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.
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Rate Cut Continues, but Fed Faces New Challenges in Trump's Second Term
The Federal Reserve has cut interest rates for the second consecutive time, lowering the federal funds rate to 4.5%-4.75%. While this move aims to support economic growth, uncertainty looms due to Donald Trump's re-election and his proposed economic policies. Fed Chair Jerome Powell emphasized the central bank's independence, stating he would not resign if asked by Trump, setting the stage for potential tensions between the Fed and the incoming administration.
READ MOREHedging Against Uncertainty: The Rise of Gold and Silver in Election Year
In his latest analysis, Mike Maharrey contends that the real winners of the 2024 election are gold and silver. He points out that despite changing administrations, trends of expanding government and rising debt persist. Maharrey emphasizes the strong performance of precious metals, with gold setting 39 all-time highs and both gold and silver outpacing major stock indices. He advocates for investing in these metals as a protective measure against economic instability and federal policy impacts.
READ MOREGold Retreats as Markets Digest Fed Decision and Trump's Economic Vision
Gold prices experienced a volatile week, ending with a decline as investors evaluated the Federal Reserve's interest rate decision and Donald Trump's election victory. The Fed's 25 basis point rate cut initially boosted gold, but uncertainty about future cuts and expectations of Trump's economic policies led to a strengthening dollar, putting pressure on the precious metal.
READ MORECME CEO, 'Gold Trades have Tripled Today'
According to CME CEO, Terry Duffy, trading activity for gold has increased significantly following the recent election. This surge in trading volume suggests heightened investor interest and market volatility surrounding gold in response to the election outcome. The dramatic increase in gold trades likely reflects investors adjusting their portfolios and hedging strategies in light of potential policy changes and economic impacts stemming from the election results.
READ MOREFed Cuts Rates Amid Uncertain Economic Landscape Following Trump's Win
The Federal Reserve is expected to cut interest rates by a quarter percentage point on Thursday, following Donald Trump's election victory. This decision comes amid a changing economic landscape, as Trump's proposed policies on tariffs, taxes, and immigration could significantly impact growth and inflation. The Fed now faces the challenge of navigating these potential changes while maintaining its independence and managing inflation expectations.
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Trump, Gold & Bitcoin: How the "Allies in Freedom" Are Shaping a New Era | Mike Maloney
In this video, Mike Maloney and Allan Hibbard dive into the significance of cryptocurrencies and precious metals as “allies in freedom”
READ MOREOil Markets Stabilize Post-Election: Balancing Trump's Policies and Supply Concerns
Oil prices experienced a slight recovery following the U.S. presidential election, as traders weighed the potential impact of Donald Trump's victory on oil supply and demand. The market is balancing concerns over possible supply disruptions due to Trump's policies, particularly regarding Iran and Venezuela, against the strengthening U.S. dollar and rising inventories. Additionally, Hurricane Rafael in the Gulf of Mexico is contributing to supply concerns, temporarily halting some oil production in the region.
READ MOREBank of England Cuts Rates, Warns of Inflation Pressures Ahead
The Bank of England has cut interest rates to 4.75%, with expectations of gradual further reductions. However, the recent UK budget and Donald Trump's election victory are likely to increase inflationary pressures, potentially slowing the pace of future rate cuts. This marks a shift from the post-2008 era of deflation concerns to a higher interest rate environment, distinct from both the pre-2008 and post-2008 periods.
READ MORECentral Banks Brace for Turbulence as Trump Reclaims White House
Donald Trump's victory in the US presidential election presents significant challenges for central banks worldwide. The unexpected outcome has left monetary officials unprepared, as they couldn't position themselves for a Republican triumph beforehand. Central banks will need to adapt quickly to the new political landscape, potentially facing pressure from Trump's policies on tariffs, immigration, and taxes. These changes could complicate efforts to manage inflation and maintain economic stability, particularly if Trump continues his past practice of criticizing the Federal Reserve.
READ MORE10-Year Treasury Yield Hits 4.46% Post-Election
The 10-year Treasury yield rose sharply to 4.461% after Donald Trump defeated Kamala Harris in the presidential election. This significant increase is attributed to market expectations of economic growth and increased government spending, particularly if Republicans secure a majority in Congress.
