Global Central Banks Tap Brakes on Gold Purchases as Prices Hit Records
Central banks worldwide added 12 metric tons of gold to their reserves in April, marking the second month in a row of reduced buying activity. This represents a 12% drop from March and falls below the 12-month average of 28 tons. Poland’s National Bank continues to lead global gold purchases,…
Earth’s core releases gold and precious metals through volcanic eruptions
Most of Earth’s gold is locked deep within the planet’s super-hot molten core. However, new research on Hawaiian volcanic rocks reveals that this gold—along with other precious metals like platinum—is slowly escaping. Scientists discovered traces of rare silver-gray metals in volcanic rock samples. These metals were common when Earth formed…
Gold IRA vs. Physical Gold: Diversify Your Wealth the Right Way
Gold IRA vs Physical Gold Investment is a crucial consideration for anyone seeking stability in today’s economically uncertain world. As precious metals maintain their reputation as safe-haven assets, investors increasingly turn to gold to diversify beyond traditional stocks and bonds. However, how you choose to invest in gold can make…
Profit-Taking Halts Gold’s Rally Near $3,380 Amid Trade Policy Uncertainty
After touching its highest level since May 8, gold retreated on Tuesday as the U.S. dollar recovered from a one-month low, making the precious metal more expensive for international buyers. The decline of 0.7% to $3,356.75 per ounce reflects investor caution surrounding evolving U.S. trade policies, including President Trump’s recent…
Silver Eyes $40 Target as Critical $34 Resistance Nears Breaking Point
Silver prices are approaching a critical breakout level at $34 per ounce, with analysts predicting a potential surge to $40 if this resistance is broken. Market strategist Michele Schneider sees silver as increasingly attractive compared to gold, noting that the gold-silver ratio is declining from recent highs. This pattern mirrors…
Geopolitical Tensions Drive Gold Mining Stocks to Double-Digit Gains
Gold mining stocks surged on Monday, with Iamgold up 8.9%, Gold Fields rising 9.5%, and Fortuna Mining jumping 12.1%. The rally followed a 2.7% increase in gold prices driven by mounting geopolitical tensions over the weekend. Two major events sparked investor concerns: – President Trump accused China of violating trade…
Gold Pulls Back From Monday’s Rally as Markets Eye Friday’s Employment Data
Gold experienced a pullback in trading today, declining 0.7% to $3,358.76 per ounce, as the US dollar recovered strength ahead of crucial employment data scheduled for Friday. This follows Monday’s significant rally, which marked gold’s biggest single-day gain in four weeks. The precious metal remains a strong performer this year…
Gold’s Record Rally Leaves Industrial Metals Behind — Here’s Why That Matters
Gold prices are up 40% this year while industrial metals like copper are down 10%. This unusual gap suggests economic problems ahead, as gold typically rises when investors are worried. Central banks and regular investors are buying gold for safety from inflation and political uncertainty. Some think gold is in…
The Final Blowoff: Why Gold’s Surge Could Be Just Beginning
During the 1970s, when gold doubled in price in just 42 days, investors who saw it coming transformed their wealth. Today, Mike Maloney and Alan Hibbard believe we are witnessing a similar setup, with the potential for an equally dramatic move. They provide a critical update on the gold market,…
‘Free’ Government Money Accounts For 19% Of All Personal Income
‘Free’ Government Money Accounts For 19% Of All Personal Income Authored by Mike Shedlock via MishTalk.com, Free money includes Medicare, Medicaid, SNAP, Social Security, and more, discussed below. Some may object to the term “free money” but the definition of Personal Current Transfer Receipts (PCTR) is “Payments to individuals for which no current services are performed, […]