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 NEWSWhy You Shouldn't Buy Gold or Silver - My Two Cents
Join Alan Hibbard as he reacts to Nolan Matias’s thought-provoking video, “Why You Shouldn’t Buy Gold and Silver.”
"The FED is Terrified of a Stock Correction" - Mike Maloney & Chris Martenson
At the Limitless conference, Mike Maloney sits down with Chris Martenson to discuss the real state of the economy and the dangers ahead.
READ MOREIncrementum: iPhone Most Affordable Yet in Precious Metal Terms
Incrementum's latest research shows that when priced in gold, the cost of the iPhone is actually going down! The iPhone 16 Pro with 1 TB storage costs 0.60 ounces of gold, which is 23% less than last year's model. This decrease is due to the significant rise in gold prices over the past year. The piece highlights that iPhones have become increasingly affordable when priced in gold, with the current model being almost 50% cheaper than in 2018 when measured in gold ounces.
READ MOREPound Nears Multi-Year High Despite Slight Dip, Budget Concerns Loom
Sterling experienced a minor decline against the dollar on Friday but stayed close to its highest level since February 2022, benefiting from improved risk sentiment and the policy rate differential between the UK and the US. The pound's performance against the euro remained stable, continuing its positive trend for the third week. While the current monetary policy outlook supports the pound, analysts caution about potential headwinds, including the upcoming UK budget and possible tax changes that could impact investors and entrepreneurs.
READ MOREOil Prices Teeter as Supply Outlook Strengthens, China Boosts Economy
Oil prices remained stable on Friday but were headed for a weekly decline as investors balanced expectations of increased output from Libya and OPEC+ against China's new economic stimulus measures. Brent crude and WTI futures showed slight gains, but both benchmarks were on track for significant weekly losses. The market's focus has been on Libya's potential supply increase following a resolution of internal disputes, OPEC+'s planned production boost, and China's efforts to stimulate its economy through interest rate cuts and liquidity injections.
READ MORECentral Banks and Rate Cuts Propel Gold to New Heights
Gold prices have surged to record highs in 2024, outpacing the S&P 500's gains. This rally is driven by central bank demand, geopolitical tensions, and expectations of interest rate cuts. The Federal Reserve's recent rate reduction and China's economic stimulus measures have further boosted gold's appeal. While some view this as a sign of economic uncertainty, others see it as an opportunity for continued growth in the precious metals market.
READ MOREBeijing's Billion-Dollar Bet: Can It Revive China's Economy?
China's recent economic stimulus package, the largest since the pandemic, has sent ripples through global markets. The measures, primarily monetary in nature, include interest rate cuts, reduced reserve requirements for banks, and support for the stock market. While these actions have boosted Chinese stocks and commodities, their long-term effectiveness remains uncertain. The stimulus aims to revive China's struggling economy, particularly its real estate sector, but experts caution that more comprehensive fiscal measures may be needed for sustained growth.
READ MOREFed's Bold Rate Cut Sparks Market Rally, Fuels Speculation of Further Easing
Following the Federal Reserve's larger-than-expected 50 basis point rate cut, financial markets have responded positively, with key stock indices hitting new highs. Economists are now considering the likelihood of another significant rate reduction, driven by worries about persistent labor market softness. The potential for continued job market cooling could prompt the Fed to opt for another aggressive cut, despite initial expectations of more gradual reductions throughout the year.
READ MORERefinancing Boom Fuels Record-Breaking Mortgage Application Surge
Mortgage applications have reached a two-year high, with a significant surge in refinancing activity. In the week ending September 20, overall applications rose 11% week-over-week, while refinancing applications jumped 20%. This increase is attributed to falling mortgage rates, with the average 30-year fixed rate dropping to 6.09%. The trend marks a revival in the mortgage market after a slow summer homebuying season, with refinancing applications now 175% higher than a year ago.
READ MOREEast Coast Port Strike Looms: Companies Rush to Secure Supply Chains
U.S. companies are taking proactive measures to mitigate the impact of a potential port strike on the East and Gulf Coasts set for October 1. Businesses are importing goods early, redirecting shipments to West Coast ports, and even using air freight to avoid disruptions. The strike, which could affect supply chains and inflation, comes at a critical time before the U.S. presidential election and alongside other labor actions that may impact the job market.
READ MOREGold Continues Testing New Highs as Further Fed Rate Cut Expectations Grow
Gold prices have reached new heights as weak US economic data strengthens the case for deeper interest rate cuts by the Federal Reserve. This surge is supported by increased central bank purchases, geopolitical tensions, and the upcoming US presidential election, while silver prices have also risen significantly due to its dual role as a precious metal and industrial commodity.
