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Special Counsel Rejects Hunter Biden's Pardon, Files Scathing Rebuke In Court Case Last night Hunter Biden's lawyers filed a motion to dismiss his California tax fraud case after Joe Biden issued a blanket pardon absolving him of all crimes committed over a 10 year period. "The President’s pardon moots Mr. Biden’s pending and yet to occur sentencing and entry of judgment in this case and requires an automatic dismissal of the Indictment with prejudice," wrote Hunter's lawyer Abbe Lowell in the filing, adding that "this Court must dismiss the Indictment against Mr. Biden […]

"They Must Be Eating Xanax Like Tic-Tacs..." - The Blob Has A Migraine Authored by James Howard Kunstler, "It's a beautiful thing to watch the Biden family destroy the Democrat Party." - @Mazemoore on "X" You can be sure the blobists have seen this coming from years away. The boys and girls in the agencies have behaved more than just a little badly, and they know it. They committed serious crimes against our country and its citizens under color-of-law since 2015, ranging from seditious conspiracy clear up to treason (say, just for instance, the case of Col. Alexander […]

"Cold Weather Fails To Persist" Across Lower 48 Could Stall NatGas Rally Goldman's Thomas Evans distributed a note to clients this morning highlighting that the latest weather models show the Arctic cold blast, in place last week, is "failing to persist" across portions of the Lower 48, which could potentially cap the recent natural gas price rally.  "A feature of winter weather in recent years has been an inability to persist cold patterns for two weeks at a time. This looks to continue with this upcoming cool stretch giving way to broad warmth returning across East and […]

Yes, Mexico Knows Exactly What It Is Doing Authored by Victor Davis Hanson via American Greatness, President-elect Donald Trump recently had a “talk” with newly elected Mexican President Claudia Sheinbaum about the millions who have crossed through Mexico to enter the U.S. illegally. Afterwards, Trump reported that their conversation went well, and supposedly both had agreed to secure the U.S. border. But given long-standing, de facto Mexican policy to rely on and profit from an open U.S. border, it was not long afterwards that Sheinbaum claimed she had not been so […]

The Democratic Diaspora: Liberals Seek Safe Spaces After Democracy Prevailed In 2024 Authored by Jonathan Turley, Democrats who campaigned on the need for “joy” and “saving democracy” are strikingly unjoyful about the results of the democratic process in 2024. Before the election, slips like the one of President Joe Biden calling Trump supporters “garbage” were immediately denied or deflected. But once voters had given the Republicans control of both houses of Congress, the popular vote and the White House, leading Democratic figures and celebrities dropped […]

Trump Warns Hamas Of "Hell To Pay" If Hostages Aren't Freed Before Inauguration It's no secret that President-elect Donald Trump is firmly in support of Israel, despite that after a year of Israeli war in Gaza the civilian death toll is in the multiple tens of thousands. Trump has stacked key national security positions with pro-Israel hawks.  This is why it comes as no surprise that he's already talking tough, threatening escalation if Hamas and Palestinian militants in Gaza don't immediately free the remaining Israeli hostages. "Everybody is talking about the hostages who are […]

If Cash Is King, Is The King Dying? Authored by Gregory Copley via The Epoch Times, Much of the world is at a pivotal stage in the future of money. If the physical symbolism of cash is removed or diminished, so too is individual freedom and much of the inspiration for entrepreneurship. Proposals to make cash entirely digital gives a new meaning to governments as “controllers of the currency”; it makes them controllers of the lives of individuals. Economists, politicians, and the avaricious tend to think that cold, hard cash - the physical kind - merely gets in the way of […]

US Bitcoin Reserve Is Possible, But Not Without Downsides Authored by Stephen Katte via CoinTelegraph.com, During his 2024 election campaign, United States President-elect Donald Trump made many crypto-related promises, including establishing a “strategic Bitcoin stockpile.” The idea has since picked up steam both in the United States and abroad.  While there has been plenty of talk, a clear roadmap and timeline for the implementation of a Bitcoin strategic reserve haven’t been hashed out by lawmakers yet.  Speaking to Cointelegraph, Tim Ogilive, global head of […]

