Silver to $39.50: Up 9.4% Past 30 Days Invest in Silver Now 
An analysis by the World Gold Council reveals that the relationship between gold prices and the U.S. Consumer Price Index (CPI) is surprisingly weak.
Since 1971, only 16% of the variation in gold prices can be explained by changes in CPI inflation.
The report suggests that gold’s appeal as an inflation hedge is more complex and influenced by factors beyond just CPI, including monetary policy and investor behavior.
Original Source: Reuters
The dollar stayed within a narrow range this week as traders braced for significant developments at the Federal Reserve. President Trump is expected to nominate a replacement for outgoing Fed Governor Adriana Kugler and has narrowed his list for the next Fed Chair to four candidates. Economic data showed unexpected stagnation in the U.S. services sector and rising costs, likely due to ongoing tariffs. Investors are uneasy about potential political influence at the Fed and await clarity. Meanwhile, Treasury yields climbed ahead of more government debt issuance, and markets continue to price in a near-certain rate cut this September.
Gold prices slid about 0.5 % on Wednesday as yields on 10‑year U.S. Treasuries rebounded after four days of declines, making the non‑yielding metal less attractive. Spot gold dropped to about $3,362.54 per ounce while U.S. gold futures fell to $3,417.30. Investors are waiting to see who President Donald Trump will nominate to fill a vacant seat on the Federal Reserve’s Board, with a decision expected this week Markets also price in an 87 % probability of a rate cut in September after a weak U.S. jobs report and the firing of the Bureau of Labor Statistics commissioner. Trade tensions remain elevated
President Donald Trump recently dismissed Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer, alleging that the July jobs report was “rigged” to harm Republican interests. However, former BLS officials clarify that the commissioner does not directly participate in data collection or preparation. The BLS gathers employment data through two main surveys: the Current Population Survey, which interviews about 60,000 households, and the Current Employment Statistics survey, which collects payroll data from businesses. Revisions to initial job estimates are common and result from delayed responses and the need for seasonal adjustments. Experts emphasize that such revisions are standard practice and not
President Donald Trump accused the Bureau of Labor Statistics (BLS) of orchestrating a “scam” after the July jobs report revealed only 73,000 jobs added, significantly below expectations. He also criticized the downward revisions of May and June’s job numbers, totaling a 258,000-job decrease. However, experts clarify that such revisions are standard practice as BLS updates initial estimates with more complete data over time. The BLS employs rigorous methodologies, including household and business surveys, to compile employment data, and revisions are part of ensuring accuracy. Economists emphasize that these adjustments reflect improved data collection and are not indicative of manipulation.
President Donald Trump announced plans to impose tariffs on imported pharmaceuticals, starting at a lower rate and potentially escalating to 250% within the next year to year and a half. He emphasized the goal of encouraging domestic manufacturing in key sectors such as healthcare and technology. Additionally, Trump threatened the European Union with increased tariffs if it fails to meet its $600 billion investment commitment in the United States, labeling the investment as a “gift”
The dollar stayed within a narrow range this week as traders braced for significant developments at the Federal Reserve. President Trump is expected to nominate a replacement for outgoing Fed Governor Adriana Kugler and has narrowed his list for the next Fed Chair to four candidates. Economic data showed unexpected stagnation in the U.S. services sector and rising costs, likely due to ongoing tariffs. Investors are uneasy about potential political influence at the Fed and await clarity. Meanwhile, Treasury yields climbed ahead of more government debt issuance, and markets continue to price in a near-certain rate cut this September.
Gold prices slid about 0.5 % on Wednesday as yields on 10‑year U.S. Treasuries rebounded after four days of declines, making the non‑yielding metal less attractive. Spot gold dropped to about $3,362.54 per ounce while U.S. gold futures fell to $3,417.30. Investors are waiting to see who President Donald Trump will nominate to fill a vacant seat on the Federal Reserve’s Board, with a decision expected this week Markets also price in an 87 % probability of a rate cut in September after a weak U.S. jobs report and the firing of the Bureau of Labor Statistics commissioner. Trade tensions remain elevated
President Donald Trump recently dismissed Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer, alleging that the July jobs report was “rigged” to harm Republican interests. However, former BLS officials clarify that the commissioner does not directly participate in data collection or preparation. The BLS gathers employment data through two main surveys: the Current Population Survey, which interviews about 60,000 households, and the Current Employment Statistics survey, which collects payroll data from businesses. Revisions to initial job estimates are common and result from delayed responses and the need for seasonal adjustments. Experts emphasize that such revisions are standard practice and not
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