Platinum Soars Past $1,400 as Supply Squeeze Grips Global Markets

Platinum hit $1,400.75 per ounce—its highest price in over 10 years—driven by supply shortages and speculative buying. The London and Zurich markets are extremely tight, with borrowing costs spiking to 13% annually (versus near-zero normally). Chinese investors and jewelry buyers are fueling demand, while palladium rose 5% alongside platinum since both metals can substitute for each other in automotive catalysts.

Labor Market Shows Resilience: Jobless Filings Hit Six-Week Low

New applications for unemployment benefits fell to their lowest level in six weeks, providing reassurance that the U.S. job market remains stable despite economic headwinds. The drop of 10,000 claims to 227,000 suggests employers are reluctant to cut staff, even as trade wars create uncertainty. The decline was widespread, with 38 states reporting fewer claims, particularly those that had seen spikes after schools let out for summer. However, there are some concerns: the number of people receiving ongoing benefits reached 1.97 million, the highest since late 2021, indicating job seekers are taking longer to find work. While economists expect slower […]

Dollar Plunges to 2022 Lows as Trump Considers Early Fed Chair Replacement

US markets showed mixed reactions Thursday as stocks and bonds rose while the dollar weakened. The moves came after disappointing economic data showed the trade deficit widening unexpectedly and first-quarter GDP contracting by 0.5%. Adding to market volatility, reports emerged that President Trump is considering naming a new Federal Reserve Chair months before Jerome Powell’s term ends, potentially as early as September or October.

Dollar Set for Further Decline as Foreign Investors Boost Currency Protection

Goldman Sachs’ Richard Chambers predicts the dollar will continue to weaken as foreign investors increase their currency hedges due to market volatility. The Bloomberg Dollar Index has fallen over 8% this year—its worst start ever—amid policy uncertainty. Chambers expects reduced foreign demand for US bonds as European investors focus on their home markets, forcing the US to rely more on domestic buyers. Meanwhile, gold emerges as a key beneficiary as governments worldwide increase borrowing.

 The Gold Strategy That Nearly Doubles Traditional Portfolios

For decades, financial advisors have preached the same gospel: allocate 60% of your portfolio to stocks and 40% to bonds. It’s been the cornerstone of “responsible” investing, the safe harbor endorsed by nearly every major financial institution.  Now, in a striking reversal, Goldman Sachs — one of Wall Street’s most influential voices — has released research that challenges this longstanding doctrine. Their findings? Adding gold to your portfolio doesn’t just improve returns slightly.   It nearly doubles them.  The Data that Debunks 60/40  In the latest episode of the GoldSilver Show, Mike Maloney and Alan Hibbard dissect Goldman’s groundbreaking research […]

Gold Rises on Fed Uncertainty While Palladium and Platinum Surge to Multi-Year Highs

Gold prices advanced on Thursday, benefiting from a weaker U.S. dollar as markets grappled with uncertainty over Federal Reserve policy direction. Spot gold rose 0.2% to $3,339.38 per ounce, while U.S. gold futures gained 0.3% to $3,352.30. The dollar’s decline made gold more attractive to international buyers, while President Trump’s public criticism of Fed Chair Jerome Powell raised questions about the central bank’s independence. Powell has indicated that Trump’s tariff plans could create persistent inflation, warranting caution on future rate cuts. Market analysts expect gold to remain range-bound between $3,000-$3,500 until there’s more clarity on Fed policy. Traders are closely […]

Shanghai Gold Exchange Goes Global: First International Vault Opens in Hong Kong

China has opened its first offshore gold vault in Hong Kong through the Shanghai Gold Exchange (SGE), marking the exchange’s first expansion outside mainland China. The new facility will allow trading in Chinese yuan rather than US dollars, supporting China’s efforts to reduce dollar dependence. As the world’s largest gold producer and consumer, China aims to gain more influence over global gold pricing through this strategic move.