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.
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TOP NEWSGold's November Pullback: Opportunity Knocks
Gold retreats from record highs but fundamentals remain strong. Expert analysis of market dynamics and institutional forecasts...
"Expect the Unexpected" Post-Election Market Moves: What It Means for Gold, Silver & Bitcoin
Dive into this insightful conversation with Mike Maloney and Alan Hibbard as they explore how the latest U.S. election might impact gold, silver
READ MORETrump's Tax Cut Vision Gains Momentum with GOP Sweep
President-elect Trump's tax cut dreams have received a significant boost following the Republican sweep of the presidency and Congress. This victory opens the door for a multi-pronged approach to reducing taxes, going beyond simply renewing the 2017 cuts. While Republicans now have the power to enact tax legislation unilaterally, they must navigate internal debates about the size of tax cuts and their impact on the national deficit.
READ MOREPowell Emphasizes Patience in Rate-Cutting Strategy as Economy Thrives
In recent remarks, Fed Chair Jerome Powell stressed that the robust U.S. economy provides flexibility in the timing of future rate cuts. He noted that the current economic conditions don't necessitate hasty rate reductions. Powell reaffirmed the Fed's commitment to bringing inflation down to 2%, acknowledging that the path may not always be smooth.
READ MORETrump's Tariffs: Why Some CEOs Aren't Buying the Doom and Gloom
While economists predict significant economic disruption from Trump's proposed tariffs, many business leaders are less concerned. CEOs and investors are skeptical that Trump will follow through on all his tariff threats and express confidence in their ability to navigate any new trade policies. This optimism stands in stark contrast to economists' dire predictions.
READ MOREUnexpected Boost: October Retail Sales Surpass Predictions
October's retail sales data showed a 0.4% increase, surpassing forecasts and indicating continued consumer spending strength. The report also revealed a substantial upward revision to September's sales, further highlighting the robust state of consumer spending.
READ MOREInflation Ticks Up to 2.6% in October, Halting Downward Trend
The latest Consumer Price Index (CPI) report shows U.S. inflation rose to 2.6% year-over-year in October, up from 2.4% in September. This increase breaks the recent trend of cooling inflation. Monthly inflation remained steady at 0.2%, while core inflation measures held stable.
READ MOREStudy: Tiny Fraction of IMF Gold Could Wipe Out Debt for Dozens of Countries
A new study suggests the IMF should sell 4% of its gold reserves to provide $9.52 billion in debt relief for 86 low-income countries affected by climate disasters. This would expand the IMF's Catastrophe Containment Relief Trust, which currently has limited funding and eligibility. The proposal aims to address the growing burden of IMF loan repayments on vulnerable economies.
READ MOREMarkets Hold Steady as Powell Speech Looms, GOP Sweep Sinks In
Wall Street remained cautious on Thursday, with major indices showing slight declines. Investors focused on Federal Reserve Chair Jerome Powell's upcoming speech and the potential economic impact of Republican control in DC, while recent inflation data continued to fuel hopes for a December rate cut.
READ MOREChina Gears Up for Round Two: New Arsenal for Trump-Era Trade War
China has prepared robust countermeasures to retaliate against US companies if Donald Trump reignites a trade war upon his return to the presidency. Unlike in 2016, Beijing now has new laws and tools at its disposal, including the ability to blacklist foreign companies, impose sanctions, and restrict access to crucial supply chains. While China's economic vulnerabilities persist, it is better equipped to defend its interests in a potential trade conflict.
READ MOREBeijing's $2 Billion Dollar Bond Issuance Defies De-dollarization Talk
China's recent issuance of $2 billion in US dollar bonds in Saudi Arabia highlights the enduring appeal of the dollar in international finance, despite calls for de-dollarization. The move strengthens China-Saudi ties and provides benchmarks for Chinese companies, while also demonstrating the dollar's continued dominance in global markets.