US Warships "Successfully" Combat Missile Attack On Merchant Vessels In Critical Maritime Chokepoint The US Central Command (CENTCOM) released a statement late Sunday night detailing how two US Navy destroyers intercepted missiles and drones targeting three US merchant vessels in the Gulf of Aden near the Bab al-Mandab Strait, one of the world's most critical maritime chokepoints. According to CENTCOM, two Arleigh Burke-class guided-missile destroyers, USS Stockdale (DDG 106) and USS O'Kane (DDG 77), successfully neutralized ran-backed Houthi-launched missiles and kamikaze […]

Dem Strategist Wakes Up: We Need To Stop Being "The Party Of Wokeness And Moral Condescension" Authored by Steve Watson via Modernity.news, A leading Democratic strategist has slammed the Party for pandering to radical leftists and alienating regular Americans. Julian Epstein said during a FOX News interview, “there is a deeper cultural problem with the left and with the Democratic Party.” “It’s a party of wokeness and it’s a party of moral condescension,” he further explained. “Your previous segment where you’re talking about immigration, what the left has […]

Take a look at some of the wild trading taking place in global markets. The post Look At Some Of The Wild Trading Taking Place In Global Markets appeared first on King World News.

Sullivan Touts 'Massive Surge' In Arms To Ukraine With 50 Days Left In Biden's Term National Security Adviser Jake Sullivan took to the Sunday news shows where he boasted that the White House is surging as many weapons as possible to Ukraine in the final days of the Biden administration. He explained to ABC News that with just 50 days left in Biden's term, the White House is busy trying to "get Ukraine all the tools we possibly can to strengthen their position on the battlefield." "President Biden directed me to oversee a massive surge in the military equipment that we are […]

Oil Producers Block Binding UN Treaty To Curb Plastics Authored by Tsvetana Paraskova via OilPrice.com, A small group of major oil-producing countries, including the leaders of the OPEC+ alliance – Saudi Arabia and Russia – have blocked a United Nations-backed summit from agreeing on a binding treaty to put limits on the production and use of plastics. To address plastics pollution, the UN convened a summit in Busan, South Korea, where delegates have been discussing the idea of a plastics treaty since November 25. The UN has said that the talks would be “essential” […]

Syrian & Russian Forces Step Up Air Raids, Slowing Jihadist Advance Russian President Vladimir Putin on Monday spoke by phone with his Iranian counterpart Masoud Pezeshkian in talks that focused on the crisis in Syria, at a moment that Turkey-backed jihadists have threatened the central Syrian city of Hama after their shock capture of Aleppo. "Attention was focused on the escalating situation in the Syrian Arab Republic. The major aggression of terrorist groups and gangs is views as aimed at undermining the sovereignty, political, social and economic stability of the Syrian […]

Rabobank: Biden's Pardon Risks Further Erosion Of Confidence In The US Government By Benjamin Picton, Senior Macro Strategist at Rabobank Pardon? US stocks rose in shortened trading on Friday, with both the Dow and the S&P500 closing at fresh record highs. Consequently, November marked the best month of the year for the S&P500 as the index finished 5.73% higher, beating February’s 5.17% rise into the silver medal position. European stocks also rose with the CAC40 up 0.78% and the German DAX up 1.03%. Confidence in Europe was buoyed slightly by a commitment from […]

Great Thanksgiving Pilgrimage: Sunday Was "Busiest Day Ever For TSA" US airlines are trading slightly higher in the early cash session after new Transportation Security Administration (TSA) checkpoint data revealed that Sunday marked the "busiest day ever" at airports nationwide. Traffic from Reagan National Airport is backed way up onto Rt. 1 as we are in one of the busiest periods of the busiest air travel day for Thanksgiving. I took my own reporter advice & dropped someone off at Crystal City Metro- riding one stop was his only way to make his flight. […]

Trump's Threats Against BRICS Are Based On False Premises Authored by Andrew Korybko via Substack, Putin doesn’t hate the dollar and actually wants Russia to once again be able to use it with its partners for reasons of convenience, but it was the US that forced his country to de-dollarize and pioneer alternative financial instruments out of necessity. Trump threatened over the weekend to impose 100% tariffs on those BRICS members that either help create a new BRICS currency or back any replacements to the dollar. This was in response to reports over the past year of […]

