Gold Approaches Triangle Breakout as Trade Tensions Resurface
Gold is approaching a breakout from a consolidation triangle pattern as markets shift to risk-off sentiment amid ongoing trade tensions and political uncertainty. The metal has been trading in a narrow range but technical analysis suggests an imminent directional move, with politics likely determining the direction. Trump’s decision to double…
Why Central Banks Are Quietly Abandoning the Dollar for Gold
Central banks are secretly accumulating massive amounts of gold – over 1,000 metric tons annually – as they diversify away from the U.S. dollar amid rising geopolitical tensions and economic uncertainty. Most of this buying goes unreported, with trade data revealing mysterious gold flows through major refining hubs to undisclosed…
Gold Climbs 0.7% After Disappointing Economic Data Weakens Dollar
Gold prices surged on Wednesday, June 4th, climbing $23.30 to close at $3,373.50 per ounce – the highest closing level in nearly a month. This 0.7% gain more than made up for Tuesday’s decline and was driven by two key factors: a weakening U.S. dollar (down 0.5%) and disappointing economic…
Goldman Delivers Sobering Rates Outlook For Homebuyers
Goldman Delivers Sobering Rates Outlook For Homebuyers Uncertainty is running high among prospective homebuyers as elevated mortgage rates have pushed buying conditions to the worst levels in decades. While many are hoping for rate relief in the second half, a new Goldman “Housing and Mortgage Monitor” report suggests that relief is unlikely anytime soon. Goldman […]
Gold and Silver Rally Through Resistance While Copper Awaits Tariff Verdict
Gold and silver surged through important price barriers on Monday, driven by a weakening US dollar and growing concerns about global trade tensions. Gold broke above its downtrend from April’s record high, establishing new support at $3,325, while silver posted its strongest one-day gain since October, jumping 5.4% to breach…
“Let The Games Begin”: Nintendo Switch 2 Launches With Retail Frenzy As Goldman Reaffirms Bullish Outlook
“Let The Games Begin”: Nintendo Switch 2 Launches With Retail Frenzy As Goldman Reaffirms Bullish Outlook Footage on X shows gaming fans nationwide lining up outside Best Buy, GameStop, and other electronics retailers overnight, eager to get their hands on the next-generation Nintendo Switch. “Let the games begin!” Nintendo of America declared in an early […]
The ETF Illusion: What Gold Investors Must Know
Most investors think they own gold. But according to expert Alan Hibbard, much of it might not be what it seems. In this revealing Big Biz interview, Alan breaks down the quiet — but growing — divide between paper gold (like ETFs) and true physical bullion. He also outlines how…
Beige Book Finds US Economy Diverging By Party Lines, No Trace Of Runaway Inflation
Beige Book Finds US Economy Diverging By Party Lines, No Trace Of Runaway Inflation Many were stunned after the latest inflation and core PCE data confirmed that the experts were once again dead wrong, and instead of the widely expected inflation tsunami, Trump’s tariffs have so far sparked only continued disinflation (which will only become […]
Is 2025 the New 1979? Why Gold Could Be Set to Double Again
Gold doubled in 42 days in 1979. The setup today looks eerily similar. Here’s why Mike Maloney says the biggest moves may still lie ahead.
Metals Markets Surge: Gold Hits $3,382 as Copper Supply Tightens
Gold futures climbed 0.2% to $3,382.60 per troy ounce as investors seek safety amid market uncertainty. The precious metal is benefiting from two main factors: President Trump’s new executive order doubling steel and aluminum tariffs, and escalating tensions between Russia and Ukraine. Central banks continue to support gold prices, adding…