NATO Chief ‘Totally Understands’ US Halting Weapons For Ukraine As Russia Celebrates
NATO Chief ‘Totally Understands’ US Halting Weapons For Ukraine As Russia Celebrates NATO Secretary General Mark Rutte spoke to Fox News in a Wednesday interview, reacting to the ‘shock’ White House announcement halting many arms and ammo transfers to Ukraine. Rutte said that he understands the United States’ need to safeguard its own defense stockpiles, […]
Gold Reverses Course After June Employment Numbers Beat Expectations
Gold prices dropped about 1% after the June jobs report showed stronger employment numbers than economists expected. The precious metal had been trading higher earlier in the day but reversed course following the data release. Despite the pullback, analysts remain optimistic about gold’s long-term prospects, with some predicting it could…
The Last Time Gold Moved Like This Was 1929
The Last Time Gold Moved Like This Was 1929 Authored by Peter Reagan via BirchGold.com, Speaking on the Money Sense podcast, Alasdair Macleod chimed in on why he believes we are in an environment similar to 1929, or the start of the Great Depression. In recent times, we have seen things compared often to infamous economic downturns, […]
Texas Joins States Recognizing Precious Metals as Money Starting 2027
Texas Governor Greg Abbott has signed House Bill 1056, making gold and silver legal tender in the state starting May 1, 2027. The law allows residents to use precious metals for everyday transactions based on values determined by the state comptroller. While the legislation recognizes gold and silver as payment…
Silver Outshines Global Markets with 10% June Rally – July Could Be Even Better
Silver posted impressive 10% returns in June 2024, outperforming stock and bond markets in Japan, Europe, and the U.S. Historical data suggests this momentum could continue, as July has been silver’s strongest month over the past decade. Two key factors are driving silver’s gains: First, with gold up 43% over…
20 Million Jobs at Risk: The Urgent Need to Formalize Small-Scale Gold Mining
Artisanal and Small-Scale Gold Mining (ASGM) produces 20% of global gold and employs 20 million people across Africa, Asia, and Latin America. Yet 85% operates outside the law, leaving it open to criminal exploitation. The World Gold Council reports that criminal networks use informal gold mining to fund illegal activities,…
Citi Forecasts Gold to Settle at $3,100-$3,500 in Q3 as Rally Cools
Investment bank Citi has revised its gold price outlook, expecting the precious metal to consolidate in the $3,100-$3,500 range during the third quarter of 2025. This represents a moderation from the April peak of $3,500 per ounce, with prices already dropping over $100 since Citi lowered its near-term target from…
HSBC Raises Gold Price Targets but Warns Rally May Have Peaked
HSBC analysts have raised their gold price targets but warn that the metal’s impressive rally may be losing steam. While they expect gold to reach $3,215 per ounce in 2025 (up from their previous $3,015 forecast), they believe most of the gains are already behind us. High prices have boosted…
Dollar Plunges to Multi-Year Lows as Trump’s $3.3 Trillion Budget Plan Sparks Debt Fears
The U.S. dollar fell sharply on Tuesday, particularly against the Japanese yen and Swiss franc, as concerns grew over President Trump’s proposed $3.3 trillion tax-cut and spending bill. The dollar hit a 10-year low against the Swiss franc and approached a one-month low versus the yen. Meanwhile, the euro climbed…
HSBC Warns Gold Rally Running Out of Steam as Safe-Haven Demand Fades
After reaching a record $3,500 per ounce in April, gold has lost momentum and pulled back approximately 5%, puzzling analysts who expected geopolitical volatility and dollar weakness to drive prices higher. HSBC’s chief precious metals analyst James Steele sees this as the beginning of a larger correction, joining other analysts…