Trump Administration to Issue New Tariff Rates to Trading Partners Without Negotiations
President Trump announced that his administration will send letters to trading partners within the next 2-3 weeks outlining tariff rates for doing business with the US. Trump claims there are too many countries (around 150) wanting trade deals for his team to meet with individually. While some priority countries like…
Trade Tensions vs. Inflation Data: What’s Really Driving Gold’s Wild Swings?
Gold prices experienced significant volatility on Thursday, initially dropping to $3,120 per ounce before rebounding by more than $100 during the day. This movement was caused by two opposing factors: reduced demand for safe havens as US trade tensions eased, and weak US inflation data that strengthened expectations for interest…
“Better to Wait”: Chinese Mining Leader Cautious on Acquisitions Despite Record Gold Rally
Chinese gold company Chifeng Gold is looking for acquisition opportunities worldwide but is being cautious due to recent price fluctuations. The company has grown rapidly, increasing its gold output from 2 tons in 2019 to 15.2 tons in 2023 through mines in China, Ghana, and Laos. After raising $361 million…
Asian Gold Buyers Return as Prices Pull Back from Record Highs
Gold demand across key Asian markets improved this week as prices dropped from recent highs. In India, dealers offered discounts of $34 per ounce, with traders suggesting demand could surge further if prices fall to around 90,000 rupees. Chinese dealers charged premiums of $9-$50 per ounce, with analysts noting the…
Gold Pulls Back from Record Highs as Global Trade Relations Improve
Gold prices fell by as much as 1.4%, trading near $3,200 an ounce and extending its weekly loss of approximately 3.5%. This decline follows two main factors: profit-taking after recent gains and reduced safe-haven demand due to improving US-China trade relations. According to Christopher Wong of Oversea-Chinese Banking Corp, gold…
“We’re Going To Be Fair”: Trump Will Set Tariff Rates For Other Nations In Weeks
“We’re Going To Be Fair”: Trump Will Set Tariff Rates For Other Nations In Weeks President Trump has departed Abu Dhabi aboard Air Force One, concluding a historic week in the Middle East that saw the signing of more than a trillion dollars in deals aimed at advancing his ‘America First’ agenda. .@POTUS boards Air […]
Gold Tumbles 4% in Worst Weekly Slump Since November
Gold prices fell over 2% on Friday, marking its worst weekly performance since November 2024 with total losses exceeding 4%. The decline stems from the dollar’s fourth straight weekly gain and reduced safe-haven demand following a temporary U.S.-China trade agreement. This drop comes after gold reached an all-time high of…
Incrementum: In Gold We Trust Report
This year’s In Gold We Trust report by Incrementum introduces what the authors call the “new gold playbook”, driven not by Western financial markets, but by surging demand from central banks and emerging markets, especially China. The gold market’s center of gravity is shifting East, away from ETFs and Wall…
Goldman Sachs, JP Morgan Revise Economic Outlook Following 90-Day Tariff Truce
Major financial institutions including Goldman Sachs, JP Morgan, and Barclays have reduced their U.S. recession forecasts following a 90-day tariff truce between the U.S. and China. Goldman Sachs lowered its recession probability from 45% to 35% and increased its 2025 U.S. GDP growth forecast to 1%. The banks have also…
The Quiet Bank Run in Gold: Why Comex Data Shouldn’t Be Ignored
Written by: The MacroButler The Truman Show’s roots trace back to screenwriter Andrew Niccol’s dark idea, The Malcolm Show—a dystopian thriller about a guy unknowingly trapped in a corporate-sponsored fishbowl. Enter director Peter Weir, who swapped the doom-and-gloom for satire and cast Jim Carrey in a rare “no rubber face” role….