Bank of Canada Keeps Rates At 2.75% As Expected, Sees “Significant Recession” In All-Out Trade War
Bank of Canada Keeps Rates At 2.75% As Expected, Sees “Significant Recession” In All-Out Trade War The Bank of Canada kept rates steady at 2.75% as expected, with the central bank saying it would support economic growth while ensuring that inflation remains well anchored. Here are some more highlights from the decision: TARIFFS: The major […]
Gold Soars Past $3,300 as Trump’s Mineral Tariff Probe Sparks Safe-Haven Rush
Gold prices hit a new record high of $3,317.90 per ounce on Wednesday as investors sought safe-haven assets following President Trump’s probe into potential tariffs on critical mineral imports. This move, seen as targeting China, comes alongside new export restrictions on AI chips to China. According to a BofA survey,…
Recession Fears Fuel Gold’s Rise as Major Banks Raise Price Targets to $3,500+
Goldman Sachs and UBS have issued new bullish forecasts for gold prices, raising their targets significantly. Goldman Sachs analysts now predict gold will reach $3,700 per ounce by the end of 2024 and climb to $4,000 by mid-2026. UBS is similarly optimistic, forecasting $3,500 per ounce by December 2025. These…
Goldman: “China Doesn’t Move Needle For Boeing Right Now”
Goldman: “China Doesn’t Move Needle For Boeing Right Now” Update (1442ET): Goldman analysts Noah Poponak and others reacted to Bloomberg’s report earlier this morning regarding China’s suspension of Boeing jet deliveries amid the deepening trade war between the U.S. and China. “We think the impact to Boeing is very small because China had already stopped taking Boeing […]
How Gold Protects Your Portfolio During Recessions
When the economy starts to falter, smart investors often reach for gold. Acting as a proven gold recession hedge throughout market cycles, this precious metal offers a financial sanctuary during uncertain times. But why exactly do gold and silver become so valuable when times get tough? Throughout history, gold has…
Rabobank: Just What Does A World In Which The Dollar Isn’t Reserve Currency Look Like?
Rabobank: Just What Does A World In Which The Dollar Isn’t Reserve Currency Look Like? By Michael Every of Rabobank The US has opened two new Section 232 trade actions likely to lead to 25% tariffs on semiconductors and pharma, as already flagged. Obviously, both industries will reel, and Ireland is likely to take a […]
Gold Up 23% in 2025 Amid Trade War Fears
Gold prices continued their upward trend on Tuesday, rising 0.3% to $3,219.99 an ounce after hitting an all-time high of $3,245.42 on Monday. This surge comes as investors increasingly turn to gold as a safe-haven asset amid growing concerns about US President Donald Trump’s proposed tariffs, particularly on semiconductors and…
Record Q1 for China’s Gold Market
China’s gold market showed strong performance in March 2025, with benchmark prices surging over 8% and concluding an unprecedented first quarter. While wholesale demand fell 36% year-over-year due to weakness in January and February, March saw a rebound in Shanghai Gold Exchange withdrawals. Chinese gold ETFs attracted ¥5.6 billion in…
Silver’s Hidden Advantage: Why It May Outperform Gold in 2025
In times of global uncertainty, where should you put your money? Alan Hibbard’s latest interview makes a compelling case for precious metals that you need to hear. Alan reveals why gold remains essential in any portfolio and shares an insider’s perspective on silver’s untapped potential — and why it might eventually…
Behind Closed Doors: Half of Central Banks Secretly Intervene in Currency Markets
The 21st annual Central Banking survey, sponsored by HSBC, has revealed that currency market intervention by central banks is far more common than publicly acknowledged. Half of the 84 responding central banks, collectively managing $7.1 trillion, confirmed they had intervened in currency markets within the past year. The survey also…