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FY 2026 Diluted Earnings Per Share of $3.02

$82.3 Million in Net Income and $179.8 Million in non-GAAP EBITDA in FY 2026

Company Declares Special Dividend of $1.00 per share

COSTA MESA, Calif., Sept. 02, 2026 (GLOBE NEWSWIRE) -- Gold.com, Inc. (NYSE: GOLD), (“Gold.com” or the “Company”), a fully integrated alternative assets platform that offers an extensive range of precious metals, numismatic coins, and collectibles to consumers, collectors, and institutional clients worldwide, reported results for the fiscal fourth quarter and full year ended June 30, 2026.

Management Commentary

“Fiscal 2026 was a transformational year highlighted by continued growth through both organic expansion and strategic acquisitions, our rebranding to Gold.com, and outstanding financial results that underscored the strength of our vertically integrated model,” said Gold.com CEO Greg Roberts. “Fourth quarter performance was solid as we delivered net income of $12.2 million and earnings per diluted share of $0.41, even as market conditions softened. 

“We saw continued growth in our storage and secured lending businesses during the year.  Both businesses carry attractive economics and deepen relationships with customers who may transact across the rest of our platform.  We also continued to grow our business with major retailers and institutional customers, as a result of strategic investments in our trading and logistics platforms.

“Completing the acquisition of Sunshine Minting (“SMI”) in April was a major milestone that significantly expands our total production capacity and creates a clear pathway to capturing additional value and market share globally.  With its state-of-the art facilities and strong capabilities and capacity, SMI is well positioned to serve the growing demand from the United States Mint and other sovereign mints around the world, along with capitalizing on the opportunities across our portfolio of brands.

“Underlying trends across our business remain strong and we are well positioned for broad-based growth and delivering long-term value to our shareholders.”

   Three Months Ended June 30,     2026   2025     (in thousands, except Earnings per Share)             Selected Key Financial Statement Metrics:         Revenues $5,005,014   $2,512,048   Gross profit $110,297   $81,689   Depreciation and amortization expense $(10,115)  $(8,576)  Net income attributable to the Company $12,157   $10,324             Earnings per Share:         Basic $0.42   $0.42   Diluted $0.41   $0.41             Non-GAAP Measures (1):         Adjusted net income before provision for income taxes $24,741   $19,163   EBITDA $28,188   $29,153             (1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25              A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended June 30, 2026 and 2025 follows (in thousands):                Three Months Ended June 30,     2026   2025             Net income before provision for income taxes $12,303   $13,020   Adjustments:         Remeasurement gain on pre-existing equity interests  (4,136)   (1,900)  Contingent consideration fair value adjustment  6,327    (10)  Acquisition costs  132    (523)  Amortization of acquired intangibles  7,004    6,658   Depreciation expense  3,111    1,918   Adjusted net income before provision for income taxes (non-GAAP) $24,741   $19,163                Three Months Ended     June 30, 2026   March 31, 2026     (in thousands, except Earnings per Share)             Selected Key Financial Statement Metrics:         Revenues $5,005,014   $10,350,729   Gross profit $110,297   $176,580   Depreciation and amortization expense $(10,115)  $(9,416)  Net income attributable to the Company $12,157   $59,487             Earnings per Share:         Basic $0.42   $2.17   Diluted $0.41   $2.09             Non-GAAP Measures (1):         Adjusted net income before provision for income taxes $24,741   $87,111   EBITDA $28,188   $103,382             (1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25                        A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended June 30, 2026 and March 31, 2026 follows (in thousands):                Three Months Ended   June 30, 2026   March 31, 2026             Net income before provision for income taxes $12,303   $81,753   Adjustments:         Remeasurement gain on pre-existing equity interests  (4,136)   —   Contingent consideration fair value adjustment  6,327    (4,436)  Acquisition costs  132    378   Amortization of acquired intangibles  7,004    6,975   Depreciation expense  3,111    2,441   Adjusted net income before provision for income taxes (non-GAAP) $24,741   $87,111             Fiscal Fourth Quarter 2026 Financial Highlights

Revenues for the three months ended June 30, 2026 increased 99% to $5.005 billion from $2.512 billion for the three months ended June 30, 2025, and decreased 52% from $10.351 billion for the three months ended March 31, 2026Gross profit for the three months ended June 30, 2026 increased 35% to $110.3 million from $81.7 million for the three months ended June 30, 2025, and decreased 38% from $176.6 million for the three months ended March 31, 2026Gross profit margin for the three months ended June 30, 2026 decreased to 2.20% of revenue, from 3.25% of revenue for the three months ended June 30, 2025, and increased from 1.71% of revenue for the three months ended March 31, 2026Net income attributable to the Company for the three months ended June 30, 2026 increased 18% to $12.2 million from $10.3 million for the three months ended June 30, 2025, and decreased 80% from $59.5 million for the three months ended March 31, 2026Diluted earnings per share totaled $0.41 for the three months ended June 30, 2026, which was unchanged compared to $0.41 for the three months ended June 30, 2025, and decreased 80% from $2.09 for the three months ended March 31, 2026Adjusted net income before provision for income taxes, depreciation, amortization, acquisition costs, remeasurement gains or losses, and contingent consideration fair value adjustments (“Adjusted net income before provision for income taxes” or “Adjusted net income”), a non-GAAP financial performance measure, for the three months ended June 30, 2026 increased 29% to $24.7 million from $19.2 million for the three months ended June 30, 2025, and decreased 72% from $87.1 million for the three months ended March 31, 2026Earnings before interest, taxes, depreciation and amortization (“EBITDA”), a non-GAAP liquidity measure, for the three months ended June 30, 2026 decreased 3% to $28.2 million from $29.2 million for the three months ended June 30, 2025, and decreased 73% from $103.4 million for the three months ended March 31, 2026    Year Ended June 30,     2026   2025     (in thousands, except Earnings per Share)             Selected Key Financial Statement Metrics:         Revenues $25,513,409   $10,978,614   Gross profit $453,144   $210,916   Depreciation and amortization expense $(34,752)  $(22,920)  Net income attributable to the Company $82,341   $17,320             Earnings per Share:         Basic $3.11   $0.73   Diluted $3.02   $0.71             Non-GAAP Measures (1):         Adjusted net income before provision for income taxes $139,940   $53,059   EBITDA $179,750   $64,445             (1) See Reconciliation of U.S. GAAP to Non-GAAP Measures below and on pages 23-25                  A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the years ended June 30, 2026 and 2025 follows (in thousands):                Year Ended June 30,     2026   2025             Net income before provision for income taxes $109,522   $21,270   Adjustments:         Remeasurement (gain) loss on pre-existing equity interests  (4,136)   5,143   Contingent consideration fair value adjustment  (890)   (1,140)  Acquisition costs  692    4,866   Amortization of acquired intangibles  24,362    18,316   Depreciation expense  10,390    4,604   Adjusted net income before provision for income taxes (non-GAAP) $139,940   $53,059             Fiscal Full Year 2026 Financial Highlights

Revenues for the fiscal year ended June 30, 2026 increased 132% to $25.513 billion from $10.979 billion for the fiscal year ended June 30, 2025Gross profit for the fiscal year ended June 30, 2026 increased 115% to $453.1 million from $210.9 million for the fiscal year ended June 30, 2025Gross profit margin for the fiscal year ended June 30, 2026 decreased to 1.78% of revenue from 1.92% of revenue for the fiscal year ended June 30, 2025Net income attributable to the Company for the fiscal year ended June 30, 2026 increased 375% to $82.3 million from $17.3 million for the fiscal year ended June 30, 2025Diluted earnings per share totaled $3.02 for the fiscal year ended June 30, 2026, a 325% increase compared to $0.71 for the fiscal year ended June 30, 2025Adjusted net income for the fiscal year ended June 30, 2026 increased 164% to $139.9 million from $53.1 million for the fiscal year ended June 30, 2025EBITDA for the fiscal year ended June 30, 2026 increased 179% to $179.8 million from $64.4 million for the fiscal year ended June 30, 2025    Three Months Ended June 30,     2026   2025  Selected Operating and Financial Metrics:
         Gold ounces sold (1)  521,000    346,000   Silver ounces sold (2)  15,317,500    15,664,000   Number of secured loans at period end (3)  367    445   Secured loans receivable at period end $115,128,000   $94,037,000   Direct-to-Consumer ("DTC") number of new customers (4)  67,900    108,900   Direct-to-Consumer number of active customers (5)  160,700    170,600   Direct-to-Consumer number of total customers (6)  4,722,300    4,196,000   Direct-to-Consumer average order value ("AOV") (7) $3,556   $2,443   JM Bullion ("JMB") average order value (8) $2,716   $2,415   CyberMetals number of new customers (9)  1,300    1,800   CyberMetals number of active customers (10)  1,600    1,700   CyberMetals number of total customers (11)  42,600    37,000   CyberMetals customer assets under management at period end (12) $16,600,000   $10,700,000                       (1) Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from Spectrum Group International, LLC (“SGI”) and Pinehurst Coin Exchange, Inc. (“Pinehurst”) are included from February 28, 2025, metrics from AMS Holding, LLC (“AMS”) are included from April 1, 2025, metrics from Monex Deposit Company (“Monex”) are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (2) Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period. (4) DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (5) DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (6) DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (7) DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period. (9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform. (10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform. (11) CyberMetals number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past from the CyberMetals platform. (12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers.    Three Months Ended     June 30, 2026   March 31, 2026  Selected Operating and Financial Metrics:
         Gold ounces sold (1)  521,000    527,000   Silver ounces sold (2)  15,317,500    29,220,000   Number of secured loans at period end (3)  367    337   Secured loans receivable at period end $115,128,000   $126,034,000   Direct-to-Consumer ("DTC") number of new customers (4)  67,900    292,900   Direct-to-Consumer number of active customers (5)  160,700    246,000   Direct-to-Consumer number of total customers (6)  4,722,300    4,654,400   Direct-to-Consumer average order value ("AOV") (7) $3,556   $5,618   JM Bullion ("JMB") average order value (8) $2,716   $3,056   CyberMetals number of new customers (9)  1,300    1,300   CyberMetals number of active customers (10)  1,600    2,200   CyberMetals number of total customers (11)  42,600    41,300   CyberMetals customer assets under management at period end (12) $16,600,000   $20,100,000                       (1) Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (2) Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period. (4) DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (5) DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (6) DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (7) DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period. (9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform. (10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform. (11) CyberMetals number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past from the CyberMetals platform. (12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers. Fiscal Fourth Quarter 2026 Operational Highlights

