Skip to main content
Philip Wilkinson

Philip Wilkinson

Co-Founder & Senior Analyst

Philip has been buying physical gold since 2008 and knows from the inside how affiliate revenue shapes comparison rankings. He mostly writes our investing guides

Gold Investment Portfolio Strategy UK Tax Rules

Articles by Philip (71)

Featured image for article: Gold Dip Draws Central Bank Buyers - Again
Macro & Policy

Gold Dip Draws Central Bank Buyers - Again

With gold trading near $4,440 per ounce, the familiar pattern of central banks stepping in on pullbacks is reinforcing a structural floor that makes every dip look increasingly temporary.

Featured image for article: Gold Eyes $4,550 as Crashing Oil Revives Safe-Haven Bid
Price Moves

Gold Eyes $4,550 as Crashing Oil Revives Safe-Haven Bid

A sharp slide in crude oil prices is channelling fresh capital into gold, with the metal rebounding toward $4,550 as investors rotate out of risk assets and into traditional stores of value.

Featured image for article: Silver's Real Asset Tailwind Builds - Even at $69
Macro & Policy

Silver's Real Asset Tailwind Builds - Even at $69

Silver near $69 an ounce is drawing fresh institutional conviction as the macro case for real assets strengthens on multiple fronts simultaneously.

Featured image for article: Gold's Safe-Haven Myth Exposed by Iran Crisis
Macro & Policy

Gold's Safe-Haven Myth Exposed by Iran Crisis

Despite escalating tensions with Iran, gold at $4,574 has flatlined when it should be surging - forcing a rethink of what actually drives the metal in 2026.

Featured image for article: Gold Faces Rare Threat - A Central Bank Seller
Macro & Policy

Gold Faces Rare Threat - A Central Bank Seller

Turkey's central bank is weighing the liquidation of gold reserves to defend the lira, a move that would flip one of gold's biggest buyers into a seller and test the metal's resilience near $4,400.

Featured image for article: Gold Holds Above $4,300 as Central Banks Widen Buying Circle
Macro & Policy

Gold Holds Above $4,300 as Central Banks Widen Buying Circle

The World Gold Council expects more central banks to join the gold-buying trend in 2026, reinforcing a structural demand shift that has helped push prices to levels unthinkable just two years ago.

Featured image for article: Gold Drops Despite Iran War - Why Safe Havens Fail
Macro & Policy

Gold Drops Despite Iran War - Why Safe Havens Fail

Gold's failure to rally during a major geopolitical conflict challenges the metal's safe-haven reputation, but the explanation lies in how modern wars interact with dollar strength and liquidity.

Featured image for article: Gold Miners Face a Margin Squeeze Despite $4,400 Prices
Price Moves

Gold Miners Face a Margin Squeeze Despite $4,400 Prices

Gold sitting above $4,400 an ounce should be a dream scenario for miners, but surging energy costs and operational inflation are eroding the very margins that elevated prices were supposed to protect.

Featured image for article: Gold Suffers Worst Weekly Drop in 40 Years
Price Moves

Gold Suffers Worst Weekly Drop in 40 Years

Gold has plunged to a four-month low near $4,239 as surging oil prices and escalating Middle East tensions trigger the most brutal weekly selloff since the mid-1980s, upending the metal's traditional.

Featured image for article: Gold's Worst Week Since 1983 - Despite a World on Edge
Price Moves

Gold's Worst Week Since 1983 - Despite a World on Edge

Gold has shed hundreds of dollars in its sharpest weekly decline in over four decades, breaking the metal's long-standing role as the go-to hedge when geopolitical risk flares.

Featured image for article: Gold Drops 8% Despite Iran Escalation - Why?
Macro & Policy

Gold Drops 8% Despite Iran Escalation - Why?

A week that should have sent gold soaring instead saw the metal shed over $400 as oil captured the geopolitical bid and precious metals buckled under broader liquidation pressure.

