Gold and Silver Industry & Investing News

Gold Dips From Record High As Eyes Turn To Jobs Data  Gold slipped 0.8% to $3,530.69 an ounce yesterday after touching an all-time high of $3,578.50. The pullback was simple profit-taking after that spectacular run, with silver dropping alongside its yellow cousin.  But here’s what traders are really watching: July’s job openings fell sharply, strengthening the case for a Fed rate cut on September 17. The weakness in the labor market adds to growing evidence that the economy is cooling, which typically prompts the Fed to ease monetary policy. Lower rates boost gold’s appeal since the metal doesn’t pay interest,...

Gold Hits New All-Time High at $3,559 Gold surged to an all-time high of $3,559 per ounce, extending its record-setting run as rate-cut expectations, dollar weakness, and safe-haven demand fuel investor appetite. The metal is up more than 5% over the last seven trading days, making this one of its strongest weekly moves of the year. Analysts point to heightened volatility in global markets, concerns over central bank independence, and a rush into hard assets as key drivers behind bullion’s momentum. Gold’s sustained strength underscores its appeal as a hedge in uncertain times. With monetary policy in flux, momentum traders...

Silver Breaks $40 for First Time Since 2011 Silver broke above $40 an ounce Monday, breaking out to a 14-year high. With a 40% gain year-to-date, silver is leaving gold in the dust as investors bet on imminent Fed rate cuts. The metal briefly touched $40.79 before consolidating, with futures markets pointing to continued strength. The momentum is real — ETF holdings rose for the seventh consecutive month, reaching 800 million ounces in August. That’s the longest buying streak since 2020, suggesting institutional investors are positioning for a sustained move higher. What’s driving this rally? Silver’s unique position as […]

Inflation Data Opens Door for September Rate Cut The Fed’s favorite inflation gauge came in exactly as expected this morning. July’s core PCE rose 0.3% for the month and 2.9% year-over-year, while overall PCE climbed 0.2% monthly and 2.6% annually. This goldilocks data — not too hot, not too cold — gives the Fed cover to cut rates at their September 16-17 meeting. Fed Governor Christopher Waller went public yesterday, backing a quarter-point cut and warning about deteriorating job conditions. He sees more cuts coming over the next 3-6 months as the Fed moves toward a “neutral” 3% rate. The...

Gold Steady as Investors Eye Friday’s Inflation Data Gold prices are treading water ahead of Friday’s key economic release: the PCE index, the Fed’s go-to inflation gauge. Spot gold hovers near $3,400 an ounce, with December futures at $3,447. Here’s what to watch: Markets are practically certain of a September rate cut, with CME’s FedWatch showing 88% odds. But Fed officials aren’t rushing to judgment. New York Fed President John Williams wants to see the data first, and July’s PCE is expected to hold steady at 2.6% year-over-year. The core reading — stripping out volatile food and energy — should...

Gold Retreats After Trump-Fed Showdown Gold prices pulled back Tuesday, settling around $3,340/oz after Monday’s spike that saw the metal briefly touch $3,370. The initial rally came as President Trump moved to oust Federal Reserve Governor Lisa Cook, sending traders scrambling for safe havens. Cook, one of the Fed’s three sitting governors, has been a vocal advocate for maintaining the central bank’s independence. But the dust is settling, and investors are now questioning whether this political theater will actually change monetary policy or if it’s just another round of Washington saber-rattling. When politicians pressure the Fed, markets get nervous —...

At the Jackson Hole conference, Fed Chair Powell outlined major challenges reshaping the U.S. economy. He highlighted that higher tariffs are already lifting prices in some goods categories, with core goods up 1.1% year-over-year after declining through 2024. Immigration restrictions have caused labor force growth to plummet, with payroll growth averaging just 35,000 monthly over three months. GDP growth slowed to 1.2% annualized in the first half of 2025, half of 2024’s pace. Powell warned these aren’t temporary fluctuations but structural changes that monetary policy can’t easily fix. The Fed unveiled its revised five-year framework, returning to flexible inflation targeting...

President Trump attempted to fire Federal Reserve Governor Lisa Cook on Monday night, citing allegations of mortgage fraud. Cook immediately refused to resign, stating Trump lacks legal authority for the dismissal. The unprecedented move represents a major escalation in Trump’s efforts to control the Fed and push for lower interest rates. Legal experts predict an extensive court battle that could reach the Supreme Court, as no president has ever tried to fire a Fed governor before. The confrontation threatens the Fed’s political independence, which is crucial for fighting inflation.

Comex gold for August delivery settled marginally lower at $3,373.80, declining 60 cents or 0.02%, marking the fourth decline in six sessions. Despite the minor pullback, gold remains in strong position with a 27.87% gain from its 2025 low of $2,638.40 set in early January. The metal successfully shrugged off dollar strength, with analysts noting that Fed Chair Powell’s Jackson Hole remarks about potential September rate cuts and labor market risks have reinforced gold’s appeal. XS.com analyst Rania Gule suggests the downside pressures appear limited and temporary, with the broader bullish trend intact. Lower interest rates reduce the opportunity cost...

Gold Hits $3,379 as Fed Drama Unfolds  Gold climbed to approximately $3,379 per ounce Monday after President Trump announced plans to fire Federal Reserve Governor Lisa Cook. The news rattled markets, weakened the dollar, and sent investors rushing to safe-haven assets.   With legal battles over Fed independence likely to drag on, expect continued volatility — and potentially more upside for gold — heading into September’s Fed meeting. Keep an eye on Friday’s PCE inflation data for the next major market catalyst.  Fed Independence Battle Heats Up  In an unprecedented move, President Trump announced he’s terminating Fed Governor Lisa Cook,...