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Oil prices jumped about 3% to around $74 per barrel after President Trump dampened hopes for a quick Israel-Iran ceasefire. Speaking to reporters, Trump said he wants “a real end” to the conflict and Iran’s nuclear program “wiped out.” The uncertainty has pushed oil market volatility to three-year highs. While...

With market volatility and inflation fears on the rise, more investors are turning to precious metals to protect and diversify their portfolios. But that raises an important question: how much should you actually allocate to gold and silver?  The answer depends on your goals, risk tolerance, and financial outlook. In...

It now appears some countries and companies no longer want to be paid in US dollars. The post Some Countries And Companies No Longer Want To Be Paid In US Dollars appeared first on King World News.

The Senate Finance Committee has released its version of President Trump’s major tax bill, featuring significant changes from the House version. Key business wins include permanent corporate tax deductions for capital investments and interest expenses, though a controversial “revenge tax” on foreign businesses remains. The bill includes modified provisions for...

Trump’s economic policies are driving gold prices higher by undermining confidence in the US dollar. His massive tax cuts are adding $2.5 trillion to the deficit over the next decade, while he pressures the Fed to cut rates and floats ideas about restructuring foreign-held US debt. Despite factors that should...

Secret Service Followed Protocol In Padilla Incident Authored by Susan Crabtree via RealClearPolitics, California Sen. Alex Padilla is getting plenty of mileage out of his scuffle with the Secret Service and federal authorities in Los Angeles Thursday. Padilla’s Senate and campaign X.com accounts posted a total of seven outraged videos in the first 24 hours after the altercation. Viral videos of the incident show a Secret Service agent dragging a fuming Padilla out of a press conference with Homeland Security Secretary Kristi Noem, and he identifies himself as a senator […]

"It's Disgusting": Erik Prince Torches RINOs For Screwing America Out Of DOGE Cuts, Warns Of Primaries Blackwater founder Erik Prince unleashed on Congressional Republicans, blasting their failure to codify spending cuts identified by Elon Musk's Department of Government Efficiency (DOGE). Prince also declared that GOP lawmakers’ reckless overspending will trigger a brutal primary season, as fed-up conservative voters hold them accountable at the ballot box. "It's disgusting,” Prince said when the topic of Congress failing to act on the DOGE cuts came up during an […]

California Launches Probe Into State Farm's Handling Of LA Wildfire Insurance Claims Authored by Kimberley Hayek via The Epoch Times, The California Department of Insurance (CDI) has launched an investigation into State Farm General’s handling of claims following the Eaton and Palisades Fires in January, California Insurance Commissioner Ricardo Lara said on June 12. Lara said that Californians should receive what they are owed from insurance companies without facing delays that can cause consumers to give up on filing a claim. The California Department of Insurance urged […]

Ray Dalio, who predicted the 2008 financial crisis, warns the U.S. faces something “worse than a recession” under President Trump’s economic policies. The Bridgewater Associates founder sees three major threats: chaotic tariffs (including 50% on Chinese and EU steel/aluminum), soaring debt levels, and rising tensions between global superpowers. He compares...

"Worst Case Outcome": Mali Places Barrick Gold's Loulo-Gounkoto Mine Into State Control A Malian court has ordered Barrick Gold Corp.’s Loulo-Gounkoto mine into six months of provisional administration, transferring control of one of the Canadian firm's key assets to a state-appointed manager. Judge Issa Aguibou Diallo said Soumana Makadji, an accountant and former health minister, will oversee operations, according to Bloomberg. The ruling follows months of tensions. In January, Barrick suspended operations after authorities blocked exports over a tax and royalty dispute. […]

U.S. Treasury bonds have traditionally been considered the safest investment during global crises, but recent events suggest this may be changing. When Israel attacked Iran on June 13, something unexpected happened: U.S. Treasury yields went up (indicating less demand) while government bonds from other countries, particularly in Asia and Australia,...

