Federal Reserve Holds Steady as Officials Await Full Picture on Tariff Effects
The Federal Reserve is holding steady on monetary policy as it assesses the economic impact of tariffs, according to Minneapolis Fed President Neel Kashkari. Speaking at an event in Wisconsin, Kashkari acknowledged that recent inflation data has been “quite positive,” with the Fed’s preferred inflation measure dropping to 2.1% in…
Gold Stabilizes Near $3,325 Following Iran-Israel Ceasefire Agreement
Gold prices held steady Wednesday following Tuesday’s decline, which came after improved market sentiment from the Israel-Iran ceasefire agreement. Spot gold traded unchanged at $3,325.56 per ounce, while U.S. gold futures rose 0.2% to $3,339.30. The de-escalation in Middle East tensions reduced immediate safe-haven demand, though lingering concerns about Iran’s…
Gold Overtakes Euro as Second-Largest Reserve Asset Despite Central Bank Buying Slowdown
Central banks have been slowing their gold purchases recently, with buying dropping 33% quarter-on-quarter in early 2024, partly due to reduced purchases from major buyers like China. However, experts don’t expect this trend to signal a permanent decline. The weakening faith in the U.S. dollar as the primary reserve currency…
How to Choose the Best Gold IRA Storage Option for You
When investing in a Gold IRA, where you store your precious metals matters just as much as what you invest in. Your storage decision impacts not just your security — it determines your IRS compliance, your tax benefits, and your peace of mind. In this guide, we’ll break down the…
Powell Holds Firm on Rates While Trump Urges GOP to ‘Work Him Over’ in Congress
Federal Reserve Chair Jerome Powell is maintaining a cautious stance on interest rate cuts ahead of his congressional testimony, despite mounting pressure from President Trump and signs of division within the Fed itself. In his prepared remarks, Powell indicated the Fed will wait to better understand how trade wars affect…
Fed’s Bowman Joins Waller in Backing Potential July Interest Rate Reduction
Federal Reserve Governor Michelle Bowman signaled Monday that she’s ready to support lowering interest rates as early as the July 29-30 meeting, provided inflation stays contained. Speaking in Prague, Bowman suggested bringing rates closer to “neutral” levels to maintain a healthy job market. Her position echoes Governor Christopher Waller’s Friday…
The Main Street Revolution: Gold, Bitcoin & Escaping the Dollar Trap
At Rebel Capitalist 2025, Mike Maloney and Russell Gray delivered a conversation that cuts to the heart of today’s economic shift. The Decentralization Mega-Trend Russell Gray sees three powerful signals of change: “We’re pushing back on monopolies,” Gray explains. The old gatekeepers are crumbling, and something new is emerging. Why…
China Sets Ambitious 2027 Targets: 10% Gold Resource Growth and AI-Driven Mining Revolution
China’s Ministry of Industry and Information Technology, along with eight other government departments, has released an ambitious action plan to transform the nation’s gold industry from 2025 to 2027. The strategy focuses on four key pillars: high-end development, intelligent operations, environmental sustainability, and enhanced safety standards. The plan sets specific…
Dollar Loses Crown: Global Central Banks Pivot to Gold, Euro, and Yuan Amid US Political Concerns
A survey of 75 central banks shows a major shift away from the US dollar. Following President Trump’s April 2 tariffs, central banks are rapidly diversifying their $5 trillion in reserves. Gold is the biggest winner—40% of banks plan to increase holdings over the next decade, adding to already record…
Gold Drops 1.4% as Middle East Geopolitical Tensions Ease
Gold experienced a significant selloff on Tuesday, falling 1.4% to $3,322.09 per ounce—its lowest level since June 11—as geopolitical tensions eased following a U.S.-brokered ceasefire announcement between Israel and Iran. The reduced conflict diminished gold’s appeal as a safe-haven investment, leading to increased risk appetite in global markets, with stocks…