In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey challenged the optimistic mainstream narrative surrounding the U.S. economy, arguing that beneath strong headline numbers lies a far more troubling inflationary and monetary reality. Maharrey opened with a personal hockey story about an overhyped Canadian team that ultimately proved ordinary on the ice, using it as a metaphor …
Continue ReadingGold held near record levels as renewed US inflation pressures reinforced expectations the Federal Reserve will keep interest rates elevated for longer. Bullion traded near $4,700 an ounce after falling 0.6% Wednesday when data showed US wholesale inflation accelerated in April at the fastest pace since 2022, while benchmark 10-year Treasury yields climbed toward their highest level since July. Higher …
Continue ReadingGold demand was up 2 percent year-on-year in the first quarter, setting a record in value terms. Including over-the-counter (OTC) selling, gold demand came in at 1,231 tonnes. Volume growth, coupled with the surging gold price, drove a 74 percent jump in the value of Q1 demand to a record of $193 billion. Investment demand and central bank gold buying …
Continue ReadingGold bounces higher as yields and oil drop, but strong resistance lies ahead. Gold has regained some footing after a difficult few weeks, rebounding toward the middle of its recent range as investors reassess the balance between geopolitical risk and rising yields. The metal had come under pressure through April as equities rallied sharply, the dollar firmed and markets reduced …
Continue ReadingThe Washington-based institution says a spike in precious metals values is leading the way in an anticipated double-digit overall metals and minerals price increase in 2026. The World Bank Group, Washington, has predicted that global metals and minerals prices will increase by 17 percent this year, part of its forecast for an overall average commodity price increase of 16 percent. …
Continue ReadingCentral banks continued to buy gold in March; however, big sales by Turkey and Russia sent net purchases negative by 27 tonnes. Officially, central banks globally bought 37 tonnes of gold in March, led by Poland. The Gold Buyers !!–Product-Random-Best-2–!! Despite rumors that the country might tap into its gold reserves to fund defense spending, the National Bank of Poland …
Continue Reading$1.78B surplus contrasts with $5.11B deficit in February. Canada’s merchandise trade balance swung to a surplus in March as higher crude oil prices and surging demand for gold drove a sharp jump in exports while imports declined, data showed on Tuesday. Statistics Canada said the country posted a $1.78 billion surplus in March, compared with a $5.11 billion deficit in …
Continue ReadingGold and silver both edged lower last week, with gold closing around $4,614 and silver near $75, a modest pullback in what remains a broader uptrend. The gold-to-silver ratio is tightening around 61, signaling a market that’s coiling and potentially setting up for a bigger directional move. One of the biggest drivers right now: central banks. They’ve shifted decisively back to gold …
Continue ReadingWall Street analysts are still holding firm on their bullish year-end targets for gold bullion — even after gold ended April with a more measured pullback and March’s sharp selloff, TheStreet.com reports. After stabilizing somewhat last month, gold drifted modestly lower in April, ending the month in the mid-$4,500 range. That leaves prices well below Gold’s late-January peak near $5,600, but still within striking …
Continue ReadingGold is poised to benefit significantly from an increasingly fragmented world as nations continue to pivot into the metal and away from the US dollar as their go-to reserve asset, according to Deutsche Bank. In a note published on Monday, the German investment bank said it sees a scenario where central banks, especially those in emerging economies, continue to increase their …
Continue Reading