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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.

TOP NEWSJavier Milei's Budget Miracle: Libertarian Principles in Action!

 See full story: Javier Milei's Budget Miracle: Libertarian Principles in Action! Explore how Libertarian President Javier Milei swiftly achieved a balanced budget in Argentina, challenging traditional government norms.

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Feb 22, 2024 - 12:41:57 PST

The CPI Metric That’s Lower Today Than It Was in 1800

Most people think prices just always go up. But that depends on how you measure the price. One asset shows that that’s not always the case.

Feb 27, 2024 - 09:41:47 PST

Analysts Predict Brighter Prospects For Gold Ahead in 2024

Gold prices are currently experiencing a slight decline, sitting at $2,041.7 per troy ounce, with a modest outlook for imminent price increases according to Macquarie analysts. Despite gold's strong recent performance, driven largely by significant physical demand from China, the prospect for near-term price growth remains limited. This is attributed to the inverse relationship between gold prices and physical demand changes. Initially, expectations were set high for a March rate cut by the Federal Reserve, but with the Fed Funds futures now anticipating three to four 25 basis points cuts from June, the outlook appears more balanced. However, Macquarie analysts anticipate a more favorable macrofinancial environment later in the year, which could propel gold prices to new heights, suggesting that while immediate gains may be constrained, the potential for a rise in gold prices later in the year remains.

Feb 27, 2024 - 09:35:49 PST

Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job Growth

The possibility of the U.S. Federal Reserve reducing interest rates in 2024 could be impacted by recent economic indicators, including robust job growth and less promising inflation data, potentially postponing rate cuts until summer. Despite inflation receding from its peak, there's a concern that it may have plateaued around 4%, rather than continuing its descent towards the Fed's target of 2% per annum. This development challenges earlier market expectations of an imminent rate cut, suggesting that the Fed may adopt a cautious approach to monetary policy adjustments until clearer trends emerge, underscoring the delicate balance between stimulating economic growth and controlling inflation.

Feb 27, 2024 - 07:40:17 PST

De-Dollarization: Cross-Border Payment Platform to Include Currencies from Pakistan, India, and Chin

BUNA, the UAE-based cross-border payment platform, is poised for a significant expansion by integrating currencies from Pakistan, India, China, as well as various African and European nations during 2024-2025. Announced by Fahad Al Turki, chairman of the Arab Regional Payments Clearing and Settlement Organization, at the World Governments Summit in Dubai, this initiative seeks to enhance BUNA's connectivity with national payment systems globally. This expansion is aimed at fostering financial collaboration across continents, with UAE Minister of State for Financial Affairs, Mohamed bin Hadi Al Hussaini, emphasizing BUNA's role in promoting investments and the usage of Arab currencies in financial transactions, while also upholding strict compliance against money laundering and terrorism financing.

Feb 27, 2024 - 07:28:11 PST

Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St Analyst

According to Jim Bianco, a renowned Wall Street analyst, the Federal Reserve may not lower interest rates throughout 2024, deviating from earlier predictions of potential rate cuts. In a recent Bloomberg interview, Bianco shifted his stance closer to expecting no rate reductions, suggesting that the current high interest rates have not significantly harmed the economy. He challenges the notion that rates must fall to prevent economic damage, pointing out that, aside from minor issues like those in commercial real estate, the broader economy has remained resilient.

Feb 27, 2024 - 07:17:28 PST

Credit Card Debt: America's $1.13 Trillion Problem

The average American is now shouldering a historically high level of credit card debt. As reported by the Federal Reserve, the total amount owed rose to $1.13 trillion in the final quarter of 2023. This staggering figure is mirrored by the fact that nearly 170 million consumers are currently carrying a balance on their credit cards, highlighting a widespread financial challenge, according to TransUnion. Understanding the magnitude of one's own debt is a crucial step towards devising a strategic plan to address and mitigate this financial burden, underscoring the importance of personal financial awareness and proactive management.

