Gold and Silver Industry & Investing News
Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.
Subscribe
TOP NEWSA Rare Kennedy Book: Will RFK Jr. Sign It at Limitless?
Join us for a short update from the Limitless event as Russ Gray shares his incredible story of how he discovered a rare copy of The Enemy Within
The Silver Denarius and the Fall of Rome
The tale of the Roman Denarius offers not just a glimpse into the past but also a warning for the future...
READ MOREFrom Bust to Boom: Miners Seek Investor Redemption Amid Price Surge
Gold miners are experiencing a renaissance as gold prices hit record highs, surpassing $2,600 per ounce. This boom, driven by emerging market demand and a pessimistic U.S. economic outlook, presents an opportunity for mining companies to boost revenues, invest in aging mines, and pursue strategic acquisitions. However, to win back skeptical investors, industry leaders stress the importance of demonstrating fiscal responsibility, offering attractive dividends, and making prudent expansion decisions.
READ MORESeptember Jobs Report Preview: Unemployment Claims Hit Unexpected Low
The latest US jobless claims data shows a significant drop to 219,000 for the week ending September 14, the lowest level since May. This decrease, which was below economists' expectations, suggests that the labor market remains robust despite a slowdown in hiring. The four-week average of claims also fell, indicating a consistent trend of labor market strength.
READ MOREBofA Sees 75 bps Q4 Cut as Fed Signals Easing Cycle
BofA Global Research has uniquely increased its forecast for Federal Reserve rate cuts in 2024, predicting a 75-basis point reduction in Q4 following the Fed's larger-than-expected 50 bps cut. This adjustment surpasses the Fed's own projection of a half-percentage point decrease by year-end. BofA anticipates further cuts in 2025, potentially lowering the terminal rate to 2.75%-3.00% from the current 4.75%-5.00%.
READ MOREOil Recovers from Yearly Lows as Fed Lowers Rates
Oil prices experienced a modest increase following the Federal Reserve's significant interest rate reduction. Brent crude futures climbed to $74.55 per barrel, recovering from recent lows. However, the market's response has been cautious, as the rate cut raises questions about the strength of the U.S. economy. Analysts note that while lower interest rates generally support economic growth and oil demand, the Fed's decision has also sparked concerns about potential economic challenges ahead.
READ MOREFed Rate Cut Propels Gold to New Record Highs
The precious metals market saw significant gains on Thursday, with gold hitting record levels after the Federal Reserve announced the start of its interest rate easing cycle. The Fed's decision to cut rates by half a percentage point, coupled with projections of additional cuts through 2026, has bolstered gold's attractiveness as an investment, pushing prices above $2,580 per ounce.
READ MOREFed's Rate Cut Dilemma: Market Braces for Potential Shock
The Federal Reserve's upcoming interest rate decision has bond investors on edge, with the market divided over the size of the expected cut. Treasuries have seen a five-month rally, driving yields to two-year lows. However, this optimism could lead to significant losses if the Fed chooses a smaller 25-basis-point reduction instead of the larger cut some are hoping for. The decision is highly anticipated, as it will set the tone for the Fed's rate-cutting cycle in an uncertain economic environment.
READ MOREInvestors Shift Focus from Fed Cuts to China's Economic Challenges
Investors at a regional forum in Singapore downplayed the significance of the Federal Reserve's upcoming interest rate decision, focusing instead on long-term economic trends and concerns about China's economic slowdown. While the Fed is expected to cut rates, participants like Ray Dalio and Jody Jonsson emphasized the importance of maintaining a broader perspective on economic factors and investment strategies.
READ MOREChina's Iron Ore Imports Defy Steel Industry Slowdown
China's steel and iron ore markets are experiencing a paradoxical situation. Despite weak steel production and demand, particularly in the construction sector, iron ore imports have remained strong. This disconnect is primarily driven by price dynamics, with steelmakers taking advantage of lower iron ore prices to restock inventories, even as steel prices and production decline. The situation highlights the complex interplay between raw material costs, finished product demand, and market expectations in China's steel industry.
READ MOREWestern Nations Struggle to Dent China's Rare Earth Monopoly
China's dominance in rare earth elements production and processing remains strong despite efforts by Western nations to reduce reliance. While China's market share has declined slightly in recent years, it still controls about 67% of global production and 90% of processing. Western countries are investing in domestic rare earth projects and supply chains, but China's established infrastructure and technological expertise make it challenging to significantly diminish its dominance in the near term.