Featured image for article: Gold Supply Squeeze Gets a Policy Lifeline in Idaho
Macro & Policy

Gold Supply Squeeze Gets a Policy Lifeline in Idaho

Liberty Gold's Black Pine project has secured FAST-41 permitting alignment - a federal fast-track mechanism that could shave years off the development timeline for one of the largest undeveloped gold.

Featured image for article: Weekly Precious Metals Roundup
Weekly Roundup

Week in Metals: Gold and Silver Suffer Brutal Rout

Gold plunged 8.4% and silver cratered 13.2% in the worst week for precious metals since 2011, driven by hawkish Fed signals and massive ETF outflows.

Featured image for article: Gold Faces Steep Weekly Loss as Iran War Reshapes Rate Bets
Macro & Policy

Gold Faces Steep Weekly Loss as Iran War Reshapes Rate Bets

Gold is tracking its sharpest weekly decline in months as the Iran conflict forces markets to reprice rate cut expectations - punishing the metal that was supposed to thrive on geopolitical chaos.

Featured image for article: Gold's Path to $6,000 - And the Case for Five Digits
Data & Analysis

Gold's Path to $6,000 - And the Case for Five Digits

With gold trading above $4,660, the $6,000 target that once sounded extreme now sits barely 29% away - and the real question is what happens if institutional faith in the global financial.

Featured image for article: Gold Faces Rate Headwinds as BoE Holds Steady
Macro & Policy

Gold Faces Rate Headwinds as BoE Holds Steady

A cluster of central bank decisions this week - with the Bank of England holding rates unchanged - is reinforcing a higher-for-longer interest rate environment that poses a near-term challenge for.

Featured image for article: Gold Nears $4,712 While Europe Braces for Rate Decisions
Price Moves

Gold Nears $4,712 While Europe Braces for Rate Decisions

Gold is holding near all-time highs above $4,700 as a cluster of central bank rate decisions this week forces European investors to recalibrate their positioning across precious metals.

Featured image for article: Silver Drops 14% While Gold Holds - A Ratio Reset
Price Moves

Silver Drops 14% While Gold Holds - A Ratio Reset

Silver's sharp sell-off has outpaced gold's decline by a factor of two, compressing the gold-silver ratio to 65.7 and exposing just how fragile speculative positioning in the white metal had become.

Interactive money flow map showing capital movement across asset classes in March 2026
Thought Piece

The Money Flow Map: where capital is actually moving

Everything is selling off - but money doesn't disappear. It moves. Here's the interactive map of where capital is flowing in March 2026.

Featured image for article: Gold Holds Near $5,000 as Fed and Iran Collide
Macro & Policy

Gold Holds Near $5,000 as Fed and Iran Collide

Gold is consolidating just below the $5,000 barrier with traders caught between escalating Middle East tensions and a Federal Reserve decision that could reshape rate expectations within hours.

Featured image for article: Gold at $5,000 - Finally Acting Like a Haven Again
Macro & Policy

Gold at $5,000 - Finally Acting Like a Haven Again

After years of defying traditional correlations, gold's rally back above $5,000 is being driven by exactly the force it was always supposed to respond to - inflation fear.

Featured image for article: Gold Nears $5,000 as Iran Fears Meet Central Bank Buying
Macro & Policy

Gold Nears $5,000 as Iran Fears Meet Central Bank Buying

Gold is trading just shy of the $5,000 psychological barrier, with escalating Iran tensions and persistent central bank accumulation creating a dual-engine bid that shows no sign of stalling.

Featured image for article: Gold Slides Below $5,000 Despite Iran War Escalation
Macro & Policy

Gold Slides Below $5,000 Despite Iran War Escalation

Gold's failure to rally amid a major Middle Eastern conflict signals that macro forces - particularly rate expectations and dollar strength - are overpowering traditional safe-haven reflexes.

Featured image for article: Weekly Precious Metals Roundup
Weekly Roundup

Week in Metals: Gold Slips as Dollar Trumps War Fears

Gold and silver posted weekly losses as a surging dollar and fading rate-cut expectations outweighed safe-haven demand from the Iran crisis.