Gold ounces sold in the three months ended June 30, 2026 increased 51% to 521,000 ounces from 346,000 ounces for the three months ended June 30, 2025, and decreased 1% from 527,000 ounces for the three months ended March 31, 2026Silver ounces sold in the three months ended June 30, 2026 decreased 2% to 15.3 million ounces from 15.7 million ounces for the three months ended June 30, 2025, and decreased 48% from 29.2 million ounces for the three months ended March 31, 2026As of June 30, 2026, the number of secured loans decreased 18% to 367 from 445 as of June 30, 2025, and increased 9% from 337 as of March 31, 2026Direct-to-Consumer new customers for the three months ended June 30, 2026 decreased 38% to 67,900 from 108,900 for the three months ended June 30, 2025, and decreased 77% from 292,900 for the three months ended March 31, 2026.  For the three months ended March 31, 2026, approximately 58% of the new customers were attributable to the acquisition of Monex.  For the three months ended June 30, 2025, approximately 30% percent of the new customers were attributable to the acquisition of AMSDirect-to-Consumer active customers for the three months ended June 30, 2026 decreased 6% to 160,700 from 170,600 for the three months ended June 30, 2025, and decreased 35% from 246,000 for the three months ended March 31, 2026Direct-to-Consumer average order value for the three months ended June 30, 2026 increased $1,113, or 46% to $3,556 from $2,443 for the three months ended June 30, 2025, and decreased $2,062, or 37%, from $5,618 for the three months ended March 31, 2026JM Bullion’s average order value for the three months ended June 30, 2026 increased $301, or 12% to $2,716 from $2,415 for the three months ended June 30, 2025, and decreased $340, or 11%, from $3,056 for the three months ended March 31, 2026     Year Ended June 30,     2026   2025  Selected Operating and Financial Metrics:
         Gold ounces sold (1)  2,032,000    1,642,000   Silver ounces sold (2)  73,563,500    73,643,000   Number of secured loans at period end (3)  367    445   Secured loans receivable at period end $115,128,000   $94,037,000   Direct-to-Consumer ("DTC") number of new customers (4)  526,300    1,129,200   Direct-to-Consumer number of active customers (5)  783,100    581,300   Direct-to-Consumer number of total customers (6)  4,722,300    4,196,000   Direct-to-Consumer average order value ("AOV") (7) $4,642   $2,866   JM Bullion ("JMB") average order value (8) $2,794   $2,156   CyberMetals number of new customers (9)  5,700    7,400   CyberMetals number of active customers (10)  7,500    6,800   CyberMetals number of total customers (11)  42,600    37,000   CyberMetals customer assets under management at period end (12) $16,600,000   $10,700,000                       (1) Gold ounces sold represents the ounces of gold product sold and delivered to the customer during the period, excluding ounces of gold recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (2) Silver ounces sold represents the ounces of silver product sold and delivered to the customer during the period, excluding ounces of silver recorded on forward contracts. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, metrics from Monex are included from January 2, 2026, and metrics from SMI are included from April 1, 2026. (3) Number of outstanding secured loans to customers that are primarily collateralized by precious metals at the end of the period. (4) DTC number of new customers represents the number of customers that have registered or set up a new account or made a purchase for the first time during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (5) DTC number of active customers represents the number of customers that have made a purchase during any month during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (6) DTC number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (7) DTC AOV represents the average dollar value of product orders (excluding accumulation program orders) delivered to the customer during the period within the Direct-to-Consumer segment. Metrics from SGI and Pinehurst are included from February 28, 2025, metrics from AMS are included from April 1, 2025, and metrics from Monex are included from January 2, 2026. (8) JMB AOV represents the average dollar value of product orders delivered to JMB's customers during the period. (9) CyberMetals number of new customers represents the number of customers that have registered or set up a new account or have made a purchase for the first time during the period on the CyberMetals platform. (10) CyberMetals number of active customers represents the number of customers that have made a purchase during any month during the period from the CyberMetals platform. (11) CyberMetals number of total customers represents the aggregate number of customers that have registered or set up an account or have made a purchase in the past from the CyberMetals platform. (12) CyberMetals customer assets under management represents the total value of assets managed by the Company on behalf of CyberMetals customers. Fiscal Full Year 2026 Operational Highlights

Gold ounces sold in the fiscal year ended June 30, 2026 increased 24% to 2,032,000 ounces compared to 1,642,000 ounces in the fiscal year ended June 30, 2025Silver ounces sold in the fiscal year ended June 30, 2026 remained relatively unchanged at 73.6 million ounces compared to 73.6 million ounces in the fiscal year ended June 30, 2025Direct-to-Consumer new customers for the fiscal year ended June 30, 2026 decreased 53% to 526,300 from 1,129,200 for the fiscal year ended June 30, 2025.  Approximately 33% of the new customers for the fiscal year ended June 30, 2026 were attributable to the acquisition of Monex.  Approximately 79% of the new customers for the fiscal year ended June 30, 2025 were attributable to the acquisitions of SGI, Pinehurst and AMSDirect-to-Consumer active customers for the fiscal year ended June 30, 2026 increased 35% to 783,100 from 581,300 for the fiscal year ended June 30, 2025Direct-to-Consumer average order value for the fiscal year ended June 30, 2026 increased $1,776, or 62% to $4,642 from $2,866 for the fiscal year ended June 30, 2025JM Bullion’s average order value for the fiscal year ended June 30, 2026 increased $638, or 30% to $2,794 from $2,156 for the fiscal year ended June 30, 2025  Fiscal Fourth Quarter 2026 Financial Summary

Revenues increased 99% to $5.005 billion from $2.512 billion in the same year-ago quarter. Excluding an increase of $0.9 billion of forward sales, our revenues increased $1.596 billion, or 94%, which was due to higher average selling prices of gold and silver as well as an increase in gold ounces sold, partially offset by a decrease in silver ounces sold. Revenues also increased due to the acquisitions of Monex in January 2026 and SMI in April 2026. 

Gross profit increased 35% to $110.3 million (2.20% of revenue) from $81.7 million (3.25% of revenue) in the same year-ago quarter. The overall gross profit increase was due to an increase in gross profits earned by both the Wholesale Sales & Ancillary Services segment and the Direct-to-Consumer segment, including the acquisitions of Monex and SMI, which were not included in the same year-ago period. The Direct-to-Consumer segment contributed 66% and 63% of the consolidated gross profit in the fiscal fourth quarters of 2026 and 2025, respectively.

Selling, general and administrative expenses increased 46% to $77.9 million from $53.4 million in the same year-ago quarter. The change was primarily due to an increase in compensation expense (including performance-based accruals) of $17.1 million, higher advertising costs of $2.2 million, an increase in insurance costs of $2.7 million, consulting and professional fees of $1.4 million, an increase in facilities expense of $0.5 million, and an increase in bank service and credit card fees of $0.2 million.  Selling, general and administrative expenses for the three months ended June 30, 2026 included $8.2 million of expenses incurred by Monex and SMI, which were not included in the same year-ago period. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $16.3 million from the prior year period.

Depreciation and amortization expense increased 18% to $10.1 million from $8.6 million in the same year-ago quarter. The change was primarily due to an increase in depreciation expense of $1.2 million due to an increase in capital expenditures, an increase in amortization expense of $1.9 million relating to an increase in intangible asset amortization from intangible assets acquired through our acquisitions of Monex and SMI, partially offset by a decrease of $1.6 million in SGI, AMS and SGB intangible asset amortization.

Interest income increased 40% to $7.5 million from $5.3 million in the same year-ago quarter. The aggregate increase in interest income was due to an increase in interest income earned by our Secured Lending segment of $0.8 million, a $0.7 million increase in interest income earned by our DTC segment, and a $0.6 million increase in interest earned by our Wholesale Sales & Ancillary Services segment.  

Interest expense increased 3% to $13.2 million from $12.9 million in the same year-ago quarter. The increase in interest expense was primarily due to an increase of $5.3 million related to precious metals leases driven by higher overall borrowings, partially offset by a decrease in interest rates, higher interest and fees of $0.8 million related to product financing arrangements due to higher interest rates and fees, and an increase of $0.7 million of other related interest charges, partially offset by a decrease of $6.4 million associated with our Trading Credit Facility due to reduced borrowings.

Earnings (losses) from equity method investments increased 364% to earnings of $2.0 million from a loss of $0.8 million in the same year-ago quarter. 

Net income attributable to the Company totaled $12.2 million or $0.41 per diluted share, compared to net income of $10.3 million or $0.41 per diluted share in the same year-ago quarter.

Adjusted net income before provision for income taxes for the three months ended June 30, 2026 totaled $24.7 million, an increase of $5.6 million or 29% compared to $19.2 million in the same year-ago quarter.

EBITDA for the three months ended June 30, 2026 totaled $28.2 million, a decrease of $1.0 million or 3% compared to $29.2 million in the same year-ago quarter.

Fiscal Full Year 2026 Financial Summary

Revenues increased 132% to $25.513 billion from $10.979 billion in the prior fiscal year. Excluding an increase of $8.323 billion of forward sales, our revenues increased $6.205 billion, or 95%, which was due to higher average selling prices of gold and silver as well as an increase in gold ounces sold, partially offset by a decrease in silver ounces sold. Revenues also increased due to the acquisitions of SGI and Pinehurst in February 2025, AMS in April 2025, Monex in January 2026, and SMI in April 2026. 

Gross profit increased 115% to $453.1 million (1.78% of revenue) in fiscal year 2026 from $210.9 million (1.92% of revenue) in the prior year. The overall gross profit increase was due to an increase in gross profits earned by both the Wholesale Sales & Ancillary Services segment and the Direct-to-Consumer segment, including the acquisitions of Monex and SMI, which were not included in the same year-ago period, and SGI, Pinehurst, and AMS, which were only partially included in the same year-ago period. The Direct-to-Consumer segment contributed 69% and 59% of the consolidated gross profit in fiscal year 2026 and 2025, respectively.

Selling, general and administrative expenses increased 98% to $275.6 million from $139.2 million in the prior fiscal year. The increase was primarily due to an increase in compensation expense of $85.8 million, higher advertising costs of $20.4 million, an increase in insurance costs of $8.7 million, an increase in consulting and professional fees of $7.4 million, an increase in bank service and credit card fees of $4.7 million, and an increase in facilities expense of $4.3 million. Selling, general and administrative expenses for the year ended June 30, 2026 included $104.3 million of expenses incurred by Monex and SMI, which were not included in the same year-ago period, and SGI, Pinehurst, and AMS, which were only partially included in the same year-ago period. Excluding the increase from newly acquired subsidiaries, our selling, general and administrative expenses increased $32.1 million from the prior year period.

Depreciation and amortization expense increased 52% to $34.8 million from $22.9 million in fiscal year 2025. The increase was primarily due to an increase in amortization expense of $11.6 million relating to an increase in intangible asset amortization from intangible assets acquired through our acquisitions of SGI, Pinehurst, AMS, Monex, and SMI, and an increase in depreciation expense of $5.8 million due to an increase in capital expenditures, partially offset by a decrease of $5.6 million in JMB and SGB intangible asset amortization.

Interest income decreased 1% to $25.6 million from $25.9 million in the prior fiscal year. The aggregate decrease in interest income was due to a $2.4 million decrease in interest earned by our Wholesale Sales & Ancillary Services segment, partially offset by an increase in interest earned by our Secured Lending segment of $1.0 million and an increase in interest earned by our DTC segment of $1.1 million.

Interest expense increased 32% to $61.1 million from $46.2 million in fiscal year 2025.  The increase in interest expense was primarily due to an increase of $11.0 million related to precious metals leases driven by higher overall borrowings, partially offset by a decrease in interest rates, an increase of $8.0 million related to product financing arrangements due to higher interest rates and fees, partially offset by a decrease of $5.4 million associated with our Trading Credit Facility due to reduced borrowings.

Earnings (losses) from equity method investments increased 255% to earnings of $4.4 million from a loss of $2.8 million in the prior fiscal year.

Net income attributable to the Company totaled $82.3 million or $3.02 per diluted share, compared to net income attributable to the Company of $17.3 million or $0.71 per diluted share in the prior fiscal year.

Adjusted net income before provision for income taxes for the fiscal year ended June 30, 2026 totaled $139.9 million, an increase of $86.9 million or 164% compared to $53.1 million in the prior fiscal year.

EBITDA for fiscal year 2026 totaled $179.8 million, an increase of $115.3 million or 179% compared to $64.4 million in the prior fiscal year.

Special Dividend

Gold.com’s Board of Directors has declared a special cash dividend of $1.00 per share that is payable on September 28, 2026 to stockholders of record as of September 16, 2026. 

Quarterly Cash Dividend

Gold.com’s Board of Directors has declared a quarterly cash dividend of $0.20 per share, maintaining the company's current dividend program. The dividend is payable on September 28, 2026 to stockholders of record as of September 16, 2026 . 

Conference Call

Gold.com will hold a conference call today (September 2, 2026) to discuss these financial results. Gold.com management will host the call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) followed by a question-and-answer period.

To participate, please call the conference telephone number 10 minutes before the start time and ask for the Gold.com conference call.

Webcast: https://www.webcaster5.com/Webcast/Page/2867/54373
U.S. dial-in number: 1-888-506-0062
International number: 1-973-528-0011
Participant Access Code: 327594

The call will also be broadcast live and available for replay on the Investor Relations section of Gold.com’s website at ir.gold.com. If you have any difficulty connecting with the conference call or webcast, please contact Gold.com’s investor relations team at 1-646-277-1260.

A replay of the call will be available after 7:30 p.m. Eastern time through September 2, 2027.

Toll-free replay number: 1-877-481-4010
International replay number: 1-919-882-2331
Participant Access Code: 54373

About Gold.com, Inc.

