Gold’s Rally Interrupted: Precious Metal Falls Victim to $2.5 Trillion Market Wipeout
Gold experienced a significant decline of 2.2% on Friday, reaching $3,044.28 per ounce as it became caught in the broader market selloff following President Trump’s unexpectedly aggressive tariff announcements. This drop erased the week’s gains, despite gold having reached a new all-time high just two days earlier. While gold is…
Gold Market Sees Opposing Forces: Chinese Buying vs. Indian Hesitancy
Chinese gold demand is rising as trade war fears push investors toward this safe-haven asset. Chinese dealers now charge $6-$13 per ounce above global prices – a notable shift from last week when gold traded between a $4 discount and $1 premium. Analyst Ross Norman explains this as a “two-way…
Stocks Reverse Plunge, Jump After Trump Says Open To Deal With Vietnam, Tells Powell To Cut Rates
Stocks Reverse Plunge, Jump After Trump Says Open To Deal With Vietnam, Tells Powell To Cut Rates Exactly one month ago we reminded readers, and the new generation of traders who may have been in kindergarten during the first trade war of 2017-2018, that a core feature of the market rollercoaster that marked Trump 1.0’s […]
Gold/Silver Ratio Briefly Reaches 100 to 1
Early Friday morning the gold to silver ratio hit 100 to 1. This ratio represents how many ounces of silver it takes to purchase one ounce of gold. A ratio of 100 means that gold is trading at 100 times the price of silver, which is historically high. The long-term…
Gold Rush to America Ends as Trump Exempts Precious Metals from Tariffs
A massive arbitrage trade in precious metals that flooded the United States with over $80 billion worth of gold and silver has suddenly ended following Wednesday’s announcement that these metals would be exempt from Donald Trump’s new tariff policy. For several months, traders had been responding to unusual price premiums…
Safe-Haven Gold Climbs as China Retaliates with 34% Tariffs on US Goods
Gold prices strengthened by 0.5% to $3,128.76 an ounce on Friday, continuing its upward momentum after hitting a record $3,167.57 earlier this week, as investors fled to safe-haven assets amid heightening global trade conflicts. China’s finance ministry announced retaliatory 34% tariffs on all US goods effective April 10, responding to…
MorningStar: Why Gold Belongs in Your Portfolio
Gold prices have surged over 40% since late 2023, now approaching $3,200 per ounce. This increase stems not from jewelry or industrial demand but from gold’s role as a financial safe haven during uncertain times. Though gold pays no interest like bonds or dividends like stocks, it serves as protection…
Sprott: A Closer Look at Gold and Silver
GOLD Gold has broken out to all-time highs—above $3,000 per ounce—driven by demand from central banks and Asian buying. Further upside is possible as North American investors, who have been sitting on the sidelines, decide to participate. SILVER We believe silver’s dual role as a precious and industrial metal make…
$80 Billion Gold Rush to US Markets Halts After Tariff Exemption
The massive flow of gold and silver into the US has abruptly ended following exemptions to Donald Trump’s tariffs on precious metals. For months, fears of potential tariffs created unusually high price premiums in New York compared to global markets, incentivizing traders to ship over $80 billion worth of bullion…
Global Currency Markets Roiled as Trump Unveils Aggressive Trade Policy
The euro surged 2.2% against the dollar on Thursday to a six-month high of $1.1021—its strongest single-day gain since December 2015. This reaction followed President Trump’s announcement of tougher-than-expected tariffs, including a 10% baseline on all US imports with higher rates for certain trading partners. Investors fled the dollar for…