Featured image for article: Gold Miners Face a Jurisdiction Reckoning
Macro & Policy

Gold Miners Face a Jurisdiction Reckoning

With gold above $5,000 and resource nationalism surging across Africa, investors are paying steep premiums for North American mining assets - and the gap is only widening.

Featured image for article: Gold Holds Above $5,100 as Private Credit Fears Build
Macro & Policy

Gold Holds Above $5,100 as Private Credit Fears Build

The $1.7 trillion private credit market is emerging as a macro fault line - and gold's steady climb above $5,100 suggests investors are already pricing in the tail risk.

Featured image for article: Gold Miners Bet Big on West Africa Even as Prices Wobble
Supply & Demand

Gold Miners Bet Big on West Africa Even as Prices Wobble

Resolute Mining's final investment decision on the Doropo gold project in Côte d'Ivoire signals that producers are locking in expansion capital now, banking on gold staying well above $5,000 for.

Featured image for article: Gold Retreats From $5,400 Peak as Iran Crisis Lifts the Dollar
Price Moves

Gold Retreats From $5,400 Peak as Iran Crisis Lifts the Dollar

Gold's pullback from record highs looks counterintuitive during a geopolitical crisis - until you follow the dollar and oil complex driving the retreat.

Featured image for article: Gold Stalls Near $5,100 as Iran Fears Clash With CPI Uncertainty
Macro & Policy

Gold Stalls Near $5,100 as Iran Fears Clash With CPI Uncertainty

Gold is caught between two powerful forces - escalating geopolitical risk from Iran and the looming question of whether US inflation data will give the Fed room to ease - and the resulting tug-of-war.

Featured image for article: Gold's "Base Load" Buyer Is Here - And It Changes Everything
Macro & Policy

Gold's "Base Load" Buyer Is Here - And It Changes Everything

Central bank gold accumulation has shifted from cyclical to structural, creating a persistent demand floor that is fundamentally re-rating the metal's fair value range.

Featured image for article: Gold Gets a Massive New Buyer - India Opens Equity Funds
UK Tax & Regulation

Gold Gets a Massive New Buyer - India Opens Equity Funds

India's decision to let equity mutual funds allocate up to 35% to gold and silver could unlock billions in new institutional demand for precious metals at a time when prices are already near record.

Featured image for article: Gold Holds Above $5,100 as Iran Conflict Fuels Safe-Haven Bid
Macro & Policy

Gold Holds Above $5,100 as Iran Conflict Fuels Safe-Haven Bid

Escalating tensions around Iran are reinforcing gold and silver's role as geopolitical hedges, but today's US CPI print could determine whether the rally extends or stalls.

Featured image for article: Gold Surges Past $5,200 as Iran Tensions Grip Markets
Price Moves

Gold Surges Past $5,200 as Iran Tensions Grip Markets

Gold's $100-plus weekly jump and silver's outperformance of crude oil signal that safe-haven demand is accelerating into a geopolitical risk premium not seen since the 2024 Middle East escalation.

Featured image for article: Gold Drops as Iran War Sparks an Unusual Rush Away
Price Moves

Gold Drops as Iran War Sparks an Unusual Rush Away

A major geopolitical escalation involving Iran has sent oil surging 25% but - counterintuitively - pushed gold lower, as margin calls and a liquidity scramble override the metal's traditional.

Featured image for article: Gold Whipsaws on Iran Escalation - Dollar Wins
Macro & Policy

Gold Whipsaws on Iran Escalation - Dollar Wins

A nearly $190 intraday range in gold reveals a market caught between geopolitical fear and a surging dollar, with the greenback ultimately dictating direction.

Featured image for article: Gold's Central Bank Bid Deepens as PBOC Streak Hits 16 Months
Macro & Policy

Gold's Central Bank Bid Deepens as PBOC Streak Hits 16 Months

China's relentless gold accumulation - now running for 16 consecutive months - is quietly reshaping the structural demand picture even as spot prices consolidate below $5,200.

