Why Central Banks Are Quietly Abandoning the Dollar for Gold
Central banks are secretly accumulating massive amounts of gold – over 1,000 metric tons annually – as they diversify away from the U.S. dollar amid rising geopolitical tensions and economic uncertainty. Most of this buying goes unreported, with trade data revealing mysterious gold flows through major refining hubs to undisclosed…
Gold Climbs 0.7% After Disappointing Economic Data Weakens Dollar
Gold prices surged on Wednesday, June 4th, climbing $23.30 to close at $3,373.50 per ounce – the highest closing level in nearly a month. This 0.7% gain more than made up for Tuesday’s decline and was driven by two key factors: a weakening U.S. dollar (down 0.5%) and disappointing economic…
Gold and Silver Rally Through Resistance While Copper Awaits Tariff Verdict
Gold and silver surged through important price barriers on Monday, driven by a weakening US dollar and growing concerns about global trade tensions. Gold broke above its downtrend from April’s record high, establishing new support at $3,325, while silver posted its strongest one-day gain since October, jumping 5.4% to breach…
The ETF Illusion: What Gold Investors Must Know
Most investors think they own gold. But according to expert Alan Hibbard, much of it might not be what it seems. In this revealing Big Biz interview, Alan breaks down the quiet — but growing — divide between paper gold (like ETFs) and true physical bullion. He also outlines how…
Is 2025 the New 1979? Why Gold Could Be Set to Double Again
Gold doubled in 42 days in 1979. The setup today looks eerily similar. Here’s why Mike Maloney says the biggest moves may still lie ahead.
Metals Markets Surge: Gold Hits $3,382 as Copper Supply Tightens
Gold futures climbed 0.2% to $3,382.60 per troy ounce as investors seek safety amid market uncertainty. The precious metal is benefiting from two main factors: President Trump’s new executive order doubling steel and aluminum tariffs, and escalating tensions between Russia and Ukraine. Central banks continue to support gold prices, adding…
Central Banks’ Secret Gold Rush: Why 80 Tons Monthly Signals Dollar Distrust
Gold prices are defying traditional market logic, approaching $3,400 per ounce despite expectations of a pullback. The key driver isn’t retail investors but central banks, which are secretly buying approximately 80 metric tons monthly. This shift reflects growing concerns about the US dollar’s reliability as a reserve currency, particularly as…
Gold Prices Steady at $3,349 Amid Trade Tensions and Mixed Jobs Report
Gold prices remained stable at $3,349.19 per ounce on Wednesday as two opposing forces balanced each other out. While stronger U.S. job openings data typically pushes gold prices down, ongoing trade tensions between the U.S. and China are keeping demand for gold as a safe investment high. Analysts expect gold…
Global Central Banks Tap Brakes on Gold Purchases as Prices Hit Records
Central banks worldwide added 12 metric tons of gold to their reserves in April, marking the second month in a row of reduced buying activity. This represents a 12% drop from March and falls below the 12-month average of 28 tons. Poland’s National Bank continues to lead global gold purchases,…
Earth’s core releases gold and precious metals through volcanic eruptions
Most of Earth’s gold is locked deep within the planet’s super-hot molten core. However, new research on Hawaiian volcanic rocks reveals that this gold—along with other precious metals like platinum—is slowly escaping. Scientists discovered traces of rare silver-gray metals in volcanic rock samples. These metals were common when Earth formed…