Gold and Silver Industry & Investing News

Economic and political uncertainty has sparked renewed interest in gold as a safe investment. Gold prices have increased 20% since Trump’s election and 95% over five years. Both central banks and individual buyers are turning to gold, with U.S. gold inventories doubling as tons of gold are being transported to New York vaults. This trend accelerated after Russia’s invasion of Ukraine, when central banks began buying gold at twice the previous rate. While jewelry purchases have decreased, investment in gold bars and coins is up. Experts, including billionaire investor John Paulson, predict gold prices will continue rising significantly through 2028,...

Gold prices fell by 0.5% to $3,231.08 per ounce on Wednesday as improving U.S.-China trade relations eased global recession concerns. The two countries agreed to a 90-day suspension of reciprocal tariffs after weekend talks in Geneva, with the U.S. planning to reduce tariffs on low-value Chinese shipments to 30%. This agreement has boosted investor risk appetite and weakened gold’s safe-haven appeal, which had previously driven prices to a record high of $3,500.05 last month. According to Ole Hansen from Saxo Bank, gold faces potential further decline if prices drop below $3,200, potentially testing the $3,165 level. Meanwhile, traders await Thursday’s...

Gold prices edged lower for the second time in three days, initially falling by 0.9% before recovering somewhat due to a weakening dollar following reports about US-South Korea currency policy discussions. The decline comes as investors react to two key factors: the unexpected trade truce between the US and China following weekend talks in Switzerland, and lower-than-expected US inflation figures for April. The trade breakthrough has reinvigorated risk appetite, helping the S&P 500 recover all its 2025 losses as investors shift away from defensive assets like gold. Despite this recent pullback, gold has performed strongly this year, rising about 20%...

April saw a dramatic 12.7% decrease in egg prices – the biggest monthly drop in 40 years. While this brings some relief, eggs still cost 49.3% more than a year ago. This decline helped overall food inflation fall 0.1%, its largest monthly drop in nearly five years. Most grocery categories showed price decreases while restaurant food prices continued to rise. Experts note that increased egg imports and consumers avoiding eggs due to high prices contributed to the decline. Despite the overall positive trend, beef prices remained steady and are expected to stay high due to supply constraints.

Oil futures rose about 3% on Tuesday, driven by temporary U.S.-China tariff reductions and positive inflation data. Brent crude reached $66.81 per barrel and WTI crude hit $63.87, building on yesterday’s 4% gain following the announcement of 90-day tariff cuts between the two countries. April’s inflation rate of 2.3% – a four-year low – has led major banks to lower recession forecasts. This suggests the Federal Reserve will maintain current interest rates, potentially boosting consumer spending. Though OPEC+ plans to increase oil exports in coming months (May output expected to rise by 411,000 barrels daily), Saudi Arabia will keep its...

Wealthy investors are moving away from US dollar assets toward alternatives like gold, cryptocurrencies, and commodities, according to UBS executive Amy Lo. Speaking in Hong Kong, Lo noted that clients are diversifying their traditionally US-centric portfolios amid US-China trade tensions. Chinese markets, previously avoided by investors, are now gaining attention with Hong Kong’s stock index becoming a top global performer. A recent tariff reduction agreement has created new opportunities in both US and Chinese markets, with Morgan Stanley’s Christina Au-Yeung confirming improved outlook for US growth stocks and emerging investment themes in China.

Treasury yields rose slightly after April’s inflation report showed a 2.3% year-over-year increase, just below expectations. While inflation is slowing, the data may not fully reflect the impact of President Trump’s tariffs. The U.S. and China recently agreed to temporarily reduce most tariffs from 125% to 10% for 90 days, though analysts remain concerned about policy volatility and potential economic impacts of Trump’s trade policies.

Gold rebounded to $3,255.59 per ounce as markets shift focus to upcoming US inflation data. The precious metal had previously dropped when the US and China announced a 90-day tariff reduction agreement, with US duties on Chinese goods falling from 145% to 30% and China reducing most levies to 10%. While the easing trade tensions initially strengthened the dollar and raised Treasury yields (both negative for gold), some investors remain cautious about the trade deal’s limited details. Traders now expect only two Federal Reserve rate cuts in 2025, which could limit gold’s appeal since it doesn’t pay interest.

April’s US consumer price data came in better than expected, with both headline and core inflation rising just 0.2% for the month, below the forecasted 0.3%. The annual inflation rate dropped to 2.3%, its lowest level since early 2021. While some categories showed potential early impacts from recent tariff increases, economists believe it’s too soon to see the full effects. Grocery prices declined 0.4%, with egg prices seeing their largest drop since 1984. Markets responded positively to the inflation news, with S&P futures advancing and Treasury yields falling slightly.

The US dollar maintained its recent gains on Tuesday after the United States and China announced a pause in tariffs. This announcement caused a relief rally in stock and currency markets on Monday, with the dollar surging to a one-month high against other currencies. China’s yuan reached a six-month high, which also helped boost the Australian and New Zealand dollars. Despite these gains, some analysts believe the dollar’s strength may be temporary, with predictions of a long-term weakening trend as investors reconsider their heavy investment in US assets. The trade tension reduction has also lowered expectations for Federal Reserve rate...