Gold and Silver Industry & Investing News

Thursday’s inflation report is expected to show Consumer Price Index growth of 2.5% for March, down from February’s 2.8%, marking the lowest rate since September. This decline, driven by falling energy prices, suggests post-pandemic inflation continues to fade. However, economists warn this improvement may be temporary due to President Trump’s recent tariff announcements. The March implementation of tariffs on Chinese goods may already be affecting prices, with additional tariffs on cars, steel, aluminum, and various imports scheduled to begin in April. UBS forecasters predict inflation could reach 5% if the tariffs remain in full force, though many analysts expect negotiations...

In Istanbul’s 560-year-old Grand Bazaar, traders are witnessing panic as Turks rush to exchange their rapidly devaluing lira for dollars, gold, and other stable assets. The Turkish currency has lost more than 80% of its value over five years due to President Erdogan’s controversial economic policies, particularly pressuring the central bank to cut interest rates despite soaring inflation. Though Erdogan appointed new economic leadership after a close election, their cautious approach has failed to stabilize the currency. Gold traders report exhaustion from market volatility despite increased business, with industry estimates suggesting Turkish citizens privately hold $200-300 billion in gold. The...

The London Bullion Market Association (LBMA) just released their Precious Metals Market Report: Q1 2025. Here are some of their findings: – Gold and silver markets experienced significant growth in Q1 2025, with gold reaching unprecedented heights. Gold began the year at $2,644.60, still below its October 2024 record. After Donald Trump’s inauguration on January 20th, fears of new trade policies triggered a rush to build physical gold inventories in New York, with reports of 393 metric tonnes moving into Comex vaults – a 75% increase to levels not seen since 2022. – This demand pressure created a brief premium...

The Swiss National Bank just released a new report about how gold acts as a safe haven asset. Here are some of their findings: The Swiss National Bank’s new report reveals that gold plays a unique role in Switzerland’s economy. Switzerland is a global hub for gold, refining one-third of the world’s gold and ranking fourth in gold-backed exchange-traded funds (ETFs). This makes gold Switzerland’s most valuable traded product – accounting for 27% of all goods traded in 2024, even exceeding pharmaceuticals. When global uncertainty rises, more investors turn to gold as a “safe haven.” This increased demand creates predictable...

President Trump has temporarily halted the implementation of higher reciprocal tariffs on numerous trade partners for 90 days, instead imposing a reduced 10% tariff rate effective immediately. This decision represents a significant reversal that came approximately 13 hours after higher duties on 56 nations and the European Union had gone into effect—a move that had triggered market instability and raised recession concerns. The president faced substantial pressure from business leaders and investors to change course. While announcing the pause, Trump also escalated tensions with China by raising tariffs on Chinese imports from 104% to 125%, citing China’s unwillingness to negotiate....

Chinese investors funneled a record 7.6 billion yuan ($1 billion) into four major onshore gold ETFs last week, with strong inflows continuing this week. This investment surge followed steep tariffs announced by US President Trump, which erased trillions from global equities and heightened recession fears. China has vowed to “fight to the end” against Trump’s threatened 50% duties unless it withdraws its retaliatory measures against earlier US tariffs. Gold, traditionally bought as jewelry in China for cultural reasons, is increasingly being viewed as a safe haven during economic uncertainty. Most recent inflows have been driven by retail investors, according to...

Gold Rolex watches are seeing a surge in demand that coincides with record-high precious metal prices and a shift toward dressier timepiece styles. Three gold Rolex models have climbed dramatically in the Bloomberg Subdial Watch Index since 2022, with the yellow-gold Day-Date 228238 rising from 30th to 9th place. This trend emerges as gold has gained over 10% this year, exceeding $3,100 amid concerns over global trade wars and Trump’s tariff policies. The interest in gold watches represents a positive development for the luxury watch industry, which has been struggling since its pandemic-era boom, with Swiss watch exports dropping 3%...

Gold prices surged over 2% on Wednesday, reaching $3,061.92 an ounce for spot gold, as investors flocked to this traditional safe-haven asset amid escalating global trade tensions. The market reacted strongly to U.S. President Trump’s 104% tariffs on Chinese goods taking effect, which prompted China’s retaliatory 84% tariffs on U.S. goods (up from 34% previously announced). This trade war escalation has raised serious concerns about global recession risks. The weaker U.S. dollar (down 0.7%) has made gold more attractive for overseas buyers, while expectations of Federal Reserve rate cuts have further supported gold’s rise. Nearly 60% of traders anticipate Fed...

Delta Air Lines is facing unexpected challenges in 2025, prompting the carrier to cancel planned flight capacity expansion and withdraw its financial guidance for the year. CEO Ed Bastian specifically criticized President Trump’s tariffs as “the wrong approach,” noting their negative impact on bookings. Despite reporting first-quarter earnings of 46 cents per share (above the expected 38 cents) with revenue of $12.98 billion, Delta now forecasts second-quarter revenue between -2% and +2% compared to last year, below analysts’ expectations of 1.9% growth. The airline has observed a sharp decline in consumer and corporate confidence since mid-February, with main cabin bookings...