Gold’s Record-Breaking Month: Trading Patterns Reveal Banks Flipping Rather Than Holding
The COMEX May gold contract is showing unprecedented activity, with 6,712 new contracts written since first notice day—far above the historical mean of 1,525 and previous record of 4,150. Cumulative deliveries have reached nearly 16,000 contracts, surpassing the record set by the March contract. However, this activity is primarily driven…
Trade Optimism Boosts Dollar and Pressures Gold Despite Ongoing Geopolitical Conflicts
The dollar strengthened by 0.30% today following President Trump’s announcement of a comprehensive trade deal with the UK, which eased global trade tensions. Supporting this rise were better-than-expected US jobless claims data and increased Q1 unit labor costs. Meanwhile, gold prices fell 0.84% to $3,366.13 per ounce due to reduced…
JPMorgan Strategist Recommends Gold as Buffer Against Growing Geopolitical Uncertainty
In a recent Bloomberg TV interview on ‘The Pulse with Francine Lacqua,’ Grace Peters, global Head of Investment Strategy at JPMorgan Private Bank, advised investors to focus on geographic diversification amid increasing market uncertainty and volatility. She specifically recommended buying Indian, European, and Japanese stocks while adding gold as a…
Precious Metal Fever: How Costco’s Gold Bars Became the Hottest Item in 46 States
Costco has implemented a purchase limit of two gold bars per transaction within a 24-hour period due to overwhelming demand for its 24-karat, one-ounce gold bars. Initially introduced in 2023 at around $1,950-$1,980 per bar, these precious metal products have consistently sold out within hours of restocking. A Bloomberg survey…
Central Banks Chart Different Paths as U.S. Tariffs Reshape Global Economy
Major central banks are taking divergent policy paths as U.S. tariffs create different challenges across the global economy. While the U.S. Federal Reserve holds rates steady due to inflation concerns, the Swiss National Bank is considering negative rates to combat currency strength, and the Bank of Japan maintains a potential…
South Korea’s Gold Rush: Banking Balances Double as Physical Bullion Faces Shortage
South Korea is experiencing a gold investment boom, with gold banking balances exceeding ₩1.1 trillion ($825 million) in April 2025, nearly double the figure from a year ago. Physical gold demand has also surged, with April sales of gold bars reaching ₩34.87 billion ($26 million), more than four times higher…
Gold Import Quotas Increased as China Battles Trade War Economic Fallout
China’s central bank has approved foreign exchange purchases for commercial banks to fund increased gold import quotas, according to two sources familiar with the matter. This move comes alongside other stimulus measures, including interest rate cuts and liquidity injections, as China works to offset economic damage from the U.S. trade…
GOP Fiscal Hawks Dig In, Insist Megabill ‘Must Not Add To The Deficit’ To Avoid $50 Trillion Debt By 2035
GOP Fiscal Hawks Dig In, Insist Megabill ‘Must Not Add To The Deficit’ To Avoid $50 Trillion Debt By 2035 A bloc of 32 House Republicans is pressuring their party’s leadership to uphold strict fiscal constraints as Congress moves to draft the sweeping legislative package underpinning former President Donald J. Trump’s domestic agenda. In a […]
Gold Market Reacts: Prices Drop on US-UK Deal While China Boosts Import Quotas
Gold prices fell on Thursday, dropping 0.4% to $3,352.63 an ounce, as President Trump’s announcement of a comprehensive trade deal with Britain eased market tensions. The deal, which Trump described as one that will “cement the relationship” between the two nations, reduced investor interest in gold as a safe-haven asset….
“You Only Need $35”: Breaking Down the Barriers to Gold Investing
“You don’t need thousands to start investing in gold.” That’s what Mike Maloney reveals in his eye-opening new video with Alan Hibbard. They show exactly how everyday investors can build a precious metals portfolio — starting with just $35. With exclusive insights on silver’s current opportunities and actionable strategies to…