Gold and Silver Industry & Investing News

Citi Research has increased its 3-month gold price target from $3,000 to $3,200 per ounce, driven by strong demand from official sectors and exchange-traded funds. Their bullish outlook suggests gold could reach $3,500 per ounce by year-end if investors seek protection against potential US economic stagflation or a hard landing.

Record gold prices are significantly impacting the Asian market, with India seeing discounts reach an eight-month high of $41 per ounce as demand plummeted. Domestic Indian gold prices surged to an unprecedented 89,796 rupees per 10 grams, climbing more than 15% since the beginning of the year. This price surge has caused Indian gold imports to collapse by 85% in February compared to last year, reaching a 20-year low. Similar patterns are evident in China, where gold traded at discounts of $2-$16 under spot prices. China’s overall gold consumption in 2024 fell 9.58% year-on-year to 985.31 metric tons, with jewelry...

President Trump has invoked emergency powers using Cold War-era legislation to boost domestic critical mineral production and reduce U.S. dependence on foreign suppliers, particularly China. The executive order directs government agencies to prioritize mining projects, provide technical and financial support, expedite permits, and focus on production from federal lands. This move comes amid escalating trade tensions with China, which recently banned sales of some critical minerals to the U.S. Trump is also pursuing international agreements to secure access to mineral resources in Ukraine, the Democratic Republic of Congo, and has expressed interest in Greenland.

Gold pulled back 0.5% to $3,030.81 on Friday as investors took profits after three straight record highs. The retreat was partly due to a stronger U.S. dollar (up 0.2%), which made gold more expensive for foreign buyers. U.S. gold futures also dipped 0.2% to $3,037.70. Despite this decline, gold remains on track for its third weekly gain, rising 1.6% this week and hitting an all-time high of $3,057.21 on Thursday. Exinity Group’s chief analyst Han Tan called this a “healthy pullback” after gold broke above $3,000. Analysts remain optimistic about gold’s future, expecting the uptrend to continue amid market uncertainty,...

Gold continues to trade near its all-time high of $3,057.49 per ounce as market instability grows over potential trade war escalation. With President Trump’s administration preparing to announce new tariffs on April 2, investors are flocking to gold as a safe haven asset. The precious metal has climbed 16% this year alone, achieving 15 record highs in 2025 and extending its strong performance from last year. Beyond trade concerns, ongoing conflicts in the Middle East and Ukraine have enhanced gold’s appeal, prompting major financial institutions like Macquarie Group to raise price targets, with predictions reaching as high as $3,500 per...

Federal Reserve officials have significantly lowered their economic growth projections to below 2% while simultaneously increasing their inflation outlook. Growth is now expected at just 1.7% (down from December’s 2.1% projection), while core inflation is forecast at 2.8% annually (up from 2.5%). This combination of slowing growth and rising inflation has sparked stagflation concerns. Fed Chair Powell acknowledged that inflation “has started to move up” partly due to tariffs, and noted “significant concerns about downside risks” despite an overall “solid picture.” The Fed kept interest rates unchanged at 4.25%-4.5% and still projects two rate cuts for 2025, though their stance...

Starting April 1, the Federal Reserve will slow down how quickly it shrinks its balance sheet. It will reduce the monthly cap on Treasury securities that mature without being replaced from $25 billion to just $5 billion, while keeping the mortgage-backed securities cap at $35 billion. Chair Powell noted that even though the banking system still has plenty of cash reserves ($3.46 trillion), officials have seen some tightening in money markets. He stressed this slowdown won’t change their long-term balance sheet goals. This decision is closely tied to the ongoing debt ceiling talks. Since the U.S. hit its debt limit...

Fed Chair Jerome Powell admitted regret in May 2023 for calling pandemic inflation “transitory.” Throughout 2021, Powell insisted rising prices were temporary, blaming supply chain problems and product shortages from the pandemic. He was wrong. Inflation hit a 40-year high in 2022, forcing the Fed to rapidly raise interest rates. Republicans harshly criticized Powell for this error and slow response. Now, in a surprising flip-flop, Trump officials are using the very word they once attacked. After Powell said “the last time there were tariffs… the inflation was transitory,” Trump’s economic advisor Kevin Hassett eagerly repeated this claim to White House...

President Trump has threatened 200% tariffs on European alcohol, escalating global trade tensions. After claiming on Truth Social that “The Entire World is RIPPING US OFF!!!”, financial markets have dropped sharply, creating economic uncertainty. This market decline, along with tightening credit conditions, creates challenges for the Federal Reserve during their meeting this week. The Fed must now determine if consumer spending—which drives economic growth—will slow down as households lose net worth from market drops and face harder loan approval processes. These developments have raised serious questions about whether the U.S. is heading toward a recession or if current economic policies...