Gold.com builds on gold’s storied history and heritage to define the future of alternative asset management. Founded in 1965, Gold.com offers comprehensive solutions for all aspects of the precious metals (gold, silver, platinum, and palladium) and collectibles (including rare coins and currency) value chains. Its vertically integrated platform combines market expertise with state-of-the-art logistics, financing, and minting capabilities to serve customers, collectors, and institutional clients globally.

Gold.com’s direct-to-consumer marketplace, anchored by flagship brands JMBullion.com, Stack’s Bowers Galleries, GovMint.com, Monex Precious Metals, and Goldline, has served millions of customers. The Company’s trading and wholesale sales platform, which operates as A-Mark Precious Metals, maintains distribution and finance focused relationships with a network of sovereign and private mints and has been an “authorized purchaser” of the United States Mint since 1986. This platform is supported by the Company’s minting and refining operations which include Sunshine Minting and Silver Towne Mint, whose facilities can collectively produce in excess of three million ounces of finished precious metals products per week. Gold.com’s Collateral Finance Corporation secured lending subsidiary, CFCGoldLoans.com, extends bullion, numismatic, and graded sports card loans, while A-Mark Global Logistics supports the Company’s operations with airport-adjacent distribution centers and IRA-approved storage depositories.

Gold.com is headquartered in Costa Mesa, California, and operates across the United States, Canada, the United Kingdom, Europe, Hong Kong, and Singapore. Learn more at www.gold.com.

Gold.com periodically provides information for investors on its corporate website, www.gold.com and its investor relations website, ir.gold.com. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and investor presentations.

Important Cautions Regarding Forward-Looking Statements

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These include statements regarding expectations with respect to growth, increasing market share and the delivery of long-term value. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results or circumstances to differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ include the following: The failure to execute the Company’s growth strategy, including the inability to identify suitable or available acquisition or investment opportunities; greater than anticipated costs incurred to execute this strategy; our inability to execute on our cost containment and expense reduction programs; government regulations that might impede growth, particularly in Asia, including with respect to tariff policy; the inability to successfully integrate our recently acquired businesses; changes in the current international political climate, which historically has favorably contributed to demand and volatility in the precious metals markets but also has posed certain risks and uncertainties for the Company; increased competition for the Company’s higher margin services, which could depress pricing; the failure of the Company’s business model to respond to changes in the market environment as anticipated; changes in consumer demand and preferences for precious metal products generally; potential negative effects that inflationary pressure may have on our business; the failure of our investee companies to maintain, or address the preferences of, their customer bases; general risks of doing business in the commodity markets; and the strategic, business, economic, financial, political and governmental risks and other Risk Factors described in in the Company’s public filings with the Securities and Exchange Commission.

The Company undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Use and Reconciliation of Non-GAAP Measures

In addition to presenting the Company’s financial results determined in accordance with U.S. GAAP, management believes the following non-GAAP measures are useful in evaluating the Company’s operating performance: “adjusted net income before provision for income taxes” and “earnings before interest, taxes, depreciation and amortization” (“EBITDA”). Management believes the “adjusted net income before provision for income taxes” non-GAAP financial performance measure assists investors and analysts by facilitating comparison of period-to-period operational performance on a consistent basis by excluding items that management does not believe are indicative of the Company’s core operating performance. The items excluded from this financial measure may have a material impact on the Company’s financial results. Certain of those items are non-recurring, while others are non-cash in nature. Management believes the EBITDA non-GAAP liquidity measure assists investors and analysts by facilitating comparison of our business operations before investing activities, interest, and income taxes with other publicly traded companies. Non-GAAP measures do not have standardized definitions and should be considered in addition to, and not as a substitute for or superior to, the comparable measures prepared in accordance with U.S. GAAP, and should be read in conjunction with the financial statements included in the Company’s Annual Report on Form 10-K to be filed with the SEC. Management encourages investors and others to review the Company’s financial information in its entirety and not to rely on any single financial or liquidity measure.

In the Company’s reconciliation from its reported U.S. GAAP “net income before provision for income taxes” to its non-GAAP “adjusted net income before provision for income taxes”, the Company eliminates the impact of the following five amounts: acquisition costs; amortization expenses related to intangible assets acquired; depreciation expense; remeasurement gains or losses related to pre-existing equity interests; and contingent consideration fair value adjustments. The Company’s reconciliations from its reported U.S. GAAP “net income before provision for income taxes” to its non-GAAP “adjusted net income before provision for income taxes”, and “net income” and “net cash provided by (used in) operating activities” to its non-GAAP “EBITDA” are provided below and are also included in the Company’s Annual Report on Form 10-K to be filed with the SEC for the fiscal year ended June 30, 2026.

Company Contact:
Steve Reiner, Executive Vice President, Capital Markets & Investor Relations
Gold.com, Inc.
1-310-587-1410
[email protected]

Investor Relations Contact:
Reed Anderson, ICR
646-277-1260
[email protected]
[email protected]

GOLD.COM, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except for share data)   June 30, 2026
 June 30, 2025
  (unaudited)    ASSETS      Current assets      Cash $577,976  $77,741 Receivables, net  196,037   137,723 Derivative assets  317,976   134,515 Secured loans receivable  115,128   94,037 Inventories:      Inventories  1,561,851   794,812 Restricted inventories  798,485   484,733      2,360,336   1,279,545 Income tax receivable  2,148   4,575 Prepaid expenses and other assets  34,750   15,359 Total current assets  3,604,351   1,743,495 Operating lease right of use assets  31,659   22,843 Property, plant, and equipment, net  71,064   45,509 Goodwill  250,803   228,650 Intangibles, net  146,318   137,314 Long-term investments  26,986   33,015 Other long-term assets  5,738   4,605 Total assets $4,136,919  $2,215,431 LIABILITIES AND STOCKHOLDERS’ EQUITY      Current liabilities      Liabilities on borrowed metals $776,061  $46,051 Product financing arrangements  89,249   484,733 Accounts payable and other payables  38,778   22,248 Deferred revenue and other advances  2,139,974   426,904 Derivative liabilities  39,918   96,177 Accrued liabilities  58,789   34,021 Notes payable  4,000   3,994 Total current liabilities  3,146,769   1,114,128 Lines of credit  —   345,000 Notes payable  206   3,349 Deferred tax liabilities  14,615   18,335 Other liabilities  36,963   31,948 Total liabilities  3,198,553   1,512,760 Commitments and contingencies      Stockholders’ equity      Preferred stock, $0.01 par value, authorized 10,000,000 shares; issued and outstanding: none as of June 30, 2026 or June 30, 2025  —   — Common stock, par value $0.01; 40,000,000 shares authorized; 29,121,293 and 24,639,386 shares issued and outstanding as of June 30, 2026 and June 30, 2025, respectively  292   247 Additional paid-in capital  351,545   184,998 Accumulated other comprehensive income  140   212 Retained earnings  523,736   464,059 Total Gold.com, Inc. stockholders’ equity  875,713   649,516 Noncontrolling interests  62,653   53,155 Total stockholders’ equity  938,366   702,671 Total liabilities and stockholders’ equity $4,136,919  $2,215,431  GOLD.COM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except for share and per share data; unaudited)      Year Ended June 30,   2026  2025  2024 Revenues $25,513,409  $10,978,614  $9,699,039 Cost of sales  25,060,265   10,767,698   9,525,784 Gross profit  453,144   210,916   173,255 Selling, general, and administrative expenses  (275,582)  (139,193)  (89,800)Depreciation and amortization expense  (34,752)  (22,920)  (11,397)Interest income  25,634   25,948   27,168 Interest expense  (61,110)  (46,203)  (39,531)Earnings (losses) from equity method investments  4,391   (2,825)  4,044 Other (expense) income, net  (1,927)  2,031   2,071 Remeasurement gain (loss) on pre-existing equity interests  4,136   (5,143)  16,669 Gains (losses) on foreign exchange  (4,412)  (1,341)  299 Net income before provision for income taxes  109,522   21,270   82,778 Income tax expense  (20,907)  (5,426)  (13,745)Net income  88,615   15,844   69,033 Net (loss) income attributable to noncontrolling interests  6,274   (1,476)  487 Net income attributable to the Company $82,341  $17,320  $68,546 Basic and diluted net income per share attributable to Gold.com, Inc.:         Basic $3.11  $0.73  $2.97 Diluted $3.02  $0.71  $2.84           Weighted-average shares outstanding:         Basic  26,435,700   23,625,900   23,091,700 Diluted  27,262,600   24,441,500   24,120,800  GOLD.COM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands; unaudited)
      Year Ended June 30,   2026  2025  2024 Cash flows from operating activities:         Net income $88,615  $15,844  $69,033 Adjustments to reconcile net income to net cash flows from operating activities:         Depreciation and amortization  34,752   22,920   11,397 Amortization of loan cost  4,267   4,092   2,447 Share-based compensation  2,407   1,594   1,923 Remeasurement (gain) loss on pre-existing equity interests  (4,136)  5,143   (16,669)Losses (earnings) from equity method investments  (4,391)  2,825   (4,044)Other  181   (3,960)  (2,214)Changes in assets and liabilities:         Receivables, net  (32,126)  (57,604)  16,754 Secured loans made to affiliates  —   16   56 Derivative assets  (181,458)  (18,992)  (36,243)Income tax receivable  2,427   (606)  — Precious metals held under financing arrangements  —   —   3,464 Inventories  (158,855)  (22,072)  (52,758)Prepaid expenses and other assets  (923)  (3,386)  (1,168)Accounts payable and other payables  5,661   (17,354)  (16,285)Deferred revenue and other advances (including amounts from related parties of $1,453,942, $0, and $0 during the years ended June 30, 2026 2025, and 2024, respectively)  1,583,854   150,156   65,180 Derivative liabilities  (56,259)  69,109   18,265 Liabilities on borrowed metals  (71,011)  14,058   9,878 Accrued liabilities  9,779   (9,436)  (7,097)Income tax payable  —   —   (985)Net cash provided by operating activities  1,222,784   152,347   60,934 Cash flows from investing activities:         Capital expenditures for property, plant, and equipment  (12,708)  (10,678)  (7,256)Acquisition of businesses, net of cash acquired  (35,074)  (114,609)  (31,871)Purchase of long-term investments  (6,400)  —   (2,113)Purchase of stablecoin  (20,000)  —   — Purchase of intangible assets  (1,720)  —   (8,515)Secured loans receivable, net  (21,081)  19,035   (12,489)Purchase of marketable securities  —   (2,549)  — Proceeds from sale of marketable securities  —   4,213   — Other  6,905   (77)  (1,353)Net cash used in investing activities  (90,078)  (104,665)  (63,597)Cash flows from financing activities:         Product financing arrangements, net  (395,484)  (85,031)  157,541 Dividends paid  (22,504)  (18,804)  (41,845)Borrowings under lines of credit  3,472,500   1,960,000   1,893,000 Repayments under lines of credit  (3,817,500)  (1,860,000)  (1,883,000)Repayment of notes  —   (197)  (95,000)Proceeds from notes payable to related party  —   —   3,448 Repayments on notes payable to related party  —   (8,367)  — Net proceeds from the issuance of common stock  140,038   —   — Repurchases of common stock  —   (901)  (22,307)Repurchases of common stock from a related party  —   (4,219)  — Debt funding issuance costs  (2,641)  (4,186)  (3,323)Proceeds from the exercise of share-based awards  3,712   3,305   1,962 Payments for tax withholding related to net settlement of share-based awards  (785)  (177)  (546)Other  (9,807)  —   2,051 Net cash (used in) provided by financing activities  (632,471)  (18,577)  11,981 Net increase in cash  500,235   29,105   9,318 Cash, beginning of period  77,741   48,636   39,318 Cash, end of period $577,976  $77,741  $48,636 
Overview of Results of Operations for the Three Months Ended June 30, 2026 and 2025

Consolidated Results of Operations

The operating results for the three months ended June 30, 2026 and 2025 were as follows (in thousands, except per share data):

