Markets desk · Copenhagen
Ingrid Sørensen
Markets editor
Ingrid Sørensen edits the markets desk, which at this magazine means she is responsible for the sentences that are easiest to get wrong. Gold price coverage is saturated with narrative — inflation hedge, fear gauge, dollar mirror — and her editing standard is simple: if a claim about why the price moved cannot be tested against reserve data, flow data or a dated official statement, it does not run.
Her own reporting concentrates on the official sector: which central banks are buying, at what pace, from whom, and what the stated reasoning is versus the observable behaviour. She treats reserve diversification as a policy story rather than a trading story, and that framing has aged well.
She is explicit that none of her work is investment advice, and she would rather publish a slower piece than a confident one.
Stories by Ingrid
Official Reserves · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
Governments report holding roughly 36,000 tonnes of gold — a figure quoted everywhere and verified almost nowhere. Between the published number and the physical bar sits a chain of certificates, custodians and fifty-year-old count sheets. This is an attempt to walk that chain honestly.
22 min read
Market Structure · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
For two decades the gold price could be read off an inflation-linked bond screen. Then, somewhere after 2022, the relationship stopped behaving — and the argument about why has become the most consequential debate in the metal's market.
25 min read
Investigation · 18 August 2026
The Vault Beneath the City
Beneath the Bank of England and beneath lower Manhattan sit two of the largest concentrations of monetary gold on earth, moved between anonymous compartments by a handful of porters who never touch the metal with bare hands. This is how sovereign gold is actually stored, audited and, occasionally, brought home.
22 min read
Market Structure · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
Most of the world's gold exposure is a contract, not a metal. Futures, unallocated accounts and exchange-traded funds each promise gold in a different way — and the differences only become visible when the market stops working.
23 min read
Custody and Freight · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
Between the vault and the buyer sits an industry of armoured vehicles, sealed cargo, bonded warehouses and insurance clauses. It rarely makes news, and it is the reason a spot price in London can diverge from a bar in New York.
15 min read
Recycling · 6 August 2026
The Scrap Trade
Roughly a quarter of the world's annual gold supply has been gold before. It arrives as broken chains, single earrings and dental crowns, and it moves through a chain of intermediaries that most sellers never see past the first counter.
16 min read
Reserve Management · 6 August 2026
Why Central Banks Started Buying Gold Again
For three decades official institutions were net sellers of bullion, and the policy consensus treated the metal as a museum piece. Then, quietly, the world's reserve managers reversed. The reasons are less about inflation than about the plumbing of settlement.
14 min read
Market Structure · 2 August 2026
Who Actually Sets the Gold Price
There is no single gold price. There is a London settlement number, a New York futures curve, a Shanghai premium and a jeweller's counter in Dubai — and the distance between them is where the market lives.
16 min read
Markets & Policy · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
For half a century it was rational to store your gold in someone else's basement. Then the calculus of counterparty risk changed, and reserve managers started chartering aircraft.
14 min read