UBS: Why Investors Should Look Beyond Gold’s Recent Retreat from Record Highs
Gold’s inability to sustain levels above $3,400/oz on three recent occasions might appear concerning, but UBS investment strategists argue this shouldn’t deter investors from maintaining gold positions. After struggling to break $2,100/oz until February 2024, gold has surged over 60% in 15 months, driven by both traditional factors (interest rates,…
Record Gold Prices Sparks Turf War: Mining Corporations vs. Millions of Miners in West Africa
Gold prices hitting record highs above $3,300 per ounce have intensified conflicts between corporate mining operations and illegal “wildcat” miners across West Africa. Major companies like Gold Fields, Newmont, and AngloGold Ashanti are deploying drones and seeking military protection as confrontations turn deadly—nearly 20 illicit miners have been killed since…
Gold and Dollar Rising Together: The “Impossible” is Happening
At the recent Rebel Capitalist Live event in Orlando, Mike Maloney sat down with Brent Johnson of Santiago Capital to explore a surprising trend: gold and the dollar rising together. Known for his contrarian Dollar Milkshake Theory, Johnson challenges the conventional belief that these two assets can’t move up in…
Goldman Sachs: Oil Could Hit $110 as Iran Threatens to Close Critical Shipping Rout
Goldman Sachs warns that oil prices could surge if problems arise in the Strait of Hormuz—the narrow waterway where much of the world’s oil passes through. The investment bank laid out what could happen: – If oil shipments through the strait were cut in half for a month, oil prices…
Gen Z’s Financial Reality Check: Smart Money Moves in an Uncertain Economy
Gen Z, shaped by the 2008 financial crisis and pandemic challenges, is actively preparing for a potential recession through practical strategies. They’re embracing budgeting trends like “no-buy” challenges, using financial apps, and shifting away from “YOLO” spending. Many are developing multiple income streams through side hustles and skill-building, while others…
Precious Metal Dips as Currency Markets React to Iranian Nuclear Site Strikes
Gold experienced a modest decline Monday, dropping 0.4% to $3,354.03 per ounce, as geopolitical tensions paradoxically strengthened the U.S. dollar rather than boosting traditional safe-haven gold. The dollar’s 0.3% rise came after U.S. forces struck Iranian nuclear sites with 30,000-pound bunker-buster bombs, prompting Iran to vow self-defense. President Trump raised…
Gold Retreats Despite US-Israel Strikes on Iran’s Nuclear Facilities
Gold fell to $3,355 per ounce despite escalating Middle East tensions after the US and Israel attacked Iran’s nuclear facilities over the weekend. After initially rising 0.8%, gold reversed course as the dollar strengthened. Why gold isn’t rallying: While geopolitical conflicts typically boost gold as a safe-haven asset, investors have…
Silver Sleeper: The Most Overlooked Asset in the Reset
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Escobar: Iran Now First Line Of Defense For BRICS & The Global South
Escobar: Iran Now First Line Of Defense For BRICS & The Global South Authored by Pepe Escobar, This is as serious as it gets. Let’s survey the chessboard – from micro to macro… The crying shadow in the funeral dance,The loud lament of the disconsolate chimera. T. S. Eliot, Burnt Norton Israel’s shock’n’awe on Iran […]
India’s Gold Market Splits: Investment Demand Thrives While Jewelry Sales Stumble
India’s gold market showed mixed signals in May 2024, with gold prices climbing over 30% year-to-date despite a temporary pause in May. While jewelry sales slowed after the wedding season, physical gold investments remained strong, and gold-backed lending surged 120% year-over-year. Gold ETFs returned to positive territory with modest inflows…