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….
Monday’s Gold Selloff: Temporary Dip or Beginning of a Correction?
Gold prices dropped more than 3% on Monday following eased trade tensions between the US and China. Despite this significant decline, experts like Peter Grant from Zaner Metals suggest that the long-term outlook for gold remains positive. Analysts at Ned Davis Research recommend holding rather than selling gold positions, noting…
Fed’s Powell: Economy Faces More Volatile Inflation Environment Ahead
Fed Chair Jerome Powell warned that future supply chain and commodity shocks could make inflation more volatile than in the 2010s. At a research conference, he noted that long-term interest rates are now much higher than after the 2007-09 financial crisis, with the current Fed benchmark at 4.25%-4.5%. As part…
Despite Recent Dip, Gold Maintains 20% Yearly Gain Amid Economic Uncertainty
Gold prices have stabilized around $3,180 per ounce after recently falling to a one-month low. The market is waiting for signals from Federal Reserve Chair Powell’s upcoming speech and new economic data. Despite recent losses due to expectations of fewer Fed rate cuts, gold remains up over 20% this year,…
Gold Prices Steady Near $3,180 Ahead of Key U.S. Economic Data
Gold prices recovered from early losses on Thursday, holding steady at $3,179.07 per ounce as the U.S. dollar weakened. Analysts attribute this recovery to short-covering and technical support near the $3,130 level, a key trendline since early 2024. The recent U.S.-China agreement to reduce tariffs has somewhat decreased gold’s appeal…