READ MORE
How To Be On The Right Side of the Coming Wealth Transfer - Mike Maloney & Russ Gray
In this thought-provoking discussion from the Limitless Expo in Dallas, Mike Maloney and Russell Gray dive deep into the cycles of economic change
READ MOREGold's Ascent Towards $3,000
Gold prices have recently hit record highs, with experts predicting further increases to potentially reach $3,000 per ounce in the near future. This surge is attributed to various factors, including global economic uncertainties, anticipated Federal Reserve interest rate cuts, and strong demand from investors seeking a safe haven. The article suggests that gold's recent breakout from long-term resistance levels indicates a bullish trend, with pullbacks viewed as buying opportunities.
READ MOREGold Shines: Analysts Project $2,700 Target by Year-End
The Federal Reserve is expected to cut interest rates at its upcoming meeting, with growing speculation of a larger 50 basis point reduction due to concerns about labor market weakness. This prospect has boosted gold prices while weakening the dollar. Analysts believe gold could reach $2,700 per ounce by the end of the year if the dollar continues to decline, as overall market conditions remain favorable for the precious metal.
READ MOREFederal Reserve Signals Economic Pivot with Anticipated Rate Reduction
The Federal Reserve is poised to cut interest rates for the first time in over four years at its upcoming meeting on Wednesday, marking a significant shift in monetary policy. This move is expected to ease borrowing costs and stimulate economic growth, with the Fed aiming for a "soft landing" - reducing inflation without causing a recession. While a quarter-point cut is widely anticipated, some analysts are considering the possibility of a larger half-point reduction. The market is particularly interested in the Fed's future plans and how this decision will impact various sectors of the economy.
READ MOREBrazil Nearly Eradicates Illegal Gold Mining in Yanomami Territory
Brazil has made significant progress in removing illegal gold miners from the Yanomami reservation in the Amazon, addressing a humanitarian crisis that emerged from the influx of wildcat miners. Nilton Tubino, who oversees operations, reported that the Yanomami people are returning to traditional practices like farming and hunting. Since March, coordinated efforts involving police, military, and environmental agents have dismantled numerous mining camps, destroyed illegal airstrips, and seized mining equipment. The government has also improved health services and provided food aid to combat malnutrition and diseases exacerbated by the miners.
READ MOREGold Soars to New Heights as Fed Rate Cut Approaches
Gold prices have surged to record highs as investors anticipate a potential interest rate cut by the Federal Reserve in the coming week. This expectation has fueled optimism in the commodities market, particularly for gold, which tends to benefit from lower interest rates. The precious metal's value has been climbing steadily, reflecting market sentiment and economic forecasts.
READ MORE
Gold Breaks New All-Time Highs – Is Silver Next?
Gold's 25% surge this year outperforms many key assets, validating its investment value. Gold's outlook looks strong, with potential for further gains
READ MOREStocks, Gold Rise on Bet on Aggressive Fed Rate Cut
Wall Street is experiencing a significant shift in investment strategies as traders increasingly bet on a substantial Federal Reserve rate cut. This has led to a rotation from tech giants to smaller, economically sensitive stocks. The Russell 2000 index of smaller firms outperformed tech megacaps, while an equal-weighted version of the S&P 500 beat the standard benchmark. This rotation suggests a broadening of the market rally beyond the handful of tech companies that have dominated gains so far this year, as investors anticipate that Fed rate cuts will boost the broader economy.
READ MORE
Why Silver Is One Of The Most Important Elements On Earth
Silver is much more than just a precious metal... It’s a marvel that has fascinated humanity for thousands of years.
READ MOREYield Curve Uninverts: A New Economic Warning Sign?
The yield curve, a well-known recession indicator, has recently "uninverted," with the 2-year Treasury yield falling below the 10-year yield. While this might seem positive, historical patterns suggest that when this uninversion occurs just before the Federal Reserve starts cutting interest rates, it can still signal an impending recession. However, experts caution against relying solely on this indicator, as there have been instances where uninversion didn't lead to an immediate economic downturn. The current economic landscape, including recent job reports and inflation data, adds complexity to interpreting these signals.
READ MORE