Feb 27, 2024 - 06:49:06 PST

Dimon Highlights Commercial Real Estate's Recession-Contingent Future

Jamie Dimon, the CEO of JPMorgan Chase & Co., has expressed a cautiously optimistic outlook regarding the commercial real estate sector, emphasizing that challenges within the industry could remain limited to specific areas, provided the U.S. steers clear of a recession. In a recent interview with CNBC, Dimon noted that despite the pressures from higher interest rates leading to lower property valuations, this situation does not constitute a crisis but is rather an anticipated adjustment. He suggested that many property owners are in a position to manage the current stress by refinancing and injecting more equity if necessary. However, Dimon also warned that an increase in rates coupled with a recession could exacerbate problems in the real estate market, with certain banks potentially facing significant difficulties.

Feb 26, 2024 - 11:35:33 PST

Economic Optimism: Growth and Jobs Up, Inflation Down in 2024 Forecast

Economists are forecasting a promising outlook for the U.S. economy in 2024, anticipating faster growth, reduced inflation, and robust job creation, defying the previous year's recession fears. The National Association for Business Economics projects a 2.2% increase in GDP, alongside a decrease in the Consumer Price Index to 2.4%, signaling a significant improvement from past years. This optimistic scenario suggests a balanced economic environment, with moderated inflation and sustained growth.

Feb 26, 2024 - 11:01:59 PST

The Great American Housing Squeeze: Construction Costs Out of Reach for Most

The housing affordability crisis in America has reached a dire point where nearly two-thirds of American families are unable to afford the construction costs of an average home. To determine what Americans can actually afford, Creditnews Research delved into the costs in the various stages of residential property construction and how they compare to Americans' purchasing power. The research highlights that less than half of American households can bear the expenses of constructing a standard single-family house. Furthermore, a staggering one in four households is financially incapable of securing a mortgage that extends beyond covering the basic structure of a home.

Feb 26, 2024 - 10:24:09 PST

Paul Tudor Jones Sounds Alarm on U.S. Debt Crisis

Billionaire investor Paul Tudor Jones has raised alarms over the burgeoning U.S. federal debt, which he refers to as a "debt bomb" that may soon reach a critical juncture. In a candid discussion with CNBC, Jones discussed the severity of the current U.S. economic situation, which is significantly buoyed by the government's extensive borrowing and spending. This reliance on debt, according to Jones, poses a substantial threat to the nation's financial stability. He points out that projections from the Congressional Budget Office (CBO) indicate that by 2024, the cost of servicing the U.S. debt is expected to eclipse other major expenditures, including defense and Medicare, marking a concerning milestone in the country's fiscal trajectory.

Feb 26, 2024 - 10:07:13 PST

ZeroHedge: There's An Odd Chill In The Air - Dallas Fed Respondents Warn Of "Pending Doom"

The Dallas Fed's Manufacturing Survey has continued its negative trend for the 22nd consecutive month as of February, although there was a slight improvement from January's lows. The headline indicator remained in the negative territory at -11.3, reflecting ongoing challenges in the manufacturing sector.

Feb 26, 2024 - 09:48:24 PST

Gold Prices Dip in Anticipation of Pivotal U.S. Inflation Report

Gold prices saw a slight decline as investors and traders turned their attention to the upcoming U.S. inflation data, expected to be released this week. This data is significant as it could potentially affect the Federal Reserve's decisions on interest rate cuts. Spot gold fell by 0.5% to $2,025.91 an ounce, while U.S. gold futures experienced a 0.6% drop to $2,036.60. The focus is particularly on the U.S. personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation measure, which is anticipated to show a 0.4% monthly increase. Analysts suggest that higher-than-expected PCE data might exert downward pressure on metal prices, though gold is expected to stay above the $2,000 mark unless the economic data released this week is exceptionally high.

Feb 26, 2024 - 09:37:41 PST

The Declining Yen: A Look into Its Battle Against the Dollar

The Japanese yen has significantly weakened against major currencies, marking it as the decade's worst performer. Particularly against the US dollar, the yen has fallen 37.8% since 2020, even reaching a 30-year peak above 151.50. Despite the dollar's strong performance, a large majority of traders (74%) are betting on the yen to bounce back, anticipating a return to its average historical values. This suggests a widespread belief in a potential correction following its steep decline, highlighting investor sentiment for a mean reversion in the currency market.

