a shift from a traditional 'safe-haven asset' to a 'strategic allocation.'
As a new foundational asset in an era of multipolarity, gold—owing to its scarcity, risk-hedging properties, absence of sovereign credit risk, ample liquidity, and high global recognition—provides long-term support for wealth preservation and protection, serving as a critical vehicle and instrument for intergenerational wealth transfer and the perpetuation of family wealth value.
Gold Surges $188 in a Single Day: Macroeconomic Factors Were Just the Trigger—Short Squeeze Was the Main Driver
A sharp drop in ADP employment data, the U.S. dollar falling below 100, and a 5.5% plunge in oil prices—three signals converging on the same day—sparked a surge in gold prices. However, the real catalyst was a concentrated short squeeze triggered at the key technical level of $4,200 by CTA trend-following funds. Institutional investors have not yet entered long positions, leaving a clear buying vacuum after CTA shorts were unwound. The upcoming nonfarm payrolls and July CPI data will determine whether this short squeeze proves to be a fleeting move or the start of a sustained trend reversal.
Breaking above the $4,200 resistance level! Gold’s 'reset' is complete, potentially ushering in its best rally window in months
Gold has achieved its most significant technical breakout in several months. Prices have broken above a downward trendline and surpassed the $4,200 level, driven by a confluence of bullish factors including favorable technical indicators, a weakening U.S. dollar, continued gold purchases by the People's Bank of China, and net short positioning by Commodity Trading Advisors (CTAs). Analysts suggest that if gold holds above this key level, it could trigger short-covering and algorithmic buying, potentially propelling the metal into a new upward rally.
Dalio's Warning: The AI Bubble Has Arrived; Gold Is the Real Hard Currency
Dalio warns: Three signs of an AI bubble have emerged—rising interest rates, a surge in equity supply, and retail investors pouring in with leverage. He recommends allocating 5%–15% of investment portfolios to gold, calling Bitcoin 'not as good as real gold,' and argues that capitalists will be the biggest beneficiaries of the AI-driven transformation—though human emotion and intuition remain irreplaceable. Editor’s note: Ray Dalio, founder of Bridgewater Associates, recently gave an in-depth interview to the prominent business podcast The Diary Of A CEO, discussing his views on the AI bubble, the 80-year macroeconomic cycle, and Bitcoin. In the interview, Dalio
After Iran denied holding talks with the U.S., Trump accused Tehran of duplicity and insisted negotiations were ongoing, expecting the Strait of Hormuz to reopen on Tuesday.
Trump stated that dialogue was initiated at Iran's request, describing it as Tehran's final opportunity to secure a favorable agreement. He outlined that the first phase of talks would address the reopening of the Strait, while the second phase would focus on denuclearization, and emphasized that Iran would never be allowed to collect tolls for passage through the Strait. He claimed that although Iran asserts strong control over the Strait of Hormuz, it is in fact fully controlled by the United States, and warned that unless Iran reaches an agreement or 'surrenders completely,' the blockade would continue. He also urged oil companies to 'lower prices now.' Arab media reported that Iran has rejected the new U.S.-proposed Strait arrangement. U.S. media indicated that no new negotiations between Washington and Tehran have been scheduled.
Trump's cancellation of strikes boosted gold prices, while Iran's denial of 'new falsehoods' and expectations of a Federal Reserve rate hike exerted dual downward pressure.
During Asian trading hours on Monday (August 3), spot gold prices edged slightly higher, currently trading around $4,060 per ounce, after earlier touching an intraday high near $4,082. Trump stated that he had called off planned strikes on Iran based on an 'imminent' nuclear deal and Iran’s alleged promise to reopen the Strait of Hormuz, which improved risk appetite. However, Iran swiftly denied the claim, calling it a 'new lie,' leaving geopolitical uncertainty elevated. The Federal Reserve held rates steady but signaled potential rate hikes, exerting downward pressure on gold; meanwhile, a rebound in oil prices stoked inflation concerns, offering some hedging support. Although Trump’s cancellation of the strike plan initially boosted safe-haven demand, Iran’s denial of any negotiations removed a key driver for gold’s upward momentum.
Tether accelerates gold purchases amid price pullback! Buys another 14 tonnes in Q2, raising reserves to 146 tonnes
Tether purchased an additional 14 metric tons of gold in the second quarter, significantly accelerating from the 6 metric tons acquired in the first quarter. Its total gold reserves have now risen to 146 metric tons, valued at $18.8 billion. Gold prices continued to weaken during the second quarter, as inflation concerns stemming from Middle East conflicts drove bond yields sharply higher, exerting downward pressure on non-yielding gold.
