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Dive into this insightful conversation with Mike Maloney and Alan Hibbard as they explore how the latest U.S. election might impact gold, silver
In this eye-opening discussion, Mike Maloney and Alan Hibbard dive deep into how the monetary system—not which party is in power—shapes our economic
READ MOREA new study suggests the IMF should sell 4% of its gold reserves to provide $9.52 billion in debt relief for 86 low-income countries affected by climate disasters. This would expand the IMF's Catastrophe Containment Relief Trust, which currently has limited funding and eligibility. The proposal aims to address the growing burden of IMF loan repayments on vulnerable economies.
READ MOREWall Street remained cautious on Thursday, with major indices showing slight declines. Investors focused on Federal Reserve Chair Jerome Powell's upcoming speech and the potential economic impact of Republican control in DC, while recent inflation data continued to fuel hopes for a December rate cut.
READ MOREChina has prepared robust countermeasures to retaliate against US companies if Donald Trump reignites a trade war upon his return to the presidency. Unlike in 2016, Beijing now has new laws and tools at its disposal, including the ability to blacklist foreign companies, impose sanctions, and restrict access to crucial supply chains. While China's economic vulnerabilities persist, it is better equipped to defend its interests in a potential trade conflict.
READ MOREChina's recent issuance of $2 billion in US dollar bonds in Saudi Arabia highlights the enduring appeal of the dollar in international finance, despite calls for de-dollarization. The move strengthens China-Saudi ties and provides benchmarks for Chinese companies, while also demonstrating the dollar's continued dominance in global markets.
READ MOREUBS remains bullish on gold, advising investors to buy on dips around $2,600/oz with a $2,900/oz target over the next 12 months. The bank emphasizes gold's enduring value as a hedge against economic uncertainties and recommends a 5% allocation in balanced portfolios, citing factors such as central bank demand, potential US fiscal deficits, and ongoing geopolitical tensions as supportive of gold prices.
READ MOREGold prices are responding to a perfect storm of economic and political factors. The Fed's recent rate cut to 4.5%-4.75%, Trump's election victory, and China's economic stimulus measures are all influencing the precious metal's value. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss the latest news and events and how they impact the gold markets.
READ MOREBond market experts are adjusting their forecasts following Trump's presidential win, with concerns about inflation driving expectations for higher long-term Treasury yields. The 10-year Treasury yield has jumped since the election, as Trump's proposed policies could substantially increase U.S. debt. This development, alongside robust economic indicators, has led to a reassessment of the Federal Reserve's rate cut plans and market predictions for future monetary policy.
READ MOREFederal Reserve Chair Jerome Powell maintains that long-term inflation expectations are "well anchored," but recent data and expert opinions suggest otherwise. Consumer expectations for inflation over the next 5-10 years have risen, and economists predict that President-elect Trump's policies may further boost inflation. Companies are already warning of price increases, and many Americans continue to feel the strain of high prices.
READ MOREGold prices have stabilized around $2,600 after finding support at a major trendline, halting a short-term downtrend. The recent US CPI data, which aligned with expectations, had minimal impact on gold prices. The precious metal's November sell-off was influenced by expectations of elevated US interest rates and significant outflows from Gold ETFs.
READ MOREThe Federal Reserve may implement fewer interest rate cuts in 2025 than previously anticipated due to President-elect Donald Trump's proposed tariff policies. Former Fed policymaker Loretta Mester believes the market is correct in adjusting its expectations, as Trump's fiscal plans could impact the pace of rate cuts and potentially lead to higher inflation.
READ MOREIn the wake of Donald Trump's election win, U.S. Treasury yields experienced a significant uptick, reflecting market concerns about future inflation and interest rate trajectories. The 10-year and 2-year Treasury yields both rose by over 8 basis points, reaching 4.39% and 4.334% respectively. Investors are now closely monitoring upcoming economic data and Federal Reserve statements to gauge the potential long-term effects of Trump's proposed policies on the economy.
READ MORERussia's gold reserves have hit a historic milestone, surpassing $200 billion for the first time. In October, the country's gold holdings reached $207.7 billion, representing 32.9% of its total international reserves. This marks the highest proportion of gold in Russia's reserves since November 1999.
READ MOREGold prices have fallen to a seven-week low as the US dollar strengthens following Donald Trump's election victory. The precious metal has declined about 5.5% since the election, driven by a combination of factors including hedge fund position adjustments, shifting ETF flows, and technical selling. Despite this recent drop, gold remains up over 25% for the year, supported by Federal Reserve policies and geopolitical uncertainties.
READ MOREThe world's largest gold-backed ETF, SPDR Gold Shares (GLD), experienced its biggest weekly outflow in over two years following Donald Trump's election victory. Investors, who had previously sought safety in gold due to election uncertainty, sold their positions to book profits after the definitive outcome. The outflow exceeded $1 billion, while spot gold prices fell 1.9% and total gold ETF holdings declined for the second consecutive week.
READ MOREThe Bank of Japan (BOJ) is exercising caution regarding potential interest rate hikes, as revealed in the summary of opinions from its October policy meeting. Board members emphasized the need for careful consideration, citing market instability and the uncertain trajectory of the U.S. economy post-election. While economists anticipate a rate move by January, the BOJ's lack of clear signals for December or January leaves observers speculating about the timing of the next policy adjustment.
READ MOREPersistent consumer anger over high prices is affecting governments in advanced economies, even as inflation rates return to normal levels. This lingering discontent stems from a significant surge in costs during the pandemic and post-pandemic period, which has left a lasting impact on consumer sentiment and voting behavior. The article highlights how this economic dissatisfaction has contributed to electoral defeats for incumbent parties in various countries, including the United States, and is expected to influence upcoming elections in other nations.
READ MOREFed cuts rates to 4.5%-4.75% as Powell prepares for potential clash with returning president over monetary policy.
READ MOREOn the day of Donald Trump's decisive victory in the presidential election, US equity funds experienced a massive influx of $20 billion, marking the largest single-day investment in five months. This surge in investment, particularly in small-cap stocks, coincided with US stocks reaching record highs and the S&P 500 Index heading for its biggest weekly advance in a year. While Trump's proposed corporate tax cuts are expected to boost earnings, concerns remain about potential inflationary effects of his tariffs and immigration policies.
READ MOREDonald Trump's victory in the 2024 U.S. presidential election has caused significant volatility in the bond market. Initially, Treasury yields surged on expectations of higher economic growth and inflation under a Trump administration. However, as the week progressed, yields retreated as investors reassessed the potential timing and impact of Trump's proposed policies. The bond market's reaction highlights the uncertainty surrounding the new administration's economic agenda and its potential effects on inflation and interest rates
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