Goldman Sachs: Gold Rally Has Legs With $4,500 ‘Tail Risk’ Possibility

According to Goldman Sachs, gold prices have reached record levels due to consistent overnight buying from Asian markets over eight straight days. Trading volumes during these sessions have been notably higher than average. Despite the substantial price increases, Goldman notes that market positioning has not yet become overextended, suggesting room for further growth. The investment bank has established a bullish year-end target of $3,700 per ounce for gold. Additionally, they’ve identified a “tail-risk scenario” where prices could surge dramatically to $4,500 per ounce if the Federal Reserve implements unexpected changes to its monetary policy.

Manufacturing Sentiment Craters as Trump Tariffs Begin to Bite, Fed Surveys Show

Recent Federal Reserve surveys reveal US manufacturers’ growing concerns about Trump’s tariff plans. The Philadelphia Fed’s April manufacturing index plunged to -26, its lowest since April 2023, while the prices paid index hit a 21-month high. Similarly, the New York Fed’s survey showed deteriorating business expectations, with its future business climate index reaching its lowest point since 2009. These worrying indicators emerge as Trump’s “Liberation Day” tariffs push effective US tariff rates to their highest level in a century, with economists warning of increased inflation and slower economic growth.

Gold’s Staying Power: Why the Original Store of Value Outshines Bitcoin

Written by: The MacroButler As the “Forward Confusion” campaign hits full stride under the mandate of the ‘Disruptor In Chief’, one thing’s already crystal clear: Bitcoin is doing a stellar job, at not being a store of value. Despite the breathless hype from some in the new administration touting it as the new gold, or even a future U.S. reserve asset, it promptly peaked the day after inauguration and has been gracefully tumbling ever since. And let’s not forget Ether, lovingly marketed as “digital silver” for the YOLO crowd, it’s down nearly 50% since the start of the Jubilee Year. […]

Price Sensitivity Divides Asian Gold Markets: India Offers Deep Discounts While China Pays Premiums

Physical gold demand in India has virtually disappeared as prices have rallied to unprecedented levels, forcing dealers to offer steep discounts of up to $74 per ounce over official domestic prices. Indian domestic gold prices reached a record high of 95,894 rupees per 10 grams, a level that even market bulls didn’t anticipate a few months ago. Banks had increased their gold imports in March at significantly lower prices and are now offering these supplies at substantial discounts. Although gold was imported ahead of the Akshay Tritiya festival, the dramatic price spike is expected to dampen festival demand considerably. In […]

Fed Holds Firm on Rates Despite Trump’s Calls for Powell’s Removal

Federal Reserve officials continue resisting pressure to lower interest rates, despite President Trump’s demands and his call for Fed Chair Powell’s “termination.” New York Fed President John Williams stated clearly that he sees no need to adjust rates soon. Trump, who appointed Powell in 2017 but quickly began criticizing him, has economic advisers who say Powell will complete his term ending May 2026. However, Trump’s unpredictable approach has Wall Street concerned, especially with a Supreme Court case that could potentially allow presidents to fire independent agency commissioners. Fed officials remain focused on inflation concerns. Williams acknowledged a likely inflation burst […]

ECB Slashes Rates to 2.25% as Trump Tariff Threat Looms Over Eurozone

The European Central Bank has reduced interest rates for the seventh consecutive time since last June, cutting the deposit rate by a quarter-point to 2.25% as anticipated by most analysts. The ECB has notably removed the word “restrictive” from its policy stance description, suggesting rates are now considered neutral rather than constraining economic activity. This rate cut comes directly in response to President Trump’s recent announcement of sweeping tariffs, which has shifted the ECB’s focus back toward continued monetary easing. President Christine Lagarde warned that these trade tensions pose significant downside risks to economic growth, potentially dampening exports and negatively […]

When Treasuries Tremble: Why Financial Experts Are Rushing to Gold and Cash

The U.S. Treasury bond market is exhibiting alarming behavior that suggests economic trouble ahead, even as stock investors remain seemingly oblivious. On April 7, Larry Fink, CEO of BlackRock, warned that most CEOs believe we’re already in a recession. Oddly, this statement didn’t drive investors to the usual safe haven of Treasury bonds. Instead, the 10-year Treasury yield experienced a dramatic intraday swing—a rare event previously seen only during major financial disruptions like the 2008 crisis. Bond investors are increasingly distrustful of U.S. economic policy, fearing rising tariffs and returning inflation. This has fueled a flight to gold, which surged […]

Trump Calls for Powell’s Removal as Fed Chair Warns of Tariff Consequences

President Trump escalated his criticism of Federal Reserve Chair Jerome Powell on Thursday, calling for his termination via Truth Social. Trump demanded immediate interest rate cuts, claiming Powell is “always TOO LATE AND WRONG” and should have followed the European Central Bank’s example of monetary easing. This comes after Powell warned that Trump’s new tariffs (the steepest in over 100 years) would likely cause “higher inflation and slower growth,” creating tension between the Fed’s dual mandate of price stability and maximum employment. Powell noted these tariffs, some paused for 90 days, have already disrupted markets and created economic uncertainty. Powell, […]

China Declares Tariffs ‘Meaningless,’ Pivots to Targeting Boeing and Critical Minerals

China has declared an end to its tit-for-tat tariff responses to President Trump’s trade measures, dismissing further U.S. tariff increases as a “joke” that Beijing would “ignore.” Instead, China is deploying a broader strategy targeting American businesses across multiple sectors. While Trump has raised tariffs on Chinese goods by up to 245%, China is now focusing on non-tariff restrictions. These measures include tightening export controls on rare-earth minerals crucial for semiconductors and defense systems, launching antitrust investigations into American companies like Google and DuPont, and expanding its “unreliable entity” list that restricts U.S. firms from trading or investing in China. […]

Profit-Taking Halts Gold’s Surge, But Trade Tensions Keep Prices Elevated

Gold prices dipped 0.5% to $3,326.51 on Thursday after hitting a record high of $3,357.40 earlier in the day as investors took profits ahead of a long weekend. Despite this pause, gold has gained nearly 3% this week, supported by a weakening dollar and escalating US-China trade tensions. Gold’s rally was particularly strong on Wednesday, surging 3.6% following President Trump’s order to investigate potential tariffs on critical mineral imports. Analysts remain bullish on gold’s long-term prospects despite expectations of short-term corrections.