Wu Shou: Unwavering Commitment to the 2% Inflation Target, Maintaining Independence, and Focusing on AI-Driven Transformation (Full Text Attached)
Federal Reserve Chair Waller stated that the 2% inflation target has 'no room for flexibility' and emphasized that the Fed will not deviate from its mandate due to market or external pressures such as military conflicts or tariff adjustments. Surging AI-related capital expenditures are driving up prices for memory and other components, and the timing and magnitude of these supply-side effects remain difficult to predict, increasing the complexity of monetary policy formulation. He downplayed forward guidance, urging markets to 'follow the data rather than fixate on the central bank.'
The most hawkish split in a decade? The Fed holds steady, reaffirms its inflation commitment, but three voting members support a rate hike.
‘The New Fed Wire’: This marks the first time since 2016 that three voting members of the FOMC cast dissenting votes aligned on the same policy stance. The statement indicated that one-quarter of voting members supported a 25-basis-point rate hike. It reiterated that the conflict in the Middle East has created significant economic uncertainty, inflation remains elevated—partly due to higher energy prices—and the economy continues to expand steadily, with the unemployment rate remaining largely unchanged.
Express News | The Federal Reserve held rates steady, with three officials dissenting in favor of a rate hike.
Low Probability, High Impact: Citi Issues Nine Extreme Risk Alerts for Commodities in the Second Half of 2026
Citi Global Research released a commodities tail risk report this month, with the core argument being that the traditional supply-demand analytical framework has become obsolete, and geopolitical, climate-related, and technological shocks—once considered 'once-in-a-decade' events—have now become常态化. Investors must therefore focus on low-probability, high-impact extreme scenarios.
CME's All-Weather Gold Futures saw strong demand in their debut weekend, with nearly 15,000 contracts traded and active participation from retail investors.
The Global Head of Metals at CME Group stated, 'Gold is a global safe-haven asset, and global events do not stop over the weekend. This launch demonstrates that individual investors are ready and waiting for a regulated, appropriately sized product available around the clock to manage their gold exposure.'
Trump: Pausing strikes against Iran is giving negotiations another chance; talks may yield results, but if they fail, we will 'resume large-scale attacks.'
Trump stated that the U.S. and Iran are engaged in "very deep negotiations," adding that he is highly patient and has ample time to reach an agreement. Following Trump’s remarks suggesting the talks could yield some outcome, the S&P 500 briefly turned positive. U.S. media reported that negotiations involving mediators are focused on reopening the Strait of Hormuz and reviving the comprehensive nuclear deal; these mediators have made progress in facilitating renewed talks between the U.S. and Iran. Iran emphasized it would not allow the U.S. to dictate when hostilities begin or end. Israeli Prime Minister Netanyahu departed for the U.S., where discussions on Iran will be central; Trump acknowledged minor differences between them, while U.S. media reported Trump will meet separately with Netanyahu and Ukrainian President Zelenskyy at the White House on Tuesday.
International Tower Hill Mines Appoints David Wiens As CEO And Shane Parrow As COO, Effective August 17 And July 27, Respectively
“Revenge mode activated”? U.S. military strikes Iranian military facilities for the 13th consecutive night
U.S. military engagements continue, ceasefire mediation efforts have reached an impasse, and the conflict keeps spilling over beyond its original borders. As the conflict enters its fifth month, escalating U.S. military expenditure combined with rising domestic anti-war sentiment has placed mounting political pressure on the Trump administration.
Bullish sentiment on gold surges? 'Wall Street’s short-seller king' joins in: Still in the early stages of a long-term bull market!
① John Paulson, an American billionaire and hedge fund manager, stated that gold is at the beginning of a long-term bull market, with rising demand from central banks and the private sector expected to drive prices higher; ② He also noted that investors would benefit more from holding shares in gold mining companies than from holding gold itself, particularly those companies possessing substantial undeveloped reserves.
U.S. Secretary of State Rubio: The United States remains willing to engage in negotiations on the Iran issue.
U.S. Secretary of State Marco Rubio said on Wednesday that the United States remains willing to resolve the Iran issue through negotiations, but Tehran has shown a lack of sincerity toward dialogue. Meanwhile, escalating conflicts have disrupted two of the world’s most critical energy transit chokepoints.