China’s central bank, the People’s Bank of China (PBOC), has authorized commercial banks to buy foreign currencies specifically for gold imports after expanding gold import quotas last month. The change aims to support rising demand for gold while addressing currency pressures. Recent market turbulence tied to trade tensions under U.S. President Trump has pushed investors … Read more

Markets around the world are showing heightened volatility as investors prepare for President Trump’s expected “Liberation Day” tariff announcements later this week. The possibility of broad reciprocal tariffs has prompted a flight to safety: Treasury and European government bonds have rallied, gold has climbed to new highs, and the Japanese yen has strengthened to its … Read more

Economic experts are increasingly warning about recession risks in the U.S. economy two months into President Donald Trump’s term. Major financial institutions have raised their recession probability estimates: JPMorgan now forecasts a 40% chance (up from 30%), Moody’s Analytics projects 35% (up from 15%), and Goldman Sachs has increased its estimate to 20% (from 15%). … Read more

What Are Gold and Silver Prices Today?  Here’s what’s driving gold and silver prices today — and what to watch heading into Wednesday. On Monday, gold eased, briefly dropping below the psychologically important $5,000 level. The pullback was supported by a firmer U.S. dollar and softer expectations for Federal Reserve rate cuts. Silver moved lower … Read more

President Trump has enacted a major change to U.S. trade policy by signing proclamations that remove all current exclusions on steel and aluminum tariffs and increase the tariff rate to 25%. The move reverses what a U.S. official called an “out of control” exclusion process under the previous administration, which had issued a large number … Read more

Former Congressman Ron Paul’s long-standing push for greater Federal Reserve transparency has taken on new momentum after gaining an unlikely ally: Elon Musk, who now leads the Department of Government Efficiency Service (DOGE). Paul has consistently called for a comprehensive audit that would go well beyond routine financial reviews. His proposal seeks to expose how … Read more

Key Takeaways The Fed’s April minutes showed four dissents — the most since 1992 — yet gold remains firm above $4,500, suggesting markets see a structural limit to how far the Fed can tighten. With roughly $39 trillion in federal debt and annual interest payments exceeding $1 trillion, fiscal dominance is constraining the Fed’s ability … Read more

Major commodity traders such as Glencore and Trafigura are accelerating shipments of copper to the United States after President Trump directed the Commerce Department to examine possible tariffs on the metal under Section 232. Traders are acting quickly to take advantage of a widening price differential between U.S. and global copper markets. The recent surge … Read more

The Treasury’s upcoming $20 billion 10-year TIPS auction is expected to produce a yield near 2.25%, a level not seen since the 2008 financial crisis. That earlier surge in yields was driven largely by liquidity stress and market dysfunction. Today’s elevated yields reflect different forces: a stronger economy, rising real rates, and concerns about the … Read more

After reaching a record high of $3,500 per ounce in April, gold has since lost momentum and retreated by roughly 5%. The pullback surprised many observers who had expected persistent geopolitical tensions and a weaker dollar to push prices higher. HSBC’s chief precious metals analyst, James Steele, views the recent move as the start of … Read more