Precious Metals Mixed: Gold Stable While Platinum Retreats from 4-Year Peak
Gold markets found equilibrium near $3,330 an ounce as the second day of US-China trade talks in London signaled potential breakthroughs. The negotiations revealed possible compromises: America might ease technology export restrictions in exchange for China relaxing limitations on rare earth shipments. This diplomatic progress reduced immediate demand for safe-haven…
Congress Has Until Mid-August to Raise Debt Ceiling, New CBO Report Warns
According to the Congressional Budget Office’s latest estimate, the United States could face a financial crisis between mid-August and the end of September when the government’s special accounting measures to avoid breaching the debt ceiling are exhausted. This projection extends the deadline by approximately two weeks from the March estimate,…
Currency Markets Hold Breath as US-China Trade Negotiations Enter Critical Phase
Currency markets showed measured movements Tuesday, with the dollar holding steady near six-week lows as traders awaited outcomes from US-China trade negotiations in London. The talks, following a phone call between Presidents Trump and Xi Jinping, are addressing challenging issues including semiconductor export restrictions, rare earth minerals access, and student…
This Rare Silver Signal Has Preceded Every Major Silver Rally — And It Just Flashed Again
Is silver on the cusp of an explosive move? In a recent presentation, Mike Maloney revisited a long-standing chart pattern — one that has been over 45 years in the making — and delivered a bold forecast: silver’s breakout above $36 signals the beginning of what he calls a “slingshot…
Investors Play Both Sides: Why Stocks and Gold Are Rising Together in 2025
Gold and the S&P 500 are both nearing all-time highs simultaneously—a rare market event that reflects conflicting investor sentiments. While stocks typically signal optimism and risk-taking, gold represents safety and uncertainty hedging. This unusual tandem rise suggests investors are betting on both economic growth (driven by AI and potential Fed…
Precious Metals Mixed: Gold Gains While Markets Await Inflation Data, Trade Talk Results
Gold showed modest gains Tuesday, climbing 0.3% to $3,336.33 per ounce, as markets closely monitored ongoing US-China trade discussions in London and anticipated key inflation data. The talks, now in their second day, aim to ease tensions between the world’s two largest economies following reciprocal tariffs imposed in April. While…
Retailers Offer Goldman A Consumer Reality Check As One Thing Remains Clear
Retailers Offer Goldman A Consumer Reality Check As One Thing Remains Clear With just three weeks left in the second quarter and the summer season in full swing, a key question emerges: What’s the state of the consumer? Goldman Sachs analysts Kate McShane, Mark Jordan, and others published a note on Monday offering valuable insights […]
Chinese Gold Traders Reach Record Positions While Western Investors Hold Back
Chinese gold traders on the Shanghai Futures Exchange (SHFE) have reached record-high positions in gold, even as Western investors and ETF flows remain flat. While Chinese speculators are actively buying, Western traders are waiting for the next catalyst. This split between Eastern buying and Western hesitation suggests gold prices may…
State Street Predicts 19% Gold Surge to $4,000 Amid Trump Trade Wars
Gold prices continue their remarkable ascent, climbing 2% this week to $3,357 per ounce, with State Street Global Advisors forecasting a potential surge to $4,000 within the next six to nine months. The asset management firm’s Gold 2025 Midyear Outlook suggests even more dramatic gains ahead, with prices possibly testing…
Rickards: The Truth About Fort Knox And Gold Leasing
Rickards: The Truth About Fort Knox And Gold Leasing Authored by James Rickards via DailyReckoning.com, Whatever happened to the Donald Trump and Elon Musk visit to Fort Knox? You’ll recall the buzz from earlier this year. Trump and Musk loudly announced they were going to visit the U.S. bullion depository at Fort Knox, Kentucky to […]