"Corrupt To The Core": Dems In Disarray Over Hunter Pardon As 'Rule Of Law' Narrative Implodes Absolute chaos has broken out on the left following Joe Biden's blanket pardon of his son Hunter - which spans the period right before Hunter joined the board of Ukrainian energy giant Burisma (for $1M/year), through yesterday evening. It was also revealed that months of denying this would happen were pure lies, as the pardon had been in the works for months. In short, it couldn't be any more obvious that Hunter was simply the Biden family bag-man. As X user @therealZNO notes: In […]

Gold prices rose on Friday due to a weaker dollar and geopolitical tensions, but are still set for their largest monthly decline since September 2023. The 3% drop in November is attributed to Donald Trump's election victory, which sparked a dollar rally and expectations of higher interest rates. Despite Friday's gains, gold remains on track for a 2% weekly fall, with investors now eyeing upcoming U.S. economic data for clues on future Fed rate decisions.

"No Way Out" - French Credit Risk Spikes After Le Pen Confirms Backing Of 'No Confidence' Vote Update (1015ET): French credit risk surged after Le Pen's opposition party National Rally confirmed it will back a no-confidence motion brought by the Left's Manot (who confirmed he will do so on national TV), after PM Barnier used article 49.3 to push through a spending bill that crossed too many red lines. “There is no way out for a government that reconnects with the thread of Macronism, which refuses to take into account the social emergency at the end of the month and which […]

Trump Victory Sparks Renewed Optimism In Manufacturing Surveys While Services surveys are soaring, Manufacturing continues to stagnate (below 50) despite a serial improvement in US Macro 'hard' data. However, November saw a post-Trump resurgence in confidence with S&P Global's Manufacturing PMI rising to 49.7 (highest since June) and ISM's Manufacturing PMI jumped from 46.5 to 48.4... Source: Bloomberg While both of the surveys rose notably, they do both remain in contraction (sub-50). One more silver lining is that while new orders rose, prices actually fell (for […]

Key Events This Week: Payrolls, Powell, PMIs And More As we start a new month, it is set to be a busier week after the lull of Thanksgiving, with a lot of focus on various important US employment data culminating in payrolls on Friday, a number that could influence the fairly tight December 18th Fed decision. As DB's Jim Reid notes, the US ISM indices (today and Wednesday), some global PMIs, and the University of Michigan's consumer survey (Friday) are also due with inflation expectations within the survey fascinating after last month saw the joint highest (3.2%) for the 5-10yr […]

French Prime Minister Michel Barnier invoked Article 49.3 to push through a controversial budget bill without parliamentary approval. This move allows the social security bill to pass but exposes Barnier's government to potential no-confidence votes, which could lead to its dissolution within days.

The Federal Reserve, under Jerome Powell's leadership, is shifting from its expansive role during recent crises to a more traditional focus on interest rates and inflation control. This transition marks a return to "plain vanilla" central banking, potentially making monetary policy less dramatic but more stable. The change comes as the economy stabilizes and inflation shows signs of control, possibly reducing the Fed's prominence in economic policymaking.

Romanian Officials Want Election "Redo" - Claim Russian Interference After Right Wing Candidate Win When the will of the public starts to work against the designs of the progressive establishment, they lie and they cheat, and they believe they are justified in this behavior because to cheat is a "lesser evil" compared to the rise of right wing movements.  Conservatives, in their minds, are the ultimate evil. This is how we get fabricated scandals like Russiagate and the Steele Dossier; an accusation driven circus designed to prove Russian interference led to the surprise win by […]

Ferrari's Commitment To 'Diversity And Inclusivity' Called Out For Supreme Hypocrisy Authored by Paul Joseph Watson via Modernity.news, People responded to Ferrari bragging about its commitment to ‘diversity and inclusivity’ by pointing out that the luxury car manufacturer forces customers to pass a ‘social status’ background check just to be able to buy a Ferrari. Awkward. In the wake of the Jaguar farce, when the heritage brand launched a new commercial featuring androgynous models, thereby alienating their core customer base, Ferrari appears to have said, “Hold […]

As December trading began, gold and silver prices experienced downward pressure due to a strengthening U.S. dollar and rising Treasury yields. Gold futures fell 0.6% to $2,663.30 an ounce, while silver futures declined by a similar percentage. The dollar's rise, influenced by potential trade tensions and robust U.S. economic performance, is making dollar-denominated commodities more expensive for foreign buyers. Market focus remains on upcoming economic data that could influence the Federal Reserve's interest rate decisions and, consequently, precious metal prices.

