Inside Fort Knox: What to Know About America’s Legendary Gold Vault

Here’s what you need to know about today’s most important economic and precious metals news:  Gold Smashes Through $3,600 as Critical Fed Week Begins  Gold soared to an all-time high Monday, smashing through $3,600 as investors bet on lower interest rates ahead. Spot gold peaked at $3,636 per ounce, extending this year’s remarkable 38% rally.  What’s driving the surge? A perfect storm of factors: anticipation of Fed rate cuts, aggressive central bank buying, and persistent economic uncertainty. The milestone extends beyond U.S. markets — in Canada, gold topped CAD$5,000 per ounce, a striking achievement considering the Bank of Canada holds

US Jobs Report Disappoints: Only 22,000 New Positions Added  The August jobs report delivered a shock to markets this morning. The US economy added just 22,000 jobs last month — far below the 75,000 economists expected. Even worse, the unemployment rate ticked up to 4.3%, its highest level since 2021.  But here’s the real kicker: June’s numbers were revised down from a gain of 14,000 to a loss of 13,000. That marks the first negative jobs month since December 2020, ending one of the longest employment expansion streaks on record. The message is clear — the economy is slowing considerably

Gold Dips From Record High As Eyes Turn To Jobs Data  Gold slipped 0.8% to $3,530.69 an ounce yesterday after touching an all-time high of $3,578.50. The pullback was simple profit-taking after that spectacular run, with silver dropping alongside its yellow cousin.  But here’s what traders are really watching: July’s job openings fell sharply, strengthening the case for a Fed rate cut on September 17. The weakness in the labor market adds to growing evidence that the economy is cooling, which typically prompts the Fed to ease monetary policy. Lower rates boost gold’s appeal since the metal doesn’t pay interest,