NEWSNATIONNOW (Rob Taub) - Gold prices drop resulting from Strait of Hormuz closure, dealer says
Max Baecker points out that when the war against Iran began, there was significant profit-taking and gold selling.
NYTIMES (Sam Sifton) - Gold Standards
We explore a Times investigation into the gold market.
NYTIMES (Justin Scheck, Simón Posada and Federico Rios) - U.S. Mint Buys Drug Cartel Gold and Sells It as ‘American’
As prices for the precious metal soar, the industry’s guardrails have broken down.
ABCNEWS - WATCH: Why has the price of gold fallen since the start of the Iran war?
Gold prices have plunged 13% since the outbreak of war with Iran, betraying the yellow metal's reputation as a safe-haven asset.
AXIOS (Emily Peck) - Investors are buying America again with no other choice
The dollar is so back. The U.S. currency — subject to a good deal of bad press for the past year or so — has strengthened in value against other currencies since the Iran war began. Why it matters: It's not that people are falling in love with America again. It's more as if investors are running for safety toward the best option. And, like it or not, that's still the U.S. dollar. The big picture: The spike in oil prices was the catalyst for a major global market disruption that's only beginning to play out. Uncertainty abounds. - Since Sunday, the dollar's value has grown relative to other currencies. - This is how the currency market always reacts to big risks, says Robin Brooks, a senior fellow at the Brookings Institution and a…
The dollar is so back. The U.S. currency — subject to a good deal of bad press for the past year or so — has strengthened in value against other currencies since the Iran war began. Why it matters: It's not that people are falling in love with America again. It's more as if investors are running for safety toward the best option. And, like it or not, that's still the U.S. dollar. The big picture: The spike in oil prices was the catalyst for a major global market disruption that's only beginning to play out. Uncertainty abounds. - Since Sunday, the dollar's value has grown relative to other currencies. - This is how the currency market always reacts to big risks, says Robin Brooks, a senior fellow at the Brookings Institution and a…Open
YOUTUBE (The Hill) - Major stocks, gold, silver prices all dip after Trump taps Kevin Warsh as new Fed chair | Sunrise
After President Trump early Friday morning nominated former Federal Reserve board member Kevin Warsh to be the central bank's next chair, gold and silver saw a significant selloff, while U.S. stocks dipped.
YOUTUBE (Dr. Steve Turley) - You Won’t BELIEVE Why Gold Prices Are SKYROCKETING!!!
AXIOS (Pete Gannon) - Gold and silver prices plunge following Trump's Fed pick announcement
Gold and silver prices cratered Friday after President Trump named Kevin Warsh to lead the Federal Reserve, following months of gains driven in no small part by fears over the central bank's independence. The big picture: The selloff follows a year when the precious metals soared as if they were meme stocks or the hot new tech darling. Today's plunge was seen by many market analysts as an inevitable move for an asset class primed to retreat, with the Fed news merely a catalyst. State of play: Gold futures tumbled 9% Friday afternoon, to $4,901 per ounce. It saw the biggest daily decline since the early 1980s, per Bloomberg . - Silver plunged 27%, to $83.35 an ounce, the steepest one-day decline since 1980, per MarketWatch . What…
Gold and silver prices cratered Friday after President Trump named Kevin Warsh to lead the Federal Reserve, following months of gains driven in no small part by fears over the central bank's independence. The big picture: The selloff follows a year when the precious metals soared as if they were meme stocks or the hot new tech darling. Today's plunge was seen by many market analysts as an inevitable move for an asset class primed to retreat, with the Fed news merely a catalyst. State of play: Gold futures tumbled 9% Friday afternoon, to $4,901 per ounce. It saw the biggest daily decline since the early 1980s, per Bloomberg . - Silver plunged 27%, to $83.35 an ounce, the steepest one-day decline since 1980, per MarketWatch . What…Open
AXIOS (Neil Irwin) - The economy's pressure relief valve: the U.S. Dollar
Massive fiscal deficits as far as the eye can see. The prospect of easy monetary policy even amid elevated inflation. America's role in the world is in flux. Something has to give, and that something is the U.S. dollar. The big picture: A drop in the value of the dollar against other major currencies — underway for the past year, with a new leg down in the last couple of weeks — is the market manifestation of a shifting economic landscape. - With strong economic growth and the AI boom, the stock market has remained robust. The prospect of additional Federal Reserve rate cuts has kept Treasury bond prices stable. - But on the currency markets, the dollar has been falling — with specific recent words and actions by the Trump…
Massive fiscal deficits as far as the eye can see. The prospect of easy monetary policy even amid elevated inflation. America's role in the world is in flux. Something has to give, and that something is the U.S. dollar. The big picture: A drop in the value of the dollar against other major currencies — underway for the past year, with a new leg down in the last couple of weeks — is the market manifestation of a shifting economic landscape. - With strong economic growth and the AI boom, the stock market has remained robust. The prospect of additional Federal Reserve rate cuts has kept Treasury bond prices stable. - But on the currency markets, the dollar has been falling — with specific recent words and actions by the Trump…Open
NYTIMES (Kailyn Rhone) - Silver Prices Are Surging Even Faster Than Gold
Silver has risen roughly 60 percent this month alone. What is going on?