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Gold and Silver Industry & Investing News

Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.

TOP NEWSGold’s Rally to $2,195: A Sign of What’s to Come

 See full story: Gold’s Rally to $2,195: A Sign of What’s to Come Gold's journey has hit a new milestone, soaring to an all-time high of $2,195 this week. But gold in America has a troubled past...

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Mar 13, 2024 - 12:10:09 PDT
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STOCK BUBBLE: You Need To See This Data - 1929 Again?

Is the stock market on the brink of a major correction?

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Mar 18, 2024 - 13:25:29 PDT

High Gold Prices Dampen Demand in Asia's Leading Markets

In some Asian markets, the demand for physical gold has declined due to high prices, leading consumers to reduce purchases. This shift has prompted dealers in key markets like India to offer substantial discounts, while in China, gold premiums have fallen to their lowest since July. Although the demand from consumers has weakened, there is still investor interest in gold as a safe haven, particularly in China, amid concerns about an uneven economic recovery. However, the People's Bank of China is expected to keep its import policy unchanged unless there's notable fluctuation in the RMB exchange rate.

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Mar 18, 2024 - 13:21:54 PDT

A Break from Tradition: How the Fed's Recent Policies Have Cost US Households

The Federal Reserve's recent interest rate hikes have deviated from the historical norm, resulting in a net loss in interest income for U.S. households for the first time in fifty years. While increases in the Fed's rates typically lead to a net gain for households, the interest paid on mortgages, credit cards, and other debts has surged by nearly $420 billion since March 2022, overshadowing the $280 billion rise in interest income. This shift has led to a significant reduction in household net interest income, marking a departure from past trends. Although the impact of Fed policies on employment has not yet mirrored previous cycles, with no significant layoffs or wage stagnation observed, the decrease in net interest income has become a notable burden on consumer spending.

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Mar 18, 2024 - 13:17:52 PDT

All Eyes on the Federal Reserve: What To Know This Week

As the Federal Reserve's crucial March meeting approaches, U.S. stock indexes have retreated from record highs in anticipation. The key event on Wednesday will reveal the Fed's latest monetary policy decision and economic forecasts. Investors are keenly awaiting to see if the Fed maintains its projection of three rate cuts in 2024, especially after recent inflation data indicated a slower than expected decline, adjusting market expectations for rate cuts from six to three this year. The outcome hinges on whether the Fed considers recent inflation trends significant enough to alter its monetary policy further.

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Mar 18, 2024 - 13:13:59 PDT

Barron's: A New Buy Signal For Gold

Gold has shown promising signs of continued momentum, with recent technical indicators reinforcing bullish sentiments. After initially highlighting a bullish reversal in October 2023 and issuing a buy signal, the recommendation was adjusted to neutral in December when gold failed to maintain a close above $2100. The metal's trajectory is now set on breaking out of a four-year base, potentially entering a new bull market with targets of $2400 in the short term and, following a monthly close above $2200, long-term projections range between $3600 to $4000, signaling strong buyer control and diminishing selling pressure.

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Mar 18, 2024 - 13:08:08 PDT

Silver Prices Dip as Prospects of Early Fed Rate Cuts Diminish

The price of silver has experienced a pullback, trading around $25.10, after approaching the upper limit of its long-term range. This correction is likely attributed to adjusted expectations for U.S. interest rates, which are now anticipated to stay higher for an extended period. Given silver's status as a non-yielding asset, higher interest rates increase the opportunity cost of holding it, especially in light of recent U.S. inflation data indicating persistently high inflation. This scenario postpones the likelihood of the Federal Reserve cutting interest rates, exerting downward pressure on silver prices.

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Mar 18, 2024 - 07:10:34 PDT

Mixed Economic Signals Challenge Fed's Next Move in the Inflation Battle

Despite initial signs of declining inflation and rising consumer confidence at the end of last year, the early months of 2024 have presented a mixed picture. Inflation rates remain above 3%, retail sales have weakened, and wholesale prices have unexpectedly increased. However, these developments haven't significantly shaken investor confidence, with expectations still leaning towards the Federal Reserve reducing interest rates within the year, albeit potentially later than anticipated. This anticipation comes amidst consumers' ongoing frustrations with high prices across various sectors. The Federal Reserve's upcoming meeting is expected to further clarify their stance on inflation and interest rates, providing insight into the economic trajectory for the near future.

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Mar 18, 2024 - 06:30:22 PDT

Gold Beans: The New Investment Craze Among China's Youth

Gold has recently hit a record high, attracting the attention of young Chinese investors who are now focusing on acquiring gold beans and jewelry. These gold beans, weighing one gram each and priced at approximately $84.5 (600 yuan), are particularly popular among China's Generation Z for their affordability and the protection they offer against economic uncertainties. The slight premium over the global market price reflects production costs and the closed nature of China's market, making these beans a valuable commodity for investment.

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Mar 18, 2024 - 06:28:18 PDT

Gold Expert Talks 2024 Outlook, Plus Forecast for Silver, Platinum and Palladium

As we move into 2024, gold has seen an impressive rally, breaking the US$2,100 per ounce mark and nearing US$2,200, raising questions about its potential for further gains and increased investor interest. The past year, 2023, was notable for gold's resilience and performance, even amid high interest rates, setting new record levels and outshining most other asset classes except US equities. A key driver of gold demand has been its unwavering appeal in the jewelry sector, particularly in emerging markets like India and China, despite the significant price increase from US$250 in 1999 to US$2,000 now. This enduring interest suggests a market readiness for gold at these high price points.