SMCI Soars After Special Committee Finds 'No Evidence Of Misconduct'; Fires CFO Super Micro Computer said an external review of its business found no evidence of wrongdoing and that the company will appoint new top financial leadership. The company is looking for a new chief financial officer, chief compliance officer and general counsel, it said in a statement Monday. On November 5, 2024, the Company announced that the Special Committee’s investigation preliminarily found that the Audit Committee had acted independently and that there was no evidence of fraud or misconduct […]

Intel CEO Pet Gelsinger Retires, Stocks Jumps Back in April, when Intel stock was in freefall and yet still about 50% higher than where it is today, we said that it was time for the company's well-meaning if absolutely clueless CEO, Pat Gelsinger, to resign. Pat Gelsinger, it's time pic.twitter.com/I421ZwSV9c — zerohedge (@zerohedge) April 25, 2024 A few months later we followed up with an appeal that was pretty clear: *INTEL SUSPENDING DIVIDEND STARTING 4Q 2024 *INTEL ANNOUNCES $10B COST REDUCTION PLAN Someone. Fire. Gelsinger. — zerohedge (@zerohedge) August 1, 2024 If […]

Musk Pushes Again To Block OpenAI's "Illegal" Conversion To For-Profit Model Authored by Brayden Lindrea via CoinTelegraph.com, Elon Musk filed another motion to block ChatGPT-creator OpenAI from converting to a for-profit enterprise, while also alleging that it has been engaging in anti-competitive practices. Musk accused OpenAI, its CEO Sam Altman, president Greg Brockman and stakeholder Microsoft of violating terms of Musk’s “foundational contributions to the charity,” according to his motion for a preliminary injunction filed on Nov. 30. Musk co-founded OpenAI in […]

Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, warned King World News that all hell is going to break loose when the stock market begins to plunge. The post Michael Oliver – All Hell Is Going To Break Loose When The Stock Market Begins To Plunge appeared first on King World News.

Consumer prices keep climbing, but gold tells a different story. See the 30-year trend that smart investors are watching.

Gold futures have surged back toward the $2,700 level, but take a look at this shocker. The post Gold Surges Back Toward $2,700 Level, But Take A Look At This Shocker appeared first on King World News.

As inflation continues to impact household budgets, US consumers are adopting extreme measures to save money during the 2024 holiday season. Shoppers are drastically cutting gift budgets, seeking out secondhand items, and starting their holiday shopping months in advance to secure the best deals. With holiday sales growth expected to slow, retailers face increased pressure as consumers prioritize essentials over discretionary spending.

Wall Street macro traders are facing their worst year since the pandemic, with revenues from foreign exchange and rates trading expected to drop significantly. Over 250 major financial institutions are projected to see a 17% decline in rates trading revenue and a 9% decrease in currency trading revenue compared to last year. This downturn is attributed to tighter margins, reduced investor confidence, and a challenging macroeconomic environment.

Gold premiums in India remained steady as price fluctuations stabilized demand. Strong demand early in the week due to lower prices was offset by a later price increase. The onset of the wedding season is expected to improve demand, while China has issued import quotas to manage gold flows.

Despite a minor increase in Eurozone inflation to 2.3% in November, the European Central Bank is still anticipated to reduce interest rates. This decision is influenced by ongoing worries about sluggish economic growth and the potential impact of new U.S. tariffs under the incoming Trump administration.

