More Gold at All Time High: More Bank’s Revise
A buying spree is happening in the market, as its continually shifting & changing daily in the business of gold & silver. Read More
The Paradox of Silver: Strong Fundamentals, Weak Performance, and Misunderstood Markets
While gold has surged 36% over the past year, silver has only risen 27%, underperforming at what should be a moment of significant outperformance. Ross Norman, of Metalsdaily.com contends that the “manipulation” narrative misunderstands how markets actually work, as banks maintain neutral positions through offsetting physical and futures positions. This…
Is $4,000 Gold “Just Around the Corner”? JPMorgan Analysts Think So
Wall Street continues to raise its bullish outlook on gold as the precious metal reaches new heights. Bank of America has increased its price target from $3,000 to $3,500 per ounce over the next 18 months, based on projections of 10% growth in investments through increased buying from China, central…
Citi “Very Bullish” on Silver as April 3 Tariff Announcement Looms
Gold and silver prices have surged to new cyclical highs, with gold breaking past its March 20 record of $3,057.50 and silver climbing above $34.24, approaching its October high of $34.87. This rally is primarily driven by concerns about the upcoming “Liberation Day” tariffs scheduled for April 3, which markets…
Safe-Haven Gold Soars Past $3,080 Amid Growing Trade War Concerns
Gold has hit a record high of $3,086.21 an ounce as investors seek safety amid trade tensions following President Trump’s upcoming April 2 reciprocal tariffs. These measures have sparked concerns about inflation, slower economic growth, and trade conflicts. Heading for its fourth consecutive weekly gain, gold’s rise is fueled by…
Fed’s Favorite Inflation Indicator Re-Accelerates In February As Savings Rate Soars
Fed’s Favorite Inflation Indicator Re-Accelerates In February As Savings Rate Soars The Fed’s favorite inflation indicator – Core PCE – printed hotter than expected in February, rising 0.4% MoM, bring prices up 2.8% YoY… Source: Bloomberg “Core PCE was higher than expected, and it might be hard to go lower from here because incomes are […]
Gold Hits All-Time High as Trump’s Auto Tariffs Spark Trade War Fears
Gold has surged to an unprecedented record of over $3,079 an ounce, marking its fourth consecutive weekly gain amid escalating trade tensions. The precious metal rose 0.7% on Friday after President Trump signed a proclamation imposing 25% tariffs on all auto imports and threatened harsher measures against the EU and…
Futures Slide, Gold Soars Ahead Of Inflation Data Amid Tariff Turmoil
Futures Slide, Gold Soars Ahead Of Inflation Data Amid Tariff Turmoil US equity and global stock markets slumped while gold topped a fresh all time high as investors braced for today’s core PCE report, the Fed’s preferred inflation metric, and continued to worry about the lasting economic damage of the trade war amid daily tariff […]
Corporate Profits Surge 5.9% as US Economy Shows Resilience
The US economy grew 2.4% in Q4 2023, better than initially reported. Corporate profits jumped 5.9% – the biggest increase in over two years – with profit margins reaching 15.9%, well above pre-pandemic levels. This could help companies absorb future tariff costs without raising consumer prices. While consumer spending growth…
Silver Rises to $34 as Trump’s Auto Tariffs Fuel Uncertainty
Silver prices (XAG/USD) have risen to nearly $34 during European trading as President Trump’s announcement of permanent 25% tariffs on imported vehicles sparked global economic concerns, enhancing silver’s status as a safe-haven asset. These tariffs, effective April 2, will significantly impact top auto exporters to the US including Mexico, Canada,…