War Powers Resolutions Introduced In Congress To Prevent US War With Iran Authored by Dave DeCamp via AntiWar.com, Sen. Tim Kaine (D-VA) on Monday introduced a War Powers Resolution that would require a debate and a vote in Congress before the US enters Israel’s war against Iran with offensive support. “It is not in our national security interest to get into a war with Iran unless that war is absolutely necessary to defend the United States. I am deeply concerned that the recent escalation of hostilities between Israel and Iran could quickly pull the United States into […]

IRGC Claims Direct Missile Hit On Israel's Mossad Headquarters After a night of more Iranian ballistic missile attacks on Israel, in response to Tel Aviv leading a war of regime change targeting Tehran, social media images have featured Mossad headquarters near Tel Aviv with huge plumes of black smoke above it. Glilot military intel base appeared to be on fire after a ballistic missile reportedly struck it. Iran's elite Islamic Revolutionary Guard Corps is hailing the 'success' of the targeted attack. "This morning, the IRGC’s aerospace forces carried out a strike on the […]

'Fundamentally Flawed' New York Judge Blocks ICE Access To Rikers Island Over Alleged Adams Conflict Authored by Jonathan Turley, This week, New York Judge Mary Rosado issued an opinion in Council of City of N.Y. v. Adams. The court is blocking the city from allowing the federal government to maintain office space at Rikers Island. The reason is that Rosado agreed that Mayor Eric Adams had a conflict of interest and likely bargained away the access as part of a quid pro quo arrangement to get the Justice Department to drop criminal charges against him.  The opinion is […]

After a remarkable year that saw gold prices surge nearly 30% and hit record highs, Citigroup analysts are calling for a significant pullback in the precious metal. The bank forecasts gold will retreat from its current $3,388 per ounce to a range of $2,500-$2,700 by the second half of 2026....

JetBlue Cuts Flights, Parks Some Jets As Weak Travel Demand Deepens Profit Woes  JetBlue Airways CEO Joanna Geraghty told employees in an internal memo obtained by CNBC that the airline is implementing new cost-cutting measures as softer-than-expected travel demand makes achieving break-even margins increasingly unlikely this year.  "We're hopeful demand and bookings will rebound, but even a recovery won't fully offset the ground we've lost this year and our path back to profitability will take longer than we'd hoped. That means we're still relying on borrowed cash to keep […]

"We" Now Have Total Control Of Iran's Skies, Trump Demands "Unconditional Surrender" Update(1232ET): President Trump has very quickly followed up with even more bellicose and alarming statements directly threatening Iran, repeatedly using 'we' - as if the United States military is already directly involved in the ratcheting war. He said in the latest: We know exactly where the so-called “Supreme Leader” is hiding. He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now. But we don’t want missiles shot at civilians, or […]

For two decades, Mike Maloney has been waiting for this moment.  The bestselling author of The Great Gold and Silver Rush of the 21st Century believes gold has just entered the third and final stage of its massive bull market — the stage where it makes its greatest gains in...

FBI Gives Congress Intel On Alleged Chinese Plot To Create Fake Mail-In Ballots In 2020 Authored by John Solomon via Just the News, FBI Director Kash Patel on Monday evening turned over to Congress an intelligence report raising concerns that China had mass-produced fake U.S. driver's licenses to carry out a scheme to hijack the 2020 election with fake mail-in ballots for Democrat Joe Biden. The newly declassified intelligence reports from August 2020 weren’t corroborated or fully investigated and instead were recalled from intelligence agencies at about the time that […]

First View: Oil Tanker Erupts In Flames After Collision Near Strait Of Hormuz Update (0958ET): Unconfirmed video circulating on X shows the crude oil tanker Adalynn fully engulfed in flames following a high-impact collision with the tanker Front Eagle. The footage suggests Front Eagle struck the Adalynn on the port quarter, resulting in a substantial breach to the hull and subsequent fire aboard the vessel. ⚠️ Harrowing images of dark fleet tanker ADALYNN (IMO #9231767) post collision. pic.twitter.com/Y1FUBNNtis — Ed Finley–Richardson (@ed_fin) June 17, 2025 […]

The U.S. dollar weakened slightly on Tuesday, particularly against the Japanese yen, following the Bank of Japan’s decision to maintain current interest rates while planning to slow its balance sheet reduction in 2026. Meanwhile, ongoing tensions between Israel and Iran, now in their fifth day, continue to create uncertainty in...

