Gold and Silver Industry & Investing News

New government data shows that prices for import-heavy goods like clothing, furniture, and coffee surged last month, pointing to the early effects of President Trump’s tariffs. Tariff-related price spikes were most noticeable in categories with slim profit margins, where companies are passing along the added costs to consumers. Still, analysts say the broader rise in inflation — which reached 2.7% in June — is driven more by housing and food, not tariffs. The average U.S. household is now paying an extra $2,800 annually due to the tariff burden, the Yale Budget Lab estimates. More levies, including a proposed 50% tariff...

John Williams, President of the New York Fed, believes current interest rates are appropriately “modestly restrictive,” giving the central bank space to monitor economic developments. But he warns that the full economic impact of tariffs hasn’t hit yet — and it’s coming. Williams expects tariffs to increase inflation by 1 percentage point through early next year, pushing inflation to as high as 3.5% in the near term before cooling to 2.5% in 2026, with a return to the 2% target only by 2027. He also sees GDP slowing to just 1% and unemployment ticking up to 4.5% by year-end. While...

Rare earth elements, essential for everything from EVs to missile systems, aren’t actually that scarce. The real bottleneck lies in refining — a complex, costly, and often environmentally messy process. China dominates that stage, accounting for over 90% of global refined output, thanks to government subsidies that let its companies accept razor-thin margins. Western miners prefer extracting raw materials, which is more profitable than refining. But this hands-off approach has left a strategic vulnerability. As prices fall, non-Chinese refiners can’t compete without help. Governments in the U.S., South Korea, and France are now stepping in with subsidies, price guarantees, and...

An under-the-radar metal is outperforming major commodities, and AI is the reason. Ruthenium — a rare element used in electronics and data storage — has soared to $800 an ounce, nearly doubling in a year. Unlike gold and silver, it isn’t traded on exchanges, and supply is extremely limited. As AI expands, so does the need for cheap, high-density data storage, and ruthenium delivers. But with production falling and demand climbing, the market is heading toward a deficit. While gold remains the cornerstone of monetary defense, ruthenium’s rise offers a compelling look at how emerging technologies can drive raw material...

Gold prices dipped Thursday as the U.S. dollar strengthened, following comments from President Trump stating he does not plan to remove Federal Reserve Chair Jerome Powell. This statement eased investor concerns, pulling gold back after a brief rally sparked by earlier rumors that Trump was considering Powell’s removal. Spot gold fell 0.5% to $3,330.21, while U.S. gold futures dropped 0.7%. Analysts say gold remains range-bound between $3,300 and $3,400 as traders await U.S. economic data and Fed commentary. Silver, platinum, and palladium also saw modest declines.

Gold’s momentum has slowed since its all-time high in April, but the core drivers of the rally—central bank demand and global uncertainty—are still firmly in place. Central banks added 20 tonnes to reserves in May and have continued steady buying into June, with China marking eight straight months of additions. However, investor sentiment has softened, as seen in cooling ETF flows and fewer net long futures positions. With the U.S. threatening new tariffs and geopolitical tensions persisting, gold could soon break out of its holding pattern—especially if trade negotiations unravel.

China’s gold market had a strong first half of the year, with both domestic and international gold benchmarks seeing their best H1 performance in nine years. Despite a slower June, Chinese gold ETFs attracted record inflows of RMB 64 billion (about $8.8 billion), marking the largest semi-annual increase on record. Gold futures trading also surged on the Shanghai Futures Exchange. The People’s Bank of China continued its buying streak, adding 19 tonnes of gold in the first half. However, gold withdrawals from the Shanghai Gold Exchange dropped 18% year-over-year, and imports in May declined, reflecting softer physical demand.

Markets are staying surprisingly calm in the face of President Trump’s escalating tariff threats — but don’t mistake that for confidence. While the White House claims traders are warming to the idea of tariffs, many investors say they’re just assuming Trump won’t go through with them. If that assumption is wrong, markets could be in for a rude awakening. For gold and silver investors, this uncertainty highlights the importance of hedging against policy shocks and geopolitical volatility.

Kevin Hassett, one of President Trump’s top economic advisers, is currently the leading candidate to replace Jerome Powell as Federal Reserve Chair. Trump has long criticized Powell for keeping interest rates too high and wants a successor who will align with his push for lower rates. Hassett, known for embracing Trump’s economic agenda, has publicly echoed this view, raising concerns among investors about the Fed’s independence. Other contenders include former Fed governor Kevin Warsh, Treasury Secretary Scott Bessent, and current Fed Governor Christopher Waller.

Dallas Fed President Lorie Logan said Tuesday that interest rates likely need to stay elevated for a while longer to keep inflation in check—especially as Trump’s tariffs put upward pressure on prices. While inflation hasn’t surged yet due to inventory buffers, Logan emphasized the importance of monitoring data over the summer. She noted that although softening labor and inflation data could warrant cuts later, for now, policy should remain “modestly restrictive” to avoid reigniting inflation.