Stronger Jobs Data, Rising Yields Weigh on Gold
On Friday, spot gold eased to $3,357.25 an ounce (–0.3%) after U.S. jobless claims fell for the sixth consecutive week—the longest run of declines since 2022—reinforcing views that the Federal Reserve will keep rates unchanged at next week’s meeting. Treasury yields climbed, and swap markets trimmed their rate-cut forecasts to…
Gold Prices Cushion Newmont’s Production Dip, Boost Q2 Profit
Newmont Mining — the world’s largest gold producer — posted adjusted Q2 earnings of $1.43 per share—beating the $1.18 consensus—as soaring gold prices offset an 8% drop in production to 1.48 million ounces. With bullion averaging $3,220/oz (up 12% QoQ and 40% YoY) and realized prices near $3,320/oz, higher revenues…
Gold Retreats on Trade Optimism, but Dollar and Fed Cuts Offer Support
“Renewed hopes for a U.S.–EU trade deal (potentially setting a 15% tariff with exemptions) alongside progress on U.S.–Japan talks have lifted stock markets and dented gold’s appeal as a refuge. On Friday, gold futures slipped to $3,356.10/oz and spot prices to $3,360.13/oz. OANDA’s Kelvin Wong attributes part of the pullback…
India Widens Gold Discounts to $15/Oz Amid Sluggish Buying
“This week, Asian physical gold markets saw muted buying as higher prices dampened sentiment and pushed dealers to offer steeper discounts. In India—the world’s largest consumer—jewellers quoted up to $15/oz off official domestic rates (which include a 6% import duty and 3% sales tax), up from a $10/oz discount last…
Gold Slips to $3,343 as Dollar Strength and Trade Hopes Rise
On Friday, spot gold fell to $3,343.00 per ounce (–0.7%) and U.S. futures slid to $3,344.50 (–0.9%) as the U.S. dollar index rebounded from a two-week low and benchmark 10-year Treasury yields ticked higher. Traders cheered news that the U.S. and EU are close to a negotiated tariff solution, and…
Money Manager Sues Powell, Demands Fed Rate Talks Go Public
On Thursday, Azoria Capital—led by Trump ally James Fishback—filed suit in Washington, D.C., claiming the Federal Open Market Committee’s secret sessions breach a 1976 statute requiring public access. The complaint asks the court to compel the Fed to open its next policy meeting to the public. Azoria argues that real-time…
Half of Monetary Authorities to Boost Gold Reserves by 2028
Nearly half of the world’s central banks plan to boost their gold reserves over the next three years, driven by the economic and political uncertainty stoked by President Trump’s tariff-driven trade policies. Invesco’s research finds that 50% of monetary authorities view gold as a vital “reserve of resilience,” prized for…
China’s Gold Demand Falls 3.5% in First Half of 2025
In H1 2025, China imported and mined a combined 505.205 tonnes of gold for use in jewelry, investment, and industry—a drop of 3.54% from the 524 tonnes recorded in the first six months of 2024. The China Gold Association noted that slower consumer spending, tempered investor appetite, and muted industrial…
Gold Miners Trapped 500 Meters Underground In British Columbia
Gold Miners Trapped 500 Meters Underground In British Columbia Three miners have been trapped 500 meters underground at Newmont Corp.’s Red Chris mine in northwest British Columbia since Tuesday after part of a non-producing area of the mine collapsed. “At the time of the initial incident, three business partner employees were working more than 500 […]
Central Banks Hesitate on Further Rate Cuts Amid Inflation, Tariffs
Central banks around the world are easing off on rate cuts as many near the end of their monetary-stimulus cycles. Persistently high inflation and rising trade-war tariffs have made policymakers cautious, while political pressures—especially President Trump’s repeated public remarks about possibly firing Fed Chair Jerome Powell—add another layer of uncertainty.