Gold and Silver Industry & Investing News

China has matched President Trump’s 84% tariff increase with identical tariffs on US imports, escalating the trade war between the world’s two largest economies. Total US tariffs on Chinese goods now exceed 104%, which China’s State Council called “a mistake upon mistake” that harms the global trading system. Beyond tariffs, China has imposed export controls on 12 US companies, banned six US firms from trading or investing in China, and filed a WTO complaint. Treasury Secretary Bessent dismissed these actions, arguing the trade war will hurt China more due to its export dependence on the US market.

President Trump’s reciprocal tariff plan has officially gone into effect, with U.S. Customs and Border Protection beginning to collect country-specific tariffs from 86 U.S. trade partners starting at 12:01 a.m. ET. The plan includes a substantial 104% tariff on Chinese goods, intensifying trade tensions between the world’s two largest economies. China has pledged to impose countermeasures in response, while the European Union, through Commission President Ursula von der Leyen, has indicated willingness to negotiate but is also preparing retaliatory measures. The tariffs have triggered significant negative reaction in financial markets, with U.S. stocks selling off sharply ahead of the implementation...

Gold rallied as much as 3%, reaching $3,073.04 before settling at $3,066.69 an ounce, as global markets reacted to President Trump’s extensive new tariff policies and China’s immediate countermeasures. The precious metal’s rebound came amid a surprising selloff of US Treasury bonds—typically considered safe-haven assets—indicating heightened investor anxiety. Trump has imposed tariffs on approximately 60 trading partners, with China facing a particularly steep 104% tariff, to which China responded with 84% tariffs on US goods.

According to the London Bullion Market Association (LBMA), gold reserves in London vaults rose marginally by 0.1% to 8,488 metric tons at the end of March. This small increase marks a significant change from previous months when gold was rapidly flowing from London to New York. The shift occurred after the US government excluded gold from broader import tariffs, narrowing the premium of Comex gold futures over London spot prices. Between December and March, market participants had been moving substantial gold supplies to the US to cover their Comex positions against the threat of tariffs, which President Trump had pledged...

According to the World Gold Council’s latest monthly report, gold reached a record $3,115/oz in March 2025, posting a 9.9% monthly gain despite dollar weakness. This rally was driven by euro strength, tariff-related geopolitical concerns, and strong ETF buying, with US funds leading at $6 billion (67 tons) in net inflows. The WGC report warns about declining market liquidity, similar to 2022 when quantitative tightening caused simultaneous bond and equity declines. However, today’s environment differs significantly with its combination of sticky inflation and slow growth (stagflation), continued central bank gold purchases, and renewed US ETF investor participation. Unlike traditional commodities,...

Euronext CEO Stephane Boujnah has revealed that European investors are withdrawing physical gold assets from US storage facilities due to concerns over the Trump administration’s unpredictable trade policies. In a France Inter radio interview, Boujnah described markets attempting to adapt to what he called an “unrecognizable” United States. Global markets have suffered a $10 trillion decline following President Trump’s announcement of sweeping tariffs, creating widespread economic uncertainty. While some market stabilization occurred Tuesday as investors sought buying opportunities, tensions remain high with China pledging retaliation against any further US tariff increases. Boujnah observed that investors increasingly view Europe as offering...

Indian jewelry giant Titan Company reported Monday that its fourth-quarter revenue grew 25%, outpacing last year’s 17% growth despite gold prices rising 15% in 2024. While the rising gold prices have caused middle-class consumers to cut back on discretionary spending, they haven’t deterred affluent Indians from purchasing gold ornaments for weddings or as investments. Titan’s jewelry business, which represents about 90% of total company revenue through brands like Tanishq and CaratLane, saw particularly strong growth in plain gold jewelry (up 27%) and gold coins (up 65%), demonstrating strong consumer preference for gold as both adornment and investment.

Wall Street is facing a harsh reality check as billionaire Bill Ackman publicly acknowledged his miscalculation regarding President Trump’s economic policies. After markets plummeted by nearly $6 trillion in a two-day rout, Ackman tweeted “My bad,” admitting he “assumed economic rationality would be paramount” and didn’t foresee Trump actually implementing his promised tariffs. This came as a stark contrast to Ackman’s post-election enthusiasm when he predicted Trump would lead “the most pro-growth, pro-business, pro-American” administration in his lifetime.