Goldman Sachs and BNP Paribas have revised their outlooks following the European Central Bank’s decision to keep the deposit rate unchanged at 2%. Both banks now expect no further ECB rate cuts during 2025, signaling a shift from earlier expectations that the easing cycle would continue. BNP Paribas takes an even more conservative stance, forecasting … Read more

The US dollar held onto recent gains on Tuesday after the United States and China announced a pause in tariffs. The announcement sparked a relief rally across stock and currency markets on Monday, pushing the dollar to a one-month high against several major currencies. China’s yuan climbed to a six-month high, which in turn supported … Read more

Gold and silver investors in New Jersey just received a significant benefit: the state no longer charges sales tax on purchases of precious metals. Under bipartisan legislation that took effect on January 1, New Jersey eliminated sales tax on gold, silver, and other qualifying precious metals. The change makes New Jersey one of the more … Read more

Global physically-backed gold ETFs continued their strong run in April, drawing an additional $11 billion and extending their inflow streak to a fifth consecutive month. Assets under management climbed to a record $379 billion as total holdings rose by 115 tonnes to reach 3,561 tonnes. The growth was driven primarily by Asian markets, which accounted … Read more

The US dollar is trading near a five-month low against major currencies as investors weigh the potential economic effects of President Trump’s trade policies alongside a string of softer-than-expected US data. At the same time, the euro is climbing toward a five-month high of $1.0947 after Germany reached agreement on a sizable fiscal package that … Read more

Oil prices climbed Tuesday, extending a three-day winning streak as tensions in the Middle East escalated following U.S. strikes against Iran-backed Houthi militants in Yemen. West Texas Intermediate (WTI) crude advanced 1.5% to $68.60 per barrel, while Brent crude rose 1.4% to $72.07 per barrel. Traders and analysts are also monitoring a planned call between … Read more

The Federal Reserve’s minutes from the December meeting reveal a nuanced policy environment: officials are increasingly attentive to upside inflation risks even as they remain inclined toward easing. The Fed decided to reduce its policy rate for the third consecutive time, bringing the target range to 4.25%–4.50%, but members discussed several factors that could alter … Read more

On Thursday, Azoria Capital, led by James Fishback, a known ally of former President Donald Trump, filed a lawsuit in Washington, D.C., challenging the Federal Open Market Committee’s practice of holding portions of its meetings in private. The suit asserts that these closed sessions violate a 1976 statute that requires public access to certain meetings … Read more

Every AI query you run — from image generation to large-scale reasoning and code generation — depends on physical infrastructure: servers, processors, cooling systems, and power distribution. Woven through much of that hardware is a metal most people associate with coins or investments: silver. Silver. The AI buildout is one of the most materials-intensive infrastructure … Read more

In a Fox News interview with Sean Hannity, President Trump acknowledged that “inflation is back,” a reversal from his earlier campaign pledge of immediate price relief, while attributing much of the problem to the policies of his predecessor. January’s inflation report indicated the sharpest monthly increase since August 2023 and showed prices up 3% year-over-year … Read more