Is Gold’s Bull Run Over? This Overlooked Indicator Says No

Banks split on gold: Citi says $2,500, JPM says $4,000. Mike Maloney examines the M2/gold ratio for the real story

Dollar Rallies as Trump Threatens Tariffs on Copper, Semiconductors

The U.S. dollar held near its highest level in over two weeks against the Japanese yen as President Trump ramped up trade tensions, announcing a fresh round of tariffs set to begin August 1. The dollar also edged higher against major currencies following threats of levies on copper, semiconductors, and pharmaceuticals. Despite recent strength, the dollar index remains down over 6% since Trump introduced “Liberation Day” tariffs in April. Markets are interpreting these aggressive moves as negotiation tactics, but Japan remains far from a deal, causing its yen to weaken sharply. Investors are also watching upcoming Japanese elections and U.S. […]

Trump Hits Copper With 50% Tariff, Eyes Pharma and Chips Next

President Trump has announced a 50% tariff on imported copper and says more tariffs are coming soon — including steep levies on semiconductors and pharmaceuticals. U.S. copper prices jumped over 10% on the news, while global trade partners like Japan and South Korea are scrambling to respond. Trump claims talks with the EU and China are progressing, but global markets remain on edge as the trade agenda expands with little notice or clarity.

U.S. Copper Costs Soar — Businesses Could Feel the Squeeze

U.S. copper prices have hit record highs following President Trump’s plan to impose a 50% tariff on copper imports. While meant to boost domestic production, experts say that will take years — and the U.S. still relies on imports for nearly half its copper needs. Prices on the Comex jumped 13% in a single day, far outpacing global benchmarks. With the premium between U.S. and global copper prices hitting unprecedented levels, analysts warn of serious consequences for manufacturers, construction, and the broader economy.

Gold Slips as Trade Tensions Ease — but More Tariffs Could Change That

Gold prices continued their decline as global trade tensions eased slightly. President Trump extended the deadline for new tariffs, giving countries more time to negotiate and reducing immediate fears of a trade war. This softened demand for gold as a safe-haven asset. Spot gold dropped 0.3% to $3,292.50 an ounce, compounding earlier losses. However, uncertainty remains. Trump hinted at possible tariffs on copper and pharmaceuticals, which could renew haven demand. Meanwhile, rising Treasury yields and scaled-back expectations for Fed rate cuts are also pressuring gold. Despite the recent dip, gold has surged about 25% this year, supported by central bank […]