COMEX gold stocks up 31945.11 oz on Sep 2 from previous day

According to the latest data from COMEX, the total gold inventory recorded on September 2, 2025 was 38,957,798.86 troy ounces, a significant increase of 31,945.11 troy ounces, or 0.08%, compared to the previous day. Over the past week, the cumulative stock increase of gold inventory was 3,790,678.80 troy ounces, a 0.98% rise. In the last month, the cumulative increase was 2,421,999.84 troy ounces, a 0.63% increase. Historical data indicates that since September 6, 2022, the highest gold inventory level recorded was 45,071,696.43 troy ounces and the lowest was 16,898,041.50 troy ounces. The average gold inventory over this period was 24,254,191.65 troy ounces. Currently, the inventory level stands at 38,957,798.86 troy ounces, which is 37.74% higher than the average.

According to the latest data from COMEX, the total gold inventory recorded on September 2, 2025, was 38,957,798.86 troy ounces, marking a significant increase of 31,945.11 troy ounces, or 0.08%, compared to the previous day. Over the past week, the cumulative stock increase of gold inventory was 3,790,678.80 troy ounces, a 0.98% rise. In the last month, the cumulative increase was 2,421,999.84 troy ounces, a 0.63% increase. Historical data indicates that since September 6, 2022, the highest gold inventory level recorded was 45,071,696.43 troy ounces and the lowest was 16,898,041.50 troy ounces. The average gold inventory over this period was 24,254,191.65 troy ounces. Currently, the inventory level stands at 38,957,798.86 troy ounces, which is 37.74% higher than the average.

The surge in gold inventory is attributed to several factors, including geopolitical tensions, central bank demand, and the strategic importance of gold as a safe-haven asset. Central banks, particularly those in BRICS nations, have been actively adding to their gold reserves, signaling a strategic shift towards de-dollarization. For instance, BRICS nations added 120 tons of gold in 2025, while the Federal Reserve added 710 tons to its reserves in the same period [3].

The increase in gold inventory has been paralleled by a significant rise in gold prices. On September 2, 2025, the front month Comex gold for September delivery gained $75.70 per troy ounce, or 2.18%, to $3549.40, setting a new record high. This marks the largest one-day dollar and percentage gain since Monday, June 2, 2025, and the longest consecutive winning streak since Thursday, March 20, 2025 [1].

The gold mining sector has also benefited from the price surge. Gold miners such as Barrick Gold (GOLD) and Newmont (NEM) reported record profits in 2025, with gold prices averaging $3,320 per ounce. The NYSE Arca Gold Miners Index rose 51.59% year-to-date, outpacing gold’s 30% gain [3].

The gold market's resilience and growth are further bolstered by the strategic plans of the U.S. government. Republican Senator Cynthia Lummis from Wyoming has proposed a bill (BITCOIN Act) that aims to fill the U.S. government's bitcoin strategic reserve without increasing the federal government deficit by selling part of the Federal Reserve's gold reserves [2]. Although the likelihood of this bill being approved is uncertain, it reflects the increasing interest in cryptocurrencies and their potential role in the global financial system.

In conclusion, the surge in gold inventory and prices is driven by a combination of geopolitical tensions, central bank demand, and strategic government plans. Investors and financial professionals should closely monitor these developments as they may significantly impact the gold market and related sectors.

References:
[1] https://www.morningstar.com/news/dow-jones/202509026962/comex-gold-settles-218-higher-at-354940-record-high-data-talk
[2] https://www.moomoo.com/news/post/16979114/record-tr4cking-news-pce-inflation-likely-ticked-up-in-july-that-may-complicate
[3] https://www.ainvest.com/news/trump-tariff-uncertainty-strategic-resilience-gold-miners-2509/