          Three Months Ended June 30, 2026  2025  Change   $  % of revenue  $  % of revenue  $  % Revenues $5,005,014  100.000% $2,512,048  100.000% $2,492,966  99.2%Gross profit  110,297  2.204%  81,689  3.252% $28,608  35.0%Selling, general, and administrative expenses  (77,941) (1.557%)  (53,418) (2.126%) $24,523  45.9%Depreciation and amortization expense  (10,115) (0.202%)  (8,576) (0.341%) $1,539  17.9%Interest income  7,457  0.149%  5,345  0.213% $2,112  39.5%Interest expense  (13,227) (0.264%)  (12,902) (0.514%) $325  2.5%Earnings (losses) from equity method investments  2,037  0.041%  (771) (0.031%) $2,808  364.2%Other (expense) income, net  (9,033) (0.180%)  199  0.008% $(9,232) (4,639.2%)Remeasurement gain on pre-existing equity interests  4,136  0.083%  1,900  0.076% $2,236  117.7%Losses on foreign exchange  (1,308) (0.026%)  (446) (0.018%) $862  193.3%Net income before provision for income taxes  12,303  0.246%  13,020  0.518% $(717) (5.5%)Income tax expense  (282) (0.006%)  (2,860) (0.114%) $(2,578) (90.1%)Net income  12,021  0.240%  10,160  0.404% $1,861  18.3%Net loss attributable to noncontrolling interests  (136) (0.003%)  (164) (0.007%) $(28) (17.1%)Net income attributable to the Company $12,157  0.243% $10,324  0.411% $1,833  17.8%                   Basic and diluted net income per share attributable
 to Gold.com, Inc.:                                   Per Share Data:                  Basic $0.42     $0.42     $—  —%Diluted $0.41     $0.41     $—  —% Overview of Results of Operations for the Three Months Ended June 30, 2026 and March 31, 2026

Consolidated Results of Operations

The operating results for the three months ended June 30, 2026 and March 31, 2026 were as follows (in thousands, except per share data):

                   Three Months Ended June 30, 2026  March 31, 2026  Change   $  % of
revenue  $  % of
revenue  $  % Revenues $5,005,014  100.000% $10,350,729  100.000% $(5,345,715) (51.6%)Gross profit  110,297  2.204%  176,580  1.706% $(66,283) (37.5%)Selling, general, and administrative expenses  (77,941) (1.557%)  (78,035) (0.754%) $(94) (0.1%)Depreciation and amortization expense  (10,115) (0.202%)  (9,416) (0.091%) $699  7.4%Interest income  7,457  0.149%  6,817  0.066% $640  9.4%Interest expense  (13,227) (0.264%)  (19,030) (0.184%) $(5,803) (30.5%)Earnings from equity method investments  2,037  0.041%  2,253  0.022% $(216) (9.6%)Other (expense) income, net  (9,033) (0.180%)  4,623  0.045% $(13,656) (295.4%)Remeasurement gain on pre-existing equity interests  4,136  0.083%  —  —% $4,136  —%Losses on foreign exchange  (1,308) (0.026%)  (2,039) (0.020%) $(731) (35.9%)Net income before provision for income taxes  12,303  0.246%  81,753  0.790% $(69,450) (85.0%)Income tax expense  (282) (0.006%)  (17,716) (0.171%) $(17,434) (98.4%)Net income  12,021  0.240%  64,037  0.619% $(52,016) (81.2%)Net (loss) income attributable to noncontrolling interests  (136) (0.003%)  4,550  0.044% $(4,686) (103.0%)Net income attributable to the Company $12,157  0.243% $59,487  0.575% $(47,330) (79.6%)                   Basic and diluted net income per share attributable to Gold.com, Inc.:                                     Per Share Data:                  Basic $0.42     $2.17     $(1.75) (80.6%)Diluted $0.41     $2.09     $(1.68) (80.4%) Overview of Results of Operations for the Years Ended June 30, 2026 and 2025

Consolidated Results of Operations

The operating results for the years ended June 30, 2026 and 2025 were as follows (in thousands, except per share data):

Year Ended June 30, 2026  2025  Change   $  % of revenue  $  % of revenue  $  % Revenues $25,513,409  100.000% $10,978,614  100.000% $14,534,795  132.4%Gross profit  453,144  1.776%  210,916  1.921% $242,228  114.8%Selling, general, and administrative expenses  (275,582) (1.080%)  (139,193) (1.268%) $136,389  98.0%Depreciation and amortization expense  (34,752) (0.136%)  (22,920) (0.209%) $11,832  51.6%Interest income  25,634  0.100%  25,948  0.236% $(314) (1.2%)Interest expense  (61,110) (0.240%)  (46,203) (0.421%) $14,907  32.3%Earnings (losses) from equity method investments  4,391  0.017%  (2,825) (0.026%) $7,216  255.4%Other (expense) income, net  (1,927) (0.008%)  2,031  0.018% $(3,958) (194.9%)Remeasurement gain (loss) on pre-existing equity interests  4,136  0.016%  (5,143) (0.047%) $9,279  180.4%Losses on foreign exchange  (4,412) (0.017%)  (1,341) (0.012%) $3,071  229.0%Net income before provision for income taxes  109,522  0.429%  21,270  0.194% $88,252  414.9%Income tax expense  (20,907) (0.082%)  (5,426) (0.049%) $15,481  285.3%Net income  88,615  0.347%  15,844  0.144% $72,771  459.3%Net income (loss) attributable to noncontrolling interests  6,274  0.025%  (1,476) (0.013%) $7,750  525.1%Net income attributable to the Company $82,341  0.323% $17,320  0.158% $65,021  375.4%                   Basic and diluted net income per share attributable to Gold.com, Inc.:                                   Per Share Data:                  Basic $3.11     $0.73     $2.38  326.0%Diluted $3.02     $0.71     $2.31  325.4% Reconciliation of U.S. GAAP to Non-GAAP Measures for the Three Months Ended June 30, 2026 and 2025

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended June 30, 2026 and 2025 follows (in thousands):

Three Months Ended June 30, 2026  2025  Change   $  $  $  % Net income before provision for income taxes $12,303  $13,020  $(717)  (5.5%)Adjustments:            Remeasurement gain on pre-existing equity interests  (4,136)  (1,900) $2,236   117.7%Contingent consideration fair value adjustment  6,327   (10) $6,337   63,370.0%Acquisition costs  132   (523) $655   125.2%Amortization of acquired intangibles  7,004   6,658  $346   5.2%Depreciation expense  3,111   1,918  $1,193   62.2%Adjusted net income before provision for income taxes (non-GAAP) $24,741  $19,163  $5,578   29.1%
A reconciliation of net income to EBITDA, and operating cash flows to EBITDA for the three months ended June 30, 2026 and 2025 follows (in thousands):

Three Months Ended June 30, 2026  2025  Change Reconciliation of Net Income to EBITDA: $  $  $  % Net income $12,021  $10,160  $1,861   18.3%Adjustments:            Interest income  (7,457)  (5,345) $2,112   39.5%Interest expense  13,227   12,902  $325   2.5%Amortization of acquired intangibles  7,004   6,658  $346   5.2%Depreciation expense  3,111   1,918  $1,193   62.2%Income tax expense  282   2,860  $(2,578)  (90.1%)   16,167   18,993  $(2,826)  (14.9%)             Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $28,188  $29,153  $(965)  (3.3%)             Reconciliation of Operating Cash Flows to EBITDA:            Net cash provided by operating activities $1,069,754  $66,966  $1,002,788   1,497.5%Changes in operating working capital  (1,050,328)  (49,665) $1,000,663   2,014.8%Interest expense  13,227   12,902  $325   2.5%Interest income  (7,457)  (5,345) $2,112   39.5%Income tax expense  282   2,860  $(2,578)  (90.1%)Earnings (losses) from equity method investments  2,037   (771) $2,808   364.2%Remeasurement gain on pre-existing equity interests  4,136   1,900  $2,236   117.7%Share-based compensation  (1,064)  (618) $446   72.2%Amortization of loan cost  (376)  (1,246) $(870)  (69.8%)Other  (2,023)  2,170  $(4,193)  (193.2%)Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $28,188  $29,153  $(965)  (3.3%) Reconciliation of U.S. GAAP to Non-GAAP Measures for the Three Months Ended June 30, 2026 and March 31, 2026

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the three months ended June 30, 2026 and March 31, 2026 follows (in thousands):

Three Months Ended June 30,
2026  March 31,
2026  Change   $  $  $  % Net income before provision for income taxes $12,303   81,753  $(69,450)  (85.0%)Adjustments:            Remeasurement gain on pre-existing equity interests  (4,136)  —  $(4,136)  —%Contingent consideration fair value adjustment  6,327   (4,436) $10,763   242.6%Acquisition costs  132   378  $(246)  (65.1%)Amortization of acquired intangibles  7,004   6,975  $29   0.4%Depreciation expense  3,111   2,441  $670   27.4%Adjusted net income before provision for income taxes (non-GAAP) $24,741  $87,111  $(62,370)  (71.6%)
A reconciliation of net income to EBITDA, and operating cash flows to EBITDA for the three months ended June 30, 2026 and March 31, 2026 follows (in thousands):

Three Months Ended June 30,
2026  March 31,
2026  Change Reconciliation of Net Income to EBITDA: $  $  $  % Net income $12,021  $64,037  $(52,016)  (81.2%)Adjustments:            Interest income  (7,457)  (6,817) $640   9.4%Interest expense  13,227   19,030  $(5,803)  (30.5%)Amortization of acquired intangibles  7,004   6,975  $29   0.4%Depreciation expense  3,111   2,441  $670   27.4%Income tax expense  282   17,716  $(17,434)  (98.4%)   16,167   39,345  $(23,178)  (58.9%)              Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $28,188  $103,382  $(75,194)  (72.7%)             Reconciliation of Operating Cash Flows to EBITDA:            Net cash provided by operating activities $1,069,754  $235  $1,069,519   455,114.5%Changes in operating working capital  (1,050,328)  70,603  $(1,120,931)  (1,587.7%)Interest expense  13,227   19,030  $(5,803)  (30.5%)Interest income  (7,457)  (6,817) $640   9.4%Income tax expense  282   17,716  $(17,434)  (98.4%)Earnings from equity method investments  2,037   2,253  $(216)  (9.6%)Remeasurement gain on pre-existing equity interests  4,136   —  $4,136   —%Share-based compensation  (1,064)  (505) $559   110.7%Amortization of loan cost  (376)  (1,128) $(752)  (66.7%)Other  (2,023)  1,995  $(4,018)  (201.4%)Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $28,188  $103,382  $(75,194)  (72.7%) Reconciliation of U.S. GAAP to Non-GAAP Measures for the Full Year Ended June 30, 2026 and 2025

A reconciliation of net income before provision for income taxes to adjusted net income before provision for income taxes for the years ended June 30, 2026 and 2025 follows (in thousands):

Year Ended June 30, 2026  2025  Change   $  $  $  % Net income before provision for income taxes $109,522  $21,270  $88,252   414.9%Adjustments:            Remeasurement (gain) loss on pre-existing equity interests  (4,136)  5,143  $(9,279)  (180.4%)Contingent consideration fair value adjustment  (890)  (1,140) $(250)  (21.9%)Acquisition costs  692   4,866  $(4,174)  (85.8%)Amortization of acquired intangibles  24,362   18,316  $6,046   33.0%Depreciation expense  10,390   4,604  $5,786   125.7%Adjusted net income before provision for income taxes (non-GAAP) $139,940  $53,059  $86,881   163.7%
A reconciliation of net income to EBITDA, and operating cash flows to EBITDA for the years ended June 30, 2026, 2025, and 2024 follows (in thousands):

Year Ended June 30, 2026  2025  Change Reconciliation of Net Income to EBITDA: $  $  $  % Net income $88,615  $15,844  $72,771   459.3%Adjustments:            Interest income  (25,634)  (25,948) $(314)  (1.2%)Interest expense  61,110   46,203  $14,907   32.3%Amortization of acquired intangibles  24,362   18,316  $6,046   33.0%Depreciation expense  10,390   4,604  $5,786   125.7%Income tax expense  20,907   5,426  $15,481   285.3%   91,135   48,601  $42,534   87.5%             Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $179,750  $64,445  $115,305   178.9%             Reconciliation of Operating Cash Flows to EBITDA:            Net cash provided by operating activities $1,222,784  $152,347  $1,070,437   702.6%Changes in operating working capital  (1,101,089)  (103,889) $997,200   959.9%Interest expense  61,110   46,203  $14,907   32.3%Interest income  (25,634)  (25,948) $(314)  (1.2%)Income tax expense  20,907   5,426  $15,481   285.3%Earnings (losses) from equity method investments  4,391   (2,825) $7,216   255.4%Remeasurement gain (loss) on pre-existing equity interests  4,136   (5,143) $9,279   180.4%Share-based compensation  (2,407)  (1,594) $813   51.0%Amortization of loan cost  (4,267)  (4,092) $175   4.3%Other  (181)  3,960  $(4,141)  (104.6%)Earnings before interest, taxes, depreciation, and amortization (non-GAAP) $179,750  $64,445  $115,305   178.9%

TD Securities’ Ryan McKay and Bart Melek highlight that upcoming US Non-farm Payrolls (NFP) and a renewed hawkish Fed tone are critical for Gold, with prices near CTA (Commodity Trading Advisors) selling thresholds around $4,300/oz. Their simulations show further declines toward $4,200–$4,100/oz could push CTA positioning close to flat, though they see limited material downside longer term as the precious metals backdrop improves.

