London’s Gold Shortage: A Symptom Of Global Economic Anxiety
London’s Gold Shortage: A Symptom Of Global Economic Anxiety Via SchiffGold.com, The world of finance is witnessing a significant shift as a massive transfer of gold makes it way from London to the United States. This isn’t merely a shuffling of bullion, it’s a symptom of worldwide economic anxieties. London is encountering a gold shortage […]
Futures, Dollar Rise, Gold Soars After Trump’s Latest Tariff Salvo
Futures, Dollar Rise, Gold Soars After Trump’s Latest Tariff Salvo US equity futures are higher, led by Tech as investors largely ignored tariff headlines, in this case the 25% tariffs on steel/aluminum which were announced yesterday, and which will predominantly impact both Canada and Mexico. As of 8:00am ET, S&P futures are 0.5% higher, reversing […]
Why A Chinese Gold Mania May Be Starting
Why A Chinese Gold Mania May Be Starting By Jesse Colombo of The Bubble Bubble Report The current gold bull market began in the spring of 2024, fueled in large part by aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE), while Western investors remained largely on the sidelines. In just six weeks between […]
Gold Bulls Roar: Citi, UBS Project $3,000 Target
Citi and UBS have significantly upgraded their gold price forecasts to $3,000 per ounce, reflecting growing confidence in the precious metal’s bull run. Citi raised its average yearly forecast to $2,900, while UBS adjusted its 12-month target upward from $2,850. The revisions stem from multiple factors: escalating trade tensions, substantial…
Precious Predicament: London’s Jewelry Quarter Adapts to Gold Boom
London’s Hatton Garden jewelry quarter is experiencing a unique situation as gold prices reach record highs. While some sellers are capitalizing on the increased value of their gold items, jewelers face challenges with rising costs and changing consumer behavior. The surge in gold prices has led to a shift in…
China Opens $27B Insurance Gateway to Gold Market
China has launched a pilot program allowing ten major insurance companies to invest up to 1% of their assets in gold, potentially releasing $27.4 billion into the gold market. This historic policy shift, which began last Friday, comes as gold prices hit new records above $2,898 per ounce, driven by…
Silver Breaks $32 Mark as Dollar Retreats Amid Trade Tensions
Silver prices have surged to $32.30 as investors seek safe-haven assets following President Trump’s announcement of new steel and aluminum tariffs. The precious metal’s gains were further supported by a retreat in the US Dollar Index from 108.50 to 108.10. Technical analysis indicates a bullish outlook, with the 20-day EMA…
Gold Hits Seventh Record This Year as Trade Fears Mount
Global gold markets are experiencing a remarkable surge, with spot gold jumping 1.4% to reach a historic high of $2,903.08 per ounce – marking its seventh record this year. The rally is primarily driven by safe-haven demand following President Trump’s announcement of new steel and aluminum tariffs, along with plans…
Historic Gold Rally Hits $2,900 Amid Trump Tariff Plans
Gold hit a historic high of $2,903 per ounce following President Trump’s announcement of impending steel and aluminum tariffs. The surge reflects growing market uncertainty, with investors turning to gold as a safe haven. China’s increased gold reserves and new policy allowing insurers to invest in bullion further strengthen the…
Currency Markets Whipsaw as Trump’s Trade Plans Spark Safe-Haven Rush
Markets showed mixed reactions to President Trump’s latest trade announcement, with both the dollar and gold strengthening as safe-haven assets. The proposed 25% tariffs on steel and aluminum imports sparked volatility across markets, though US stock futures indicated a potential recovery from Friday’s decline. While the Bloomberg Dollar Spot Index…