Gold Miners Tumble as Bullion Retreats from Record High
Gold mining stocks pulled back Friday after a strong 2024 rally. Newmont fell 2.2% in premarket trading—the S&P 500’s worst performer—as gold prices dropped 1.5% to $3,296.40 per ounce. Gold hit a record high on June 13 during global trade tensions but has since fallen 4.5% as investors shifted back…
Gold Tumbles to One-Month Low as Geopolitical Risks Ease
Gold prices dropped over 1% on Friday to their lowest level in nearly a month, falling to $3,282.68 per ounce. The decline was driven by easing global tensions, including the Iran-Israel ceasefire and progress on U.S.-China trade discussions. Gold has lost more than 2% this week and fallen over $200…
Trump’s Fed Criticism Sparks European Fears Over $245 Billion in US-Stored Gold
Germany and Italy are under pressure to bring home $245 billion worth of gold currently stored in US Federal Reserve vaults. European politicians and taxpayer groups worry that President Trump’s criticism of the Federal Reserve could threaten their gold’s safety. Germany has about 1,200 tonnes (one-third of its reserves) in…
Dollar Set for Further Decline as Foreign Investors Boost Currency Protection
Goldman Sachs’ Richard Chambers predicts the dollar will continue to weaken as foreign investors increase their currency hedges due to market volatility. The Bloomberg Dollar Index has fallen over 8% this year—its worst start ever—amid policy uncertainty. Chambers expects reduced foreign demand for US bonds as European investors focus on…
House GOP Accelerates ActBlue Probe With New Subpoena
House GOP Accelerates ActBlue Probe With New Subpoena Reps. James Comer (R-Ky.), Bryan Steil (R-Wisc.), and Jim Jordan (R-Ohio)—who chair the House committees probing shady Democratic fundraising giant ActBlue—have issued a subpoena to former executive Alyssa Twomey, ordering her to testify on the platform’s handling of fraud prevention. The subpoena follows multiple attempts to obtain her […]
The Gold Strategy That Nearly Doubles Traditional Portfolios
For decades, financial advisors have preached the same gospel: allocate 60% of your portfolio to stocks and 40% to bonds. It’s been the cornerstone of “responsible” investing, the safe harbor endorsed by nearly every major financial institution. Now, in a striking reversal, Goldman Sachs — one of Wall Street’s most…
Gold Rises on Fed Uncertainty While Palladium and Platinum Surge to Multi-Year Highs
Gold prices advanced on Thursday, benefiting from a weaker U.S. dollar as markets grappled with uncertainty over Federal Reserve policy direction. Spot gold rose 0.2% to $3,339.38 per ounce, while U.S. gold futures gained 0.3% to $3,352.30. The dollar’s decline made gold more attractive to international buyers, while President Trump’s…
Shanghai Gold Exchange Goes Global: First International Vault Opens in Hong Kong
China has opened its first offshore gold vault in Hong Kong through the Shanghai Gold Exchange (SGE), marking the exchange’s first expansion outside mainland China. The new facility will allow trading in Chinese yuan rather than US dollars, supporting China’s efforts to reduce dollar dependence. As the world’s largest gold…
Global Reserve Managers Pivot to Gold Amid Rising Geopolitical Risks
The global economic landscape is experiencing a fundamental shift, prompting central banks worldwide to reconsider their traditional investment approaches. OMFIF’s latest Global Public Investor report, surveying 75 central banks managing over $7 trillion in assets, reveals significant changes in reserve management strategies. Key findings show that 96% of reserve managers…
“Gold Is Money Good” – Ed Dowd Warns “Deflationary Scare” Will Prompt Fed Panic
“Gold Is Money Good” – Ed Dowd Warns “Deflationary Scare” Will Prompt Fed Panic Via Greg Hunter’s USAWatchdog.com Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com has been forecasting “Danger of Deep Worldwide Recession in 2025.” It looks like his thesis is turning out correct. He predicted interest rates would be declining. They […]