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Silver outpaced most expert’s forecast in 2024. See which analysts came closest, plus exclusive insights into 2025 price predictions.
READ MORERetail sales in November exceeded Wall Street forecasts, rising 0.7% compared to the anticipated 0.6%. The increase was primarily fueled by a 2.4% jump in motor vehicle sales and a 1.8% boost in online purchases, reflecting continued consumer resilience.
READ MOREA new AP-NORC poll reveals a stark partisan divide in economic outlook as 2024 ends. Despite positive economic indicators, Democrats' optimism has plummeted following Trump's election victory. Conversely, Republicans, while critical of the current economy, express hope for 2025 under Trump's leadership. This shift highlights how political affiliation increasingly influences economic perceptions, potentially challenging Trump's ability to translate economic policies into political success.
READ MOREGold prices edged lower on Tuesday as investors exercised caution before a series of central bank meetings this week, with the Federal Reserve taking center stage. Spot gold fell 0.5% to $2,639.56 an ounce, while gold futures for February delivery dropped 0.6% to $2,653.81 an ounce. The precious metal has been trading between $2,600 and $2,700 as traders await rate decisions from the Fed, Bank of Japan, and Bank of England.
READ MOREGold prices fell 0.6% to $2,636.89 per ounce as a stronger U.S. dollar and rising Treasury yields weighed on the market. Investors are focused on the Federal Reserve's upcoming policy meeting, where a 25 basis-point rate cut is expected. However, cautious sentiment surrounds the Fed’s projections for 2025, with expectations of a slower pace of rate cuts amid inflation concerns and economic resilience.
READ MOREChina's central bank has restarted gold purchases after a six-month hiatus, adding 160,000 ounces to its reserves in November. This move coincides with Donald Trump's re-election and suggests China is preparing for potential trade tensions. The People's Bank of China now holds 72.96 million ounces of gold, reflecting its strategy to diversify reserves amid rising U.S.-China tensions.
READ MOREDespite expectations of a structurally low volatility environment in 2025, analysts caution investors about the possibility of frequent market disruptions. Factors like uncertain US tariff policies, geopolitical strains, and funding market stress could trigger volatility spikes. While the VIX is projected to remain relatively stable, experts suggest that macroeconomic indicators point to potentially higher volatility levels, especially in Asian markets.
READ MOREBitcoin hit a new all-time high of $106,533 on Monday, December 16, 2024, driven by President-elect Donald Trump's proposal for a national cryptocurrency reserve. The surge extends Bitcoin's year-to-date gain to 192%, with the total cryptocurrency market value reaching $3.8 trillion. Trump's pivot towards crypto-friendly policies has energized markets, with his plans to establish a strategic Bitcoin reserve comparable to the nation's oil stockpile.
READ MOREGold prices inched higher on Monday, supported by a softer dollar, as the market braces for the Federal Reserve's policy meeting. Investors are expecting a 25-basis point rate cut and insights into the Fed's 2025 outlook. The anticipation of lower interest rates is bolstering gold's appeal, with analysts projecting further gains in the coming year.
READ MOREAs inflation cools, businesses are turning to dynamic pricing to sustain profits without alienating customers through broad price hikes. This approach uses algorithms to adjust prices based on real-time data such as demand, inventory, and customer behavior. Once limited to industries like travel and entertainment, dynamic pricing is now spreading across retail and restaurants thanks to AI-powered tools. While it promises efficiency and profitability, it also sparks consumer unease over fairness and potential discrimination.
READ MORECitigroup's 2025 commodities forecast paints a mixed picture, with oil and base metals facing bearish conditions while gold shines. The bank projects an oversupplied oil market, leading to price declines, but sees gold benefiting from economic uncertainties and a weakening job market in the U.S.
READ MOREFederal Reserve Chair Jay Powell's commitment to policy independence may be challenged when Donald Trump retakes office in 2025. Despite Powell's firm stance on separating monetary policy from political influence, Trump's potential economic agenda—including mass deportations, tariffs, and tax cuts—could significantly impact the economy. With inflation already above the Fed's 2% target and a resilient economy, the Fed may need to keep interest rates higher for longer, especially when considering the potential effects of Trump's fiscal policies.
READ MOREThe Federal Reserve is poised to implement its third consecutive interest rate cut in December, lowering the benchmark rate to a range of 4.25% to 4.50%. However, economists surveyed by Bloomberg anticipate a more cautious approach in 2025, with only three rate cuts expected next year instead of the previously projected four. This shift is attributed to persistent inflation concerns and a robust economy, prompting the Fed to balance its monetary policy carefully.
READ MOREGold prices are expected to be influenced heavily by U.S. interest rate decisions in 2025, with BMI analysts predicting a cautious approach to rate cuts due to Trump's victory and potential inflation from tariffs. While gold is projected to average $2,500 per ounce next year, further upside may be limited. The metal's non-yielding nature means larger and more frequent rate cuts could push prices higher, but a resilient U.S. economy might temper this effect.
READ MOREU.S. jobless claims surged to 242,000 last week, marking a two-month high and exceeding economists' forecast of 220,000. The rise, which coincided with the Thanksgiving holiday, reflects a broader trend of elevated unemployment claims near three-year highs. Continuing claims also increased to 1.89 million, suggesting prolonged job searches for many Americans. California, Texas, and New York led the spike in claims, while only four states reported declines.
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READ MOREWall Street bond traders are grappling with the elusive concept of the neutral interest rate, which is crucial for predicting Federal Reserve policy. With estimates ranging widely, the uncertainty is causing significant volatility in the bond market. Investors face high stakes, as incorrect assumptions about the neutral rate can lead to substantial losses.
READ MOREA strengthening US dollar and various economic challenges have caused the biggest decline in emerging market currencies since 2022. The JPMorgan emerging market currency index has fallen over 5% in the past two and a half months, with at least 23 currencies weakening against the dollar this quarter. This decline is attributed to expectations of Trump's trade policies, country-specific issues, and a general shift away from riskier assets.
READ MOREThe gold market is taking a breather after a four-day advance, with prices slipping as traders reassess the longer-term outlook for US interest rates. While next week's Fed meeting is likely to bring a rate cut, the monetary policy trajectory for 2025 is less certain. This uncertainty, coupled with potential political changes, has caused some hesitation in the gold market. However, the precious metal remains poised for its best yearly performance in over four decades, buoyed by various supportive factors including central bank buying and safe-haven demand.
READ MOREThe World Gold Council (WGC) predicts a moderate increase in gold prices for 2025, contingent on stable market conditions. This forecast follows an exceptional year for gold in 2024, with prices hitting numerous record highs and total demand surpassing $100 billion in Q3. The WGC suggests potential upside if central bank demand exceeds expectations or if economic instability drives safe-haven demand. However, a reversal in interest rate cuts could pose challenges. The outlook considers factors such as expected rate cuts, geopolitical tensions, and the impact of U.S. policies under a second Trump term.
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