Gold nears key CTA sell triggers"Economic data becomes increasingly important for precious metals, with gold at risk of CTA selling."

"Non-farm payrolls this Friday will be the next piece of data with keen interest for precious metals given the renewed hawkish tone from the Fed and the latest escalation in the energy market."

"Price reaction may be more prone to the downside on potential beats in the data with gold nearing some CTA selling levels near $4,300/oz and our pricing simulations suggesting a further downward trend toward $4200-$4100/oz would see positioning reduced back to near flat into next week."

"Hike pricing has increased to over two hikes in 2027 again, and we have argued the recent rally in the yellow metal was too early due to these lingering inflation concerns."

"However, looking forward, we do not anticipate material downside as the landscape for precious metals has improved amid a renewed dollar debasement theme, while Fed hikes remain far from certain."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Gold has hit a wall this week, sliding to two-week lows near $4,320 and posting an 8.7% drop from last week’s three-month highs near $4,700. The catalyst is unmistakable: Fed Chair Warsh’s hawkish Jackson Hole remarks, warning the Fed still has “work to do” without clearer evidence inflation is returning to target, sent September hike odds surging from roughly 36% before his speech to over 66% today. Rising Treasury yields and renewed Middle East tensions, following fresh US strikes and Iranian retaliation against the UAE and Jordan, have only added to the pressure.

Despite this sharp pullback, the broader picture remains genuinely constructive: gold still gained around 10% in August alone after the US Treasury’s surprise move to double its long-dated bond buyback programme reignited fears over fiscal credibility, the so-called debasement trade that has underpinned much of this year’s rally.

All eyes now turn to Friday’s Non-Farm Payrolls report, the week’s decisive catalyst. A weak print could quickly reverse this hawkish repricing and revive gold’s momentum, while a strong one would likely deepen the current correction heading into the Fed’s September 15–16 meeting.

Technical Analysis of XAU/USD

As the XAU/USD chart shows, gold has pulled back sharply from the 4,698.73 highs and is now trading between two key confluences: above the 0.618 Fibonacci retracement near 4,265, which aligns with the ascending trendline off the late-July lows, and below the 0.5 retracement near 4,348, which coincides with the 200-period EMA at 4,367.

Bullish Scenario

Should buyers defend the 0.618-trendline confluence, the broader recovery structure remains intact. A push back above the 0.5 retracement and the 200-period EMA would open the path towards reclaiming the descending trendline, with scope to challenge the 0.382 level near 4,431.

Bearish Scenario

Conversely, a decisive break below the 0.618 retracement and the ascending trendline would signal that the correction has real legs, exposing the 0.786 level near 4,147, with a deeper slide risking a full retest of the 3,997 low that anchored the entire August rally.

With price squeezed between a defended trendline-Fibonacci confluence below and a stubborn EMA-Fibonacci resistance above, gold’s next move looks set to determine whether Friday’s jobs report tips the balance towards renewed strength, or confirms this correction has further to run.

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Gold prices fell in Saudi Arabia on Wednesday, according to data compiled by FXStreet.

The price for Gold stood at 519.87 Saudi Riyals (SAR) per gram, down compared with the SAR 522.56 it cost on Tuesday.

The price for Gold decreased to SAR 6,063.69 per tola from SAR 6,095.09 per tola a day earlier.

Unit measure

Gold Price in SAR

1 Gram

519.87

10 Grams

5,198.72

Tola

6,063.69

Troy Ounce

16,169.69

FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold price (XAU/USD) tumbles to near a two-week low around $4,330 during the early Asian session on Wednesday. The precious metal faces some selling pressure on elevated Treasury yields and a stronger US Dollar (USD). 

US Treasury yields rose to their highest since January 2025 in the previous session as escalating tensions in the Middle East stoked inflation fears and triggered a global bond selloff. Bloomberg reported that the US and Iran traded a new round of attacks Tuesday, with American forces striking Iranian targets around the Strait of Hormuz and Tehran saying it had launched a retaliatory operation targeting US interests across the region.

It’s worth noting that rising interest rates and higher ‌yields on Treasuries typically weigh on gold as they raise ‌the opportunity cost of holding the non-yielding asset.

“We’re seeing some technical selling pressure... bond yields globally are at highs not seen in ‌years. So that’s all working to pressure the gold market,” said Jim Wyckoff, a market analyst at American Gold Exchange.

Additionally, hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole symposium might contribute to the yellow metal’s downside. Warsh warned last week that policymakers may need to tighten again if inflation fails to move convincingly towards 2%. Traders raise their bets on a September rate hike after Warsh’s comments.

The attention will shift to the US jobs data for August, which will be released later on Friday. This report could offer some clues about whether the Fed raises interest rates in September. Any signs of weakening in the US labour market could drag the Greenback lower and underpin the USD-denominated commodity price in the near term. 

Gold positioning holds firm as Fed chair Warsh turns more hawkishAccording to TD Securities, Fed Chair Warsh "struck a more hawkish tone in his Jackson Hole speech as he acknowledged the inflation concerns." Analysts at the bank note that, despite this shift in rhetoric, positioning in Gold has remained resilient, with investors seemingly looking through the renewed focus on inflation and potential future policy tightening.

Technical Analysis: Gold remains capped under the 100-day SMAIn the daily chart, XAU/USD stays bearish as spot holds beneath the 100-day simple moving average (SMA) and the Bollinger Bands’ 20-day middle band, suggesting rallies are being capped by these overlapping dynamic barriers. The Relative Strength Index (RSI) at 46.28 hovers just below its neutral midpoint, hinting at waning downside momentum but not yet signaling a convincing recovery.

On the topside, initial resistance appears at the 100-day SMA around $4,365, followed by the Bollinger middle band near $4,445, while a stronger bullish extension would target the upper Bollinger band at $4,695. On the downside, the lower Bollinger band at $4,192 provides the next noteworthy support zone, and a daily close below it would open the door to a deeper corrective leg toward lower psychological levels.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

Spot gold daily chart shows larger trend structure. Source: TradingView Failure Below $4,311 A decline below the recent higher swing low of $4,311 would signal a reversal of that advance and a failure of support at the trendline. That would increase the chance of a test of the prior lower swing high and the top of a consolidation bottom range at $4,203, along with the 50-day moving average near $4,216. Falling back below the uptrend line would put gold in a more vulnerable position, as it would begin to negate recent bullish price behavior that included the reclaim of key moving averages and a downtrend line two weeks ago.

Upside Case If Buyers Return If gold can continue to hold above support at $4,311 and then strengthen, another leg up toward the next higher target zone near $4,774 comes into play. Initial signs of strength would appear above the swing high of $4,450 and then the 200-day moving average, currently at $4,532. Given the decisive three-day decline in gold, however, support looks likely to be tested further before there are signs of buyers. Until they appear, Tuesday’s break below the moving averages still frames the near-term risk: the same confluence that absorbed the selloff must hold, or the August recovery begins to unwind.

If you’d like to know more about how to trade gold and silver, please visit our educational area.

Phase 1 initial reaction: Back in 2022 when the Federal Reserve initiated aggressive rate hikes—raising the target rate from 0.08% in Feb-22 to 3.08% in Oct-22 (a 3.00% absolute increase)—gold experienced immediate downside pressure.

Gold closed at $1,908 in Feb-22 (peaking around $1,937 in Mar-22 amid early geopolitical tensions) before dropping to a low of $1,633 in Oct-22.

This represents a decline of 14.4% ($275 drop), illustrating the traditional inverse reaction where higher opportunity costs and yields weigh down non-yielding bullion.

Phase 2: Delayed Real Reaction & Rally (Oct 2022 – Aug 2024)

Despite the Fed continuing to raise rates aggressively to 5.33% by Aug-23 and holding them at terminal levels through Aug-24 (an overall hike of 5.25 percentage points), gold reversed course and rallied sharply. From the Oct-22 bottom of $1,633, gold climbed to $2,503 by Aug-24. This marks a 53.3% rally (a $870 gain) during sustained rate hikes and elevated rates, accumulating a net gain of $607 (+32%) over the entire timeframe (Apr-22 to Aug-24 baseline).
​Key takeaway

While interest rate hikes create an immediate downward shock on gold, persistent high rates and yields eventually intensify fiscal pressure by inflating debt servicing costs and government deficits. Market expectations of long-term sovereign debt stress ultimate power a delayed, multi-year bull run in gold.

This dynamic starkly contrasts with the Volcker era of the early 1980s, when extreme interest rates near 20% effectively crushed gold prices long-term without triggering fiscal solvency concerns when government debt level was under control!

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Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 8,898.85 Philippine Pesos (PHP) per gram, down compared with the PHP 8,929.60 it cost on Monday.

The price for Gold decreased to PHP 103,794.30 per tola from PHP 104,153.00 per tola a day earlier.

Unit measure

Gold Price in PHP

1 Gram

8,898.85

10 Grams

88,988.37

Tola

103,794.30

Troy Ounce

276,787.20

FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices fell in United Arab Emirates on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 523.15 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 525.16 it cost on Monday.

The price for Gold decreased to AED 6,101.90 per tola from AED 6,125.38 per tola a day earlier.

Unit measure

Gold Price in AED

1 Gram

523.15

10 Grams

5,231.48

Tola

6,101.90

Troy Ounce

16,272.15

FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices fell in Malaysia on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 574.92 Malaysian Ringgits (MYR) per gram, down compared with the MYR 577.13 it cost on Monday.

The price for Gold decreased to MYR 6,705.82 per tola from MYR 6,731.49 per tola a day earlier.

Unit measure

Gold Price in MYR

1 Gram

574.92

10 Grams

5,749.26

Tola

6,705.82

Troy Ounce

17,881.98

FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold is replicating negative trades seen in Asia on Monday, as sellers return early Tuesday to challenge critical support just above the $4,400 level once again.

Gold struggles ahead of key US dataGold is fading the previous recovery from eight-day lows of $4,397, as the US Dollar (USD) rebounds sharply amid a risk-off market environment and rising US Treasury bond yields across the curve.

The Greenback continues to draw support from increased bets around a September Federal Reserve (Fed) interest rate hike, following Chairman Kevin Warsh’s explicit signal on Friday that rate hikes may be needed to curb inflation.

Markets are pricing in a 66% chance of such a move, up from 41% a week ago, according to the CME Group’s FedWatch Tool.

Additionally, the renewed outbreak of hostilities in the Middle East revives the geopolitical risk premium among traders, underpinning the safe-haven appeal of the USD and acting as a headwind for the Greenback-denominated bullion.

US President Donald Trump threatened further strikes against Iran on Monday after the first exchange of direct attacks in a month, while the United Kingdom Maritime Trade Operations (UKMTO) said that a tanker was reportedly ‌struck by three projectiles while sailing out ‌of the ‌Strait of Hormuz, 

Gold traders now look forward to a slew of US labor market data slated for release this week for fresh hints on the Fed’s monetary policy outlook.