READ MOREUBS: Why the Gold Rally May Not Be Over Yet
The gold market is experiencing a remarkable surge, with prices hitting an all-time high of $2,630 an ounce and a 27% gain since early 2024. This upward trend is likely to persist, driven by expected Fed rate cuts, escalating global conflicts, and robust demand from investors and central banks. Gold ETFs have seen consistent inflows for four months, pushing total holdings to almost 3,182 metric tons. UBS maintains a positive outlook on gold, projecting a target of $2,700/oz by mid-2025, and suggests various investment strategies to capitalize on this trend.
READ MOREGoldman Traders Report Surge in Gold Trading as Prices Hit New Records
Gold prices are reaching new all-time highs, driven by relentless buying from central banks, particularly in China, and a notable increase in trading activity reported by Goldman Sachs traders. Hedge funds have become key indicators of central bank purchases, while ETF flows are turning positive alongside record gold imports from India and unprecedented demand in the US. The Federal Reserve's recent rate cut has further propelled gold's rise, as it was perceived as unnecessary given the current economic landscape.
READ MORE2025 Outlook: Commercial Property Market Poised for Rebound
The commercial real estate market is showing signs of recovery after a challenging period. Falling interest rates and clearer valuations are encouraging buyers to return, while lenders and property owners are more willing to offload distressed assets. Though transaction volumes remain low compared to previous years, there's growing optimism that 2025 will see increased activity, driven by a mix of forced sales and new investment opportunities. However, uncertainty persists, particularly in sectors like downtown offices affected by remote work trends.
READ MORELebanon-Israel Tensions Reach Boiling Point with Deadliest Strikes in Years
Israeli forces conducted extensive airstrikes across Lebanon, resulting in at least 492 deaths and over 1,600 injuries, according to Lebanese authorities. The Israeli military reported targeting approximately 1,600 Hezbollah positions. In response to the attacks, tens of thousands of Lebanese civilians fled their homes in the south, heading towards Beirut and other northern areas. This marks the deadliest day of conflict between Israel and Lebanon in decades, raising concerns about a potential escalation into a full-scale regional war.
READ MOREChina's Central Bank Rolls Out Aggressive Growth-Boosting Package
China's central bank has unveiled its most significant economic stimulus package since the Covid-19 pandemic, aiming to revitalize the country's struggling economy. The measures include reducing banks' reserve requirements, lowering key interest rates, and easing mortgage terms for homeowners. While these actions have boosted stock markets and the yuan, some analysts caution that additional fiscal support may be necessary to achieve the government's 5% growth target for 2024.
READ MOREUnprecedented Gold Rally: Rate Cuts, China Stimulus, and Global Risks Converge
Gold hit an all-time high as investors responded to the US Federal Reserve's recent rate cut and anticipation of future reductions. The surge was further fueled by China's economic stimulus efforts and heightened geopolitical risks in the Middle East. Analysts expect the bullish trend to continue if upcoming economic data and Fed statements reinforce a dovish outlook.
READ MOREGold Soars to New Heights as Rate Cut Optimism Persists; Copper Gains on China Stimulus
Tuesday saw gold prices hit all-time highs during Asian trade, extending recent gains as markets remained optimistic about U.S. interest rate cuts. The rally was supported by the Federal Reserve's dovish stance and geopolitical tensions. Simultaneously, copper prices rose sharply in response to China's newly announced stimulus package, which raised expectations for increased demand from the world's top copper consumer.
READ MORECommodity Markets Respond to Geopolitical Risks and Economic Shifts
Precious metals are attracting increased speculative interest due to geopolitical risks, potential Federal Reserve rate cuts, and anticipated festival demand in India. Oil prices have rebounded, with ICE Brent recovering above $75/bbl, driven by Middle East tensions and improving Chinese economic sentiment. Meanwhile, China's aluminium production has risen, while its gold imports have significantly decreased due to record prices.
READ MOREWorld Gold Council CEO: China Emerges as Global Gold Market Leader
David Tait, CEO of the World Gold Council, states that China's gold market has evolved from a follower to a leader and is poised to play an increasingly significant role globally. China has been the world's largest gold consumer for over a decade and the largest producer for 15 consecutive years, highlighting its crucial influence in shaping the future of the global gold industry.
READ MORESince Bernanke's "Helicopter Money" Speech, Gold Outpaces Stocks
This chart shows gold vs. the stock market since Bernanke’s famous ‘helicopter drop’ speech. The chart compares gold's performance to the stock market since Ben Bernanke's famous "helicopter drop" speech in 2002. Gold has significantly outperformed the S&P 500, reaching a record high of $2,619.90 per ounce, reflecting investors' concerns about inflation and the declining purchasing power of the U.S. dollar. Morgan Stanley analysts suggest that this trend may continue, with high-quality assets like gold performing well while lower-quality and cyclical assets struggle in an environment of heavy fiscal spending.
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