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Mar 18, 2024 - 06:22:07 PDT

Goldman Anticipates Bank of Japan Finally Ending Negative Rates

Goldman Sachs anticipates the Bank of Japan (BOJ) will increase interest rates at its next meeting, marking the first rate hike since 2007. This prediction follows recent developments, including stronger wage outcomes and speculation fueled by news articles. The expected policy shift suggests the BOJ will abandon its negative interest rate policy, cease yield curve control, maintain current government bond purchase levels, and keep its exchange-traded fund holdings unchanged. This shift is backed by recent wage negotiations and diverges from previous expectations of a rate change in April.

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Mar 18, 2024 - 06:16:06 PDT

The Looming Crisis in America's Office Real Estate Market

The American office real estate market is experiencing significant challenges post-Covid-19, with vacancy rates soaring to 17%—higher than during the 2008 financial crisis. Despite this, forced sales of office buildings remain rare, with only 3.5% of office deals in 2023 involving distressed sellers. This is partly because a still-strong economy has allowed tenants to continue paying rent. However, as leases expire, many companies are downsizing their office space by 30% to 40%, suggesting that the market may face more stress in the future.

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Mar 15, 2024 - 13:29:01 PDT

Silver Production Set to Grow 4.1% in 2024 with Operations Resuming

Global silver production is on track to rise by 4.1% to 916.1 million ounces in 2024. This growth is mainly due to the restart and increase of operations that paused in 2023. Expected production boosts in Mexico, the US, China, and Russia in 2024 will compensate for decreases in Peru, Argentina, and Kazakhstan. Mexico, which contributed 24.1% (211.6 million ounces) to the global silver supply in 2023, anticipates a recovery to 224 million ounces in 2024 after a 3.2% drop due to 2023's operational challenges.

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Mar 15, 2024 - 13:21:53 PDT

Silver Eyes Breakout: Technical Perspective

Silver is currently near the $25 mark, signaling a potential upward breakout. This interest is partly due to expectations of the Federal Reserve's supportive monetary policies, which typically benefit precious metals. Unlike gold, silver's identity fluctuates between an industrial and a precious metal, influenced by current market trends. Presently, it's acting more as a precious metal, though green initiatives worldwide could also push its price. The $26 resistance level is significant, suggesting strong market defense against further increases.

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Mar 15, 2024 - 13:16:44 PDT

Florida's Housing Market Sees Price Drop Amid Insurance Crisis

In Florida, an increasing number of homeowners are looking to sell their properties quickly due to the deepening insurance crisis. Currently, Zillow lists 204,833 properties for sale, with 5,244 flagged by "motivated sellers" ready to accept offers below their listed prices. This surge indicates a notable shift in the market dynamics.

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Mar 15, 2024 - 13:09:25 PDT

Yellen Says She Regrets Saying Inflation Was ‘Transitory’

Treasury Secretary Janet Yellen has expressed regret for previously labeling the 2021 inflation spike as "transitory." This term, used by both Federal Reserve and Biden administration officials, was meant to indicate that the pandemic-induced price increases would be short-lived. Yellen admitted in a FOX Business Network interview that "transitory" may have been interpreted by the public to mean a matter of weeks or months, acknowledging that the situation has extended beyond those expectations.

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Mar 15, 2024 - 13:07:20 PDT

US Consumers Feel the Pinch as Inflation Concerns Linger

Despite a slowdown in inflation, US consumers continue to struggle with high prices, spotlighting inflation as a key political challenge ahead of the upcoming elections. It's proving to be a major hurdle for the Federal Reserve's goal of achieving a gentle economic descent. In terms of voter priorities, inflation trails only immigration and the broader economic landscape, but it leads issues like foreign policy, climate change, taxes, healthcare, and crime, as found in a recent Wall Street Journal poll. This sentiment is echoed in President Joe Biden's approval ratings on inflation management, with a striking 60% of voters expressing disapproval in a late February survey of over 1,700 registered voters.

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Mar 15, 2024 - 07:02:55 PDT

First Fed Rate Cut Expected by Economists in June

Despite a recent uptick in inflation, the consensus among economists surveyed by Bloomberg is that the Federal Reserve will enact three rate cuts this year and another four in 2025. The expectation is for the Federal Open Market Committee to maintain the current rate between 5.25% and 5.5% in their next meeting, marking a fifth period of steadiness, with the initial reduction anticipated in June. A strong majority of these economists foresee at least three cuts in 2024, although over a third predict two or fewer.

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Mar 15, 2024 - 06:57:52 PDT

Copper Surges over $9,000

Copper's price has leapt over the $9,000 mark, buoyed by a near 5% rise this week, thanks to looming supply shortages. This rebound snaps a long period of stagnation, sparking optimism that we might be steering clear of the global economic downturn's worst, especially for copper. This metal's demand is skyrocketing due to its critical role in the booming electric vehicle and renewable energy sectors.

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Mar 15, 2024 - 06:53:48 PDT

Goldman Sachs CEO Sees Bright 2024 as Markets Rally

Goldman Sachs' CEO, David Solomon, is eyeing a prosperous 2024, banking on a surge in capital markets activity to drive gains. In his annual shareholder letter, Solomon highlighted the bank's sharpened focus on its bread-and-butter: global banking and markets, along with asset and wealth management. He points out that the cost of capital has significantly risen, a shift markets are currently navigating, thanks to the end of lenient monetary policies.

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Mar 15, 2024 - 06:44:48 PDT

Bank of Japan Eyes Policy Shift: Ending Negative Rates

The Bank of Japan is reportedly gearing up to bid farewell to its negative interest rate policy during the March 18-19 meeting, per Jiji news agency. This potential shift comes as major companies announce significant wage hikes, surpassing last year's increases. Such positive salary trends could provide the BOJ the flexibility it needs to adjust its cornerstone policy.

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