The key US jobs data releases include ADP Employment Change and US Nonfarm Payrolls (NFP) due on Wednesday and Friday, respectively.

Meanwhile, the US JOLTS Job Openings Survey and ISM Manufacturing Employment Index, due later on Tuesday, will offer some incentives to Gold traders.

Beyond data, Middle East geopolitical developments will also remain in play.

Analysts at ING highlight that gold is "likely to remain sensitive to incoming US inflation and labour market data," with the near-term outlook still closely tied to the macro data calendar. They note that "central bank buying and geopolitical risks should continue to provide underlying support," but caution that "a stronger Dollar and higher-for-longer rate expectations could limit near-term upside momentum," suggesting that any rallies may struggle to gain sustained traction while US policy remains restrictive.

Gold price technical analysis: Daily chart

In the daily chart, XAU/USD trades at $4,431.95. The metal holds a bullish near-term bias as it climbs above the 21-day simple moving average (SMA) at $4,430.38, while also trading comfortably over the 50-day SMA at $4,217.99 and the 100-day SMA at $4,366.40, which collectively underpin the broader uptrend. The Relative Strength Index (RSI) at 52.96 sits in neutral territory, hinting at steady rather than aggressive upside momentum after the latest advance.

On the downside, immediate support aligns with the 21-day SMA near $4,430, followed by the 100-day SMA at about $4,366 and the 50-day SMA around $4,218, where buyers would be expected to re-emerge on deeper pullbacks. On the topside, initial resistance is defined by the 200-day SMA at $4,530.78; a sustained break above this longer-term average would open the door for a continuation of the bullish sequence toward fresh record highs.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Economic Indicator JOLTS Job Openings JOLTS Job Openings is a survey done by the US Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month.

Read more.

XAU/USD Current Price: $4,434The US Dollar resumed its advance amid escalating Middle East tensions. Federal Reserve Chair Kevin Warsh opened the door for a September rate hike. XAU/USD is bearish in the near term; the next downside hurdle is at $4,400.Spot Gold trades in the $4,430 price zone on Monday, extending its slide at the start of the week as the US Dollar (USD) surges amid renewed tensions in the Middle East. Over the weekend, Iran and the United States (US) crossed fire around the Strait of Hormuz following a few weeks of tense calm.

Speculation that the conflict will escalate, and hence, result in higher energy prices driving inflation to uncomfortable levels, favored the Greenback, particularly after Federal Reserve (Fed) Chair Kevin Warsh's comments.

Fed Chair Warsh expressed concerns about elevated inflation while hinting that interest rates may need to rise further during his participation in the Jackson Hole Symposium on Friday. “We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. Otherwise, we have work to do. That’s our job, our mandate and our charge to keep,” Warsh noted.

His words lifted the odds for a September rate hike, although some analysts speculate markets will have to wait until October to see it happening. The precious metal is then pressured, not only because of safety demand, but because the latter comes alongside mounting speculation the Fed will go for at least one interest rate hike before year-end.

XAU/USD Technical Outlook:In such a scenario, it is hard to imagine the Gold price returning to record levels. However, it does not necessarily mean XAU/USD will lose its reserve-currency status. Indeed, the near-term view favors lower lows, but there will always be buyers to take their chances on dips. The $4,000 psychological threshold, despite being pierced recently, should remain a strong long-term line in the sand. The bullish run has paused, and additional near-term slides are likely. XAU/USD needs to recover the $4,700 level to recover its bullish poise.

In the four-hour chart, XAU/USD turned bearish, as it holds below both the 100-period Simple Moving Average (SMA) at $4,478.95 and the 20-period SMA at $4,536.03. The metal still rests well above the 200-period SMA near $4,283.50, which provides strong support. Finally, the 14-period Momentum indicator heads firmly south below its midline, while the Relative Strength Index (RSI) index hovers near 32, reflecting sellers hold the grip.

In the daily chart, XAU/USD holds above both the 20-day SMA at $4,429.64 and the 100-day SMA at $4,370.36, suggesting a constructive near-term bias despite the broader consolidation. However, the 200-day SMA at $4,528.89 remains a key overhead barrier, while a mid-range Relative Strength Index (RSI) near 53 hints at price nearing an inflection point.

On the topside, initial resistance is seen at the 100-period SMA around $4,478.95, followed by a stronger cap at the 20-period SMA near $4,536.03, where sellers could reassert control if any rebound extends. On the downside, immediate support is located at the 20-day SMA at $4,429.64, with a deeper cushion at the 100-day SMA around $4,370.36.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

In this week’s Live from the Vault, Andrew Maguire is joined by Bill Holter to examine whether Trump's repost of Jim Rickards' $10,000 gold call signals something far bigger than a market comment, and what it means for gold and the dollar system.

The two precious metals experts examine why credit markets are beginning to crack, and why Bill believes any gold price target being discussed today will ultimately prove laughably low — including the ones that sound outrageous right now.

Timestamps:

00:00 - Start.

01:29 - Is Bessant's yield push a policy error - or a gold revaluation trigger?

05:12 - Why Trump reposting Jim Rickards' $10,000 gold call is no coincidence.

09:07 - How a weekend gold revaluation would wipe out rehypothecation overnight.

14:08 - AI cannot be built without silver - and the silver simply does not exist.

19:24 - How Hong Kong's exchange made the yuan directly convertible to gold.

24:01 - Enbridge: the escape hatch from the dollar system explained.

30:14 - Credit is cracking - and the only exit is physical gold and silver.

38:44 - Why any gold price target you hear today will prove laughably low.

43:02 - Could gold miners be nationalised? Bill makes the case.

49:28 - Get out of the system, and make your plan while you still can.

, /PRNewswire/ -- Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") provided an update today on the drill results from its ongoing surface in-fill diamond drilling program on the Las Brisas Target at its Zancudo Project in Colombia. The most notable intercept was achieved in drill hole ZM-210 which returned continuous Au mineralization over approximately 33 m from 203.0 m to 235.95 m grading 5.68 g/t Au, including 20.18 g/t Au over 3.10 m from 229.0 m to 232.10 m (Santa Catalina Splay) and 26.35 g/t Au over 2.50 m from 233.45 m to 235.95 m (Santa Catalina) with additional continuous intervals of 1 g/t to 6 g/t Au in the hanging wall and between the two main structures.

Map showing the location of the drill holes for the Las Brisas 2026 drilling campaign

3-D Structural sketch of the Las Brisas Target

Cross-section showing drill holes ZM-210 and ZM-213.

Long-section showing the ore-shoots on the Manto Antiguo structure

Long-section showing the ore-shoots on the Santa Catalina structure Serafino Iacono, Executive Chairman of Denarius Metals, commented, "The thick, high-grade interval in ZM-210, the hanging-wall mineralization and the emerging Manto Antiguo Lower structure, all identified in the latest round of drilling, continue to demonstrate the high-grade continuity and upside of the Santa Catalina and Manto Antiguo systems and the potential for resource growth at our Zancudo Project".

The results announced today have been received from the final assays for additional 8 drill holes from the Las Brisas Target totaling approximately 1,610 meters, bringing the total drilling completed to date at the Zancudo Project to 2,270 meters in 12 drill holes. This press release presents complete results from drill holes ZM-200 through ZM-206, and preliminary Au results for drill hole ZM-210, which were drilled as in-fill holes from platforms IF-08, IF-12 and IF-05 to primarily test the Manto Antiguo and Santa Catalina structures. Approximately 40% of the total surface in-fill drilling program at the Las Brisas Target for this year has been completed by mid-August, the cut-off date for results reported in this press release. The 2026 drilling program aims to tighten drill spacing within the Las Brisas Target to 50 meters between drill centers, allowing for the potential reclassification of resources to higher confidence classification categories in the next mineral resource update.

Other Key Intercepts Reported in the Latest Drilling Results

7.40 g/t Au and 437.8 g/t Ag over 1.02 m from 156.58 m to 157.60 m, hole ZM-200 (Santa Catalina Faulted Block), including 20.70 g/t Au and 1,388.8 g/t Ag over 0.32 m from 156.58 m to 156.90 m. 7.85 g/t Au and 167 g/t Ag over 2.3 m from 143.25 m to 145.55 m, hole ZM-201 (Manto Antiguo), including 10.72 g/t Au and 247.0 g/t Ag over 0.85 m from 143.25 m to 144.10 m, and 7.20 g/t Au and 137.9 g/t Ag over 1.10 m from 144.45 m to 145.55 m. 15.23 g/t Au and 38.4 g/t Ag over 1.35 m from 132.80 m to 134.15 m, hole ZM-206 (Manto Antiguo Splay), including 33.70 g/t Au and 61.8 g/t Ag over 0.54 m from 133.61 m to 134.15 m. 41.82 g/t Au and 36.1 g/t Ag over 1.00 m from 33.17 m to 34.17 m, hole ZM-205 (near surface unknown structure), including 108.90 g/t Au and 89 g/t Ag over 0.38 m from 33.17 m to 33.55 m. A local dextral reverse fault has been interpreted in the southern portion of the Las Brisas Target (drilled from platform IF12). This explains repetition of the mineralized structures and host rocks and has implications for domain modeling and future resource estimation. Significant intercepts of the subparallel Manto Antiguo Lower structure support its potential to contribute additional Indicated Resources. Las Brisas Target – Details of the Latest Drilling Results

The Las Brisas Target represents an unexploited block within the Manto Antiguo structure preserved by past mining. The in-fill drilling program for the Las Brisas Target has been designed at 50x50 meters drill centers from eight platforms (IF-5 to IF-12) aimed at better delineating and confirming the consistency of mineralization on the orebodies outlined by previous drilling on the Manto Antiguo and Santa Catalina structures, of which the Manto Antiguo orebody is controlled by the intersection of the Manto Antiguo and Santa Catalina structures and which usually shows wider and higher-grade intercepts. Drill hole ZM-210, based on the initial Au results, has outlined the potential for a wide mineralized zone in the hanging wall of the Santa Catalina structure, hosted in a sedimentary interval bounded by schists on both sides. An adjacent drill hole (ZM-213) is in process to follow up on this potential mineralized zone. Drilling carried out from platform IF-12 has allowed the identification of a dextral reverse fault based on the repetition of the lithological sequence that usually hosts the Santa Catalina mineralized structure, which comprises an andesitic dike and the tectonic contact between the sedimentary sequence and the chloritic schist. The interpreted reverse fault plane strikes NE-SW, with a shallow dip to the W, which results in offsetting the Santa Catalina, Manto Antiguo and Manto Antiguo Lower structures by approximately 40 meters. The mineralization characteristics, such as the presence of pyrite, arsenopyrite, galena, and sphalerite, as well as the same type of alteration, are preserved on both sides of the fault zone in all the known mineralized structures, providing a basis for supporting their continuity across both blocks. The continuity of the structures to the west of this area will be corroborated by the designed brownfield drilling to be carried out later this year. Drilling carried out from platform IF-12 was successful in confirming and extending to the SE the high-grade nature of the orebody outlined by previous drilling on the Manto Antiguo structure. Multiple high gold grades were intersected with maximum intersection grades of 10.72 g/t Au and 247.0 g/t Ag over 0.85 meters (ZM-201) and 16.65 g/t Au and 48.0 g/t Ag over 0.30 meters on Manto Antiguo (ZM-206). High-grade mineralization associated with Manto Antiguo remains open down-plunge and will be targeted by additional drill holes planned on the same platform. Drilling carried out from platform IF-12 also intersected multiple mineralized structures such as Santa Catalina and Manto Antiguo Lower, confirming the presence of high-grade mineralization on Santa Catalina and extending the mineralization on Manto Antiguo Lower to the interpreted reverse fault. Multiple high gold grades were intersected with maximum intersection grades of 20.70 g/t Au and 1,388.8 g/t Ag over 0.32 meters on Santa Catalina Faulted Block (ZM-200) and 7.90 g/t Au and 66.9 g/t Ag over 0.30 meters on Santa Catalina (ZM-201). Both mineralized intersections fall into an area of the block model that currently shows very low grade, opening up a new scenario for further evaluation. The following table lists the key intervals and sub-intervals from the ongoing Las Brisas in-fill program, since the previous press release issued on July 6, 2026, with grades >4 g/t AuEq cut-off associated with main intervals that, in some cases, might not meet the >4 g/t AuEq cut-off:

