The U.S. dollar strengthened notably on Tuesday after President Trump, speaking aboard Air Force One, signaled support for imposing broad tariffs. His comments suggested a tariff rate considerably higher than the modest, phased approach previously discussed by Treasury Secretary Scott Bessent. Bessent had reportedly proposed starting tariffs at 2.5% and raising them gradually over time. … Read more

In 1933 the U.S. government ordered citizens to hand over most private gold within six weeks. The price was fixed at $20.67 per troy ounce. Refusal carried civil and criminal penalties: fines of up to $10,000 (roughly $240,000 in today’s dollars) and up to ten years in prison. Most Americans complied. The government then revalued … Read more

Daily News Nuggets | Today’s top stories for gold and silver investorsJanuary 23rd, 2026 Precious Metals Close in on Historic Milestones Precious metals are approaching two major psychological benchmarks. The gold price is moving toward $5,000 per ounce, while silver is pushing toward $100 per ounce. The rally has been dramatic. Over the past three … Read more

Since President Nixon ended the dollar’s convertibility into gold in 1971, the U.S. dollar has lost roughly 87% of its purchasing power, based on Bureau of Labor Statistics CPI data. In practical terms, what $1 bought in 1971 now requires nearly $8 to buy today. This decline did not happen overnight. It reflects a steady … Read more

Daily News Nuggets | Today’s top stories for gold and silver investors September 23rd, 2025 Metals Update: Gold Nears $3,800, Silver Nears $45 Gold climbed to as high as $3,791.10 an ounce on Tuesday — marking the third consecutive trading day at or near record levels — and is up more than 42% year-to-date in … Read more

Gold prices surpassed the $3,000-per-ounce mark for the first time, climbing to $3,004.86 on Friday. This milestone represents the thirteenth record high set in 2025. The metal has risen roughly 14% so far this year, building on a 27% advance in 2024. Analysts point to several factors behind the sustained rally. Geopolitical tensions and heightened … Read more

Senate Republicans have begun drafting President Trump’s economic proposal, often called his “big, beautiful bill.” The package would deliver roughly $4.5 trillion in tax reductions paired with about $2 trillion in spending adjustments. The Senate voted 52-48 to move forward with writing their version; every Democrat opposed the motion, and Republican Senator Rand Paul also … Read more

Federal Reserve Governor Michelle Bowman and Kansas City Fed President Jeff Schmid have signaled caution about the idea that the central bank is on an extended path of rate cuts. After 100 basis points of easing since September, both officials suggested the federal funds rate may be nearing a neutral level, contrasting with other policymakers … Read more

Silver prices climbed to a one-week high, rising as much as 1.9% and extending gains for a third straight day. The rally was supported by a softer U.S. dollar, which fell to a three-month low after Germany announced plans to increase public spending and ease borrowing limits. A weaker dollar typically makes dollar-priced commodities such … Read more

Over the past year, gold has gained about 36% while silver has climbed roughly 27%, meaning silver has underperformed at a time when many expected it to outpace gold. Ross Norman of MetalsDaily argues that blaming this gap on “manipulation” misses how markets actually work. Banks and major market participants often neutralize their exposure by … Read more