Trump Swipes At Tulsi On Iran Nuke Contradictory Intel: 'I Don't Care What She Said' President Trump while on his way back from the G7 summit in Canada, which he cut short due to the Middle East situation, said to reporters aboard Air Force One Tuesday morning that he wants "a real end" to Iran's nuclear problem. He expressed his assumption that Iran is "very close" to having nuclear weapons. He asserted this means nothing less than Tehran "giving up entirely" its enrichment activities. "I didn't say I was looking for a ceasefire," he said. This was in follow-up to a scathing […]

2 Chinese Nationals To Stay In Jail Facing Charge Of Smuggling Biological Material Authored by Frank Fang via The Epoch Times (emphasis ours), Two Chinese nationals accused of smuggling restricted biological materials into the United States will remain in custody after waiving their right to a hearing in separate court appearances in Detroit on June 13. (Left) Chinese scientist Yunqing Jian. (Right) Chinese scientist Chengxuan Han. Sanilac County Sheriff's Office via AP Han Chengxuan, a doctoral candidate from China’s Huazhong University of Science and Technology in central […]

Largest Russian Strikes In Months Hit Ukrainian Capital, Killing 15 & Wounding Over 100 Russia overnight unleashed one of its largest and sustained attacks on the Ukrainian capital of Kyiv in recent months, resulting in 15 people killed and over one hundred wounded. The assault, which lasted some ten hours, involved a coordinated barrage of drones, ballistic, and cruise missiles - and severely impacted residential areas, including a direct hit on a nine-story apartment building in the city's Solomyanskyi district. Via Al Jazeera Part of the building collapsed after being […]

Gold prices increased on Tuesday as tensions between Israel and Iran drove investors toward safe-haven assets. Spot gold rose 0.1% to $3,386.29 per ounce. The conflict has escalated to concerning levels, with Jordan’s King Abdullah warning of global threats. Meanwhile, investors are watching the Federal Reserve’s upcoming policy meeting on...

TV Networks Face Advertising Apocalypse After Trump Admin Mulls Pharma Restrictions Last week independent Senators Bernie Sanders (VT) and Angus King (ME) introduced legislation that would ban pharmaceutical companies from promoting prescription drugs directly to consumers - including through television, radio, print, digital platforms, and social media.  Today, Bloomberg reports that the Trump administration is now 'discussing policies that would make it harder and more expensive for pharmaceutical companies to advertise directly to patients.' Although the US is the […]

US Homebuilder Confidence Tumbles Near 13-Year-Lows Confidence among US homebuilders fell to the lowest level since December 2022 in June, with potential buyers deterred by high mortgage rates and anxiety about tariffs and the economy. A gauge of market conditions from the NAHB slipped 2 points to 32 this month (well below the 36 exp), back near 13 year lows... Source: Bloomberg All three of the overall index’s components declined, with a measure of present sales falling to the lowest level since 2012. Gauges of traffic of prospective buyers and expected sales over the […]

Senate Version Of 'Big Beautiful Bill' Sets Up Showdown With House Over Taxes, Medicaid And SALT Senate Republicans on Monday unveiled the final and most contentious component of President Trump’s sweeping legislative package, the “Big, Beautiful Bill.” The Finance Committee’s long-awaited text - covering tax policy, Medicaid, and energy provisions - sets the stage for difficult negotiations between the Senate and the narrowly Republican-controlled House. Senate Majority Leader John Thune (R-SD) next to Sen. John Barrasso (R-WY) center and Sen. Mike Crapo (R-ID) on June […]

Trump Says Trade Deal With Canada 'Achievable' Within Days Or Weeks Authored by Carolina Avendano & Noé Chartier via The Epoch Times (emphasis ours), BANFF, Alta.--As G7 leaders gather in Alberta for their annual summit, U.S. President Donald Trump signalled a trade deal with Canada could be reached in the coming days or weeks, provided both sides find common ground. President Donald Trump speaks during a meeting with Canada's Prime Minister Mark Carney on the sidelines of the G7 Summit, Monday, June 16, 2025, in Kananaskis, Canada. AP Photo/Mark Schiefelbein Trump made […]

BOJ Keeps Rates On Hold, Announces Tapering Of Taper The first central bank to announce its decision this week (ahead of the Fed and BOE), overnight the BoJ kept rates on hold at 0.5% as widely expected in a unanimous vote after a two-day policy meeting, and provided limited new guidance on their assessment of macro conditions or on the timing of further rates hikes, punting due to uncertainty over tariffs. The key tension in their outlook continues to be between domestic conditions on inflation and wage growth evolving as expected, and a still highly uncertain backdrop from US […]

US Industrial Production Drops In May As Capacity Utilization Sinks US Industrial Production fell 0.2% MoM in May - the second decline in the last three months. That print was weaker than expected from an upwardly revised April print and dragged the YoY change in production down to +0.6% YoY... Source: Bloomberg On the Manufacturing side, output rose 0.1% MoM, from a downwardly revised 0.5% decline in April Source: Bloomberg Interestingly, while auto retail sales dropped (as we detailed earlier), US auto production rose in May while Energy & Computer production […]

A World Gold Council survey of 73 central banks reveals a major shift in global reserve preferences. 76% of central banks expect to increase their gold holdings over the next five years, while nearly three-quarters anticipate reducing their dollar reserves. This trend reflects gold’s appeal as a crisis hedge and...