Feb 26, 2024 - 07:06:38 PST

US Debt and the Rising Specter of Bond Vigilantes: A Financial Stability Threat?

The resurgence of bond vigilantism in the market for sovereign debt, as seen in the UK's recent financial turmoil, raises concerns about potential impacts on the US economy. With the US's significant role in providing safe assets during global crises and the dollar's status as the leading reserve currency, the idea of similar challenges in the US Treasury market seems almost unthinkable. Despite the US economy's decreasing share of global output, the dollar remains a cornerstone of central banks' foreign exchange reserves, largely due to its backing by the world's largest and most liquid debt market. However, some caution that Treasuries may no longer be considered an ultra-safe store of value, a point not addressed in optimistic views about the dollar's enduring dominance.

Feb 26, 2024 - 06:27:55 PST

Citadel Strikes Gold in Commodities: Over $4 Billion Earned in 2023

In 2023, Citadel, a leading multi-strategy hedge fund, saw its profits soar thanks to its commodities trading business, which raked in over $4 billion. The Bloomberg report highlights Citadel's strategic prowess in leveraging market trends and volatility to secure substantial gains, illustrating the hedge fund's strong performance in a sector known for its challenges and opportunities.

Feb 26, 2024 - 06:17:51 PST

World Gold Council Launches 'You are Gold' Campaign in India

The World Gold Council has kicked off the 'You are Gold' campaign in India, targeting a fresh and youthful audience. This innovative multimedia initiative is designed to deepen the connection between millennials, Gen Z, and gold, casting the precious metal not just as a financial asset but as a symbol of personal empowerment and expression. It's a strategic move to align gold with the values of courage, perseverance, and the expressive identity of younger generations, thereby rejuvenating its appeal in a country with deep-rooted gold traditions.

Feb 23, 2024 - 13:24:14 PST

Retirement Dreams Fade for Young Americans Amid Economic Challenges

The dream of retirement seems increasingly elusive for many younger Americans. A recent survey by the TIAA Institute revealing that about 21% of those aged 22 to 34 view retirement as either unattainable or not part of their life plan. This sentiment is understandable given the mounting challenges they face: the scarcity of decent entry-level jobs, the heavy burden of student loans, and the soaring cost of living. Social media platforms like TikTok are flooded with discussions about a "silent recession" or "silent depression," highlighting the struggle to afford basic necessities such as auto insurance, food, rent, and utilities...

Feb 23, 2024 - 13:09:53 PST

Economists Put Recession Odds at 40%

Economists have recently updated their U.S. recession predictions, now estimating only a 40% chance, thanks to anticipated robust job market performance and solid consumer spending. This optimism is reflected in the revised economic growth forecast, which has been adjusted to a 2.1% annualized rate for this year, a significant increase from last month's 1.5% projection. This uptick is attributed to expected increases in household demand and government expenditure. Furthermore, consumer spending, a critical engine of the economy making up two-thirds of the GDP, is projected to rise by nearly 0.5% more than previously thought in the coming two years.

Feb 23, 2024 - 11:41:49 PST

The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers

In 2023, the U.S. economy leaned heavily on consumer spending. Now, record-breaking credit card debt combined with soaring interest rates has catapulted delinquencies to new heights, signaling a burgeoning crisis in credit card debt. As these financial pressures mount, an increasing number of Americans are desperately seeking solutions. Data from Money Management International (MMI), a nonprofit credit counseling agency, reveals a significant spike in individuals seeking debt counseling post-holidays in January. This trend shows the urgent need to address and mitigate the growing credit card debt crisis.

Feb 23, 2024 - 11:30:55 PST

Fidelity's Macro Guru Sees Bitcoin Reaching $6 Trillion Valuation

Jurrien Timmer, Fidelity's Director of Global Macro, predicts Bitcoin's market capitalization could reach $6 trillion. His analysis, which was shared in a recent post, hinges on the premise that Bitcoin will increasingly be seen as a digital counterpart to traditional gold, serving as a dependable store of value.


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