Central Banks’ Secret Gold Rush: Why 80 Tons Monthly Signals Dollar Distrust
Gold prices are defying traditional market logic, approaching $3,400 per ounce despite expectations of a pullback. The key driver isn’t retail investors but central banks, which are secretly buying approximately 80 metric tons monthly. This shift reflects growing concerns about the US dollar’s reliability as a reserve currency, particularly as…
Baffle ‘Em With Bullshit: Services Surveys Signal Soaring & Plunging Economy
Baffle ‘Em With Bullshit: Services Surveys Signal Soaring & Plunging Economy After the mixed picture from Manufacturing surveys (ISM ugly, PMI solid); both Services surveys – due this morning – were expected to rise in May. S&P Global US Services PMI surged to 53.7 in May, from 52.3 flash and up from 50.8 in April […]
Bank of Canada Keeps Rates At 2.75% As Expected, As It Waits To See Impact Of Trump Tariffs
Bank of Canada Keeps Rates At 2.75% As Expected, As It Waits To See Impact Of Trump Tariffs The Bank of Canada held interest rates steady at 2.75% for a second straight meeting – matching economist and market estimates – but warned there may be a need to cut borrowing costs if the economy weakens […]
Gold Prices Steady at $3,349 Amid Trade Tensions and Mixed Jobs Report
Gold prices remained stable at $3,349.19 per ounce on Wednesday as two opposing forces balanced each other out. While stronger U.S. job openings data typically pushes gold prices down, ongoing trade tensions between the U.S. and China are keeping demand for gold as a safe investment high. Analysts expect gold…
Global Central Banks Tap Brakes on Gold Purchases as Prices Hit Records
Central banks worldwide added 12 metric tons of gold to their reserves in April, marking the second month in a row of reduced buying activity. This represents a 12% drop from March and falls below the 12-month average of 28 tons. Poland’s National Bank continues to lead global gold purchases,…
Earth’s core releases gold and precious metals through volcanic eruptions
Most of Earth’s gold is locked deep within the planet’s super-hot molten core. However, new research on Hawaiian volcanic rocks reveals that this gold—along with other precious metals like platinum—is slowly escaping. Scientists discovered traces of rare silver-gray metals in volcanic rock samples. These metals were common when Earth formed…
Gold IRA vs. Physical Gold: Diversify Your Wealth the Right Way
Gold IRA vs Physical Gold Investment is a crucial consideration for anyone seeking stability in today’s economically uncertain world. As precious metals maintain their reputation as safe-haven assets, investors increasingly turn to gold to diversify beyond traditional stocks and bonds. However, how you choose to invest in gold can make…
Profit-Taking Halts Gold’s Rally Near $3,380 Amid Trade Policy Uncertainty
After touching its highest level since May 8, gold retreated on Tuesday as the U.S. dollar recovered from a one-month low, making the precious metal more expensive for international buyers. The decline of 0.7% to $3,356.75 per ounce reflects investor caution surrounding evolving U.S. trade policies, including President Trump’s recent…
Silver Eyes $40 Target as Critical $34 Resistance Nears Breaking Point
Silver prices are approaching a critical breakout level at $34 per ounce, with analysts predicting a potential surge to $40 if this resistance is broken. Market strategist Michele Schneider sees silver as increasingly attractive compared to gold, noting that the gold-silver ratio is declining from recent highs. This pattern mirrors…
Geopolitical Tensions Drive Gold Mining Stocks to Double-Digit Gains
Gold mining stocks surged on Monday, with Iamgold up 8.9%, Gold Fields rising 9.5%, and Fortuna Mining jumping 12.1%. The rally followed a 2.7% increase in gold prices driven by mounting geopolitical tensions over the weekend. Two major events sparked investor concerns: – President Trump accused China of violating trade…