Here is a look at gold and silver roadmaps show much higher prices. The post Gold & Silver Roadmaps Show Much Higher Prices appeared first on King World News.

US Retail Sales Tumbled In May As Gas Prices Fell, Car-Buying Stalled BofA's omniscient analysts warning ahead of this morning's retail sales data from the US is simple: Brace! And after the small 0.1% MoM rise the prior month was revised to a 0.1% MoM decline, BofA was right again with Retail Sales tumbling 0.9% MoM in May - the biggest drop since March 2023... Source: Bloomberg The big driver of downside was a drop in Gasoline Station sales - which makes some sense as gas prices have tumbled - and an even bigger drop in Auto Sales (as the tariff front running surge […]

Futures Slide, Oil Rises As Mideast Tensions Build US stock futures and global markets are broadly lower on escalation/contagion worries in the Middle East after Trump called for the evacuation of Tehran and cut short his G-7 visit, and yet, as BBG notes, traders don’t seem too perturbed, with futures remaining solidly above last week’s lows, when the conflict between Israel and Iran started. As of  8:00am, S&P 500 futures fell 0.6% at 5:25 am in New York, with Nasdaq 100 contracts -0.6% as all Mag7/Semis are weaker. In main overnight news, Trump left the G-7 in […]

Green Energy Stocks Puke As Senate Bill Targets Early End To Tax Credits Solar and renewable energy stocks crashed in premarket trading after Senate Republicans unveiled a draft of a bill that would end wind and solar tax credits by 2028, while providing incentives for other energy sources like nuclear, hydropower, and geothermal (which would extend to 2036). According to Reuters, the draft tax bill released by Senate Finance Committee Chair Mike Crapo (R-Idaho) proposes an accelerated phaseout of clean energy subsidies established under the Biden-Harris regime's 2022 […]

Only Bitcoin & Gold Can Stop Governments From Destroying The Currency Authored by Daniel Lacalle, Allow me to remind you of a few uncomfortable truths. Government spending is out of control in developed nations. Furthermore, no interventionist government wants to cut spending or balance the budget. Government spending empowers politicians, and reducing it means losing the grip on the economy. Interventionist governments aren’t concerned about debts, deficits, or inflation. Inflation is a deliberate policy, and interventionist governments seek to nationalize the economy […]

These Are America's Cheapest New Cars Finding a new car for under $20,000 is becoming increasingly difficult, with only 3 models below the threshold The average price of a new car in the U.S. is around $48,000 Car prices in the U.S. have increased significantly since the COVID-19 pandemic, squeezing budget-conscious buyers. In 2025, things are getting even tougher, with only three models starting below $20,000 when new. To help you find your next vehicle, Visual Capitalist's Marcus Lu has highlighted America’s cheapest new cars that are available today. Data & […]

JPMorgan’s strategy team, led by Fabio Bassi, expects a challenging second half of 2025 as markets navigate between conflicting forces. On one hand, the U.S. economy faces headwinds from trade policies and a shift away from earlier “exceptionalism” themes toward recession concerns. On the other, underlying economic fundamentals remain solid...

Silver maintained its position near $36.40 per ounce on Monday, marking the highest price point in 13 years. The rally is driven by three key factors: surging industrial demand from solar panels and electronics, a fifth consecutive year of supply deficits, and increased safe-haven buying due to the Israel-Iran conflict....

Gold has overtaken the euro to become the world’s second-largest reserve asset after the US dollar, according to a new ECB report. This shift reflects gold’s 60% price surge over the past two years and massive central bank buying, with over 1,000 tonnes purchased in 2024 alone—double the previous decade’s...

If you are wondering why the price of gold is remaining so well bid, it appears the eurozone doesn't have the gold to meet their 100:1 leveraged gold derivatives contracts, and the second problem is they don't have the money to cover the positions either. The post Eurozone Doesn’t Have The Gold To Meet Their 100:1 Leveraged Gold Derivatives Contracts appeared first on King World News.

