Scottsdale Mint’s Josh Phair says London “no longer the top jurisdiction” for gold
(Kitco News) – The global gold market is fracturing into competing geopolitical blocs, forcing a historic migration of physical metal away from its traditional hub in London, the founder of a leading precious metals mint warned Tuesday.
Read moreIndia may remove limits on gold ETFs in pension investments, supercharging investment demand
(Kitco News) – India’s pension regulator is considering removing restrictions on some types of investments – including gold-backed exchange-traded funds (ETFs), Bloomberg reported on Tuesday.
Read moreExpert warns Fed pivot is a ‘trap,’ cites data showing consumer in ‘recession since COVID’
(Kitco News) – Macro strategist Stephanie Pomboy is warning that the market’s celebration of a dovish pivot from the Federal Reserve is a “trap,” arguing that rate cuts will be impotent and that underlying data shows the U.S. economy is in far worse shape than mainstream headlines suggest.
Read moreZang warns “Genius Act” will trigger hyperinflation, sees “globally coordinated” gold confiscation ahead
(Kitco News) – The recently signed “Genius Act” is a deliberate plan to trigger hyperinflation using stablecoins as its primary tool, according to financial analyst Lynette Zang.
Read moreTrump’s firing of Fed Governor Cook roils markets and Capitol Hill, boosts gold to the edge of $3,390/oz
(Kitco News) – President Donald Trump’s Monday evening announcement that he intends to fire Federal Reserve Governor Lisa Cook from her position is the most significant escalation of his attacks on the central bank’s independence, and it has provoked a strong reaction from Democrats and the markets – and a renewed bid for gold prices.
Read moreGold gains on uncertainty surrounding Trump firing Fed official
(Kitco News) – Gold prices are moderately higher and hit a two-week high Tuesday, on a safe-haven boost after President Trump said he has fired a Federal Reserve governor.
Read moreGold gains on uncertainty surrounding Trump firing Fed official
(Kitco News) – Gold prices are moderately higher and hit a two-week high Tuesday, on a safe-haven boost after President Trump said he has fired a Federal Reserve governor.
Read moreGold prices holding steady as U.S. consumer confidences drops slightly to 97.4
(Kitco News) – U.S. consumers remain slightly more optimistic than expected, even as overall U.S. Consumer confidence struggles.
Read moreGold rises to $3,377/oz after U.S. durable goods decline -2.8% in July
(Kitco News) – The gold market is trading near session highs after the latest economic data showed sales of durable goods for July declined more than expected.The Commerce Department announced Tuesday that U.S. durable goods orders fell -2.8% last month, following June’s unrevised decrease of -9.3%. The data was better than expected, as the consensus view of economists called for a decrease of -4.0.
Read moreGold price modestly up as Trump says he fired Fed governor
(Kitco News) – Gold prices are mildly higher and hit a two-week high in early U.S. trading Tuesday, on a mild safe-haven boost after President Trump said he has fired a Federal Reserve governor.
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