Senate Tax Bill Adds $3.3 Trillion to Deficit, Sparking Fiscal Alarm

The Senate’s version of the “One Big, Beautiful Bill Act” prioritizes tax relief and populist policies over deficit reduction, widening the budget gap by $3.3 trillion over ten years through $4.5 trillion in tax cuts and only $1.2 trillion in spending reductions. Key compromises include maintaining a $40,000 cap on state and local tax deductions while preserving workarounds. Fiscal watchdog groups like the Committee for a Responsible Federal Budget strongly criticize the legislation, warning that it adds nearly $4 trillion to the deficit (including $690 billion in extra borrowing costs) and creates dangerous precedents for future deficit spending. Republicans defend […]

10-Year Treasury Yield Dips Below 4.21% in Holiday-Shortened Week

U.S. Treasury yields moved lower during Tuesday’s trading session as market participants positioned themselves ahead of key employment reports. The benchmark 10-year Treasury yield decreased by nearly 2 basis points to 4.207%, with the 30-year yield falling more significantly to 4.75%. The 2-year yield saw minimal movement, dipping to 3.713%. With Independence Day closing markets on July 4, the crucial June payroll data will be released Thursday rather than Friday. Wednesday’s ADP private payrolls report will provide an early indicator of employment trends. Additionally, investors are monitoring President Trump’s comprehensive spending legislation, which narrowly passed a procedural vote in the […]

Dollar Plunges to Multi-Year Lows as Trump’s $3.3 Trillion Budget Plan Sparks Debt Fears

The U.S. dollar fell sharply on Tuesday, particularly against the Japanese yen and Swiss franc, as concerns grew over President Trump’s proposed $3.3 trillion tax-cut and spending bill. The dollar hit a 10-year low against the Swiss franc and approached a one-month low versus the yen. Meanwhile, the euro climbed to its highest level since late 2021. The dollar’s weakness stems from fiscal worries about the massive debt increase, Trump’s criticism of the Federal Reserve, and uncertainty around upcoming trade deals. Investors are now expecting the Fed to cut interest rates more aggressively this year, with Goldman Sachs forecasting three […]

Trump Escalates Fed Pressure While Treasury Secretary Maps Out Powell Replacement Strategy

Treasury Secretary Scott Bessent outlined the Trump administration’s strategy for replacing Federal Reserve Chairman Jerome Powell, whose term ends in May 2025. In a Bloomberg interview, Bessent revealed that current Fed officials are already under consideration for the role. The administration has two main options: appointing someone to fill Fed governor Adriana Kugler’s departing seat in January who would then become chair in May, or waiting to appoint a new chair directly in May (though this would only be a two-year term). Meanwhile, President Trump intensified his campaign for lower interest rates, posting a note on Truth Social accusing Powell […]

HSBC Warns Gold Rally Running Out of Steam as Safe-Haven Demand Fades

After reaching a record $3,500 per ounce in April, gold has lost momentum and pulled back approximately 5%, puzzling analysts who expected geopolitical volatility and dollar weakness to drive prices higher. HSBC’s chief precious metals analyst James Steele sees this as the beginning of a larger correction, joining other analysts like those at Citi who predicted a 25% decline. Why HSBC expects gold to fall: – Fading safe-haven demand as worst-case trade war scenarios haven’t materialized – Trump’s compromise approach to tariffs reducing deglobalization fears – Markets successfully navigating various crises, reducing the need for defensive positioning – Higher prices […]

Safe-Haven Gold Rallies 1.4% Amid U.S. Fiscal Concerns and Trade Tensions

Gold prices jumped over 1% on Tuesday, reaching $3,349.32 per ounce, as investors sought safety amid growing uncertainties. The weaker U.S. dollar made gold more attractive to international buyers, while concerns about potential U.S. tariffs and the country’s fiscal outlook drove demand for the precious metal. President Trump’s pressure on the Federal Reserve for rate cuts and ongoing trade tensions with Japan added to market uncertainty. Analysts expect gold to continue rising, with the next resistance level around $3,370.

Can Stablecoins Save the Dollar? Why Central Banks Are Betting on Gold Instead

The financial world is witnessing an unprecedented shift. Professional traders are shorting the U.S. dollar at levels not seen in 20 years, while central banks buying gold at record rates signal a deeper loss of confidence in fiat currency. In a recent episode of The GoldSilver Show, Mike Maloney and Alan Hibbard dissect this dramatic transformation and expose why the Treasury’s proposed “stablecoin solution” may be nothing more than wishful thinking. Everyone’s Betting Against the Dollar—But Should They Be?  According to the latest Bank of America fund manager survey, professional traders are shorting the dollar in near-record amounts. As Mike […]