READ MOREUBS Sets $2,900/oz Gold Target, Advises Buying on Dips
UBS remains bullish on gold, advising investors to buy on dips around $2,600/oz with a $2,900/oz target over the next 12 months. The bank emphasizes gold's enduring value as a hedge against economic uncertainties and recommends a 5% allocation in balanced portfolios, citing factors such as central bank demand, potential US fiscal deficits, and ongoing geopolitical tensions as supportive of gold prices.
READ MOREWGC: Unearthed: Gold responds to the Fed's rate cut, US election and China stimulus
Gold prices are responding to a perfect storm of economic and political factors. The Fed's recent rate cut to 4.5%-4.75%, Trump's election victory, and China's economic stimulus measures are all influencing the precious metal's value. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss the latest news and events and how they impact the gold markets.
READ MORETreasury Yields Climb Post-Trump Win, Experts Warn of Inflationary Pressures
Bond market experts are adjusting their forecasts following Trump's presidential win, with concerns about inflation driving expectations for higher long-term Treasury yields. The 10-year Treasury yield has jumped since the election, as Trump's proposed policies could substantially increase U.S. debt. This development, alongside robust economic indicators, has led to a reassessment of the Federal Reserve's rate cut plans and market predictions for future monetary policy.
READ MOREPowell's Inflation Optimism Challenged as Consumer Expectations Rise
Federal Reserve Chair Jerome Powell maintains that long-term inflation expectations are "well anchored," but recent data and expert opinions suggest otherwise. Consumer expectations for inflation over the next 5-10 years have risen, and economists predict that President-elect Trump's policies may further boost inflation. Companies are already warning of price increases, and many Americans continue to feel the strain of high prices.
READ MOREGold Steadies at $2,600 Level as Markets Digest US Inflation Figures
Gold prices have stabilized around $2,600 after finding support at a major trendline, halting a short-term downtrend. The recent US CPI data, which aligned with expectations, had minimal impact on gold prices. The precious metal's November sell-off was influenced by expectations of elevated US interest rates and significant outflows from Gold ETFs.
READ MORETrump's Tariff Plans May Slow Fed's Rate-Cutting Pace, Says Ex-Policymaker
The Federal Reserve may implement fewer interest rate cuts in 2025 than previously anticipated due to President-elect Donald Trump's proposed tariff policies. Former Fed policymaker Loretta Mester believes the market is correct in adjusting its expectations, as Trump's fiscal plans could impact the pace of rate cuts and potentially lead to higher inflation.
READ MOREBond Markets React: Treasury Yields Climb in Response to Trump's Election Win
In the wake of Donald Trump's election win, U.S. Treasury yields experienced a significant uptick, reflecting market concerns about future inflation and interest rate trajectories. The 10-year and 2-year Treasury yields both rose by over 8 basis points, reaching 4.39% and 4.334% respectively. Investors are now closely monitoring upcoming economic data and Federal Reserve statements to gauge the potential long-term effects of Trump's proposed policies on the economy.
READ MORERussia's Golden Milestone: Reserves Surpass $200 Billion Mark
Russia's gold reserves have hit a historic milestone, surpassing $200 billion for the first time. In October, the country's gold holdings reached $207.7 billion, representing 32.9% of its total international reserves. This marks the highest proportion of gold in Russia's reserves since November 1999.
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Shocking Truth: "The Monetary System Controls Us, Not Politics!" Mike Maloney
In this eye-opening discussion, Mike Maloney and Alan Hibbard dive deep into how the monetary system—not which party is in power—shapes our economic
READ MORETrump Victory Sparks Dollar Rally, Pushing Gold to 7-Week Low
Gold prices have fallen to a seven-week low as the US dollar strengthens following Donald Trump's election victory. The precious metal has declined about 5.5% since the election, driven by a combination of factors including hedge fund position adjustments, shifting ETF flows, and technical selling. Despite this recent drop, gold remains up over 25% for the year, supported by Federal Reserve policies and geopolitical uncertainties.
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