Gold Bounces Friday But Can’t Escape Weekly Loss After Inflation Shock
Gold prices rose slightly on Friday, supported by a weaker US dollar, but are still heading for a 1.7% weekly decline. The drop came after Thursday’s producer price data showed the biggest increase in three years, reducing expectations for a large Federal Reserve rate cut in September. While consumer price…
Weekly Gold Decline Follows Surge in US Wholesale Prices
Gold prices are set to decline this week after US wholesale inflation data came in higher than expected in July. The stronger inflation report reduced expectations for a Federal Reserve interest rate cut in September, with traders now seeing only a 90% chance of a cut versus full certainty earlier….
Swiss Gold Traders Fear Reputational Damage from Proposed 39% U.S. Export Tax
Switzerland’s gold industry has firmly rejected Swatch CEO Nick Hayek’s proposal to impose a 39% export tax on gold bars shipped to the United States. Hayek suggested the retaliatory measure after President Trump imposed 39% tariffs on Swiss imports, though gold was later exempted. The Swiss Association of Manufacturers and…
Goldman Finds America’s Egg Supply Has “Likely Normalized” After Supply Shock
Goldman Finds America’s Egg Supply Has “Likely Normalized” After Supply Shock Remember when the Biden-Harris regime’s controversial response to avian flu, which included culling roughly 150 million egg-laying hens, triggered a sharp, nationwide spike in egg prices? That reckless policy was baseless. Then, upon taking office for his second term, President Trump moved quickly to address the supply shock, implementing countermeasures aimed at […]
Kansas City Fed Chief: Keep Rates Steady as Inflation Remains Above Target
Kansas City Fed President Jeffrey Schmid defended the Federal Reserve’s decision to maintain interest rates at their current 4.25%-4.5% range, calling the modestly restrictive stance “exactly where we want to be.” Speaking amid ongoing inflation concerns, Schmid noted that while monetary policy is restrictive, it’s not overly so, citing record-high…
Instacart Doomed? Goldman Sees Millions Of Prime Members Flocking To Amazon’s Same-Day Grocery
Instacart Doomed? Goldman Sees Millions Of Prime Members Flocking To Amazon’s Same-Day Grocery Amazon CEO Andy Jassy took to X this morning to promote new plans to expand the company’s same-day grocery delivery service from 1,000 to over 2,300 cities by year-end. With 129 million Prime members, the expansion could be an instant hit, putting fresh pressure on […]
Swiss Gold Traders Reject Swatch CEO’s ‘Go on Offensive’ Plan Against U.S. Tariffs
Switzerland’s gold industry has expressed skepticism about Swatch CEO Nick Hayek’s proposal to impose a 39% export tax on gold bars shipped to the United States. Hayek suggested the retaliatory measure after President Trump imposed 39% tariffs on Swiss goods, though Trump later clarified gold would not face tariffs. The…
The Perfect Storm: Why Silver’s 5-Year Supply Deficit Could Trigger a Historic Price Reset
The Supply Crisis Building in Plain Sight For the past five to seven years, the silver market has been running on empty. Global consumption consistently exceeds production, creating a persistent deficit that’s draining above-ground supplies. Unlike paper assets created with keystrokes, silver is finite — and we’re using more than…
Bessent’s Call for 1.5% Rate Reduction Supports Gold
Gold prices maintained modest gains after U.S. Treasury Secretary Scott Bessent urged the Federal Reserve to cut interest rates by at least 1.5 percentage points. The precious metal rose as much as 0.6% before settling near $3,365 per ounce. Lower interest rates typically benefit gold since it doesn’t pay interest,…
Breaking the Rules: Why Gold Is Ignoring Traditional Market Signals in 2025
Gold continues its impressive rally in 2025, rising over 25% and heading for a third straight year of double-digit gains—a performance streak unseen since the mid-2000s. The precious metal has broken from traditional patterns, ignoring typical drivers like real yields and dollar strength. Instead, geopolitical tensions, trade protectionism, and central…