Latest Precious Metal News

April 10, 2024

Bank of America predicts gold reaching $3,000 and raises concerns about a copper supply crisis, stating that metals have their own rhythm.
Bank of America predicts that gold prices will surge to $3,000 per ounce by 2025, bolstered by robust demand from central banks and the anticipation of investors re-entering the market once the Federal Reserve starts cutting interest rates.
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April 10, 2024

This marks the first instance in history where the Fed is documenting weekly losses amounting to billions of dollars, all while continuing to allocate substantial interest income to the mega banks situated on Wall Street.
Federal Reserve (Fed) has incurred $161 billion in cumulative losses. These are not unrealized losses on its underwater debt securities, as it doesn't mark them to market.
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March 31, 2024

Analysis Shows US Money Supply Declining for Fifteenth Consecutive Month Amid Disappearing Full-Time Jobs
The growth of the money supply saw another decline in January, remaining deeply negative after turning negative in November 2022 for the first time in twenty-eight years. This decline in January continues a steep downward trend from the unprecedented highs...
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March 31, 2024

Wisconsin officially abolishes sales taxes on purchases of gold and silver.
In response to significant grassroots pressure, Governor Tony Evers of Wisconsin has signed legislation into law, making Wisconsin the 44th state in the U.S. to eliminate sales taxes on the purchase of precious metals.
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March 31, 2024

Gold, Silver, and Platinum Predictions: Gold Pulls Back as Dollar Challenges Multi-Week Highs
Gold retreated towards the $2160 level, while Silver attempted to settle below the support range of $24.40 - $24.60. Platinum is currently trending towards a robust support level between $880 - $890.
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March 31, 2024

SWIFT intends to introduce a CBDC interconnection system within the coming two years.
SWIFT, the organization behind the widely-used network connecting global private banks, is venturing into the central bank digital currency (CBDC) payment sector.
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March 31, 2024

Gold reaches unprecedented peaks fueled by demand for safe-haven assets and speculation regarding rate cuts in the US.
Gold prices surged to a historic high on Thursday, marking their most significant monthly gain in over three years, driven by expectations of U.S. interest rate cuts and robust demand for safe-haven assets.
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March 31, 2024

BRICS: US Banking Institution Concurs that Transitioning to Gold Standard Will Foster Price Stability.
In the US, inflation is causing concern, especially with the BRICS alliance considering moving away from the dollar.
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March 22, 2024

BRICS Expansion and a Shifting Global Economic Landscape
The BRICS group – Brazil, Russia, India, China, and South Africa – is once again making headlines, with recent developments signaling potential shifts in global economic cooperation.
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