Apollo Global Management has warned that President Trump’s proposed tariffs could set off a chain reaction leading to a recession by the summer of 2025, and that Americans might begin to notice store shortages as early as May. Torsten Slok, Apollo’s chief economist, outlines a timeline in which April tariff announcements disrupt shipments from China. … Read more

After two years of gains exceeding 20% for the S&P 500, analysts expect a more moderate performance in 2025, forecasting an increase of roughly 7% to 14%. Strong corporate profits and steady economic growth are likely to provide support, but the market could face periods of volatility as investors react to possible Federal Reserve rate … Read more

The U.S. service sector — covering industries such as restaurants, hotels, and transportation — contracted in May for the first time in nearly a year. The Institute for Supply Management’s (ISM) services index fell to 49.9% from 51.6% in April. Readings below 50% signal contraction in the sector. Business leaders point to heightened uncertainty from … Read more

Inflation worries have resurfaced in the United States after January’s core Consumer Price Index climbed to an annualized rate of 5.5%. The increase comes as former President Donald Trump’s proposed tariff plans are under discussion; economists warn such measures could add upward pressure to prices by raising costs for imports and disrupting supply chains. Former … Read more

In today’s update: Physical gold demand and the paper price are increasingly disconnected in 2026 — China has tripled imports, about 1.1 million ounces left COMEX vaults, and global wealth is shifting east even as spot prices slipped to a two-month low. Gold prices have moved lower. Common explanations point to heightened tensions with Iran, … Read more

Central banks began 2025 by continuing their gold purchases, adding 18 tonnes in January. Emerging market countries accounted for the bulk of this buying, with Uzbekistan, China and Kazakhstan recording the largest increases. Poland and India each added about 3 tonnes to their official reserves. According to the World Gold Council’s 2024 report, central banks … Read more

Gold and silver market update — April 22, 2026 In this update: Five forces are moving gold right now — a live naval standoff in the Strait of Hormuz, an unsettled Federal Reserve leadership before a key rate meeting, a weakening dollar, 16 months of continuous central bank buying, and a policy dilemma with no … Read more

The large inflows of gold and silver into the United States abruptly stopped after the administration exempted precious metals from newly proposed tariffs. For several months, the prospect of tariffs created unusually large price premiums in New York relative to other global markets. That disparity encouraged traders to ship an estimated $80 billion-plus of bullion … Read more

Jefferies, a prominent global investment bank and financial services firm known for its market research and analysis, has lowered its year-end S&P 500 target from 6,000 to 5,300. The firm cites increased concerns about the risk of stagflation tied to proposed tariffs from the Trump administration as the primary driver for the revision. Although Jefferies’ … Read more

Record gold prices are reshaping markets across Asia, driving sharp shifts in demand and trade flows. In India, retail and wholesale markets are feeling the impact most acutely: dealers report discounts widening to an eight-month high of $41 per ounce as consumer demand softens. At the same time, domestic prices climbed to a new peak … Read more