Wall Street analysts are revising their expectations for Federal Reserve interest rate cuts in 2025. While the Fed is expected to cut rates for the fourth time this year in December, economists predict a slower pace of cuts next year. Persistent inflation and solid economic growth have led to doubts about rapid rate reductions. Markets now project about two cuts in 2025, down from the Fed's earlier projection of four. Economists generally agree that the current federal funds rate is restrictive, but the extent of future cuts remains uncertain without significant improvement in inflation data.

Join us in today’s revealing update as we celebrate the things that we are grateful for. Happy Thanksgiving to everyone...

This is why people in the US should not expect more Fed rate cuts anytime soon. The post STUNNING: Don’t Expect Any More Fed Rate Cuts Anytime Soon appeared first on King World News.

Even with the Dow hitting all-time highs, look at why so many Americans are worried so much about retirement. The post Look At Why So Many Americans Are Worried About Retirement appeared first on King World News.

Despite a 6% decrease in turkey prices, Americans are cutting back on Thanksgiving feasts due to ongoing concerns about food costs. Turkey production has fallen to its lowest level since 1985, yet prices are still dropping due to lackluster demand. Retailers are limiting purchases to reduce exposure, while consumers are opting for smaller quantities of turkey meat instead of whole birds.

Coffee prices have surged to their highest levels since 1977, with Arabica futures climbing to $3.17 per pound. This dramatic increase is primarily due to supply disruptions in major coffee-producing countries, particularly Brazil and Vietnam. A severe drought in Brazil earlier this year has raised concerns about the country's coffee output, while Vietnam has faced both drought during the growing season and heavy rains at the start of harvest. These supply issues are expected to impact consumers, with companies like Nestle already planning to raise prices and reduce package sizes.

In Q3 2024, the US economy expanded at a healthy 2.8% annual pace, maintaining its momentum from previous quarters. Consumer spending, which accounts for about 70% of economic activity, accelerated to 3.5%, while exports surged by 7.5%. Although business investment slowed, particularly in real estate, equipment spending increased significantly. This steady growth pattern has persisted for most of the past two years, demonstrating the economy's durability.

Gold prices climbed as the US dollar weakened, with investors awaiting key economic data that could influence the Federal Reserve's interest rate decisions. Spot gold rose 0.8% to $2,653.20 per ounce, recovering from earlier losses triggered by easing geopolitical tensions in the Middle East. Traders are focusing on upcoming US economic indicators, including the PCE inflation data, which may provide insights into the Fed's monetary policy direction.

For King World News readers around the globe, do not be afraid of the recent volatility because the price of gold is headed violently higher. Take a look... The post DO NOT FEAR: The Price Of Gold Is Headed Violently Higher appeared first on King World News.

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals communicated to King World News that the price of gold will hit levels people cannot even imagine today. The post Greyerz Says Gold Price To Soar Thousands Of Dollars Higher appeared first on King World News.

Dive into the most eye-opening charts you’ll ever see as we uncover the hidden truths about the monetary system’s influence on prosperity.

Morgan Stanley forecasts gold prices to stabilize around $2,700/oz in Q1 2025, following a recent rally to record highs. While strong physical demand and rate cut expectations drove prices up, signs of weakening demand and macroeconomic uncertainties may limit further gains. Central bank purchases and ETF flows remain supportive, but slowing physical demand and increased supply could cap gold's upside potential.

President-elect Donald Trump has announced plans to impose a 10% tariff on Chinese goods, citing China's alleged failure to curb drug trafficking into the US. This move could potentially reignite trade tensions between the world's two largest economies. China has responded by defending its counter-narcotics efforts and calling for cooperation, while experts speculate on how President Xi Jinping will navigate this early challenge from the incoming Trump administration.

Mexican President Claudia Sheinbaum announced plans to send a letter to U.S. President-elect Donald Trump, urging for dialogue in response to his proposed 25% tariffs on Mexico and Canada. She warned that such tariffs would lead to inflation and job losses in both countries, potentially violating the USMCA agreement. Sheinbaum emphasized Mexico's efforts in combating drug trafficking and reducing migrant arrivals, while highlighting the need for cooperation on shared issues like illegal arms trade from the U.S. The Mexican peso fell by 1.3% following the announcement.

