China Stabilizes Yuan, Putting Brakes on Asian Currency Rally Against Dollar

China has signaled it won’t allow the yuan to strengthen significantly against the dollar, helping stabilize Asian currency markets after recent volatility. The People’s Bank of China kept its daily reference rate steady, pushing back against the offshore yuan’s rally. This move, along with interventions by Taiwan and Hong Kong’s central banks to weaken their currencies, aims to calm markets across Asia. China’s position is crucial since the yuan serves as an anchor for other regional currencies.

“Is it Too Late to Buy Gold?” The #1 Question Right Now

Gold prices are soaring. Headlines are buzzing. And many investors are asking the same thing:  “Did I miss my chance to get in?”  In his latest video, Mike Maloney unpacks that question — and reveals what’s really behind gold’s recent run. If you’re wondering what happens next, you’re not alone.   In today’s video, Mike covers:  If you’re sitting on the sidelines, watch Mike’s new video to get clarity before your next move.  

India Boosts Gold Reserves to 11.7% of Forex Assets, Following Global Trend

India’s gold reserves have doubled as a percentage of foreign exchange holdings over the past four years, reaching 11.70% by March 2025, up from 5.87% in March 2021, according to a recent Reserve Bank of India report. The RBI now holds 879.59 metric tonnes of gold (an increase from 854.73 tonnes in September 2024), with about 58% stored domestically and the remainder held internationally. This shift follows the global trend of central banks increasing gold holdings to hedge against inflation and currency volatility.

China Extends Gold Trading Reach with New Hong Kong Vault

The Shanghai Gold Exchange is expanding to Hong Kong with a new vault operated by a Bank of China subsidiary. The People’s Bank of China supports this move to promote yuan-denominated benchmarks and increase China’s influence over commodity pricing. This expansion coincides with record gold prices driven by safe-haven demand amid trade tensions. China, the world’s largest gold consumer, has seen unprecedented trading volumes with heavy retail participation. Established in 2002, the Shanghai Gold Exchange is China’s primary physical gold trading platform. The Hong Kong vault will serve international clients for bullion trading and storage, strengthening Hong Kong’s position in […]

Safe-Haven Gold Climbs to Two-Week High Amid Trade Tension Fears

Gold hit a two-week high on Tuesday, reaching $3,374.78 per ounce as investors flocked to safe havens following President Trump’s new tariff announcements. The rise comes amid ongoing trade tensions and dollar reserve currency concerns. Having reached a record $3,500.05 last month, analysts predict gold will test these heights again this year. Markets now await Wednesday’s Federal Reserve meeting, where Chair Powell’s comments will be closely watched for signals on potential rate cuts, though no immediate change is expected.

Gold Surges Past $3,380 as Dollar Weakens Against Asian Currencies

Gold prices have risen by 1.6% to over $3,387 per ounce, primarily driven by increased demand from China as markets reopened after a five-day holiday. The precious metal’s value has increased by more than 25% this year, reaching a record high of $3,500 in April. This growth is attributed to gold’s safe-haven status amid market uncertainty caused by President Trump’s trade policies, Chinese speculative buying, and central bank purchases. Investors are now watching for the Federal Reserve’s upcoming interest rate decision.