Market analysis
Gold across currencies: the dollar price is only one view of the drawdown
Learn to separate gold's price change from currency translation, align observation times and avoid confusing a dollar benchmark with every investor's return.
Gold Intelligence — 31 October 2026
A deeper reading of gold: markets, the holders of metal, practical decisions and the quality of the evidence.
By Gabriel Nicolaev — CyGuru. This collection is separate from the Daily Gold Brief. Publication dates refer to Dubai; each article identifies its own source periods.
Market analysis
3 ARTICLES
Market analysis
Beyond the wage headline: what the ECI benefits split adds to gold analysis
Read September 2026 employment costs through wages, benefits, weights and purchasing power, without turning one release into an automatic gold signal.
Market analysis
The November clock change: a gold research plan for JOLTS and payrolls
Prepare for the November 3–6 US labour releases with verified UTC and Dubai times, distinct research questions and a disciplined event-recording plan.
Official sector & flows
2 ARTICLES
Official sector & flows
More gold, less value: reading September’s ETF balance sheet
Gold ETF holdings rose while assets fell in September. Learn to separate investor flows, price effects and reporting clocks before drawing a market conclusion.
Official sector & flows
The three clocks behind a central-bank gold headline
Read August’s reported central-bank buying through three separate clocks: holdings, publication and valuation. A method for testing gold reserve headlines.
Practical education
3 ARTICLES
Practical education
Before You Compare Gold Returns, Audit the Contract Roll
A practical audit for gold futures rolls, spot comparisons and continuous charts, with a worked hypothetical example and a reproducible data checklist.
Practical education
The Physical Gold Round Trip: Measure the Exit Before the Purchase
Build a physical-gold cost worksheet covering premium, buyback discount, fees and break-even price, using clearly hypothetical numbers rather than dealer claims.
Practical education
A Weekend Gold Risk Rehearsal: Size the Scenario, Not the Confidence
A practical weekend rehearsal for gold exposure, contract units, gaps, slippage and portfolio risk, with hypothetical sizing arithmetic and explicit limits.
Research methods
2 ARTICLES
Research methods
From Target Touch to Evidence: Build a Gold Signal Lifecycle Ledger
How to document gold signals from publication to closure, distinguish target touches from fills and report selected examples without inventing an overall win rate.
Research methods
Gold Event Studies Without Hindsight: Vintages, Surprises and Controls
Design a reproducible gold event study using first-release economic data, pre-release expectations, precise timestamps and matched non-event comparisons.