Gold Hits 70 Record Highs as Central Banks Dump Dollar Reserves
Gold has delivered exceptional performance with nearly 70 record highs since early 2024 and returns eight times greater than the S&P 500, driven by structural shifts beyond typical safe-haven demand. Central banks are systematically diversifying from U.S. dollar reserves due to fiscal concerns and sanctions risks, with the freezing of…
North America, Asia Lead Gold ETF Exodus as Trade Tensions Ease
Gold ETFs recorded their first outflows since December 2024, losing $1.8 billion in May as North America and Asia led a broad sell-off. The outflows ended a five-month winning streak but still leave global gold ETF flows positive at $30 billion for 2025. The selling was driven by improved U.S.-China…
Vietnam Abandons State Control of Gold, Opens Market to Private Competition
Vietnam is moving to end its 13-year state monopoly on gold bullion production, marking a historic shift toward market-based governance. General Secretary To Lam has called for dismantling the current system that has made Vietnam one of only two countries (with North Korea) maintaining complete state control over gold bullion….
Gold Approaches Triangle Breakout as Trade Tensions Resurface
Gold is approaching a breakout from a consolidation triangle pattern as markets shift to risk-off sentiment amid ongoing trade tensions and political uncertainty. The metal has been trading in a narrow range but technical analysis suggests an imminent directional move, with politics likely determining the direction. Trump’s decision to double…
Why Central Banks Are Quietly Abandoning the Dollar for Gold
Central banks are secretly accumulating massive amounts of gold – over 1,000 metric tons annually – as they diversify away from the U.S. dollar amid rising geopolitical tensions and economic uncertainty. Most of this buying goes unreported, with trade data revealing mysterious gold flows through major refining hubs to undisclosed…
Gold Climbs 0.7% After Disappointing Economic Data Weakens Dollar
Gold prices surged on Wednesday, June 4th, climbing $23.30 to close at $3,373.50 per ounce – the highest closing level in nearly a month. This 0.7% gain more than made up for Tuesday’s decline and was driven by two key factors: a weakening U.S. dollar (down 0.5%) and disappointing economic…
Goldman Delivers Sobering Rates Outlook For Homebuyers
Goldman Delivers Sobering Rates Outlook For Homebuyers Uncertainty is running high among prospective homebuyers as elevated mortgage rates have pushed buying conditions to the worst levels in decades. While many are hoping for rate relief in the second half, a new Goldman “Housing and Mortgage Monitor” report suggests that relief is unlikely anytime soon. Goldman […]
Gold and Silver Rally Through Resistance While Copper Awaits Tariff Verdict
Gold and silver surged through important price barriers on Monday, driven by a weakening US dollar and growing concerns about global trade tensions. Gold broke above its downtrend from April’s record high, establishing new support at $3,325, while silver posted its strongest one-day gain since October, jumping 5.4% to breach…
“Let The Games Begin”: Nintendo Switch 2 Launches With Retail Frenzy As Goldman Reaffirms Bullish Outlook
“Let The Games Begin”: Nintendo Switch 2 Launches With Retail Frenzy As Goldman Reaffirms Bullish Outlook Footage on X shows gaming fans nationwide lining up outside Best Buy, GameStop, and other electronics retailers overnight, eager to get their hands on the next-generation Nintendo Switch. “Let the games begin!” Nintendo of America declared in an early […]
The ETF Illusion: What Gold Investors Must Know
Most investors think they own gold. But according to expert Alan Hibbard, much of it might not be what it seems. In this revealing Big Biz interview, Alan breaks down the quiet — but growing — divide between paper gold (like ETFs) and true physical bullion. He also outlines how…