Gold prices have surged 30% in 2025, reaching $3,500/oz in April amid trade uncertainty and geopolitical tensions. J.P. Morgan analysts predict gold will average $3,675/oz by late 2025 and approach $4,000/oz by mid-2026. The precious metal broke through $2,900/oz for the first time in February 2025, driven by U.S. tariff...

The European Central Bank’s Vice President Luis de Guindos expressed confidence about the eurozone’s economic outlook despite challenges from U.S. tariffs and a strengthening euro. He downplayed concerns about inflation falling too low, noting that tight labor markets and steady wage growth around 3% will help maintain inflation near the...

Asia has become the epicenter of global gold demand, accounting for 70% of annual consumer gold consumption. Led by China and India, which together represent over half of world gold demand, Asian markets are modernizing rapidly through digital platforms, institutional products, and innovative investment channels. Beyond cultural significance, gold is...

Two men have been sentenced to prison for stealing an 18-carat gold toilet worth $6 million from Blenheim Palace in 2019. James Sheen, the mastermind, received four years in prison, while Michael Jones got 27 months. The artwork, titled “America” by Italian artist Maurizio Cattelan, was stolen in a five-minute...

U.S. Treasury yields rose slightly on Monday as markets reacted to escalating tensions between Israel and Iran. The 10-year Treasury yield increased to 4.43%, while the 2-year yield reached 3.969%. The conflict, which included Israeli strikes on Iranian targets and an attack on Iran’s South Pars gas field, pushed oil...

Gold prices pulled back on Monday as investors took profits after a significant rally driven by Middle East tensions. The precious metal had reached near two-month highs following Israeli strikes on Iranian territory and Iran’s missile response targeting Israeli sites. Despite Monday’s 0.5-0.7% decline, analysts note that gold remains above...

Gold retreated from earlier gains on Monday, settling around $3,415 per ounce—approximately $80 below its April record high. The Israel-Iran conflict, now in its fourth day with continued missile and drone exchanges, initially boosted gold prices but wasn’t enough to sustain the momentum. Last week saw a 3.7% increase in...

It appears that gold has taken the place of the US dollar as the world's safe haven. The post GOING FOR THE GOLD: Safe Haven Is Gold, Not US Dollar appeared first on King World News.

Today Gerald Celente, the top trends forecaster in the world, warned King World News that the escalating Israel-Iran War may lead to nuclear annihilation.  The post Celente Just Warned Escalating Israel-Iran War May Lead To Nuclear Annihilation appeared first on King World News.

Central banks worldwide have pushed gold to become the second-largest reserve asset after the US dollar, surpassing the euro for the first time. Gold now represents 20% of global reserves versus the euro’s 16%, following record purchases of over 1,000 tons annually since 2022—double the previous buying pace. This shift...

After a wild week of trading in global markets, gold is poised to explode higher, but look at silver. The post Gold Is Poised To Explode Higher, But Look At Silver appeared first on King World News.

At a White House briefing Thursday, President Donald Trump stated he would not fire Federal Reserve Chair Jerome Powell, despite his ongoing criticism of the Fed’s interest rate policies. Trump expressed frustration with the lack of rate cuts and suggested he “may have to force something” to achieve lower rates,...

Goldman Sachs has reduced its 12-month U.S. recession probability forecast to 30%, down from 35%, citing decreased uncertainty around President Trump’s tariff policies. The adjustment follows a new trade framework between the U.S. and China that helped calm investor concerns after April’s “Liberation Day” tariffs had disrupted global markets. Key...

The London Fix Price stands as one of the most influential benchmarks in the global precious metals market, setting daily reference prices that ripple through the entire bullion industry. From major institutional traders to individual investors, this century-old pricing mechanism affects how gold and silver are valued worldwide, directly impacting...

With the price of gold surging closer to all-time highs, here is the chart of the day. The post GOLD: Chart Of The Day appeared first on King World News.

The US dollar breakdown has gold surging $60. Plus a look at bulls and bears and more "transitory inflation." The post US Dollar Breakdown Has Gold Surging $60. Plus A Look At Bulls & Bears And More “Transitory Inflation” appeared first on King World News.

Gold futures surge back above $3,400 but look at this... The post Gold Futures Surge Back Above $3,400 But Look At This… appeared first on King World News.

Take a look at what is happening with silver and silver mining stocks. The post Look At What Is Happening With Silver And Silver Mining Stocks appeared first on King World News.