Why Big Banks Predict Gold Above $6,000 — What It Means for Investors

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Daily News Nuggets | Today’s top stories for gold and silver investorsFebruary 23rd, 2026 | Brandon Sauerwein, Editor Two major banks have updated their gold price forecast for 2026 — and the numbers are hard to ignore. Gold Gains as Trump Tariff Plan Hits Legal Roadblock Gold prices rose after a federal court blocked former … Read more

BRICS Rebuke Rising U.S. Tariffs After Trump Proposes 10% Penalty

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The BRICS nations gathered in Brazil for a two-day summit that addressed rising tariffs and military conflicts in the Middle East, while avoiding direct references to the United States or to former President Donald Trump. Notably, Chinese President Xi Jinping and Russian President Vladimir Putin did not attend the meeting in person. During the summit, … Read more

Trade Deficit Sends US GDP Down 0.2% — What It Means for Growth

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The US economy contracted by 0.2% in the first quarter of 2025, a modest improvement from the initial estimate of a 0.3% decline. Quarterly GDP figures were revised following additional data, showing a slightly smaller pullback than first reported. Consumer spending, which accounts for the majority of economic activity, rose just 1.2%—the slowest pace in … Read more

March Buybacks Plummet 75% as Companies Hoard Cash Ahead of Tariffs

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Corporate America has sharply reduced share repurchases, with buyback announcements in March 2024 falling to $39.1 billion—the lowest monthly level since the pandemic and the weakest March total in five years. The decline follows a period earlier in 2024 when companies were executing buybacks at near-record rates. The recent slowdown appears driven by executive caution … Read more

Tokyo Inflation Hits 3.6% as Food Prices Push Two-Year High

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Tokyo’s core inflation climbed to 3.6% in May, the highest pace in more than two years and well above the Bank of Japan’s 2% target for the third consecutive month. This persistent rise in consumer prices underscores continued inflationary pressure in the capital. The main driver of the increase was food, where costs rose notably. … Read more

Gold Hits Seven-Month Low: Why Geopolitical Fears Aren’t Driving Prices

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In today’s update: Gold is falling despite the Iran conflict — and why that matters. May CPI printed 4.2% year-over-year, the gold-silver ratio sits near 64, and markets put Fed rate-hike odds around 70%. Here’s why the same shock that drives fear is also pressuring gold, and what Kevin Warsh’s first FOMC on June 17 … Read more

Russia Rises to 5th in Global Gold Holdings as Reserves Reach $217.4B

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Russia’s gold reserves have climbed to a record value of $217.4 billion as of March 1, 2025, placing the country among the world’s top five gold holders and ahead of China. Gold now represents 34.4% of Russia’s foreign reserves, underscoring the Central Bank’s long-running accumulation strategy that intensified after diplomatic and economic ties with Western … Read more

Treasury Secretary Urges Federal Reserve to Cut Rates 1.50–1.75%

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Treasury Secretary Scott Bessent told Bloomberg TV that U.S. interest rates are currently too restrictive for the economy and should be cut significantly. He recommended lowering rates by about 150–175 basis points from their present level, a sizable move that would signal a major change in monetary policy. Bessent expects the Federal Reserve to begin … Read more

Jeffrey Gundlach Predicts Gold Could Reach $4,000 an Ounce

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DoubleLine CEO Jeffrey Gundlach, widely known as the “bond king,” has reiterated a bullish outlook for gold, forecasting the metal could reach $4,000 per ounce. His prediction follows gold’s recent milestone of topping $3,000 per ounce for the first time. Gundlach’s positive view on gold is not new; he has expressed confidence in the metal … Read more

Gold Rises as Trump Tariffs Fuel Economic Worries and Dollar Weakens

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Gold prices recovered above $2,870 on Monday after a pullback last week, supported by a weaker dollar and growing concerns about upcoming tariffs announced by President Trump. The administration plans to impose a 25% tariff on imports from Canada and Mexico this week and to double existing duties on a range of Chinese goods. Those … Read more