Gold hit a milestone on Tuesday, briefly trading above $3,500 per ounce after President Trump publicly criticized Federal Reserve Chair Jerome Powell. Trump warned that the economy could slow unless the Fed cuts interest rates, a comment that heightened investor uncertainty and boosted demand for gold as a safe-haven asset. By the close, gold settled … Read more
Bert Dohmen’s Wellington Letter warns that the recent wave of market selling is not a buying opportunity but the start of a bear market. According to the analysis, stocks are breaking through technical support on heavy volume, a pattern that often precedes more severe declines. The report characterizes the situation as a potential “liquidation bear … Read more
Kevin Hassett, a principal economic adviser to President Trump, has emerged as the frontrunner to succeed Jerome Powell as chair of the Federal Reserve. Trump has repeatedly criticized Powell’s handling of interest-rate policy, arguing that rates have been kept too high and expressing a preference for a chair who would adopt a more accommodative stance. … Read more
Gold demand in Asia’s major markets has slowed sharply as prices climb to record levels, with India’s domestic gold rate reaching 84,910 rupees per 10 grams. This marks an increase of more than 10% so far in 2025, following a 21% rise in 2024. The rapid price appreciation has disrupted usual trading patterns: Indian dealers … Read more
Economist Mark Zandi warns that the U.S. economy may be close to slipping into a recession. Recent data revealed a notable slowdown in job growth alongside a modest uptick in inflation—developments that limit the Federal Reserve’s options for stabilizing the economy. Zandi highlights several indicators that suggest growing economic strain: consumer spending has flattened, construction … Read more
Gold vs Stocks & Bonds — The Quick Answer Stocks: Growth potential, but vulnerable to sudden large drawdowns. Bonds: Income and stability historically, but their diversification benefit has weakened. Gold: Crisis protection, stability, and genuine diversification that neither stocks nor bonds reliably provide. Many portfolios still rest on a simple assumption: stocks provide growth while … Read more
The Korea Gold Exchange experienced major operational strain as its website struggled to handle an influx of users, forcing thousands of traders into virtual waiting rooms from Thursday through Friday. This surge in demand comes as gold climbed to record levels, trading at 579,000 won per 3.75kg — a steep 56.5% increase compared with the … Read more
Gold prices eased on Monday as investors booked profits following a recent surge sparked by heightened tensions in the Middle East. The metal had climbed to near two-month highs after Israeli strikes on Iranian territory and Iran’s missile response targeting locations in Israel, prompting a wave of safe-haven buying. Although prices fell between about 0.5% … Read more
The Perrodo family, whose estimated $8 billion fortune originated with the oil and gas company Perenco, is actively broadening its investment portfolio through its London-based family office BNF Capital and private equity vehicle Perwyn Advisors. While the family continues to operate and support its core energy interests, recent moves show a deliberate strategy to diversify … Read more
Few voices in global finance carry as much influence as Ray Dalio’s. As the founder of Bridgewater Associates, the world’s largest hedge fund, Dalio has spent decades studying economic cycles, monetary systems, and how money behaves under stress. His stance on gold is deliberate and long-standing. Dalio treats gold not as a speculative bet but … Read more