It was a jittery week for precious metals. Gold swung around $4,100 an ounce as a hawkish Federal Reserve and a firm dollar kept prices under pressure, while flaring tensions around the Strait of Hormuz offered a fleeting safe-haven bid. Below are the week’s key developments and what they mean for the Estonian investor.<\/p>\n
From the watchlist: in a commentary published on 8 July, Peter Schiff warned that investors are being misled by the Fed’s rhetoric, arguing that “inflation is a choice” the central bank will ultimately make. Schiff remains bullish on metals \u2014 though his lofty price targets are his personal view, not a forecast to be taken as fact. Benzinga, 8 July 2026<\/a>.<\/p>\n Dollar-side weakness in gold feeds through to the Estonian counter price too, even if the euro\u2013dollar rate softens the move. In our price list a 1 oz gold coin currently costs roughly \u20ac3,720\u20133,780: for example a 1 oz Austrian Philharmonic gold coin<\/a> at ~\u20ac3,725, a 1 oz British Britannia gold coin<\/a> at ~\u20ac3,718, and a 1 oz Canadian Maple Leaf gold coin<\/a> at ~\u20ac3,780. Silver has been choppier than gold \u2014 a 1 oz Austrian Philharmonic silver coin<\/a> costs us about \u20ac73.<\/p>\n In practice, a week like this means the short-term price hinges mainly on the Fed’s tone and geopolitics, so direction is hard to predict. For a buyer of physical metal, the long-term view and the premium at the moment of purchase matter more than a single day’s swing. If you are weighing a purchase, it pays to watch the spot price and spread your buying over time rather than trying to catch “the bottom.”<\/p>\n This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell precious metals. Precious metal prices fluctuate. Before making any investment decision, consider your own circumstances and consult a specialist if necessary.<\/em><\/p>\n Goldman & Sons editorial team<\/p>\n","protected":false},"excerpt":{"rendered":" Gold hovers near $4,100 as money leaves gold ETFs, the Fed keeps a hawkish tone and Hormuz tensions lift oil. HSBC trims its forecast.<\/p>\n","protected":false},"author":0,"featured_media":3292,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-3295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turu-uudised"],"acf":[],"_links":{"self":[{"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/posts\/3295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/comments?post=3295"}],"version-history":[{"count":0,"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/posts\/3295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/media\/3292"}],"wp:attachment":[{"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/media?parent=3295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/categories?post=3295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldmansons.ee\/en\/wp-json\/wp\/v2\/tags?post=3295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}This week’s price and what it means for the Estonian investor<\/h2>\n