The US goods-trade deficit is expected to remain near record levels, with February data likely to show a gap approaching $162 billion driven in large part by heavy gold bullion shipments to New York. Traders have been rushing to secure physical gold ahead of possible tariffs on precious metals, which has pushed imports sharply higher. … Read more

Gold prices climbed Monday as a softer U.S. dollar and renewed trade tensions boosted demand for the precious metal. Investors sought safety amid rising geopolitical and economic uncertainty after renewed tariff threats from President Donald Trump. Spot gold rose 0.8% to $3,228.47 per ounce, while U.S. gold futures advanced 1.4% to $3,232.10. The dollar’s decline … Read more

Florida Governor Ron DeSantis has signed a landmark bill (HB 999) that allows gold and silver coins to be used in everyday transactions across the state. Under the new law, coins that meet defined purity and authenticity standards may be accepted alongside the U.S. dollar for purchases, payments and other routine exchanges. This makes Florida … Read more

Key Takeaways Bank deposits are unsecured loans to a bank; allocated physical gold is not. These two forms of holding value carry fundamentally different risk profiles. In February 2022, Western governments froze roughly $300 billion of Russian central bank foreign currency reserves. That event underscored political risk associated with holding reserve currencies. World Gold Council … Read more

Gold surged to a record high of $3,086.21 per ounce as investors sought safety amid renewed trade tensions tied to the reciprocal tariffs announced for April 2. The tariff measures have raised concerns about higher inflation, slower global growth, and elevated geopolitical risk, prompting some market participants to move into gold as a defensive asset. … Read more

During finance meetings in Washington, Japanese Finance Minister Katsunobu Kato urged G20 countries to work together to stabilize financial markets that have been unsettled by a range of factors. Kato pointed to geopolitical tensions, including Russia’s invasion of Ukraine, as well as trade measures such as US tariffs and the retaliatory steps some countries have … Read more

Gold Retreats After Trump-Fed Showdown Gold eased back on Tuesday, trading near $3,340 per ounce after a spike on Monday that pushed prices briefly to about $3,370. The surge followed President Trump’s move to remove Federal Reserve Governor Lisa Cook, prompting a rush to safe-haven assets. Cook, one of the Fed’s three sitting governors, has … Read more

A deadly confrontation at AngloGold Ashanti’s Obuasi gold mine in Ghana has left several people dead and raised serious questions about what happened. The military says seven illegal miners were killed after about 60 people carrying locally made rifles breached the mine’s security fence and opened fire on a military patrol. But Kofi Adams, chairman … Read more

The euro jumped 2.2% against the dollar on Thursday, reaching $1.1021 — its strongest level in six months and the largest one-day gain since December 2015. The sharp move came after President Trump unveiled tougher-than-expected tariff measures, including a 10% baseline on all U.S. imports and higher rates for specific trading partners. Markets interpreted the … Read more

Gold pulled back on Tuesday after reaching its highest level since May 8, sliding 0.7% to $3,356.75 per ounce as the U.S. dollar recovered from a one-month low. The stronger dollar makes bullion more expensive for buyers using other currencies and removed some immediate upward pressure on prices. Market participants cited growing caution amid shifting … Read more