Trade Deficit Delivers Record Blow to US Economy as GDP Falls 0.2%
The US economy contracted by 0.2% in the first quarter of 2025, slightly better than the initially reported 0.3% decline. Consumer spending, which drives most economic growth, increased only 1.2% – the weakest pace in nearly two years. The main drag on the economy came from trade, with net exports…
Florida Legalizes Gold and Silver Coins for Everyday Use
Florida Governor Ron DeSantis signed a groundbreaking bill (HB 999) allowing gold and silver coins to be used for everyday transactions. Coins that meet specific purity standards can now be used alongside traditional currency, marking Florida as the first major state to implement this. The law empowers money services businesses…
Global Bond Markets Rebound on Debt Issuance Shifts
Global bond markets have recently experienced extreme volatility, with long-term debt initially shunned by investors, only to see a rapid rebound. This instability was sparked by signals from Japan and the U.K. about potential changes in long-term debt issuance. Japan’s finance ministry’s hint at reducing 30- and 40-year bond issuance…
Why Now Could Be the Perfect Time to Buy Silver
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Gold Prices Climb Ahead of Fed Minutes and Economic Data
Spot gold prices ticked up as traders sought bargains after Tuesday’s drop, with markets bracing for the Federal Reserve’s meeting minutes. Gold gained 26% this year and hit record highs in April, bolstered by global trade tensions and central bank buying. Goldman Sachs highlighted gold’s appeal amid U.S. economic uncertainty,…
Gold Rebounds Amid Strong U.S. Data and Trade Talk Uncertainties
Gold prices experienced a modest rebound on May 28, 2025, following a previous decline, as investors weighed positive U.S. economic data against ongoing trade discussions. The U.S. dollar strengthened, bolstered by robust consumer confidence figures, while global markets remained cautious ahead of upcoming job reports and Nvidia’s earnings. Despite initial…
Swiss Gold Imports from U.S. Soar to 12-Year High
Swiss gold imports from the U.S. jumped to a record 63 metric tons in April, marking the highest level since 2012, thanks to the exclusion of precious metals from U.S. import tariffs. Although Switzerland’s total gold exports fell by 31% month-on-month, deliveries to India and China increased slightly. Some gold…
Citi Sees Gold at $3,500 as Americans Boost Holdings
Citi has reaffirmed its short-term gold price target at $3,500 per ounce, citing rising tariffs and geopolitical risks as key drivers. The bank has raised its gold price estimate from $3,000–$3,300 to a range of $3,100–$3,500, even as it maintains a cautious long-term outlook. Citi predicts gold prices will consolidate…
Trump’s Tariff Threats Could Drive Gold to New Highs
Gold prices climbed to new highs following President Trump’s threats to impose hefty tariffs on the EU and Apple, fueling investor demand for the precious metal. Gold futures settled at $3,363.60 per ounce, up 2.2%, with analysts noting global spending on gold has hit a 50-year peak. Miners are seeing…
Harmony Gold Buys Mac Copper for $1 Billion to Expand into Copper
Harmony Gold, South Africa’s leading gold producer, has announced a $1.03 billion cash deal to acquire Australia’s Mac Copper Ltd. This acquisition, offering a 20.7% premium to Mac Copper’s share price, gives Harmony control of the producing CSA Copper mine in New South Wales, which generated 41,000 tons of copper…