Year

Target

Hole ID

Structure

From
(m)

To (m)

Length
(m)

Au (g/t)

Ag (g/t)

AuEq
(g/t)

2026

Las Brisas

ZM-200

Santa Catalina

128.30

130.30

2.00

1.77

46.6

2.35

Including

128.30

128.75

0.45

4.43

82.4

5.46

Santa Catalina Faulted Block

156.58

157.60

1.02

7.40

437.8

12.86

Including

156.58

156.90

0.32

20.70

1,388.8

38.04

ZM-201

Santa Catalina

96.15

97.20

1.05

3.04

23.6

3.33

Including

96.15

96.50

0.35

7.90

66.9

8.73

Unknown

106.20

106.80

0.60

2.78

7.6

2.87

Including

106.50

106.80

0.30

4.12

12.1

4.27

Manto Antiguo

143.25

145.55

2.30

7.85

167.0

9.90

Including

143.25

144.10

0.85

10.72

247.0

13.80

Including

144.45

145.55

1.10

7.20

137.9

8.90

ZM-202

Manto Antiguo Lower Faulted Block

219.90

221.40

1.50

3.69

11.6

3.83

Including

219.90

220.20

0.30

8.04

25.3

8.36

Including

220.90

221.40

0.50

5.39

13.9

5.56

ZM-204

Santa Catalina

95.53

96.53

1.00

2.10

64.0

2.90

Including

95.53

95.83

0.30

3.78

198.0

6.26

Manto Antiguo

154.41

155.56

1.15

3.60

55.0

4.21

Including

155.16

155.56

0.40

4.26

23.0

4.54

ZM-205

Unknown

33.17

34.17

1.00

41.82

36.1

42.27

Including

33.17

33.55

0.38

108.90

89.0

110.01

Manto Antiguo

154.39

155.40

1.01

3.75

4.0

3.80

Including

154.69

154.99

0.30

12.23

9.3

12.34

Manto Antiguo Lower

194.88

195.88

1.00

1.91

4.1

1.96

Including

194.88

195.18

0.30

6.34

12.1

6.49

ZM-206

Manto Antiguo Splay

132.80

134.15

1.35

15.23

38.4

15.67

Including

133.61

134.15

0.54

33.70

61.8

34.47

Manto Antiguo

137.40

140.10

2.70

4.42

21.7

4.69

Including

137.40

137.70

0.30

7.16

40.2

7.66

Including

139.80

140.10

0.30

16.65

48.0

17.25

Unknown

158.50

159.50

1.00

2.87

23.1

3.15

Including

158.50

159.05

0.55

5.17

41.2

5.68

ZM-210

Santa Catalina Zone

203.00

235.95

32.95

5.68

* (5)

* (5)

Santa Catalina Splay

Including

229.0

232.10

3.10

20.18

* (5)

* (5)

Santa Catalina

Including

233.45

235.95

2.50

26.35

* (5)

* (5)

Notes to Las Brisas table:

(1)

The intervals are core lengths. The true widths are estimated to be 80% to 90% of the lengths.

(2)

Equivalent gold grades (AuEq g/t) were calculated using prices of US$3,200/oz gold and US$40.00/oz silver. Gold equivalent formula: AuEq = Au + (Ag / (Au Price/Ag Price)).

(3)

"Unknown": new structure that doesn't correlate with any of the known structures/veins.

(4)

There are no results above cut-off grade for drillhole ZM-203 and it is not listed in the table.

(5)

Ag results for drill hole ZM-210 are still pending.

Please refer also to the attached illustrative images 1 to 5 showing the location of the drill holes reported herein from the 2026 drilling campaign along with a sketch of the main structures for the Las Brisas Target, a cross-section showing drill holes ZM-210 and ZM-213, and two long sections showing intercept locations for the Manto Antiguo and Santa Catalina structures.

Manto Antiguo and Santa Catalina Structures

The Manto Antiguo structure, which was the main structure historically mined, is interpreted as a WNW-ESE trending brecciated manto-type structure that merges into the footwall of the Santa Catalina structure. The northerly-trending Santa Catalina structure, which dips steeply to the east near surface and gently at depth, is interpreted as a mineralized master fault structure and feeder of mineralization for the entire vein system. In the footwall of the Santa Catalina structure, below Manto Antiguo, lies another manto-type structure called Manto Antiguo Lower, which exhibits the same characteristics as Manto Antiguo, being usually narrow and having a typical breccia texture with incipient quartz-sulphide banding and milled wall rock clasts. The mineralization consists of pyrite, arsenopyrite, sphalerite and galena. Fragments of argillic-altered schist are observed, which host pyrite veinlets.

2026 Drilling Program

The 2026 drill program comprises a planned total of 15,100 meters on several target areas within the Zancudo Project, including Las Brisas, El Castano, Independencia Mine and brownfield. The 2026 drill program has been designed to deliver important data for further resource modelling, mine planning and optimization of production stope design to guide our mine development programs as Denarius Metals ramps up mining activities at Zancudo in 2026 and 2027 to feed the Project's new 1,000 tonnes per day flotation processing plant that is currently under construction and expected to be operating later this year.

Qualified Person

Mr. Scott E. Wilson, CPG, President of Resource Development Associates ("RDA"), has reviewed, verified and approved the technical information summarized in this news release, including the sampling, preparation, security and analytical procedures underlying such information, and is not aware of any significant risks and uncertainties that could be expected to affect reliability or confidence in the information discussed herein. Mr. Wilson is an independent consulting geologist specializing in Mineral Reserve and Resource calculation reporting, mining project analysis and due diligence evaluations. Mr. Wilson conducted a personal inspection of the Zancudo Project on June 2-3, 2026. Mr. Wilson has over 36 years of experience in the mining industry and is a Registered Member (4025107RM) of Society for Mining, Metallurgy and Exploration, Inc. Mr. Wilson and RDA are independent of the Company under NI 43-101.

Quality Assurance and Quality Control

All the core samples were prepared and assayed for Au by Actlabs Laboratories Ltd (ISO 9001:2015) at their laboratory in Zona Franca Rionegro, Antioquia, Colombia, by 50 g fire assay with atomic absorption spectrophotometer ("AAS") finish. Subsequently, the pulps were shipped to their laboratory in Ancaster, Ontario, Canada (ISO/IEC 17025) for multi-element analysis by Agua Regia-ICP-OES. Samples above the upper detection limit of 5.0 g/t gold were re-assayed by 30 g fire assay with gravimetric finish, while silver and base metals were analyzed in a multi element analysis by partial digestion and ICP-OES finish. Blank, standard and duplicate samples were routinely inserted and monitored for quality assurance and quality control.

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".

In Colombia, Denarius Metals is producing gold and silver in an "early production" phase at its 100%-owned Zancudo Project while it completes construction of a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates in the fourth quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is located in the Cauca Belt, about 30 km southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21.8% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.

Denarius Metals entered into a strategic collaboration in early 2026 as JV partners with ProGrowth Ltd. Company, a Saudi-based diversified group of companies, focused on the processing, smelting and commercialization of material sourced from the Company's projects and to identify, acquire, develop and operate gold and nickel mining concessions within the Kingdom of Saudi Arabia.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including exploration programs, expected exploration results, mineral resource estimates, potential mineralized zones and the potential for resource growth. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2026 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Attachment 1 – Map showing the location of the drill holes for the Las Brisas 2026 drilling campaign

Notes:

(1)

This press release includes complete results from drill holes ZM-200 through ZM-206, and preliminary Au results for drill hole ZM-210, which were drilled as in-fill holes from platforms IF-08, IF-12 and IF-05.

(2)

The results from drill holes ZM-195 through ZM-199, which were drilled as in-fill holes from platform IF-07, were included in the Company's press release dated July 6, 2026.

Attachment 2 – 3-D Structural sketch of the Las Brisas Target 

Attachment 3 – Cross-section showing drill holes ZM-210 and ZM-213.

Attachment 4 – Long-section showing the ore-shoots on the Manto Antiguo structure

Attachment 5 – Long-section showing the ore-shoots on the Santa Catalina structure

SOURCE Denarius Metals Corp.

 | Source: Sonoro Gold Corp.

VANCOUVER, Canada, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Sonoro Gold Corp. (TSXV: SGO | OTCQB: SMOFF | FRA: 23SP) (“Sonoro” or the “Company”) is pleased to announce that its wholly owned Mexican subsidiary, Minera Mar de Plata (“MMP”), has completed the acquisition of additional mineral concessions located adjacent to the Company’s Cerro Caliche gold project in Sonora, Mexico.

As previously announced on May 12, 2026, the Company executed Letters of Intent to acquire a 100% interest in 23 mineral concessions and up to a 51% interest in five additional mineral concessions.

The completed acquisition is a strategic opportunity to potentially demonstrate the Cerro Caliche project as being part of a larger gold epithermal system, with wide-scale potential to host multiple mineralized zones. Historical data from multiple exploration programs conducted on and surrounding the newly acquired mineral concessions suggest geological, structural and mineralization characteristics similar to those identified at Cerro Caliche.

The map below illustrates the recently acquired concessions at Cerro Caliche.

Figure 1: Map of Cerro Caliche Mining Concessions

Click here to view image

Kenneth MacLeod, President and CEO of Sonoro Gold, commented, “The recent expansions at Cerro Caliche provide us with the potential to materially enhance the scope and scale of the project. Our current 50,000 metre drilling program is focused on potentially increasing the size, grade and classification of the project’s mineral resource, as well as investigating the expected continuation of the mineralized corridors into these new concessions.”

TRANSACTION SUMMARY

Vendors are at arm’s length to the Company, its associates and affiliates and the purchase consideration does not include the issuance of any securities, nor any grant of a royalty interest. 100% interest in 23 mineral concessions over 4,239.10 hectares (ha) for total consideration of USD $5.17 million to be paid in installments over 18 months. MMP assumes certain liabilities of outstanding mineral concession fees totaling approximately USD $990,000. 51% interest in five mineral concessions over 453.91 ha for a total commitment of up to USD $9M in exploration and development expenditures. Since January 2026, Cerro Caliche has been strategically expanded from 1,350-hectares to 8,215-hectares, plus a 51% interest in another 454 hectares.

The Cerro Caliche gold project is in the final permitting stage for a proposed initial open-pit, heap leach mining operation.

An updated 2026 PEA on the original 1,350 ha Cerro Caliche property demonstrates the potential viability for a ten-year open pit, heap leach mining operation at 16,000 tpd. Based on approximately 30% of the known mineralized zones identified on the original property and utilizing a gold price of USD $3,500 per ounce, the report highlights an after tax NPV8 of USD $224M and an IRR of 50%.

About Sonoro Gold Corp.

Sonoro Gold Corp. is a publicly listed exploration and development Company holding the development-stage Cerro Caliche project and the exploration-stage San Marcial project in Sonora State, Mexico. The Company has highly experienced operational and management teams with proven track records for the discovery and development of natural resource deposits.

To keep up-to-date on Sonoro’s developments, please join our online communities on X, Facebook, LinkedIn, Instagram, and YouTube and visit Sonoro’s website and subscribe to receive the latest news and updates delivered straight to your inbox.

On behalf of the Board of SONORO GOLD CORP.
Per:  “Kenneth MacLeod”
           Kenneth MacLeod
           President & CEO

For further information, please contact: 
Sonoro Gold Corp. - Tel: (604) 632-1764
Email: [email protected]

Forward-Looking Statement Cautions:
This press release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including the potential for newly acquired mineral concessions to demonstrate the Cerro Caliche project as part of a larger gold epithermal system, with wide-scale potential to host multiple mineralized zones, the Company’s plan to complete extensive exploration campaigns on the newly acquired concessions, permitting for and viability of a proposed open-pit, heap leach mining operation at Cerro Caliche, all as part of the  future plans and objectives of the Company, constitute forward looking information that involve various risks and uncertainties, including statements regarding project permitting and the Company’s intention to develop and operate the proposed Cerro Caliche gold mine. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective" and similar expressions, or that events or conditions "will", "would", "may", "can”, "could" or "should" occur, or are those statements, which, by their nature, refer to future events.  The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility of unfavorable exploration and test results, the lack of sufficient future financing to carry out exploration and development plans and unanticipated changes in the legal, regulatory and permitting requirements for the Company’s exploration programs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company’s complete public disclosure record on SEDAR at www.sedar.com.