Featured image for article: Gold Trims Weekly Loss as Jobs Data Revives Rate Cut Hopes
Macro & Policy

Gold Trims Weekly Loss as Jobs Data Revives Rate Cut Hopes

A softer-than-expected US jobs print has gold clawing back losses after its sharpest weekly pullback in months, with Fed rate cut expectations now firmly back in play.

Featured image for article: Gold's Central Bank Bid Builds Even as Prices Dip
Macro & Policy

Gold's Central Bank Bid Builds Even as Prices Dip

Central banks are accelerating their shift away from dollar reserves and into gold - a structural trend that's quietly underpinning prices even during short-term pullbacks.

Featured image for article: Gold Gets a New Buyer - South Korea's Central Bank Eyes ETFs
Macro & Policy

Gold Gets a New Buyer - South Korea's Central Bank Eyes ETFs

The Bank of Korea's plan to invest in gold ETFs marks a significant shift in how central banks are accessing bullion - and it adds another sovereign buyer to an already crowded trade.

Featured image for article: Gold Miners Eye Canada's $1.5B Infrastructure Bet
Macro & Policy

Gold Miners Eye Canada's $1.5B Infrastructure Bet

Ottawa's new critical minerals infrastructure fund could reshape the economics of remote Canadian mining projects - and the timing, with gold above $5,000, couldn't be better for precious metals.

Featured image for article: Gold Supply Politics Heat Up as US, China Squeeze Ghana
Macro & Policy

Gold Supply Politics Heat Up as US, China Squeeze Ghana

In a rare display of alignment, the world's two largest economies are jointly pressuring Africa's top gold producer to abandon a planned royalty increase - a move that exposes just how strategic.

Featured image for article: Gold Shrugs Off Iran Tensions - Macro Forces Win
Macro & Policy

Gold Shrugs Off Iran Tensions - Macro Forces Win

Gold's muted response to escalating Iran tensions reveals a market increasingly driven by rate expectations and dollar strength rather than geopolitical fear.

Featured image for article: Gold Eyes $5,400 as US-Iran Tensions Fuel Safe-Haven Bid
Macro & Policy

Gold Eyes $5,400 as US-Iran Tensions Fuel Safe-Haven Bid

Gold has surged more than 5% in a single month as escalating US-Iran hostilities push the metal within striking distance of a fresh all-time high - and the geopolitical premium shows no sign of.

Featured image for article: Gold Surges Past $5,100 as US-Iran Tensions Escalate
Macro & Policy

Gold Surges Past $5,100 as US-Iran Tensions Escalate

A 2% single-session spike in gold prices driven by widening US-Israel conflict with Iran underscores just how quickly geopolitical risk can reprice the entire precious metals complex - and the move.

Featured image for article: Silver Drops 10% in a Week Despite Rising Tensions
Price Moves

Silver Drops 10% in a Week Despite Rising Tensions

Silver's near-double-digit weekly plunge to $82 is defying the geopolitical playbook - and the disconnect with gold tells a bigger story about what's really driving precious metals right now.

Featured image for article: Gold Hits $5,405 as Iran Strikes Spark 17% Monthly Surge
Macro & Policy

Gold Hits $5,405 as Iran Strikes Spark 17% Monthly Surge

The US-Israel military strikes on Iran have triggered the sharpest safe-haven rally in years, pushing gold above $5,400 and silver past $95 as investors price in a widening West Asian conflict.

Featured image for article: Gold Hits $5,434 as Iran Tensions Fuel Safe-Haven Rush
Macro & Policy

Gold Hits $5,434 as Iran Tensions Fuel Safe-Haven Rush

Gold surged to an intraday high of $5,434 per ounce as escalating geopolitical tensions involving Iran triggered a wave of safe-haven buying, lifting precious metals miners alongside the metal itself.

Featured image for article: Gold Nears $5,300 as US–Israel Strikes Reshape Risk
Macro & Policy

Gold Nears $5,300 as US–Israel Strikes Reshape Risk

Military escalation against Iran has turbocharged gold's already historic rally, pushing the metal within striking distance of $5,300 as safe-haven demand meets a market already priced for.