READ MOREBitcoin Up as Trump Pledges to Make US 'Crypto Capital'
The US stock market and cryptocurrency prices surged to record highs following Donald Trump's victory in the 2024 presidential election. Investors reacted positively to the prospect of Republican policies, including lower taxes and deregulation. The Dow Jones Industrial Average jumped over 1,200 points, while Bitcoin reached a new all-time high above $75,000. Trump's win also boosted his own media company's stock by nearly 38%. However, some sectors like renewable energy saw declines, and analysts warn that Trump's policies could potentially reignite inflation.
READ MOREDollar Surge on Trump Win Sends Precious Metals into Freefall
Gold and copper prices plummeted following Donald Trump's decisive victory in the U.S. presidential election. The surge in the U.S. dollar, driven by Trump's win, put pressure on commodities as it made metals more expensive for buyers using other currencies. While the immediate market reaction was negative for precious metals, analysts suggest that Trump's presidency could eventually be bullish for gold due to potential geopolitical tensions and economic policies.
READ MOREElection Aftermath: Trump Victory Pressures Gold, but Bullish Outlook Remains
Gold prices fell following Donald Trump's decisive election victory, primarily due to a strengthening US dollar making bullion more expensive for many buyers. While the immediate impact was negative for gold, analysts predict a potentially bullish long-term outlook under Trump's presidency, citing factors such as inflationary pressures and potential trade tensions with China.
READ MOREUS Stocks Climb as Election Day Unfolds: Market Overview
US stocks advanced as voting commenced in a pivotal presidential election, which is expected to significantly influence future economic policies. The S&P 500 rose over 1%, buoyed by positive momentum in the broader market, with technology stocks like Nvidia and Tesla contributing to gains in the Nasdaq 100. Treasury yields increased following strong data indicating that the US services sector expanded at its fastest pace in over two years, with 10-year yields climbing to 4.34%. The dollar weakened during afternoon trading as investors adopted a cautious stance ahead of the election results. Historically, the S&P 500 has performed well on election days, rising on nine of the last eleven occasions, with a median return of 0.8%.
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The Only Issue More Important Than The President
In this eye-opening video, we delve into why the monetary system matters more than which party holds the presidency.
READ MORERare Uptick for Zimbabwe's Struggling Currency: ZiG Gains 4%
Zimbabwe's gold-backed currency, the ZiG, has shown a rare positive performance against the US dollar, strengthening by 4% to 26.90 per dollar according to central bank data. This marks the second consecutive day of gains for the ZiG, which has struggled since its introduction in April. The currency's appreciation is attributed to tighter monetary policies implemented by the central bank, including devaluation, interest rate hikes, and increased reserve requirements. However, experts caution that sustaining this momentum may be challenging due to expected high dollar demand during the upcoming agricultural planting season.
READ MOREMarket Volatility Spikes as Treasuries React to Election Day Pressures
Treasury yields climbed on Election Day, with the two-year yield hitting a multi-month high and the 10-year yield approaching a three-month peak. The increase was driven by strong US services sector data and anticipation of the Federal Reserve's interest rate decision. Market volatility indicators suggested investors were preparing for significant fluctuations in yields following the election results.
READ MOREChinese Economic Rebound Fuels Copper Price Surge
Copper prices have risen for the third consecutive day, driven by positive economic data from China and expectations of further stimulus measures. China's services sector showed strong growth, and recent factory indicators have been better than anticipated, suggesting that existing stimulus efforts may be yielding results. The market is anticipating additional economic support measures from the Chinese government, which could further boost copper demand.
READ MOREGold Steadies as US Election and Fed Rate Decision Approaches
As the US election gets underway and the Federal Reserve is expected to lower interest rates, gold prices hold steady just below their all-time high. Bullion has seen a significant surge of more than 30% in 2024, driven by factors such as anticipated rate cuts, central bank purchases, and geopolitical uncertainties. The close presidential race and possibility of a prolonged vote count may further support gold's appeal as a hedge against market instability.
READ MOREGold Retreats from Record Highs as Investors Lock in Profits
Gold prices have experienced a minor pullback from recent all-time highs, primarily due to profit-taking by traders. The precious metal briefly touched $2,800 per ounce before retreating, with volatility driven by factors such as the upcoming U.S. election, economic uncertainty, and geopolitical tensions. Despite the short-term fluctuations, long-term investments continue to flow into gold, with ETFs seeing net inflows and central banks increasing their reserves. The market remains sensitive to economic indicators and potential policy shifts, with investors closely watching for signs of further volatility or stabilization in gold prices.
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