Gold and Silver Industry & Investing News

Gold has reached a record high of $3,390 per ounce, driven by a weakening US dollar and increasing market uncertainty. President Trump’s criticism of the Federal Reserve and reports he considered firing Chair Powell have raised concerns about central bank independence, potentially undermining dollar confidence. Trade tensions between the US and China continue to unsettle markets, with China warning other nations against deals that might harm its interests. These factors, along with expectations of a global economic slowdown, have pushed investors toward safer assets. Institutional demand remains strong, with bullion-backed ETF holdings rising for 12 straight weeks and central banks...

“The Golden Rule Of Negotiating And Success: He Who has the gold makes the rules. Thank you!” wrote President Trump on his Truth Social platform on April 20th, sparking renewed interest in the precious metal. Gold continued its bullish momentum on Monday, climbing more than 2% to trade above $3,400 per ounce—a historic record high if maintained at closing. This surge was fueled by investors seeking safe-haven assets amid growing global trade concerns and a weakening US dollar. Market analysts are closely watching three key factors affecting gold’s short-term outlook: ongoing tariff negotiations between the US and China, potential changes...

Gold hit a record high of $3,400 per ounce on Monday, rising 2% amid dollar weakness and global economic concerns. The precious metal has gained over $700 since the start of 2025, driven by U.S.-China trade tensions, Trump’s criticism of Fed Chair Powell, and growing questions about the dollar’s reserve currency status. A growing number of analysts project gold could reach $3,500 in the coming months.

According to Goldman Sachs, gold prices have reached record levels due to consistent overnight buying from Asian markets over eight straight days. Trading volumes during these sessions have been notably higher than average. Despite the substantial price increases, Goldman notes that market positioning has not yet become overextended, suggesting room for further growth. The investment bank has established a bullish year-end target of $3,700 per ounce for gold. Additionally, they’ve identified a “tail-risk scenario” where prices could surge dramatically to $4,500 per ounce if the Federal Reserve implements unexpected changes to its monetary policy.

Recent Federal Reserve surveys reveal US manufacturers’ growing concerns about Trump’s tariff plans. The Philadelphia Fed’s April manufacturing index plunged to -26, its lowest since April 2023, while the prices paid index hit a 21-month high. Similarly, the New York Fed’s survey showed deteriorating business expectations, with its future business climate index reaching its lowest point since 2009. These worrying indicators emerge as Trump’s “Liberation Day” tariffs push effective US tariff rates to their highest level in a century, with economists warning of increased inflation and slower economic growth.

Physical gold demand in India has virtually disappeared as prices have rallied to unprecedented levels, forcing dealers to offer steep discounts of up to $74 per ounce over official domestic prices. Indian domestic gold prices reached a record high of 95,894 rupees per 10 grams, a level that even market bulls didn’t anticipate a few months ago. Banks had increased their gold imports in March at significantly lower prices and are now offering these supplies at substantial discounts. Although gold was imported ahead of the Akshay Tritiya festival, the dramatic price spike is expected to dampen festival demand considerably. In...

Federal Reserve officials continue resisting pressure to lower interest rates, despite President Trump’s demands and his call for Fed Chair Powell’s “termination.” New York Fed President John Williams stated clearly that he sees no need to adjust rates soon. Trump, who appointed Powell in 2017 but quickly began criticizing him, has economic advisers who say Powell will complete his term ending May 2026. However, Trump’s unpredictable approach has Wall Street concerned, especially with a Supreme Court case that could potentially allow presidents to fire independent agency commissioners. Fed officials remain focused on inflation concerns. Williams acknowledged a likely inflation burst...

The European Central Bank has reduced interest rates for the seventh consecutive time since last June, cutting the deposit rate by a quarter-point to 2.25% as anticipated by most analysts. The ECB has notably removed the word “restrictive” from its policy stance description, suggesting rates are now considered neutral rather than constraining economic activity. This rate cut comes directly in response to President Trump’s recent announcement of sweeping tariffs, which has shifted the ECB’s focus back toward continued monetary easing. President Christine Lagarde warned that these trade tensions pose significant downside risks to economic growth, potentially dampening exports and negatively...

The U.S. Treasury bond market is exhibiting alarming behavior that suggests economic trouble ahead, even as stock investors remain seemingly oblivious. On April 7, Larry Fink, CEO of BlackRock, warned that most CEOs believe we’re already in a recession. Oddly, this statement didn’t drive investors to the usual safe haven of Treasury bonds. Instead, the 10-year Treasury yield experienced a dramatic intraday swing—a rare event previously seen only during major financial disruptions like the 2008 crisis. Bond investors are increasingly distrustful of U.S. economic policy, fearing rising tariffs and returning inflation. This has fueled a flight to gold, which surged...

President Trump escalated his criticism of Federal Reserve Chair Jerome Powell on Thursday, calling for his termination via Truth Social. Trump demanded immediate interest rate cuts, claiming Powell is “always TOO LATE AND WRONG” and should have followed the European Central Bank’s example of monetary easing. This comes after Powell warned that Trump’s new tariffs (the steepest in over 100 years) would likely cause “higher inflation and slower growth,” creating tension between the Fed’s dual mandate of price stability and maximum employment. Powell noted these tariffs, some paused for 90 days, have already disrupted markets and created economic uncertainty. Powell,...