Gold and Silver Industry & Investing News

A potential gold revaluation to $3,000 per ounce could help reduce U.S. debt without destabilizing markets. The proposed strategy involves using revalued gold as collateral for 0% borrowing to retire high-interest debt, potentially freeing up $800 billion in buying power. This approach, linked to Trump’s Sovereign Wealth Fund proposal, aims to avoid the pitfalls of the 1973 revaluation while restoring fiscal stability.

Homebuilder confidence has dropped to its lowest point in five months, with the NAHB index falling to 42 in February. The decline is driven by concerns over new steel and aluminum tariffs, persistent high mortgage rates around 7%, and overall high housing costs. Builders are particularly worried about Trump’s upcoming 25% tariffs on imported steel and aluminum, which could significantly impact construction costs.

Americans are facing growing challenges with their debt obligations, according to the Federal Reserve Bank of New York’s latest report. Total household debt increased 0.5% to $18.04 trillion in the fourth quarter of 2023, with credit card balances surpassing $1.2 trillion – a 7.3% year-over-year increase. While debt growth can reflect normal economic factors like population growth, e-commerce expansion, and inflation, the report indicates Americans are struggling more than usual to manage their obligations, especially in auto loans and credit card debt.

Elon Musk is set to examine America’s gold reserves at Fort Knox through his Department of Government Efficiency (DOGE), responding to concerns about lack of regular audits. The initiative was sparked by Senator Rand Paul, who has spent a decade attempting to verify the reserves himself. The United States holds the world’s largest gold reserve, exceeding 8,100 tonnes as of late 2024, with significant portions stored at Fort Knox and the Federal Reserve Bank of New York. Paul emphasizes that this audit isn’t just about verification – it’s about recognizing gold’s continuing role in providing implicit value to the U.S....

Goldman Sachs has raised its gold price forecast to $3,100 per ounce by the end of 2025, up from its previous $2,890 target. The revision is primarily driven by increased central bank demand, particularly from China, with monthly purchases expected to reach 50 tonnes. Goldman strategists maintain their ‘Go for Gold’ stance, noting that prices could surge even higher to $3,300 if policy uncertainty continues, while increased central bank buying of 70 tonnes per month could push prices to $3,200.

Bank of America sees potential for gold to surge above $3,500, driven by increasing demand from central banks, particularly in developing nations. BofA strategist Michael Widmer notes that a combined 10% increase in purchases from retail investors, institutional funds, and central banks could push gold to this new height. Gold has already performed well, surging 28% in 2024 and adding another 10% in early 2025. Widmer suggests that if retail investors and institutional funds join the central banks in increasing their gold purchases by a combined 10%, the $3,500 target could become reality, particularly as potential Trump tariffs may drive...

Singapore’s gold exports to the United States surged to 11 tons in January 2025, marking a 27% increase from December and the highest level since March 2022. This significant shift in traditional trading patterns, which typically see Singapore’s gold flowing to Asian markets, comes as the global gold market faces substantial disruption. The catalyst for this change has been mounting concerns over potential tariffs from the Trump administration, creating an unusually wide premium for New York gold futures over London benchmarks. This price disparity, which peaked at over $50 per ounce in January before settling to around $13, has drawn...

Morgan Stanley warns that a potential Trump-brokered peace deal between Russia and Ukraine could be the biggest threat to gold’s bull run, potentially sending prices down 17% to $2,400 per ounce. The bank attributes gold’s 50% surge since 2022 primarily to increased central bank buying, which doubled to over 1,000 tonnes annually following Russia’s invasion. While their base case maintains gold at $2,850, the bank cautions that a peace deal could significantly reduce central banks’ appetite for the precious metal.