While gold bullion has risen 16.6% year-to-date, major gold miners have outperformed the metal itself. Barrick Gold shares have climbed about 21%, Newmont has jumped roughly 29%, and Agnico Eagle Mines has posted the strongest gains at approximately 35% since the start of the year. The SPDR Gold Shares ETF (physically backed by gold) surged … Read more

Goldman Sachs has lowered its 12-month probability of a U.S. recession to 30% from a previous estimate of 35%. The bank cites a reduction in policy uncertainty tied to President Trump’s tariff decisions as a primary reason for the change, noting that clearer trade expectations have eased investor anxiety. The revision follows a new trade … Read more

President Trump’s reciprocal tariff plan has formally taken effect. Beginning at 12:01 a.m. ET, U.S. Customs and Border Protection started collecting country-specific tariffs from 86 U.S. trading partners. The program includes a steep 104% tariff on goods from China, a move that significantly raises tensions between the two largest global economies. China has vowed to … Read more

Newmont, the world’s largest gold producer, reported strong second-quarter results, powered by higher gold prices that pushed both revenue and earnings past analyst expectations. The company’s stock has risen about 65% year-to-date in 2025, reflecting investor confidence in Newmont’s cash generation and growth prospects. Management announced an expanded $6 billion share repurchase program to return … Read more

Federal Reserve Chair Jerome Powell acknowledged in May 2023 that calling pandemic-era inflation “transitory” was a mistake. In 2021, Powell repeatedly described rising prices as temporary, attributing them largely to supply-chain disruptions and pandemic-related shortages. That assessment proved incorrect: inflation surged to a 40-year high in 2022, prompting the Fed to raise interest rates quickly … Read more

U.S. jobless claims edged down to 224,000 last week, a touch below economists’ forecasts. The modest decline reflects a labor market that remains relatively stable: hiring has slowed compared with last year, but layoffs are still low overall. Policy moves and plans to shrink the federal workforce have added uncertainty to the economic outlook. Announcements … Read more

Global markets are facing pronounced volatility as the trade dispute between the United States and China escalates. The US dollar has recorded its worst four-day slide in more than two years, falling 1.2% to reach a six-month low. In retaliation for recent US measures, China has sharply raised tariffs on American goods — increasing them … Read more

Gold edged lower this week as U.S. 10-year Treasury yields jumped following President Trump’s announcement of aggressive new tariffs aimed at major Asian trade partners. The tariff announcement, intended to pressure trading partners into renegotiating agreements, raised concerns about slower global growth and the risk of retaliatory measures from China. Higher Treasury yields generally make … Read more

HSBC identifies three primary paths through which gold could gain strength amid what it describes as a “US-driven” market correction. Each scenario reflects a different mix of economic weakness, inflationary pressure and fiscal uncertainty in the United States, and each would likely push investors toward gold for protection. 1. U.S. recession: safe-haven demand and lower … Read more

China is considering temporary exemptions to its 125% tariff on certain U.S. imports to ease pressure on vulnerable domestic industries. Proposed exemptions would cover items such as medical equipment, selected industrial chemicals (including ethane) and aircraft leases for Chinese carriers. These carve-outs are intended to protect sectors that rely on specific foreign inputs or services … Read more