Gold prices slipped 1.3% to $3,274.10 an ounce on Wednesday, representing the second consecutive day of declines. Analysts point to a stronger US dollar and easing US-China trade tensions as key factors behind the drop. Even with this pullback, gold remains on course for its fourth consecutive monthly gain, rising nearly 5% during April. After … Read more
As gold prices rise, affluent investors are increasing their allocations to the metal, seeking a reliable hedge against economic volatility and geopolitical uncertainty. Investment options range from small fractions of a gold bar to large, insured bullion holdings stored in ultra-secure vaults, including high-security facilities such as those deep in the Alps. Some investors choose … Read more
President Trump announced that his administration will send letters to trading partners within the next two to three weeks detailing the tariff rates that will apply to doing business with the United States. He said the volume of requests for trade discussions — he estimated about 150 countries — makes individual meetings impractical for his … Read more
Most major cryptocurrencies slipped on Monday as markets turned cautious. XRP led declines among large-cap tokens, falling about 3.5%, while meme coin Dogecoin dropped roughly 4.6%. These moves reflected a broader risk-off tone across global financial markets. Bitcoin and Ethereum also eased modestly, pressured by renewed concern about U.S. monetary policy, persistent inflationary pressures and … Read more
According to Treasury Department data released Thursday, the U.S. budget deficit exceeded $1.3 trillion for the first six months of fiscal 2025, covering October through March. That total is the second-largest six-month deficit on record in the past four decades, exceeded only by the roughly $1.7 trillion shortfall recorded in early fiscal 2021 amid the … Read more
Silver has climbed sharply in 2025, rising nearly 25% year-to-date and pushing above $35 per ounce to approach decade highs near $38. The advance reflects a prolonged supply shortfall that has persisted for seven consecutive years, producing an estimated cumulative deficit of roughly 800 million ounces since 2021. On the demand side, industrial uses remain … Read more
Gold prices rose on Tuesday as investors sought safe-haven assets amid rising tensions between Israel and Iran. Spot gold advanced 0.1% to $3,386.29 per ounce, reflecting cautious demand as geopolitical risks increased. The regional conflict has escalated to worrying proportions, prompting caution from world leaders. Jordan’s King Abdullah warned of broader global implications, underscoring how … Read more
According to the World Gold Council’s latest monthly report, gold climbed to a record $3,115 per ounce in March 2025, marking a 9.9% gain for the month even as the US dollar weakened. The surge was supported by a stronger euro, tariff-driven geopolitical concerns and substantial ETF demand, led by US-based funds which recorded roughly … Read more
Federal Reserve Chair Jerome Powell will appear before Congress next week for the first time in seven months, answering questions on monetary policy at an important moment for the U.S. economy. His testimony is scheduled before the Senate Banking Committee and the House Financial Services Committee and comes after the Fed held its policy rate … Read more
Oil prices climbed sharply, with Brent crude rising 1.7% to $76.95 and WTI advancing 2.6% to $74.42, after President Trump’s proposed tariffs threatened to disrupt energy trade across North America. Under the tariff plan, Canadian energy imports would face a lower 10% levy compared with a 25% tariff applied to many other goods. Still, analysts … Read more