Gold Hits All-Time High as Trump’s Auto Tariffs Spark Trade War Fears
Gold has surged to an unprecedented record of over $3,079 an ounce, marking its fourth consecutive weekly gain amid escalating trade tensions. The precious metal rose 0.7% on Friday after President Trump signed a proclamation imposing 25% tariffs on all auto imports and threatened harsher measures against the EU and…
Futures Slide, Gold Soars Ahead Of Inflation Data Amid Tariff Turmoil
Futures Slide, Gold Soars Ahead Of Inflation Data Amid Tariff Turmoil US equity and global stock markets slumped while gold topped a fresh all time high as investors braced for today’s core PCE report, the Fed’s preferred inflation metric, and continued to worry about the lasting economic damage of the trade war amid daily tariff […]
Corporate Profits Surge 5.9% as US Economy Shows Resilience
The US economy grew 2.4% in Q4 2023, better than initially reported. Corporate profits jumped 5.9% – the biggest increase in over two years – with profit margins reaching 15.9%, well above pre-pandemic levels. This could help companies absorb future tariff costs without raising consumer prices. While consumer spending growth…
Silver Rises to $34 as Trump’s Auto Tariffs Fuel Uncertainty
Silver prices (XAG/USD) have risen to nearly $34 during European trading as President Trump’s announcement of permanent 25% tariffs on imported vehicles sparked global economic concerns, enhancing silver’s status as a safe-haven asset. These tariffs, effective April 2, will significantly impact top auto exporters to the US including Mexico, Canada,…
Goldman Sachs Raises Gold Target to $3,300 as Central Banks Keep Buying
Goldman Sachs has raised its gold price forecast for the end of 2025 from $3,100 to $3,300 per ounce. This positive outlook is based on two main factors: – First, more investors are buying gold through ETFs, a trend expected to continue as the Federal Reserve is predicted to cut…
Rep. Goldman: The FBI Investigation Of Tesla Attacks Is “Political Weaponization”
Rep. Goldman: The FBI Investigation Of Tesla Attacks Is “Political Weaponization” Authored by Jonathan Turley, For many of us who were long active in Democratic politics, it is becoming increasingly difficult to recognize the party as a new generation of foul-mouthed, censorship-supporting, mob-enabling leaders take over. That sense returned this week when Rep. Daniel Goldman (D-NY) claimed that the […]
Goldman Sachs Boosts Gold Target to $3,300
Goldman Sachs has raised its gold price forecast to $3,300 an ounce by the end of 2025, up from their previous target of $3,100 announced just last month. This bullish outlook is driven by stronger-than-expected central bank purchases, particularly from emerging markets, which analysts now estimate will average 70 tons…
States Work To Make Gold And Silver Alternative Currencies To US Dollar
States Work To Make Gold And Silver Alternative Currencies To US Dollar Authored by Kevin Stocklin via The Epoch Times (emphasis ours), Those who seethe as their dollars lose value to inflation may be pleased to know that many states are now working to pass laws that would allow gold and silver to be used—not […]
Goldman Sachs Boosts Gold Target to $3,300
Goldman Sachs has raised its gold price forecast to $3,300 an ounce by the end of 2025, up from their previous target of $3,100 announced just last month. This bullish outlook is driven by stronger-than-expected central bank purchases, particularly from emerging markets, which analysts now estimate will average 70 tons…
Record Gold Stockpiling Masks True Impact on US Economic Outlook
The US goods-trade deficit is expected to remain near record levels, with February data likely showing a gap approaching $162 billion due to massive gold bullion imports to New York. These imports are surging as traders rush to acquire physical gold before potential Trump tariffs on precious metals take effect….