Gold Rush: Australia’s Record $2.9B Export to US Amid Tariff Fears
Australia sent an unprecedented A$4.6 billion ($2.9 billion) worth of gold to the United States in January, marking the highest export volume since records began in 1995. Though Australia typically ships gold to closer Asian markets, traders redirected supplies to capitalize on extreme price differences between key markets. This disruption…
Turkey Cuts Interest Rates as Inflation Slows Below 40%
Turkey’s central bank cut its key interest rate from 45% to 42.5%, marking its third straight reduction. This follows news that annual inflation has dropped below 40% for the first time in nearly two years, reaching 39.05% in February (down from 42.12% in January). This offers some relief to households…
Golden Tsunami: US Buys More Australian Gold in January Than All of 2024
Australia is shipping unprecedented amounts of gold to the United States in 2025. According to the Australian Bureau of Statistics, gold exports to the US have exploded to new heights. After jumping to $1.17 billion in December 2024, January’s gold shipments soared to $4.62 billion – making up 87% of…
Gold Output Drops 23% as Mali Cracks Down on Foreign Miners
Mali’s interim government has halted the issuance of small-scale gold mining permits to foreigners following several deadly incidents, including a devastating collapse that killed at least 49 people last month in an open-pit area. The decision comes from Interim President Assimi Goita, who ordered the government “to strengthen measures to…
Gold vs. Real Estate: Why Investors Are Shifting to Precious Metals
In this eye-opening video, Alan Hibbard breaks down the data behind skyrocketing home prices, higher interest rates, and shrinking affordability across the U.S.
Gold Rush in Seoul: Political Chaos and Currency Fears Empty South Korean Vaults
South Korea is running out of gold bars. The national mint (KOMSCO) stopped sales last month because they can’t get enough raw materials. Even Seoul’s gold vending machines have sold out completely. Why the gold rush? Retail investors are seeking safety during political chaos. President Yoon faces impeachment, and acting…
ECB Cuts Rates, Says Policy Becoming “Meaningfully Less Restrictive”
ECB Cuts Rates, Says Policy Becoming “Meaningfully Less Restrictive” While the ECB’s rate cut this morning was not in doubt by anyone, and the ECB did not disappoint, cutting rates for the 6th time in a row by 25bps across the board (Deposit rate to 2.5% from 2.75%; Refinancing Rate to 2.65% from 2.90%, marginal […]
Gold Pauses 10% 2024 Rally as Markets Brace for US Employment Numbers
Gold prices retreated by approximately 1% on Thursday, ending a three-day upward streak as investors locked in profits, with spot gold settling at $2,893.63 an ounce and U.S. gold futures sliding to $2,900.70. Despite this correction, gold has performed impressively in 2024, gaining over 10% since January and reaching an…
Global Currency Markets Rocked by German Spending Surge and Escalating Trade Wars
Global markets saw major changes Wednesday as two powerful forces came together: Trump’s expanding trade war and a dramatic shift in German spending policy. The dollar fell to three-month lows, dropping 2.3% in just three days—the biggest fall since late 2022. This came as new US tariffs hit imports from…
Gold Price Gap Narrows as Trump Tariff Trade Loses Steam
The price gap between US and international gold markets is finally returning to normal after months of disruption. This shift comes as fears about Trump’s potential tariffs on gold imports begin to fade. The difference between New York’s Comex futures and the London spot market has shrunk to around $10…