Gold and Silver Industry & Investing News

President Trump attempted to fire Federal Reserve Governor Lisa Cook on Monday night, citing allegations of mortgage fraud. Cook immediately refused to resign, stating Trump lacks legal authority for the dismissal. The unprecedented move represents a major escalation in Trump’s efforts to control the Fed and push for lower interest rates. Legal experts predict an extensive court battle that could reach the Supreme Court, as no president has ever tried to fire a Fed governor before. The confrontation threatens the Fed’s political independence, which is crucial for fighting inflation.

Comex gold for August delivery settled marginally lower at $3,373.80, declining 60 cents or 0.02%, marking the fourth decline in six sessions. Despite the minor pullback, gold remains in strong position with a 27.87% gain from its 2025 low of $2,638.40 set in early January. The metal successfully shrugged off dollar strength, with analysts noting that Fed Chair Powell’s Jackson Hole remarks about potential September rate cuts and labor market risks have reinforced gold’s appeal. XS.com analyst Rania Gule suggests the downside pressures appear limited and temporary, with the broader bullish trend intact. Lower interest rates reduce the opportunity cost...

Gold Hits $3,379 as Fed Drama Unfolds  Gold climbed to approximately $3,379 per ounce Monday after President Trump announced plans to fire Federal Reserve Governor Lisa Cook. The news rattled markets, weakened the dollar, and sent investors rushing to safe-haven assets.   With legal battles over Fed independence likely to drag on, expect continued volatility — and potentially more upside for gold — heading into September’s Fed meeting. Keep an eye on Friday’s PCE inflation data for the next major market catalyst.  Fed Independence Battle Heats Up  In an unprecedented move, President Trump announced he’s terminating Fed Governor Lisa Cook,...

Gold prices increased after President Trump attempted to remove Federal Reserve Governor Lisa Cook from her position, raising concerns about the Fed’s independence. The precious metal rose as much as 0.6% to near $3,376 per ounce, supported by a weaker dollar. Cook refused to resign, stating Trump lacks the authority to fire her. The move represents Trump’s continued efforts to influence Fed policy toward lower interest rates, which typically benefit gold prices.

The Fed’s Jackson Hole conference exposed deep divisions as Chair Powell signaled potential September rate cuts while facing a “challenging situation” of stubborn inflation and weakening labor markets. Political tensions ran high, with President Trump threatening to fire Fed Governor Lisa Cook and security notably increased amid confrontations. Chicago Fed President Austan Goolsbee acknowledged “cross-currents” in a “difficult environment”, highlighting the challenge of timing policy changes correctly. Two governors dissented at July’s meeting, suggesting more discord ahead. Powell introduced a simplified policy framework focusing on the Fed’s core mandates, receiving a standing ovation from global attendees who recognize Fed independence’s...

Silver rallied sharply toward 14-year highs after Fed Chair Powell’s dovish Jackson Hole speech triggered a dollar collapse and sent rate cut expectations soaring. Markets now price a 91% chance of a September rate cut, up from 72%, while the Dollar Index plunged 0.90% to 97.73, breaking below key moving averages. Treasury yields tumbled across the board, boosting non-yielding assets like silver. The metal has established critical support at $37.40-$37.50 and faces its next major test at the multi-year peak of $39.53. With Fed policy expectations tilted toward easing and the dollar under sustained pressure, silver maintains strong bullish momentum...

In an era of soaring grocery prices, several iconic brands are defying inflation by maintaining decades-old prices on signature items. Costco’s famous hot dog and soda combo remains at $1.50 – unchanged since 1985, while AriZona iced tea has held its 99-cent price tag since the company’s founding in 1992. Olive Garden’s Never Ending Pasta Bowl returns at $13.99, the same price for the fourth consecutive year, despite restaurant menu prices jumping over 30% since 2020. These inflation-proof items represent strategic brand decisions where companies sacrifice profit margins to build customer loyalty and reinforce their value proposition. Food prices increased...

A stark economic warning from Moody’s Analytics reveals that two-thirds of U.S. states are either in recession, at high risk, or treading water – representing about 66% of America’s GDP. Chief economist Mark Zandi identifies 22 states already in trouble, including major economies like Massachusetts and Washington, while only 16 states continue expanding. The recession probability stands at 49% for the next year, with the economy most vulnerable in late 2025. Red flags are mounting: over half of U.S. industries are cutting jobs, and recent employment revisions show June’s job growth was actually just 14,000, not the initially reported 147,000....

“This Federal Reserve article examines the rare international cases where countries have used valuation gains from gold and foreign exchange reserves to generate funds. Over the past 30 years, only five countries have done this: Germany, Italy, Lebanon, Curacao and Saint Martin, and South Africa. The article reveals two main uses: central banks have used these proceeds to offset operating losses (Italy, Curacao and Saint Martin), while governments have used them to retire existing debt during fiscal challenges (South Africa, Lebanon, Germany). The potential for the U.S. is significant – revaluing America’s 261.5 million troy ounces of gold from the...