What a Gold Revaluation Could Mean for the U.S. and the Dollar
The U.S. government officially owns over 8,100 tonnes of gold—the largest gold reserve in the world. But surprisingly, it still values this gold at an outdated price of $42 per ounce, a number set back in the 1970s. This undervalues its gold holdings on paper at just $11 billion, while…
Perth Mint Gold Scandal: Mint Regains Global Confidence
The Perth Mint still has a strong reputation around the world, despite some past issues, according to a top executive at the World Gold Council. In 2023, an investigation found that the mint sold gold to China that was 99.99% pure, which met global standards but did not meet China’s…
Gold Price Drops Below $3,350 on Strong U.S. Jobs Report
Gold price drops below $3,350 on Friday as new U.S. labor data revealed stronger-than-expected job growth in May. The Nonfarm Payrolls report showed 139,000 new jobs added, beating forecasts of 130,000. Although the unemployment rate held steady at 4.2%, the surprising job gains gave the U.S. Dollar a temporary lift….
Gold Miner ETF Outflows Despite Record Rally
Even as gold hits record highs and mining stocks outperform the market, investors are quietly selling off their shares in gold miner ETFs. The VanEck Gold Miners ETF is up 57% in 2025, but it has seen net outflows in every month except May. Sprott’s ETF faced outflows too, despite…
The Day After: Trump ‘Not Interested’ In Talking As Musk Continues To Make Case Against BBB
The Day After: Trump ‘Not Interested’ In Talking As Musk Continues To Make Case Against BBB After Thursday’s grand meltdown between Elon Musk and President Donald Trump over the Big Beautiful Bill, it looked like things were set to simmer down – with Musk posting several things on X that suggested he was open to […]
Silver and Platinum Price Surge Fueled by China, India Demand
Silver has surged to a 13-year high, and platinum is also gaining ground, driven by rising global demand and tightening supply. Strong buying activity in India and China is fueling the rally, with silver playing a key role in solar panel production and platinum used in vehicles and lab equipment—making…
Gold Prices Rise on Fed Rate Cut Bets; Silver Hits 13-Year Peak
Gold prices edged higher on Friday, positioning the precious metal for a weekly gain of 2.1%. This rise follows encouraging U.S. economic data that has reinforced expectations of potential interest rate cuts by the Federal Reserve. Gold, a classic safe-haven asset, typically performs well during times of economic or political…
Silver Breakout 2025: Price Surges Past $36 After a Decade
The silver breakout of 2025 is here — silver has officially smashed past $36 for the first time in over a decade, marking a major turning point for the precious metals market. While gold slipped, silver soared, gaining 3.5% in a single day and closing at $35.67 on the continuous…
Gold Set for Fresh All-Time Highs as Dollar Confidence Crumbles
Gold is forecast to hit a record average price of $3,210 in 2025 – a 35% surge that would surpass its inflation-adjusted 1980 peak – according to Metals Focus’ annual Gold Focus report. The bullish outlook is driven by economic uncertainty around Trump’s trade policies, U.S. debt concerns, geopolitical tensions,…
Gold Consolidates Above $3,350 as Markets Await Friday Jobs Report
Gold retreated from the $3,400 resistance level after President Trump reported a productive phone call with China’s Xi Jinping discussing their trade deal, which eased tensions and reduced safe-haven demand. However, prices remain above key $3,350 support as multiple bullish factors persist. The European Central Bank cut rates 25 basis…