Featured image for article: Gold Surges Past $5,200 as US-Israel Strikes on Iran Ignite Safe-Haven Bid
Macro & Policy

Gold Surges Past $5,200 as US-Israel Strikes on Iran Ignite Safe-Haven Bid

Gold has gained over 13% in a single month as coordinated military strikes against Iran trigger one of the most aggressive safe-haven rallies in recent memory, pushing prices within striking distance.

Featured image for article: Gold Holds Above $5,200 as Iran Tensions Fuel Safe-Haven Bid
Price Moves

Gold Holds Above $5,200 as Iran Tensions Fuel Safe-Haven Bid

Gold's geopolitically-driven rally has pushed prices back above $5,200, with silver surging nearly 8% on the week as US-Iran brinkmanship reignites safe-haven demand across the precious metals.

Featured image for article: Gold Eyes $6,000 as Middle East Risks Reignite
Macro & Policy

Gold Eyes $6,000 as Middle East Risks Reignite

With gold already up 3% this month to $5,234, a potential 15% geopolitical risk premium could push the metal toward $6,000 - a level that seemed unthinkable just months ago.

Featured image for article: Silver Surges 4.5% in a Week - But the Monthly Picture Tells a Different Story
Price Moves

Silver Surges 4.5% in a Week - But the Monthly Picture Tells a Different Story

Silver's sharp weekly rally to $90.40/oz is masking a brutal 14% monthly drawdown, creating a tug-of-war between safe-haven momentum and underlying technical weakness.

Featured image for article: Silver's Mexico Problem - Cartel Violence Threatens 25% of Supply
Supply & Demand

Silver's Mexico Problem - Cartel Violence Threatens 25% of Supply

Escalating security risks across Mexico's key mining states are putting a quarter of global silver production in jeopardy, just as the metal trades 14% off its monthly highs.

Featured image for article: Gold Holds $5,200 as Tariff Risks Reshape the Macro Playbook
Macro & Policy

Gold Holds $5,200 as Tariff Risks Reshape the Macro Playbook

U.S. tariff policy is emerging as the next major catalyst for gold, and at $5,201 per ounce, the market is already pricing in significant uncertainty.

Featured image for article: Gold Eyes $6,300 - But It Must Clear $5,200 First
Data & Analysis

Gold Eyes $6,300 - But It Must Clear $5,200 First

JP Morgan's year-end target of $6,300 per ounce implies a 21% rally from current levels, and the macro backdrop suggests it's not as outlandish as it sounds.

Featured image for article: Gold Nears $5,210 as Tariffs and Iran Talks Fuel Haven Bid
Macro & Policy

Gold Nears $5,210 as Tariffs and Iran Talks Fuel Haven Bid

Gold is pressing toward the top of its daily range at $5,230 as a potent combination of trade-war anxiety and Middle East diplomacy uncertainty drives fresh safe-haven inflows across the precious.

Featured image for article: Gold Eyes $5,400 - But It's Already Up 4% This Week
Macro & Policy

Gold Eyes $5,400 - But It's Already Up 4% This Week

Goldman Sachs has raised its gold target to $5,400, yet with spot already trading above $5,100 and central bank buying showing no signs of slowing, the real question is whether even that forecast is.

Featured image for article: Gold Miners Eye Brazil as Prices Top $5,100
Supply & Demand

Gold Miners Eye Brazil as Prices Top $5,100

With gold holding above $5,100 per ounce, junior producers like Serabi Gold are finding that previously marginal Brazilian operations now look like some of the most compelling expansion stories in.

Featured image for article: Gold Hits $5,170 as Tariff Fears Fuel a 6% Weekly Surge
Macro & Policy

Gold Hits $5,170 as Tariff Fears Fuel a 6% Weekly Surge

Gold's relentless climb past $5,100 is being turbocharged by escalating trade war rhetoric, with the metal posting its strongest weekly gain in months as investors scramble for protection against.

