Gold and Silver Industry & Investing News

Gold prices have stabilized around $3,180 per ounce after recently falling to a one-month low. The market is waiting for signals from Federal Reserve Chair Powell’s upcoming speech and new economic data. Despite recent losses due to expectations of fewer Fed rate cuts, gold remains up over 20% this year, supported by ETF demand, central bank purchases, and Chinese buying. Analysts suggest gold could find support between $3,050-$3,150, but risks falling to $2,950 if this support breaks.

Gold prices recovered from early losses on Thursday, holding steady at $3,179.07 per ounce as the U.S. dollar weakened. Analysts attribute this recovery to short-covering and technical support near the $3,130 level, a key trendline since early 2024. The recent U.S.-China agreement to reduce tariffs has somewhat decreased gold’s appeal as a safe haven. Investors are now focused on upcoming U.S. producer price data and Federal Reserve Chair Powell’s speech for clues about potential interest rate cuts. Markets currently anticipate 50 basis points in rate reductions this year, likely beginning in October. In other metals news, Johnson Matthey reports that...

China’s gold market surged in April 2025, marking its fifth straight month of price gains. Chinese gold ETFs had their strongest month ever, adding 65 tonnes (US$6.8bn). The Shanghai Benchmark Gold Price rose 6.9%, while the LBMA Gold Price increased 6%. Wholesale demand jumped with 153 tonnes withdrawn from the Shanghai Gold Exchange—27% more than March. The People’s Bank of China added another 2.2 tonnes to its reserves, now at 2,295 tonnes. Despite strong investment activity, Q1 gold imports were weak due to lower premiums and reduced jewelry demand. While short-term investment may slow due to profit-taking, the long-term outlook...

The Federal Reserve is likely to maintain a “wait and see” approach to interest rates after April’s Consumer Price Index (CPI) revealed sticky inflation despite some cooling signs. Core inflation (excluding food and energy) remained at 2.8% year-over-year for the second consecutive month, substantially above the Fed’s 2% target. Monthly core inflation rose 0.2%, higher than March’s 0.1% but below expectations. Experts from Morgan Stanley and Bank of America believe President Trump’s tariffs haven’t yet fully materialized in inflation data, with impacts expected to appear in May or June figures. Investors continue to predict the Fed will hold rates steady...

A landmark discovery in Argentina’s Andes mountains has unearthed the largest copper, gold, and silver deposit in 30 years. The joint venture “Vicuña,” formed by Lundin Mining and BHP, has identified over 80 million ounces of gold and silver alongside 12+ million tons of copper. This find is expected to boost Argentina’s economy through job creation and infrastructure development. Communities in San Juan province anticipate that resulting revenues will fund essential services in historically neglected areas. The discovery could transform Argentina from an agricultural nation into a significant copper exporter within a decade. This matters globally, as copper is vital...

UBS reports that wealthy clients are moving away from US dollar-based investments and toward alternative assets like gold and cryptocurrency. Amy Lo, co-head of UBS Group’s Asian Wealth Management, noted that gold has become particularly popular due to economic volatility caused by Trump’s trade tariffs. Investors are also increasingly considering Chinese yuan-backed assets. Recent data shows the yuan outperforming the dollar in May 2025, while Bitcoin has crossed $105,000 and gold reached an all-time high of $3,390 in April.

Federal Reserve Vice Chair Philip Jefferson acknowledged recent progress on inflation but cautioned that new tariffs could reverse that trend. While April’s CPI data came in softer than expected, Jefferson noted that sustained import taxes may temporarily push inflation higher — and possibly slow the economy. He emphasized the need for a steady hand on interest rates, calling current levels “well positioned” to respond to emerging risks. Business and consumer sentiment have dipped, and the Fed is now closely monitoring for signs of economic slowdown.

Indian jewelry retailer Kalyan Jewellers expects robust growth exceeding 25% this year as it accelerates its expansion with 160 new locations planned. The company is benefiting from changing consumer behavior, with customers preferring established chains over independent jewelers, shopping more frequently, and spending more on gifts. While high gold prices haven’t deterred wealthy buyers, middle-class consumers are shifting to lighter, lower-carat options. The retailer’s aggressive growth strategy aims to match market leader Titan’s “Tanishq” store count in three years.