Silver Rises Over 120% YTD 
Major central banks are taking divergent policy paths as U.S. tariffs create different challenges across the global economy. While the U.S. Federal Reserve holds rates steady due to inflation concerns, the Swiss National Bank is considering negative rates to combat currency strength, and the Bank of Japan maintains a potential hiking bias despite growing caution. The article outlines the current positions of ten developed-market central banks, with many European and Pacific nations cutting rates or signaling future cuts while dealing with the disinflationary effects of stronger currencies against the dollar and the broader impact of trade tensions.
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Why Is Gold Falling When the World Is on Fire?
Why is gold falling when the world is on fire? This piece breaks down the five forces behind the selloff: Iran’s oil shock, the March jobs surprise, the Fed’s stagflation trap, Goldman’s $5,400 gold thesis, and whether the safe-haven story is broken or just deferred.
April 3, 2026