Featured image for article: Gold Nears $5,225 as Trade Fears Fuel 7% Weekly Surge
Macro & Policy

Gold Nears $5,225 as Trade Fears Fuel 7% Weekly Surge

Gold's relentless climb toward record territory is being turbocharged by escalating trade tensions, with the metal posting its strongest weekly gain in months as investors pile into safe-haven assets.

Featured image for article: Gold Eyes New Buyers as East Africa Plans Reserve Push
Macro & Policy

Gold Eyes New Buyers as East Africa Plans Reserve Push

The East African Community's directive to coordinate gold reserve accumulation across its member central banks signals a broadening of the emerging-market gold buying trend that has helped push.

Featured image for article: Silver Surges 12% in a Week - Tariffs and GDP Do the Heavy Lifting
Price Moves

Silver Surges 12% in a Week - Tariffs and GDP Do the Heavy Lifting

Silver's explosive move above $82 is being driven by a rare double catalyst - new U.S. tariff action and a GDP miss - and the rally has room to run if macro headwinds persist.

Featured image for article: Gold Eyes $6,300 - But JPMorgan's $8,000 Case Steals the Show
Price Moves

Gold Eyes $6,300 - But JPMorgan's $8,000 Case Steals the Show

JPMorgan has lifted its gold forecast to $6,300 with a bull-case scenario of $8,000, validating a rally that has already pushed the metal past $5,000 and up over 5% in the past month alone.

Featured image for article: Gold Tops $5,000 as Tariff Chaos Fuels 5% Monthly Rally
Macro & Policy

Gold Tops $5,000 as Tariff Chaos Fuels 5% Monthly Rally

Gold is consolidating above the $5,000 mark after a blistering weekly gain of over 4%, as traders position for escalating trade policy uncertainty under the latest round of Trump tariff maneuvers.

Featured image for article: Gold Miners Eye $5,000 - Underground Economics Look Compelling
Supply & Demand

Gold Miners Eye $5,000 - Underground Economics Look Compelling

Orla Mining's underground expansion at Camino Rojo delivers robust project economics that underscore why gold miners are racing to unlock new ounces with the metal trading above $5,000.

Featured image for article: Gold Tops $5,000 - Why This Rally Isn't Done
Macro & Policy

Gold Tops $5,000 - Why This Rally Isn't Done

Gold's surge past $5,000 per ounce is being fuelled by a rare convergence of central bank buying, revived ETF inflows, and deepening fiscal concerns that suggest this bull run has further to go.

Featured image for article: Gold Hits $5,000 - But the Rally May Not Be Done
Data & Analysis

Gold Hits $5,000 - But the Rally May Not Be Done

Gold has breached the psychologically massive $5,000 level after a 5% monthly surge, and the macro backdrop suggests this milestone could be a waypoint rather than a ceiling.

Featured image for article: Platinum Surges Past $2,000 - But $2,100 Is the Real Test
Price Moves

Platinum Surges Past $2,000 - But $2,100 Is the Real Test

Platinum's sharp rebound from a volatility flush has reclaimed the $2,000 level convincingly, but the metal now faces a critical resistance zone that will determine whether this is a genuine breakout.

Featured image for article: Silver Bounces Off $74 but Faces a 13% Monthly Drop
Data & Analysis

Silver Bounces Off $74 but Faces a 13% Monthly Drop

Silver's intraday recovery from session lows near $74.57 masks a brutal month of underperformance against gold, with the gold/silver ratio compressing to 65.3 and raising questions about whether the w

Featured image for article: Gold ETFs Bleed Despite $5,000 Price - Physical Diverges
Supply & Demand

Gold ETFs Bleed Despite $5,000 Price - Physical Diverges

Paper gold is selling off while physical bullion holds firm at elevated levels, exposing a widening rift in how investors access precious metals during volatility.

Woodcut illustration for article: Gold Steadies After Warsh Fed Nomination Triggers Sharp Selloff
Macro & Policy

Gold steadies after Warsh Fed nomination triggers sharp selloff

Gold steadies after Kevin Warsh's Fed nomination triggered a sharp sell-off, revealing how quickly hawkish policy expectations can rattle precious metals.