Oil prices rebounded slightly after a sharp decline, as traders grappled with President-elect Trump's tariff threats and potential progress on an Israel-Hezbollah ceasefire. Brent crude edged above $73 per barrel, recovering from earlier losses triggered by a strengthening dollar. The market remains cautious, balancing geopolitical risks against expectations of oversupply in the coming year.

Today the gold and silver markets saw some wild trading with gold futures tumbling nearly $90 and silver futures heading $1 lower, but take a look at this... The post Wild Trading In Gold & Silver, But Take A Look At This… appeared first on King World News.

Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that investors need to remain focused on gold's big picture during this volatility. The post Michael Oliver – Gold Plunges $93 But This Is Key For Gold Watchers appeared first on King World News.

The appointment of Scott Bessent as Treasury Secretary is being welcomed by investors who anticipate he will moderate some of Trump's more extreme economic measures. This sentiment has fueled gains in US Treasuries and stocks, while the dollar has weakened. Bessent is expected to favor a cautious implementation of trade restrictions and focus on fiscal responsibility, which has provided a sense of relief to the financial markets.

Warren Buffett, the iconic investor and chairman of Berkshire Hathaway, has announced plans to donate 99.5% of his $149.7 billion fortune to charity upon his death. This wealth will be managed by a trust overseen by his children, Susie, Howard, and Peter Buffett, with designated successors if needed. Buffett has already donated over $58 billion since 2006, including another $1.14 billion in Berkshire stock to family foundations. His children will have a decade after his passing to distribute the remaining wealth for philanthropic purposes, continuing Buffett's legacy of generosity.

The post-election rally in stock markets, driven by expectations of pro-business policies under President-elect Donald Trump, is likely to elevate the Federal Reserve's favored inflation measure. This increase in stock prices affects the PCE price index by raising costs in portfolio management services, a critical component influencing Fed policy. As a result, the Fed may need to maintain a hawkish stance on interest rates unless there is a significant market correction.

The United States and Europe are set to diverge significantly in their monetary policies next year. The Federal Reserve plans to reduce interest rates less aggressively than the European Central Bank (ECB) due to higher growth and inflation projections in the U.S. Meanwhile, the ECB is expected to respond more forcefully to Europe's sluggish growth and low inflation. Donald Trump's proposed tax cuts and tariffs are anticipated to keep U.S. inflation above 2%, while Eurozone inflation may fall below the ECB's target. This divergence highlights concerns about the Eurozone's economic […]

The price of gold fell 1% on Monday as investors took profits after a five-session rally, reaching a three-week high. The decline was further influenced by the appointment of Scott Bessent as the new U.S. Treasury Secretary, which eased market concerns about trade wars, reducing the demand for gold as a safe-haven asset. Additionally, market participants are closely watching the upcoming Federal Reserve's November FOMC meeting minutes, GDP data, and core PCE figures, with a 56% chance of a 25 basis point rate cut expected in December.

Gold prices fell as traders reacted to Donald Trump's nomination of Scott Bessent as Treasury Secretary and anticipated the Federal Reserve's upcoming interest rate decision. Despite a weaker US dollar, which typically supports gold, bullion dropped nearly 2% after a significant rally last week driven by geopolitical tensions. The market views Bessent's nomination as a stabilizing factor for the economy, potentially reducing gold's appeal as an inflation hedge. Analysts suggest that profit-taking and Bessent's perceived moderate stance on trade may have contributed to the decline.

As we kickoff trading in the final week of November, investors should expect wild trading in the gold and silver markets as well as another upside surprise. The post BUCKLE UP: Expect Wild Trading In Gold & Silver appeared first on King World News.

A massive discovery of 330 tons of gold in China's Hunan province could now reshape the metals market...

Goldman Sachs expert Samantha Dart attributes the surge in gold prices to central bank purchases, forecasting a rise to $3,000 per ounce by late 2025. Dart points to central bank acquisitions as the primary driver behind gold's price increase highlighting the significant impact of institutional buying on the precious metals market.

