Watch Live: Chair Powell Tells Congress Fed’s In ‘No Rush To Cut Rates’, Inflation “Well Anchored”
Watch Live: Chair Powell Tells Congress Fed’s In ‘No Rush To Cut Rates’, Inflation “Well Anchored” Watch live coverage as Fed Chair Jerome Powell begins two days of testimony on Capitol Hill (due to start at 1000ET): As we previewed, Fed Chair Jerome Powell said (in prepared remarks) that the central bank doesn’t need to rush to […]
Gold’s Physical Demand Surge Prompts Citi to Target $3,300
Citibank has raised its gold price target to $3,300, citing unprecedented physical demand rather than speculation as the primary driver. “Using our quarterly price changes model, we see gold prices rising to well over $3,300/oz, though we view this is a bull case given the potential for jewelry and scrap…
Record-Breaking Gold Rush Pushes Metal Toward $3,000
Gold has surged to a record $2,940 per ounce, marking its seventh peak in 2025 and an 11% gain this year following 2024’s 27% advance. President Trump’s announcement of 25% tariffs on steel and aluminum imports has amplified inflation concerns, while central banks’ persistent buying – surpassing 1,000 tons annually…
Gold Rises Past $2,900 Amid Fresh Trade Tensions
Gold reached a historic high of $2,942 per ounce as markets react to President Trump’s announcement of 25% tariffs on steel and aluminum imports. While U.S. steelmaker stocks rose, global markets remained relatively stable, with investors anticipating potential deal-making and exemptions. China has responded with retaliatory duties, yet Hong Kong’s…
Gold Tops $2900 As China Pushes Insurance Companies Into Precious Metals
Gold Tops $2900 As China Pushes Insurance Companies Into Precious Metals Hot on the heels of the People’s Bank of China’s (PBOC) recent resumption of official gold purchases (after a six-month pause), and amid ongoing economic turmoil domestically and trade-war threats geopolitically, Beijing has launched a pilot program that allows insurers to buy gold for the first […]
The Silver Squeeze: Market Manipulation & The Coming Storm
The Silver Squeeze: Market Manipulation & The Coming Storm Authored by Kevin Bambrough via DailyReckoning.com, The silver market has always fascinated me, particularly because of its dual role as both a precious and industrial metal. What many don’t realize is that we’re heading into what could be the most significant silver bull market in history […]
London’s Gold Shortage: A Symptom Of Global Economic Anxiety
London’s Gold Shortage: A Symptom Of Global Economic Anxiety Via SchiffGold.com, The world of finance is witnessing a significant shift as a massive transfer of gold makes it way from London to the United States. This isn’t merely a shuffling of bullion, it’s a symptom of worldwide economic anxieties. London is encountering a gold shortage […]
Futures, Dollar Rise, Gold Soars After Trump’s Latest Tariff Salvo
Futures, Dollar Rise, Gold Soars After Trump’s Latest Tariff Salvo US equity futures are higher, led by Tech as investors largely ignored tariff headlines, in this case the 25% tariffs on steel/aluminum which were announced yesterday, and which will predominantly impact both Canada and Mexico. As of 8:00am ET, S&P futures are 0.5% higher, reversing […]
Why A Chinese Gold Mania May Be Starting
Why A Chinese Gold Mania May Be Starting By Jesse Colombo of The Bubble Bubble Report The current gold bull market began in the spring of 2024, fueled in large part by aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE), while Western investors remained largely on the sidelines. In just six weeks between […]
Gold Bulls Roar: Citi, UBS Project $3,000 Target
Citi and UBS have significantly upgraded their gold price forecasts to $3,000 per ounce, reflecting growing confidence in the precious metal’s bull run. Citi raised its average yearly forecast to $2,900, while UBS adjusted its 12-month target upward from $2,850. The revisions stem from multiple factors: escalating trade tensions, substantial…