Gold and Silver Industry & Investing News

US Treasury bonds, traditionally seen as safe-haven assets, are showing concerning behavior as they trade more like risky assets under President Trump’s trade policies. Longer-term Treasury yields have surged while the dollar has declined, and Treasury bonds have often moved in the same direction as stocks and other risky investments—rising and falling together. This challenges their “risk-free” status, with implications for the global financial system that uses Treasuries as benchmarks and collateral. The pattern suggests investor confidence in US bonds is weakening amid America’s growing debt and confrontational policies toward major creditors.

Gold prices reached an unprecedented high exceeding $3,200 an ounce, climbing as much as 1.9% to $3,237.89 on Friday and continuing a weekly increase of about 6%. This surge highlights gold’s status as a financial safe haven during economic uncertainty. The primary driver has been President Trump’s inconsistent tariff policies, which have triggered significant selloffs across US stocks, bonds, and the dollar markets as recession fears spread. Despite announcing a 90-day pause on tariff increases for most trading partners, duties on all Chinese imports remain at least 145%. China responded by raising tariffs on US goods to 125% while dismissing...

Goldman Sachs’ co-head of global commodities research, Daan Struyven, recommends gold as an attractive hedge against recession risks. Despite recent volatility, Struyven maintains a bullish outlook on gold, forecasting prices could reach $4,250 per ounce during a recession. He suggests that gold can help mitigate against potential recession drivers, including US policy risks related to trade, Federal Reserve pressure, and governance changes that might reduce global investor confidence in US assets.

Global markets are experiencing significant volatility as the trade war between the US and China intensifies. The US dollar has suffered its worst four-day decline in over two years, sinking 1.2% to a six-month low. In response to US actions, China has dramatically increased tariffs on American goods from 84% to 125% and warned it will “fight to the end” if provoked further, even calling the Trump administration’s actions a “joke.” Wall Street’s biggest banks have reported mixed earnings against this backdrop. JPMorgan Chase posted record equity trading revenue but warned about deteriorating economic conditions. BlackRock reported lower-than-expected net inflows,...

The recent pullback in Trump’s trade war isn’t as significant as markets initially believed. Despite a 90-day pause and reduction to 10% for most reciprocal tariffs, U.S. consumers still face the highest effective tariff rates since 1909. PIMCO economist Tiffany Wilding warns this represents an economic shock unseen since the 1920s-30s, estimating each percentage point increase in tariffs reduces U.S. growth by 0.1% while adding similar amounts to inflation. She predicts a likely U.S. recession with core inflation potentially reaching 4.5%. The situation with China has worsened particularly, with tariffs on Chinese goods now at 145% according to the White...

According to Treasury Department data released Thursday, the US budget deficit has grown to more than $1.3 trillion during the first six months of the 2025 fiscal year, spanning October through March. This marks the second highest six-month deficit in the four decades of record-keeping, surpassed only by the $1.7 trillion deficit recorded in early fiscal year 2021 during the COVID-19 pandemic. A Treasury official speaking on condition of anonymity explained several factors driving this increased gap between government spending and revenue. These include cost-of-living increases to Social Security payments, rising costs for Medicare and Medicaid programs, increased disaster assistance...

China has retaliated against President Trump’s recent trade actions by raising tariffs on US imports from 84% to 125%, effective Saturday. This escalation comes despite Trump implementing a 90-day pause on Liberation Day tariffs and the EU matching the US pause on retaliatory duties. The White House clarified that US tariffs on Chinese imports now stand at a minimum of 145%, higher than the 125% previously stated by Trump. The trade war has negatively impacted US stock markets and investor confidence. However, Beijing has indicated it won’t implement further tariff increases even if Washington continues its escalations. Trump administration officials,...

Gold prices experienced a significant rally on Friday, jumping 1.7% to $3,227.39 per ounce and briefly touching a record high of $3,237.56. This surge pushed bullion past the key psychological barrier of $3,200, bringing its weekly gains to over 6% and yearly gains to nearly 21%. The precious metal’s rise comes amid multiple economic concerns, including an intensifying trade war between the US and China. Beijing’s decision to increase tariffs on US imports to 125% in retaliation for President Trump’s 145% duties on Chinese goods has heightened fears of global supply chain disruptions and possible recession. A weakening US dollar,...

UBS has raised its gold price forecast, now predicting gold will reach $3,500 in 2025 with the rally continuing into 2026. Despite gold’s significant rally this year and bullish market sentiment, UBS tracking indicators suggest there’s still substantial potential for growth in gold investments. UBS anticipates demand coming from diverse market segments including central banks, asset managers, macro funds, and private investors. On the supply side, mine production growth is expected to be limited, and scrap supply will likely be constrained due to the bullish outlook, though economic distress could increase scrap supply somewhat. The bank warns that the combination...