Warren Buffett's Berkshire Hathaway has amassed a record $325 billion cash pile, sparking speculation about his market outlook. While some interpret this as a bearish signal, experts argue it's a normalized cash-to-assets ratio for Berkshire. Buffett's recent stock sales, including reducing positions in Apple and Bank of America, have contributed to this cash accumulation. The lack of attractive investment opportunities at current valuations and potential preparation for leadership transition may explain this strategy, rather than solely anticipating a market downturn

Recent economic data and proposed policies from the incoming Trump administration have prompted the Federal Reserve to adopt a more conservative stance on interest rate cuts. This change in outlook could lead to fewer reductions in 2025 than previously anticipated, potentially affecting mortgage rates, auto loans, and small business financing. The Fed now emphasizes a measured approach to rate decisions, citing the economy's current resilience.

As the Russia-Ukraine conflict escalates, gold and oil prices surge while the euro weakens. Gold rose 5.4% this week to $2,688 an ounce, and Brent crude gained 4.5% to $74.29 a barrel. The U.S. dollar reached a two-year high as poor economic data and rising European gas prices pressured the euro. Tensions heightened after Russia fired a hypersonic missile into Ukraine, responding to Western weapons support for Kyiv.

The British pound tumbled to its lowest level against the dollar since May, following weak economic data. November's business output shrank for the first time in over a year, while October's retail sales fell more than expected. This economic weakness may force the Bank of England to consider more aggressive rate cuts than previously anticipated.

Chicago Fed President Austan Goolsbee supports further interest rate cuts but suggests a slower pace may be appropriate. The Fed faces a debate on the speed and extent of rate reductions, with some officials concerned about stalled inflation progress and others worried about labor market cooling. Uncertainty surrounding President-elect Trump's policies adds complexity to the decision-making process. The upcoming December Fed meeting will be crucial in determining the next steps for monetary policy.

China has unearthed a massive gold deposit worth $83 billion in Hunan province. Geologists discovered over 40 gold veins containing 300 tonnes of gold within 2,000 meters depth at the Wangu gold field. This find could significantly boost China's gold production, which currently accounts for 10% of global output. The Hunan Academy of Geology predicts potential reserves exceeding 1,000 tonnes at depths beyond 3,000 meters.

Richmond Fed President Tom Barkin warns that the US economy is now more vulnerable to inflation shocks than in previous years. While expecting overall inflation to continue declining, Barkin notes that businesses are more readily passing costs to consumers. He expresses concern about potential inflationary impacts from proposed policies, including tariffs and immigration changes, under a potential Trump administration.

Gold prices continued their upward trend for the fourth consecutive day, driven by increased safe-haven demand amid disappointing tech earnings and ongoing geopolitical tensions. Spot gold rose 0.6% to $2,665.31 per ounce, with bullion up 4% for the week. Analysts attribute the surge more to falling stock markets following Nvidia's underwhelming forecast than to the Ukraine-Russia conflict.

UBS Global Wealth Management's chief investment officer, Themis Themistocleous, advises that gold is a more effective hedge than Bitcoin due to its lower volatility. Despite Bitcoin's recent rally, UBS cannot recommend it to private clients, citing its extreme price fluctuations. Themistocleous suggests that traditional hedges like gold offer better portfolio protection with less risk.

Archegos Capital Management's Bill Hwang awaits sentencing for orchestrating a massive fraud scheme that resulted in billions of dollars in losses for Wall Street banks. Convicted on 10 charges, including fraud and market manipulation, Hwang faces up to 21 years in prison as recommended by prosecutors. The case highlights the risks of excessive leverage and the need for greater oversight of opaque investment vehicles.

Bitcoin has surged to unprecedented levels following MicroStrategy's massive $4.6 billion purchase, pushing its total holdings beyond $30 billion. The company intends to raise $2.6 billion more for additional Bitcoin investments. The cryptocurrency hit $94,668, benefiting from post-election optimism and increased interest in Bitcoin ETF options, indicating market expectations of continued growth.

President-elect Trump intensifies his search for a Treasury secretary, scheduling interviews with Kevin Warsh and Marc Rowan. The expanded candidate pool, which includes Scott Bessent, aims to break the deadlock in selecting the nation's top economic policymaker. Senator Bill Hagerty, another potential cabinet contender, joined Trump for a SpaceX launch, highlighting the ongoing deliberations for key positions.

