Gold and Silver Industry & Investing News

The U.S. dollar fell sharply on Tuesday, particularly against the Japanese yen and Swiss franc, as concerns grew over President Trump’s proposed $3.3 trillion tax-cut and spending bill. The dollar hit a 10-year low against the Swiss franc and approached a one-month low versus the yen. Meanwhile, the euro climbed to its highest level since late 2021. The dollar’s weakness stems from fiscal worries about the massive debt increase, Trump’s criticism of the Federal Reserve, and uncertainty around upcoming trade deals. Investors are now expecting the Fed to cut interest rates more aggressively this year, with Goldman Sachs forecasting three...

Treasury Secretary Scott Bessent outlined the Trump administration’s strategy for replacing Federal Reserve Chairman Jerome Powell, whose term ends in May 2025. In a Bloomberg interview, Bessent revealed that current Fed officials are already under consideration for the role. The administration has two main options: appointing someone to fill Fed governor Adriana Kugler’s departing seat in January who would then become chair in May, or waiting to appoint a new chair directly in May (though this would only be a two-year term). Meanwhile, President Trump intensified his campaign for lower interest rates, posting a note on Truth Social accusing Powell...

After reaching a record $3,500 per ounce in April, gold has lost momentum and pulled back approximately 5%, puzzling analysts who expected geopolitical volatility and dollar weakness to drive prices higher. HSBC’s chief precious metals analyst James Steele sees this as the beginning of a larger correction, joining other analysts like those at Citi who predicted a 25% decline. Why HSBC expects gold to fall: – Fading safe-haven demand as worst-case trade war scenarios haven’t materialized – Trump’s compromise approach to tariffs reducing deglobalization fears – Markets successfully navigating various crises, reducing the need for defensive positioning – Higher prices...

Gold prices jumped over 1% on Tuesday, reaching $3,349.32 per ounce, as investors sought safety amid growing uncertainties. The weaker U.S. dollar made gold more attractive to international buyers, while concerns about potential U.S. tariffs and the country’s fiscal outlook drove demand for the precious metal. President Trump’s pressure on the Federal Reserve for rate cuts and ongoing trade tensions with Japan added to market uncertainty. Analysts expect gold to continue rising, with the next resistance level around $3,370.

A major warning from the Bank for International Settlements suggests Trump’s trade policies threaten to undo recent progress on inflation control. BIS General Manager Agustin Carstens reports that tariffs are creating economic uncertainty comparable to crisis conditions, potentially forcing central banks into a corner. The Fed faces the worst-case scenario: rising prices from import tariffs combined with slowing economic growth. This “stagflation” risk means traditional monetary tools become less effective – raising rates hurts growth while cutting rates fuels inflation. For precious metals investors, this environment historically favors gold and silver as hedges against currency debasement and economic uncertainty. The...

The Congressional Budget Office warns the Senate Republican tax bill would add $3.3 trillion to the national debt over the next decade and leave 11.8 million Americans uninsured by 2034. The bill extends $3.8 trillion in Trump-era tax cuts, paying for them through cuts to Medicaid and food aid programs. However, Republicans are split on how deep these cuts should go. Republicans dispute the CBO’s numbers, using alternative calculations that show the bill reducing deficits by $500 billion instead. Democrats call this “magic math.” The bill narrowly advanced 51-49 after lengthy negotiations, suggesting a tough road ahead.

Global oil markets experienced a 1% decline on Monday, driven by two key factors: easing Middle East tensions and anticipated supply increases. The Iran-Israel ceasefire, announced by President Trump after a 12-day conflict, removed much of the geopolitical risk premium that had pushed Brent crude above $80 per barrel. Prices have now retreated to $67.11 for Brent and $64.58 for WTI crude. Looking ahead, OPEC+ is expected to approve another production increase of 411,000 barrels per day at their July 6 meeting, marking the fifth consecutive monthly output boost since April. Despite the recent decline, oil prices remain on track...

Federal Reserve officials are sending mixed signals about when interest rates might be cut in 2025. Minneapolis Fed President Neel Kashkari says the timing will depend on how President Trump’s tariffs affect inflation and jobs. While the Fed kept rates steady at 4.25-4.50% in June, some officials suggest cuts could come as early as late July if tariff impacts prove mild. The Fed is balancing its goals of controlling inflation while keeping unemployment low as they monitor economic data over the next three months.

President Trump criticized Federal Reserve Chairman Jerome Powell on Sunday, claiming he’s keeping interest rates “artificially high” and calling him a “stupid person.” Trump believes rates should be at 1-2% instead of the current 4.25-4.5% range. The President said he won’t appoint a new Fed chair unless they agree to cut rates immediately, with Treasury Secretary Scott Bessent suggesting a replacement could be nominated as early as October 2025, months before Powell’s term ends in May 2026.