Gold and Silver Industry & Investing News

President Donald Trump announced on Sunday via Truth Social the specific cryptocurrencies to be included in a new U.S. strategic reserve of digital assets, following his January executive order. The plan will include Bitcoin, Ethereum, XRP, Solana, and Cardano, with Trump later emphasizing that “BTC and ETH… will be at the heart of the Reserve.” This news triggered an immediate market surge, with Bitcoin jumping more than 11% to $94,164 and Ethereum rising about 13% to $2,516. The total cryptocurrency market gained over $300 billion within hours of the announcement. Industry experts view this as a significant policy shift. Federico...

While gold has taken center stage with returns of 27.5% in 2024, silver presents a compelling investment opportunity that’s often overlooked. Currently trading around $32 per ounce (33% below its 2011 peak), silver shows significant growth potential with the gold-silver ratio at 91.6—well above the 80 threshold that typically signals silver is undervalued. Industrial demand for silver rose to 1.21 billion ounces in 2024 (up 7%), driven by green energy applications, electric vehicles, and AI technology. Despite potential policy shifts under Trump’s administration, global clean energy investments remain strong in regions like China and Europe, suggesting continued demand for this...

President Trump plans to implement a 25% tariff on imports from Canada and Mexico next week, with a reduced 10% tariff on Canadian energy. Despite being the world’s largest oil producer, the U.S. still imports more crude than it exports, with Canada supplying 60% of imports and Mexico 10%. American refineries process about 16.5 million barrels daily but domestic production only reaches 13 million barrels. Most U.S. refineries were built before 1977 and are designed for heavier crude grades from these neighboring countries rather than the lighter domestic shale oil.

Despite retreating from its recent record high of $2,947, gold appears set for additional gains. State Street’s chief gold strategist George Milling-Stanley forecasts prices between $2,900-$3,100 later this year. Three fundamental drivers support gold’s continued strength: First, central bank purchases have become a consistent feature of the gold market over the past 15 years. These acquisitions account for 10-25% of total end-user demand annually and provide crucial price support during downturns. According to Milling-Stanley, this buying “basically doubled in 2022 to more than 1,000 metric tons.” Second, emerging market investment, particularly in China and India, has surged over the past...

India’s gold market is showing early signs of revival as prices pulled back from last week’s record high of 86,592 rupees per 10 grams to around 84,750 rupees on Friday. Though some buyers are returning, many remain cautious according to local jewelers. Dealers have narrowed their discounts to $12-$27 per ounce (down from $35 last week), reflecting increasingly tight supplies. A Mumbai dealer reports “hardly any imports by banks this month,” with February’s gold imports projected to plummet 85% year-over-year to their lowest level in 20 years. Elsewhere in Asia, conditions vary. China’s market remains sluggish with gold trading at...

Hong Kong’s jewelry industry experienced mixed results in 2024. Known worldwide for its craftsmanship and adaptability, the sector faced varying outcomes across different segments. Fine jewelry, which dominates the industry with 91.6% of exports, declined 8% to HK$80.5 billion after growing 23% in 2023. This downturn included a 7% drop in re-exports and an 11% fall in domestic exports, mainly due to economic slowdowns in mainland China that caused sales to mainland and Macao to decrease by 27% and 28% respectively. On the positive side, imitation jewelry exports grew by 7% to HK$7.4 billion in 2024. However, exports of pearls,...

Gold remains on track for further gains despite pulling back from February’s peak of $2,954. Many analysts still believe the precious metal can reach $3,000 per ounce. Financial analyst Jesse Colombo, who predicted the last financial crisis, sees the recent dip as temporary. He attributes it mainly to “the sharp rally in the U.S. dollar rather than any intrinsic weakness in gold itself,” pointing out that gold has performed much better when priced in euros. The key factors that drove gold’s strong February performance remain in place. The Trump administration’s plans to impose tariffs on China, Mexico, Canada, and the...

The pound showed mixed performance on Monday—falling against the euro while rising against the US dollar. This movement followed European leaders’ announcement of plans to draft a Ukraine peace plan for the United States. The euro gained 0.10% to reach 82.53 pence, with analysts expecting it to benefit most from any Ukraine peace deal. Germany’s consideration of increased fiscal spending further supported the euro’s position. Meanwhile, Prime Minister Keir Starmer announced a £1.6 billion ($2 billion) deal for Ukraine to purchase 5,000 air-defense missiles using export finance. Despite the pound rising 0.3% against the dollar to $1.2614 and recording its...

Billionaire investor Ray Dalio is warning of a US debt crisis that could strike within “three years, give or take a year.” The Bridgewater Associates founder likens the situation to an approaching heart attack without a precise date. During an Odd Lots podcast interview promoting his book “How Countries Go Broke,” Dalio urged the Trump administration to immediately cut the deficit to 3% of GDP while somehow maintaining their desired tax breaks. Dalio’s alarm stems from analyzing historical debt patterns and today’s market, where he sees a dangerous mismatch between debt issuance and potential buyers. He points to an unprecedented...

Gold prices climbed back above $2,870 on Monday after last week’s pullback, helped by a falling dollar and rising concerns about Trump’s upcoming tariffs. The president plans to hit Canada and Mexico with 25% tariffs this week and double existing charges on Chinese imports. These moves are raising fears of “stagflation” – a dangerous mix of slowing economic growth and persistent inflation that typically drives investors toward gold as a safe haven. Recent economic reports suggest the US economy may be heading in this direction, creating a perfect environment for precious metals. Meanwhile, growing expectations for Federal Reserve rate cuts...