Gold and Silver Industry & Investing News

The dollar showed signs of recovery Wednesday after President Trump stated he has “no intention” of firing Federal Reserve Chair Jerome Powell, addressing fears about the Fed’s independence. Additionally, both Trump and Treasury Secretary Bessent hinted at potential easing of US-China trade tensions, with Trump suggesting tariffs could be substantially reduced in a future deal. The dollar rose against major currencies including the euro, yen, and Swiss franc, though analysts remain cautious, noting that market trust in Trump remains low due to policy inconsistency. Meanwhile, weak eurozone economic data may further support the dollar’s position against the euro.

Gold experienced its second day of decline, falling up to 2.6% from its recent record high of over $3,500 per ounce. The selloff began Tuesday as investors collected profits from the steep rally and accelerated when President Trump eased market concerns on two fronts: backing away from threats to remove Fed Chair Jerome Powell and making conciliatory comments about China trade relations, stating that tariffs “will come down substantially but won’t be zero.” Despite the current pullback, gold has gained more than 25% this year due to several factors: ongoing trade tensions with China, expectations of global economic slowdown, and...

Gold prices dropped 2.2% to $3,305.79 on Wednesday, backing away from the record high of $3,500.05 reached the previous day. This decline coincided with a shift in market sentiment after two key statements from President Trump: reassurance that he wouldn’t fire Fed Chair Powell despite recent criticism, and optimism about progress with China that could substantially lower tariffs. According to market analyst Phillip Streible, investors are rotating out of safe haven assets like gold and back into specific stocks. Despite this correction, which found support at $3,292, gold remains in a strong uptrend, having gained more than 26% since early...

BNY data shows foreign investors are rapidly selling U.S. Treasury bonds in April 2025 amid President Trump’s escalating tariff disputes. John Velis, BNY’s Americas macro strategist, warns that Treasurys’ “haven status is increasingly in question,” with the week ending April 11 experiencing one of the largest selloffs in years. While the White House defends tariffs as tools to combat fentanyl trafficking, control immigration, and boost domestic manufacturing, the U.S. relies heavily on foreign buyers to finance its deficit. Foreign ownership of Treasury debt has fallen from 50% in 2008 to around 30% today. The selloff accelerated after Trump’s April 2...

President Trump moderated his stance on tariffs and the Federal Reserve after facing pressure from major retailers and witnessing market declines. CEOs from Walmart, Target, and Home Depot warned him that continued tariff policies could lead to empty shelves and price increases within two weeks. Following these warnings and a market slump, Trump softened his rhetoric, signaling potential trade talks with China that could reduce tariffs from 145%, and backing away from threats to fire Fed Chair Powell. While White House officials describe this as strategic negotiation rather than weakness, Trump faces declining economic approval ratings amid concerns about inflation,...

According to Bank of America’s analysis of recent earnings calls, corporate executives are expressing unprecedented pessimism about economic conditions during recent earnings calls, reaching levels not seen since the 2009 financial crisis. Many companies are reducing their 2025 guidance due to uncertainty surrounding Donald Trump’s trade policies and tariffs. With the S&P 500 down nearly 15% from February’s high, this earnings season carries significant importance. Companies are struggling to quantify the impact of rapidly shifting trade policies, with 27% of S&P 500 firms cutting guidance while only 9% have raised their outlook. Automakers have been hit hardest, while consumer staples...

President Trump has announced a significant reduction in tariffs on Chinese goods, marking a retreat from his previous hardline position amid concerns about the escalating trade war. “Tariffs will come down substantially,” Trump stated, expressing optimism about reaching a trade agreement with China. This shift from his earlier aggressive stance, which had prompted substantial Chinese retaliation, has helped calm financial markets and sparked hopes for de-escalation in one of the most severe recent trade confrontations.

Western investors are making a strong comeback to the gold market after a three-year break, purchasing about 240 tons of gold-backed ETFs by mid-April. That’s a significant shift from the 441 tons they sold in the past three years. This surge in demand is boosting prices, with gold recently breaking above $3,500 per ounce. Major ETF inflows, especially into SPDR Gold Shares, are driven by institutional investors looking to hedge against market risks. Analysts believe this buying trend could push gold prices as high as $5,000 in the long run.