China Sets Ambitious 2027 Targets: 10% Gold Resource Growth and AI-Driven Mining Revolution
China’s Ministry of Industry and Information Technology, along with eight other government departments, has released an ambitious action plan to transform the nation’s gold industry from 2025 to 2027. The strategy focuses on four key pillars: high-end development, intelligent operations, environmental sustainability, and enhanced safety standards. The plan sets specific…
Dollar Loses Crown: Global Central Banks Pivot to Gold, Euro, and Yuan Amid US Political Concerns
A survey of 75 central banks shows a major shift away from the US dollar. Following President Trump’s April 2 tariffs, central banks are rapidly diversifying their $5 trillion in reserves. Gold is the biggest winner—40% of banks plan to increase holdings over the next decade, adding to already record…
Gold Drops 1.4% as Middle East Geopolitical Tensions Ease
Gold experienced a significant selloff on Tuesday, falling 1.4% to $3,322.09 per ounce—its lowest level since June 11—as geopolitical tensions eased following a U.S.-brokered ceasefire announcement between Israel and Iran. The reduced conflict diminished gold’s appeal as a safe-haven investment, leading to increased risk appetite in global markets, with stocks…
Bank of America: Forget Wars — US Fiscal Policy Will Drive Gold’s Next Rally
Bank of America analysts are forecasting a significant surge in gold prices to $4,000 per ounce over the next year, representing an 18% jump from current levels. This prediction comes after gold has already experienced a remarkable 30% gain this year, reaching an all-time high of $3,500 in April during…
Gold and Silver Price Forecast: Dollar vs Safe Haven Demand
Key Takeaways Market Overview Gold and silver remain caught between opposing forces. Persistent geopolitical risks have offered safe-haven support, while the Federal Reserve’s increasingly hawkish stance and dollar strength apply downward pressure. Gold trades near $3,390, struggling to break resistance at $3,388 despite elevated geopolitical tensions. Silver has pulled…
“Too Early For Turnaround”: Goldman Finds Target Boycott Persists As Democratic Shoppers Begin Losing Faith
“Too Early For Turnaround”: Goldman Finds Target Boycott Persists As Democratic Shoppers Begin Losing Faith Goldman analysts, led by Kate McShane, note that the ongoing social media-driven boycott continues to pressure Target’s traffic and sales. McShane maintains a “Neutral” rating on the stock—downgraded from “Buy” in April—as consumer perception of the woke retailer has yet […]
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…