Gold and Silver Industry & Investing News

The U.S. dollar held near its highest level in over two weeks against the Japanese yen as President Trump ramped up trade tensions, announcing a fresh round of tariffs set to begin August 1. The dollar also edged higher against major currencies following threats of levies on copper, semiconductors, and pharmaceuticals. Despite recent strength, the dollar index remains down over 6% since Trump introduced “Liberation Day” tariffs in April. Markets are interpreting these aggressive moves as negotiation tactics, but Japan remains far from a deal, causing its yen to weaken sharply. Investors are also watching upcoming Japanese elections and U.S....

President Trump has announced a 50% tariff on imported copper and says more tariffs are coming soon — including steep levies on semiconductors and pharmaceuticals. U.S. copper prices jumped over 10% on the news, while global trade partners like Japan and South Korea are scrambling to respond. Trump claims talks with the EU and China are progressing, but global markets remain on edge as the trade agenda expands with little notice or clarity.

U.S. copper prices have hit record highs following President Trump’s plan to impose a 50% tariff on copper imports. While meant to boost domestic production, experts say that will take years — and the U.S. still relies on imports for nearly half its copper needs. Prices on the Comex jumped 13% in a single day, far outpacing global benchmarks. With the premium between U.S. and global copper prices hitting unprecedented levels, analysts warn of serious consequences for manufacturers, construction, and the broader economy.

Gold prices continued their decline as global trade tensions eased slightly. President Trump extended the deadline for new tariffs, giving countries more time to negotiate and reducing immediate fears of a trade war. This softened demand for gold as a safe-haven asset. Spot gold dropped 0.3% to $3,292.50 an ounce, compounding earlier losses. However, uncertainty remains. Trump hinted at possible tariffs on copper and pharmaceuticals, which could renew haven demand. Meanwhile, rising Treasury yields and scaled-back expectations for Fed rate cuts are also pressuring gold. Despite the recent dip, gold has surged about 25% this year, supported by central bank...

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Gold prices trimmed earlier losses after President Trump announced a 25% tariff on goods from Japan and South Korea, set to begin August 1. While gold initially dipped due to a stronger dollar—boosted by talk of broader tariffs on BRICS-aligned nations—investors quickly turned back to gold as a safe haven amid renewed trade uncertainty. Bullion remains up over 25% for the year, supported by central bank buying and strong ETF inflows. With markets bracing for further tariff threats, gold’s role as a hedge remains firmly in focus.

Goldman Sachs now expects the Federal Reserve to begin cutting interest rates as early as September—three months earlier than its previous forecast. The shift comes as disinflationary pressures have proven stronger than anticipated, and the economic effects of tariffs appear smaller than expected. While the labor market remains healthy, signs of softening—like fewer job openings and slowing wage growth—support the case for easing. Goldman now sees five rate cuts by mid-2026 and a lower long-term terminal rate of 3.0–3.25%, down from 3.5–3.75%.

America’s budget deficit is ballooning—and it’s raising red flags across the financial world. Independent forecasts, including from Yale and the CBO, say President Trump’s budget plan could add trillions to the national debt in the next decade. The deficit is now over 6% of GDP, its highest level outside of wartime or crisis. CNBC’s special report, America’s Deficit Reckoning, explores how this rising debt could impact markets, the economy, and U.S. global power. Experts warn that rising interest payments, inflation risks, and reduced fiscal flexibility could create lasting damage—especially for future generations.

Australia’s central bank is keeping a close eye on inflation risks, even as recent data shows price growth remains within target. Reserve Bank of Australia (RBA) Governor Michele Bullock warned that high labor costs and weak productivity could still push inflation higher. While the board is aligned on direction, members were divided on timing, with some favoring an immediate rate cut. Bullock emphasized the need for more data before making further moves and highlighted global uncertainty—especially from ongoing trade tensions—as a key concern.

Hungary’s inflation rate rose to 4.6% in June, driven by higher food, energy, and service costs. While this matched economists’ expectations, it marked the highest inflation level since March. Despite government efforts to cap prices on essentials like food, energy, and telecom services, consumer prices continue to rise. Food alone saw a 6.2% increase, with staples like eggs and flour jumping over 20%. The central bank has held interest rates steady for nine consecutive months, signaling ongoing caution amid persistent inflation and weak economic growth.