With the US Dollar Index down roughly 8% in 2025, investors are exploring a range of strategies to benefit from dollar weakness. Common approaches include gaining exposure to foreign currencies through exchange-traded funds (ETFs) such as the Euro Trust (FXE) and Japanese Yen Trust (FXY), allocating to commodities that often appreciate when the dollar falls, … Read more

Gold slipped modestly on Monday, falling 0.4% to $3,354.03 per ounce as recent geopolitical developments unexpectedly strengthened the U.S. dollar instead of driving investors into the traditional safe-haven metal. The U.S. dollar advanced about 0.3% after U.S. forces reportedly struck Iranian nuclear sites with 30,000-pound bunker-buster bombs, prompting Iran to vow self-defense. The dollar’s rise … Read more

Many readers appreciated the tables we shared showing possible silver/S&P 500 ratios and their implications for both assets. If you missed the gold vs. stock market comparison, it’s worth reviewing that context as well. Given recent moves in equities and precious metals, I decided to run the same kind of scenario analysis for silver. In … Read more

China’s gold imports routed through Hong Kong fell sharply in January 2025, totalling 13.816 metric tons, according to data published Tuesday by the Hong Kong Census and Statistics Department. That figure represents a 44.8% decline from December 2024, when imports through Hong Kong reached 25.007 metric tons, and is the lowest monthly total recorded for … Read more

Gold and silver market update — May 8, 2026 In today’s update: April payrolls beat expectations by a wide margin. The U.S.-Iran ceasefire remained intact despite new incidents. The OMB confirmed a $2.065 trillion deficit. Yet the structural bid for gold held firm. Below are five key developments that help explain where gold and silver … Read more

Despite a roughly 5% pullback from its May high, the outlook for gold remains constructive according to market indicators. A steeper futures curve suggests traders are pricing in higher prices ahead, signaling continued confidence in the metal’s medium-term trajectory. Much of the recent weakness in spot prices appears linked to a roughly 4% rebound in … Read more

Federal Reserve Vice Chair Philip Jefferson acknowledged that recent inflation readings have shown improvement but warned that newly imposed tariffs could reverse that progress. Although April’s CPI figures were softer than expected, Jefferson warned that sustained import taxes have the potential to push inflation higher for a time and could also weigh on economic activity. … Read more

Two major Wall Street banks have issued sharply different forecasts for the direction of gold prices, setting up a clear divergence in market expectations. Citigroup projects a significant decline, forecasting a fall of roughly 25% to about $2,500 per ounce. Citi interprets recent demand as largely temporary and driven by short-term flows—particularly the new ability … Read more

Mohamed El-Erian, president of Queens’ College, Cambridge, and a Bloomberg Opinion columnist, has issued a pointed warning about what the recent surge in gold prices reveals about the global financial system. Speaking on Bloomberg Surveillance on March 19, 2025, El-Erian described the rise in gold as a “flashing yellow” signal that should prompt urgent attention … Read more

Gold is trading around $3,029 an ounce after reports indicated that President Trump’s next round of tariffs will be more narrowly targeted than originally expected. A more measured tariff approach could lessen upward pressure on inflation and reduce the likelihood of aggressive interest rate rises — conditions that tend to support gold, which offers no … Read more