Safe-Haven Gold Climbs to Two-Week High Amid Trade Tension Fears
Gold hit a two-week high on Tuesday, reaching $3,374.78 per ounce as investors flocked to safe havens following President Trump’s new tariff announcements. The rise comes amid ongoing trade tensions and dollar reserve currency concerns. Having reached a record $3,500.05 last month, analysts predict gold will test these heights again…
Gold Surges Past $3,380 as Dollar Weakens Against Asian Currencies
Gold prices have risen by 1.6% to over $3,387 per ounce, primarily driven by increased demand from China as markets reopened after a five-day holiday. The precious metal’s value has increased by more than 25% this year, reaching a record high of $3,500 in April. This growth is attributed to…
Federal Reserve Expected to Maintain Course Despite Growing Economic Concerns
The Federal Reserve is expected to hold interest rates steady this week despite President Trump’s calls for cuts. This decision is bolstered by April’s strong job growth of 177,000, which demonstrates labor market health. Though inflation is slowly easing, proposed import tariffs could potentially reverse this trend. In a recent…
Louisiana Legislator Proposes Gold and Silver as Legal Tender in New Bill
Louisiana is considering legislation that would recognize gold and silver as official currency in the state. House Bill 386, introduced by Republican Representative Raymond Crews of Bossier City, defines how precious metals would function as currency and states that the Louisiana State Treasurer would oversee implementation. The bill specifies that…
Goldman Sachs: Central Bank Demand Will Keep Gold Outshining Silver
According to Goldman Sachs, gold will continue to outshine silver in the investment market. The bank attributes this to three key factors: – strong central bank purchases of gold, – slowing Chinese solar production (which affects silver demand), – and high recession risk. Gold prices have surged nearly 26% this…
ANZ: Gold’s Correction Creates Prime Buying Window on Path to $3,600
ANZ Bank sees gold’s recent retreat from its $3,500/oz peak as a temporary correction creating a buying opportunity. Despite improved US-China relations, several factors support higher gold prices: Q1 US GDP contracted for the first time since 2022, inflation expectations rose to 6.7% due to tariff pressures, and markets anticipate…
25 Years Of Higher Interest Rates Ahead?
25 Years Of Higher Interest Rates Ahead? Authored by Charles Hugh Smith via OfTwoMinds blog, Interest rates are linked to inflation, but they’re also linked to risk. As a result of recency bias, where we assume the recent past is a permanent state of affairs, many believe near-zero interest rates are “normal.” They aren’t. As the chart […]
Mining Giants Consolidate: Gold Fields Takes Full Control of Gruyere Mine in $2.4B Deal
South African mining company Gold Fields has agreed to buy Australian miner Gold Road Resources for A$3.7 billion ($2.4 billion), offering a 14.5% premium over Gold Road’s previous closing price. This acquisition will give Gold Fields complete ownership of the Gruyere gold mine in Western Australia, which the two companies…
Safe-Haven Demand Pushes Gold Up 2% Amid Dollar Weakness
Gold prices jumped over 2% on Monday due to a weakening dollar and investors seeking safe-haven assets following President Trump’s announcement of new tariffs. The metal reached $3,313.21 per ounce as markets await the Federal Reserve’s upcoming decision on interest rates. Goldman Sachs predicts gold will continue to outperform silver,…
Gold Rebounds Above $3,300 as Markets Await Fed Decision
Gold prices have bounced back above $3,300 per ounce after experiencing their first consecutive weekly losses this year. Investors are watching closely as the Federal Reserve prepares for its meeting this week, where rates are expected to remain unchanged despite President Trump’s calls for cuts following strong job data. Gold…