European Chaos Is Back: EU Leaders Fail To Agree On Aid To Ukraine As German Debt Bonanza Blows Up PIGS Yields
European Chaos Is Back: EU Leaders Fail To Agree On Aid To Ukraine As German Debt Bonanza Blows Up PIGS Yields For a brief moment there, it seemed that the performative threat of an “imminent invasion” by Putin would make the European Union less dysfunctional than it always is (and indeed, when it comes to […]
Gold Could Hit $3,500 This Year as Citi Raises Price Targets on Strong Demand
Citi Research has increased its 3-month gold price target from $3,000 to $3,200 per ounce, driven by strong demand from official sectors and exchange-traded funds. Their bullish outlook suggests gold could reach $3,500 per ounce by year-end if investors seek protection against potential US economic stagflation or a hard landing.
Asian Gold Demand Crumbles Under High Prices, Indian Imports Hit 20-Year Low
Record gold prices are significantly impacting the Asian market, with India seeing discounts reach an eight-month high of $41 per ounce as demand plummeted. Domestic Indian gold prices surged to an unprecedented 89,796 rupees per 10 grams, climbing more than 15% since the beginning of the year. This price surge…
Gold Takes a Breather After Record Run, Still Set for Weekly Gain
Gold pulled back 0.5% to $3,030.81 on Friday as investors took profits after three straight record highs. The retreat was partly due to a stronger U.S. dollar (up 0.2%), which made gold more expensive for foreign buyers. U.S. gold futures also dipped 0.2% to $3,037.70. Despite this decline, gold remains…
Precious Metal Rally Continues: Gold Approaches $3,060 Amid Trade Tensions
Gold continues to trade near its all-time high of $3,057.49 per ounce as market instability grows over potential trade war escalation. With President Trump’s administration preparing to announce new tariffs on April 2, investors are flocking to gold as a safe haven asset. The precious metal has climbed 16% this…
Fed Slows Treasury Runoff to $5 Billion Monthly Until Debt Ceiling Resolution
Starting April 1, the Federal Reserve will slow down how quickly it shrinks its balance sheet. It will reduce the monthly cap on Treasury securities that mature without being replaced from $25 billion to just $5 billion, while keeping the mortgage-backed securities cap at $35 billion. Chair Powell noted that…
Physical Gold IRA vs. Gold Home Ownership: Which is Right for Your Retirement Strategy?
When it comes to incorporating gold into your retirement plan, two popular options stand out: Gold IRAs and physical gold ownership. But which one is right for you? Let’s break down the key differences to help you make an informed decision. What is a Gold IRA? A Gold IRA is…
Russia Climbs to Fifth Place in Global Gold Holdings, Reserves Hit $217.4 Billion
Russia’s gold reserves have reached a record $217.4 billion as of March 1, 2025, making it the fifth-largest gold holder in the world, ahead of China. Gold now makes up 34.4% of Russia’s foreign reserves, reflecting the Central Bank’s ongoing buying strategy that accelerated after relations with Western nations deteriorated…
Gold Hits Seven-Session Winning Streak as Fed Holds Rates, Cites Economic Uncertainty
Gold hit new record highs, peaking at $3,052.40 per ounce before settling at $3,049 (up 0.3%) after the Fed kept interest rates unchanged. The Fed still expects two rate cuts this year but warned of greater economic uncertainty. Gold has now risen for seven straight sessions, boosted by investors seeking…
Is the Bank of England Being Cleaned Out of Gold?
The Bank of England is hemorrhaging gold as we speak. In today’s eye-opening video, Mike Maloney reveals the shocking truth about the massive gold exodus from London to Switzerland and ultimately to U.S. exchanges. “There’s gold in the Bank of England for all these different countries… those countries should…