Daily News Nuggets | Today’s top stories for gold and silver investors
September 26th, 2025
Gold Notches Sixth Straight Weekly Gain
Gold just wrapped up its sixth straight weekly win, riding a wave of safe-haven buying and geopolitical jitters. Prices hovered near $3,760/oz Friday as investors weighed a shaky equity market against aggressive central bank accumulation.
Stagflation fears, weak global growth signals, and a flight from fiat are driving demand. Gold isn’t reacting; it’s leading. And that’s what makes this run different. When gold rises despite headwinds, it’s sending a message: confidence in paper is eroding. The world’s looking for something real.
Trump Escalates Tariff Push with Broad 25% Levies
Levies President Trump cranked up trade war pressure this week, announcing sweeping 25% tariffs on heavy trucks starting October 1st. The broader package also targets furniture imports and slaps a punitive 100% duty on branded pharmaceuticals — unless companies commit to U.S. manufacturing plants. Global markets flashed red on the news, with inflationary fears spiking and China already warning of countermeasures.
Tariff shocks ripple through currencies and supply chains, often driving investors toward hard assets as hedges against economic disruption. These trade disruptions aren’t just rattling markets — they’re affecting commodity production too…
Mining Halted at Freeport as Rescue Mission Unfolds
A mining disaster in Indonesia brought operations to a standstill at Freeport-McMoRan’s massive Grasberg complex, one of the world’s largest gold and copper sites. Rescuers are racing to reach trapped miners following a tunnel collapse, while the Indonesian government has suspended production pending investigation.
Grasberg isn’t just one of the biggest mines — it’s one of the most important. A shutdown, even temporary, threatens to tighten gold and copper supply during a demand surge.A fragile global supply chain and rising geopolitical risk make gold’s scarcity premium even more pronounced. Less gold. More demand. You do the math.
India’s Festive Gold Demand Slumps Amid Record Prices
India’s Diwali buying season is usually gold’s time to shine. Not this year. Prices near record highs, paired with a weakening rupee, have pushed buyers to the sidelines. Jewelers report lower volumes, and local premiums have flipped to discounts.
India typically drives Q4 global gold demand — but sticker shock is suppressing activity. Still, some analysts say central bank and ETF buying could cushion the drop. India’s retail buyers may be cooling off, but institutional demand is heating up. And that shift in who’s buying may extend this rally further than most expect. Speaking of long-term price targets, one prominent economist sees gold heading much higher…
Steve Hanke: Gold Could Hit $6,000 as Fed Loses Grip
Mike Maloney has long argued that gold would soar as trust in fiat erodes. Now, others are echoing that call. Renowned economist Steve Hanke sees gold climbing to $6,000 in this bull cycle, citing central bank disarray and a weakening dollar. In a wide-ranging interview, Hanke warned that political pressure — especially from Trump-aligned Fed appointments — could accelerate money supply growth and erode Fed independence.
Hanke argues that markets are misfocused on interest rates instead of money supply trends, which he sees as the real inflation driver. Hanke also dismissed fears that gold needs a crisis to soar, pointing instead to structural income and monetary shifts already underway.
Why this matters: A loss of confidence in central bank credibility is rocket fuel for gold. If economist Steve Hanke is right, we’re still in the early innings of this gold rally…
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