This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons, as such term is defined in Regulation S under the Securities Act (“Regulation S”), except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.”

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Gold (XAU/USD) shows marginal gains on Monday, with price action hovering around $4.450 at the time of writing yet unable to take off from last week’s lows in the $4,400 area after depreciating more than 4% late last week. Rising bets that the Federal Reserve (Fed) will hike interest rates in September, coupled with the resumption of hostilities in Iran, are buoying the US Dollar and weighing on precious metals.

Bullion tanked on Friday as Fed Chairman Kevin Warsh conveyed an unexpectedly hawkish message at the Jackson Hole summit. Warsh urged policymakers to focus on prices, and said that the central bank has “work to do” to bring inflation to the bank’s 2% target. Investors ramped up bets of a September hike to 61% from 36% the day before, according to the CME’s FedWatch Tool.

Apart from that, the US and Iran exchanged attacks on Sunday to put an end to about one month of a tense truce. The US military attacked the Iranian island of Larak on Sunday, where the Islamic Revolutionary Guard Corps (IRGC) were allegedly preparing missiles to place sea mines in the Strait of Hormuz. Tehran responded by targeting US airbases in Jordan and the United Arab Emirates. The risk-off reaction has underpinned support to the safe-haven US Dollar.

Technical Analysis: Bears gain confidence below the 200-day SMA

XAU/USD trades at $4,450 after an impulsive reversal on Friday that pushed price action below the 200-day simple moving average (SMA) at $4,528. This is a very popular indicator for traders, and Friday's clear move below it gives fresh hope for bears.

Momentum indicators in the bearish charts show a neutral-to-negative stance, with the Relative Strength Index (RSI) at 54.36 easing into a more neutral zone and the Moving Average Convergence Divergence (MACD) indicator drifting into negative territory, which hints at waning upside momentum and scope for further consolidation or downside probes.

Immediate support is seen at Friday's floor in the $4,400 area, followed by the August 14 low near $4,310 and the August 6 low, near $4,225. Bulls, on the other hand, are likely to be challenged at the mentioned 200-day SMA, at $4,528, and the August 27 low near $4,565 ahead of last week's highs, near $4,700.;

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

ING’s commodities team, led by Warren Patterson and Ewa Manthey, reports that Gold came under pressure after Federal Reserve Chair Kevin Warsh reinforced a higher-for-longer rates narrative, supporting the Dollar. They add that upcoming US inflation and labour data, central bank buying and geopolitics will shape Gold’s near-term performance, with upside seen as constrained by rate expectations.

Dollar strength weighs on bullion"Gold came under pressure on Friday after Federal Reserve Chair Kevin Warsh signalled that policymakers remain focused on returning inflation to the 2% target. This dampens expectations for an imminent easing in monetary policy. The comments supported the US dollar and weighed on gold prices."

"Warsh stressed that inflation progress remains insufficient and reiterated that interest rates remain the Fed's primary tool for achieving its objectives. Markets interpreted the remarks as reinforcing a higher-for-longer rates outlook, which tends to weigh on non-yielding assets such as gold."

"Gold is likely to remain sensitive to incoming US inflation and labour market data. While central bank buying and geopolitical risks should continue to provide underlying support, a stronger dollar and higher-for-longer rate expectations could limit near-term upside momentum."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Gold prices fell in Philippines on Monday, according to data compiled by FXStreet.

The price for Gold stood at 8,881.94 Philippine Pesos (PHP) per gram, down compared with the PHP 8,944.38 it cost on Friday.

The price for Gold decreased to PHP 103,599.20 per tola from PHP 104,325.50 per tola on Friday.

Unit measure

Gold Price in PHP

1 Gram

8,881.94

10 Grams

88,821.34

Tola

103,599.20

Troy Ounce

276,266.40

FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices fell in India on Monday, according to data compiled by FXStreet.

The price for Gold stood at 13,546.67 Indian Rupees (INR) per gram, down compared with the INR 13,671.07 it cost on Friday.

The price for Gold decreased to INR 157,995.90 per tola from INR 159,456.70 per tola on friday.

Unit measure

Gold Price in INR

1 Gram

13,546.67

10 Grams

135,459.30

Tola

157,995.90

Troy Ounce

421,372.20

FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Precious metals markets have been rattled by investors' concerns over higher inflationary readings and the likelihood of Federal Reserve monetary tightening. Yet, over the past month, gold prices have climbed from around $4,000 per ounce to nearly $4,700 in the latter half of August. Most analysts attribute this surge to the U.S. debt reaching the $40 trillion mark, but the bond market has also played a significant role in this price recovery.

The Federal Reserve Here are a few quotes from the Fed: "The Fed's price-stability objective of 2 percent, as measured by the personal consumption expenditures (PCE) price index, is a firm, fixed target. Let's be equally clear about another aspect of the objective: Price stability is not self-executing, nor is inflation necessarily mean-reverting. It is the Fed's job to deliver stable prices." Additionally, in an interview at Jackson Hole, Cleveland Federal Reserve Bank President Beth Hammack stated: "I don't want to prejudge anything. But I believe now is the time to act." She also added, "I believe that we've been in an inflationary situation for more than five years. It's been running well above our target. I don't see any restriction in policy when I look at financial conditions and when I talk to market participants." In other words, the Federal Reserve's primary focus is currently on inflation. Thus, it appears clear that the Fed's stance is hawkish, and it is likely to tighten monetary policies soon and decisively. The Fed's position will only shift if the U.S. economy encounters serious hardships.

However, the unemployment rate - another key economic indicator - is not low enough to signal robust economic growth.

The US unemployment rate

Source: Trading EconomicsThe U.S. unemployment rate remains substantially above the low reached in 2023, currently hovering above 4%.

Moreover, consumer spending is not expanding either, as evidenced by the retail sales data presented below; in fact, retail sales contracted in July of this year.

Retail sales

Source: Trading EconomicsAlso, both manufacturing and non-manufacturing Purchasing Managers' Indices (PMIs) indicate very modest economic growth.

Manufacturing PMI reported by the ISM

Source: Trading EconomicsServices PMI reported by the ISM

Source: Trading EconomicsShould monetary conditions tighten further, the growth rate is likely to decelerate or even turn negative.

If the Fed tightens too aggressively, the U.S. economy is likely to slip into a recession. Moreover, higher interest rates would make servicing the U.S. debt considerably more expensive, especially given that the national debt has reached the $40 trillion threshold.

Even though the monetary environment may seem contractionary, the U.S. government has recently reported an exceedingly high debt level. It is well known that high government debt leads to currency debasement due to the expanding money supply. At the same time, such a hefty government debt is costly to service. Therefore, if the Fed raises interest rates, interest expenses will escalate further, boosting government expenditures and widening budget deficits. To manage the debt, the Fed would likely have to print more dollars to buy back Treasuries, which would also push down government bond yields - a necessity given the current debt predicament. This is exactly what is unfolding in the U.S. bond market right now.

The bond market Additionally, as I have discussed in previous articles, demand for U.S. debt is declining rapidly. Recently, Japan sold off some of its U.S. Treasury holdings to support the yen. Consequently, bond yields are rising, which increases interest expenses - a problematic trend given the U.S. national debt's $40 trillion milestone. This is why Treasury Secretary Scott Bessent announced that the Treasury would buy U.S. bonds to curb rising yields. This approach closely resembles a quantitative easing (QE) program, which is currently taking place despite the Fed's hawkish rhetoric.

What does this mean for Gold? Despite the Fed's hawkish stance and its potential negative impact on precious metals prices, the U.S. debt is surging while Treasuries lose their appeal. This situation makes a quantitative easing program necessary to keep debt servicing manageable. Quantitative easing entails money printing, which exacerbates currency devaluation and makes precious metals more attractive to investors - a trend that is likely emerging now. Therefore, even if the Fed raises interest rates, gold prices are still likely to rise as long as the Fed buys back Treasuries.

The price of Gold’s 3% Warsh-driven selloff has put Crédit Agricole’s $5,000 year-end forecast to a tougher test, but the bank’s debasement thesis remains intact. The Gold price in US Dollars (XAU/USD) ended Friday around $4,457 after Fed Chair Kevin Warsh’s Jackson Hole speech triggered the sharpest setback of the recent rally.

Gold fell 2.99% on Friday and is now almost $240 below August’s $4,696 high, although bullion still gained more than 10% over the month.

Warsh warned that the Fed still had “work to do” unless inflation moved convincingly towards 2%, sending September rate-hike expectations sharply higher and pushing the Dollar up. Gold subsequently suffered a heavy rate-driven selloff.

That move cuts directly across the near-term argument behind Crédit Agricole’s bullish call, but not necessarily the structural one.

The bank says gold has become “one of the key beneficiaries” of efforts by Washington to restrain long-dated Treasury yields, which worsened “the risk-reward trade-off for UST investors” and increased bullion’s appeal as a safe haven.

Crédit Agricole argues that these policy moves have “fanned US inflation fears and lowered US real yields”, strengthening gold’s role as a currency-debasement hedge.

It also sees geopolitics feeding the same trend, with the weaponisation of the Dollar through sanctions encouraging renewed reserve diversification.

“We remain long XAU/USD as a trade idea,” the bank says, adding that it continues to forecast gold at $5,000 by year-end with further gains in 2027.

Image: Gold price in US Dollars one-month chart The chart shows gold rallied from around $4,025 to nearly $4,700 before Friday’s collapse took it back towards its rising 20-day moving average.

We recently highlighted the return of ETF and futures buyers to gold, while BofA’s separate $5,000 forecast sits on a longer 2027 horizon.

Crédit Agricole’s call is more demanding.

From $4,457, a year-end move to $5,000 requires roughly 12% upside.

Warsh has made that path harder, but the bank’s forecast was always built on fiscal, Treasury and de-dollarisation risks as much as Fed easing.

Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.

Gold – Chart Despite pulling back to the upper boundary of a rising channel $4,633, gold is holding above the 50-EMA at $4,569 and the 100-EMA at $4,493 on the 2-hour chart. This shows that the correction does not threaten the overall bullish structure. Bears have been unable to push price below $4,619 and $4,567 thus far. This further supports the bullish structure. A rejection at the level of $4,696 signifies that the bears have returned, but this is likely to be a short-term setback as buyers defend the higher-low structure.

The RSI, currently sitting at 55, reflects that price momentum has shifted from being overbought and is now in a neutral range. Price may trade around support at $4,619 and below, at $4,567, $4,508 and $4,448. If previous support is broken price may continue to fall. Resistance levels may be found at $4,696 and above at $4,756, $4,812.

According to my analysis, there is a bullish trend as long as gold holds $4,619. A break above $4,696 may be followed by further buying up to the levels of $4,756 to $4,812. Conversely, if price breaks below $4,567, a deeper consolidation may happen around $4,508.

Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 9,177.82 Philippine Pesos (PHP) per gram, down compared with the PHP 9,229.52 it cost on Monday.

The price for Gold decreased to PHP 107,049.30 per tola from PHP 107,651.40 per tola a day earlier.

Unit measure

Gold Price in PHP

1 Gram

9,177.82

10 Grams

91,778.73

Tola

107,049.30

Troy Ounce

285,458.50

FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices fell in Malaysia on Tuesday, according to data compiled by FXStreet.

The price for Gold stood at 602.73 Malaysian Ringgits (MYR) per gram, down compared with the MYR 605.33 it cost on Monday.

The price for Gold decreased to MYR 7,029.83 per tola from MYR 7,060.45 per tola a day earlier.

Unit measure

Gold Price in MYR

1 Gram

602.73

10 Grams

6,026.89

Tola

7,029.83

Troy Ounce

18,746.96

FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

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