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
The Bank of England’s latest monetary policy announcement surprised markets by leaning more dovish than many had anticipated, even though the central bank cut its main interest rate by the expected 25 basis points to 4.5%. The decision was unanimous, but notable for the fact that two members voted in favor of a larger, 50 … Read more
Federal Reserve Chair Jerome Powell warned that newly proposed tariffs could force the Fed into a difficult trade-off between its two main goals: keeping inflation in check and supporting economic growth. Speaking in Chicago, Powell said the tariffs are likely to move the economy “further away from our goals” over the course of the year … Read more
President Trump is openly threatening to remove Federal Reserve Chair Jerome Powell and has asked the Supreme Court to greenlight his broader effort to dismiss members of independent agencies. This push confronts a longstanding, roughly 90-year legal precedent that limits a president’s ability to fire officials at independent agencies except for specific causes such as … Read more
