Germany keeps about one-third of its 3,352 tonnes of gold—the world’s second-largest reserves—at the Federal Reserve Bank of New York, a practice that dates back to the Cold War. The prospect of Donald Trump returning to the White House and his confrontational stance toward allies and the Federal Reserve has renewed German concerns about the … Read more

Russians are increasingly turning to gold as a financial safe haven amid mounting economic pressure. Consumer gold purchases reached 75.6 metric tons in 2024, a rise of 6% compared with 2023 and a substantial 62% increase over pre-war levels in 2021. Several factors are driving this shift: persistent high inflation—recently around 9.5%—the ruble’s prolonged weakness … Read more

Gold markets remain cautious near record highs as a range of factors shapes investor sentiment. Traders are closely watching the potential inflationary impact of President Trump’s tariff policies, prompting three Federal Reserve officials to flag upside risks to prices and to advocate a more cautious stance on cutting interest rates. Although Mexico and Canada were … Read more

The British pound rose on Thursday after the Bank of England reduced its base interest rate by 25 basis points to 4.25%. The decision exposed a surprising split among the Bank’s policymakers, with two members voting to keep rates unchanged. Sterling climbed 0.24% against the U.S. dollar, reaching $1.33215. Market participants also reacted to reports … Read more

Gold and silver market update — April 28, 2026 In today’s update: WTI topped $100.09 after the UAE confirmed it will leave OPEC, the US rejected Iran’s Hormuz proposal, and the Federal Reserve began what may be Jerome Powell’s final meeting. Gold and silver investors now face five overlapping forces, all pointing toward the same … Read more

Moody’s Analytics chief economist Mark Zandi warns that the US economy is “on the precipice of recession” following a series of troubling economic reports released last week. Payrolls in July increased by only 73,000, and revisions to prior months were steep: May and June job gains were revised down to 19,000 and 14,000, respectively. Those … Read more

December’s wholesale inflation figures showed an unexpected easing, as the Producer Price Index (PPI) rose just 0.2% month-over-month, below economists’ projected 0.4% increase. Much of this moderation reflected a 0.1% drop in food prices—highlighted by a substantial 15% decline in vegetable costs—and stable services prices. Energy prices climbed 3.5% during the month, while the core … Read more

Gold demand across major Asian markets strengthened this week after prices eased from the recent peaks. In India, local dealers began quoting discounts of around $34 per ounce compared with earlier levels. Traders and market participants said that if gold prices decline further toward roughly 90,000 rupees per 10 grams, retail and wholesale buying could … Read more

The Japanese yen weakened after the Bank of Japan decided to keep interest rates steady and revised down its economic growth outlook, citing the impact of US tariffs. The BOJ also pushed back the expected timeline for reaching its inflation target by roughly a year. Governor Ueda emphasized there is no urgency to raise rates … Read more

President Trump is reportedly weighing the possibility of removing Federal Reserve Chair Jerome Powell before his term expires in May 2026. Sources familiar with the administration indicate that former Fed governor Kevin Warsh is the leading candidate to succeed Powell if the change is made. Warsh, who served on the Federal Reserve Board during the … Read more