All articles tagged with #gold
Gold sits near a three-month high as a softer dollar and U.S. Treasury bond buybacks support prices; spot gold is about $4,643/oz with futures near $4,700, and the metal has surged more than 15% this month. Investors await inflation data and a potential dovish signal from the Fed at Jackson Hole, which could extend the rally, while a hawkish surprise could cap gains.
TSA is scrapping the Gold+ privatized screening concept in favor of an 'evolved' Screening Partnership Program as part of Administrator Cummins’ Horizon 25 Strategy to modernize checkpoints and broaden private partnerships (and bolster PreCheck). Tampa International Airport decided not to adopt Gold+, opting to keep TSA officers, while other airports had considered the plan. The shift follows ongoing privatization push debates, with labor groups weighing in and Gold+ procurement already underway before the pivot.
Gold rose to its highest in three months as traders weigh US inflation and ongoing bond-market jitters, with spot gold near $4,650 an ounce after the Treasury expanded long‑dated debt purchases. Global stocks opened higher on tech optimism ahead of Nvidia results and US inflation data, while Brent crude hovered just under $90 a barrel. Other headlines include resilient US house prices with slowing momentum, Lego's strong half-year sales, Vistry’s £350m affordable-homes grant, and the liquidation of First Brands Group, alongside warnings from veteran investors about attempts to suppress yields amid mounting debt concerns.
Bitcoin jumped about 23% in the week as stocks fell, gold rose and the dollar weakened, marking one of its strongest digital-gold weeks and fueling talk of a ‘debasement trade’ driven by government bond actions. Treasuries briefly pushed yields lower before clawing back much of the move, while BTC’s stock correlation collapsed and its link to gold strengthened, signaling a notable macro shift.
Gold climbed for a third straight week, topping $4,600 as concerns about U.S. debt and the Treasury’s move to double long-dated bond buybacks boosted demand for safe havens, aided by a weaker dollar; analysts say the rally is driven more by bond-market interventions than rate expectations, with July PCE data and Fed Chair Warsh’s Jackson Hole speech in focus next.
Billionaire Ray Dalio says investors should underweight bonds and allocate about 10-15% of portfolios to gold, with a smaller allocation to Bitcoin, to hedge against a potential U.S. debt crisis in roughly three years. He advocates broad diversification across assets and countries, notes rising long‑term yields and fiscal strains, and argues that non‑government money like gold and Bitcoin could perform well if deficits persist and currencies weaken. He also calls for reducing the budget deficit toward 3% of GDP through spending cuts, higher revenue, and lower interest costs.
Bitcoin jumped through the $67,000 level and gold rose as U.S. Treasury buybacks and a weaker dollar boosted risk assets, fueling a high-momentum week for crypto. Regulators signaled a friendlier stance on crypto finance, with the CFTC weighing easier rules, while political figures like Trump continued to push crypto-friendly policies; the rally was helped by bears covering positions, with billions in bearish crypto bets liquidated by week’s end.
Ray Dalio says the Treasury’s debt-buyback move, along with widening deficits and higher long‑term yields, signals a potential U.S. debt crisis and urges investors to hedge with gold and a modest bitcoin position. He outlines a three‑part fix—cut spending, raise taxes, and lower interest rates—emphasizing gradual steps to avoid trauma, with the crisis timing possibly within one to five years.
A photo from Ituri province in eastern Congo depicts people scavenging for gold at an artisanal mining site, illustrating the intertwined human hardship and environmental impact of small-scale mining in the region.
Bitcoin and gold jumped as US Treasury Secretary Scott Bessent pledged to at least double long-term bond purchases, weakening the dollar and reviving debasement trades. Bitcoin rose about 23% for the week to around $77,380, its best in over three years, while gold climbed ~1.5% to about $4,585 per ounce and eyes its biggest monthly gain since 1999. Investors debated the policy’s effectiveness in stabilising long-dated yields, with bets increasingly placed on non-dollar stores of value even as crypto equities and other digital assets rallied amid a broader regulatory and market momentum.
Archaeologists excavating off Croatia’s Mljet Island have recovered a late 7th/early 8th‑century shipwreck hoard—the largest gold treasure ever found from a Mediterranean shipwreck—featuring more than 600 grams of gold coins issued by four Heraclian emperors, plus elaborate jewelry with rubies, emeralds and pearls and a golden signet ring, indicating a high‑status passenger. The wreck, studied since 2015 and formally presented July 23 by the Croatian Conservation Institute, provides new insights into Mediterranean sea routes during the Roman‑to‑medieval transition.
Gold and silver climbed as crude oil’s rally pushed Treasury yields higher and weighed on equities; spot gold hovered around $4,414/oz (+0.9%) and spot silver near $65.65 (+1.7%). U.S. and European stocks ended lower as higher oil fed inflation concerns, while the dollar weakened and Fed-hike odds cooled. The 10-year yield stayed near 4.7%, with Brent above $90 and WTI about $84.60. Investors awaited Fed minutes and PMI data; gold’s gains are supported by a softer dollar and inflation risk, though higher yields cap further upside. Technicals point to resistance around $4,447–$4,534 and support near $4,326–$4,276, while silver eyes a move beyond $67 toward $69–$70.
Soft US data cooled expectations for a Fed rate hike and helped gold hover around $4,425/oz, while Iran-related uncertainty and oil dynamics add a geopolitical backdrop. Heraeus notes Barrick Gold and Pan American Silver meeting or exceeding 2026 production targets, and a July rebound in Perth Mint silver bar/coin sales suggests price-sensitive demand returning. Silver trades near $66/oz as overall metals demand shows tentative improvement.
Options traders are betting on a price trend in gold, according to Susquehanna, signaling expected moves in the gold market.
Veteran strategist Jeff Currie has turned bullish on gold, with the article promising to explain the reasons behind his optimistic outlook.