Economists predict a Federal Reserve rate cut in December, followed by a slower pace of reductions in 2025 than previously expected1. This shift is attributed to potential inflationary pressures from President-elect Trump's proposed policies, including tariffs and tax cuts. Despite strong economic indicators and stubborn inflation, most economists still anticipate a 25 basis point cut next month, though market expectations have become less certain.

Mike Maloney shares his optimism for the second half of this administration, thanks to the creation of the Department of Government Efficiency (DOGE).

A new report commissioned by the Silver Institute suggests that institutional investors should allocate 4-6% of their portfolios to silver for optimal diversification and risk reduction. The study, conducted by Oxford Economics, highlights silver's low correlation with other asset classes and its potential for strong returns, especially given its growing industrial applications in green technologies.

Switzerland, a global hub for gold refining, is grappling with calls for greater transparency in its gold trade. Despite a court setback, industry groups are pushing for more rigorous due diligence and disclosure of supplier information. The move aims to address concerns about human rights violations and environmental damage in gold mining while maintaining Switzerland's competitive edge in the sector.

The 30-year US Treasury yield reached its highest level since May, attracting buyers and supporting bond prices. Investors are reassessing economic expectations and Fed policy in light of Donald Trump's election victory. The high yields are providing a cushion for investors, while new corporate bond sales and uncertainty over Trump's Treasury secretary pick are influencing market dynamics.

State Street's 2024 Gold ETF Impact Study reveals a surge in gold investment, driven by economic uncertainty. Gold ETFs emerge as a preferred investment vehicle, with a majority of investors using gold for diversification and long-term gains. The study emphasizes the potential for growth in gold ETF adoption, particularly among younger investors.

Federal Reserve officials are taking a cautious approach to Donald Trump's potential policies, unlike in 2016 when they quickly adjusted forecasts based on expected fiscal changes. Chair Jerome Powell emphasizes waiting for concrete policy proposals before making economic projections, contrasting with the Fed's previous rapid response to Trump's election.

According to a model from the Cleveland Federal Reserve, rent inflation will likely remain high until at least mid-2026. Despite some indicators suggesting new rents are decreasing, the overall consumer price index (CPI) for rent is expected to stay elevated due to reduced turnover in leases. This situation complicates the Federal Reserve's efforts to communicate about inflation and may hinder their ability to cut interest rates, as rising shelter costs significantly impact inflation metrics.

HSBC is undergoing a major restructuring, with hundreds of managers competing to keep their jobs in the newly formed corporate and institutional banking division. The process involves interviews pitting senior staff from different units against each other, likely resulting in several hundred job cuts in the coming weeks.

President Joe Biden has approved Ukraine's use of US-made long-range missiles for limited strikes within Russian territory, marking a significant policy shift. This decision comes in response to the deployment of North Korean troops supporting Russia and recent Russian attacks on Ukrainian cities. The US-made ATACMS missiles, with a range of up to 300km, are likely to be used first against Russian and North Korean forces in Russia's Kursk region. This move has been met with criticism from Moscow, with Putin's spokesperson warning of an "appropriate" reaction. The decision comes just two […]

Gold prices bounced back on Monday after six consecutive sessions of losses, driven by a pause in the U.S. dollar's rally. Investors are now awaiting comments from Federal Reserve officials for insights into the future interest rate trajectory. The precious metal's price rose 1.3% to $2,593.32 per ounce, moving away from a two-month low reached last Thursday. This rebound comes after gold experienced its largest weekly decline in over three years due to expectations of less aggressive interest rate cuts by the Fed.

Gold retreats from record highs but fundamentals remain strong. Expert analysis of market dynamics and institutional forecasts...

President-elect Trump's tax cut dreams have received a significant boost following the Republican sweep of the presidency and Congress. This victory opens the door for a multi-pronged approach to reducing taxes, going beyond simply renewing the 2017 cuts. While Republicans now have the power to enact tax legislation unilaterally, they must navigate internal debates about the size of tax cuts and their impact on the national deficit.

While economists predict significant economic disruption from Trump's proposed tariffs, many business leaders are less concerned. CEOs and investors are skeptical that Trump will follow through on all his tariff threats and express confidence in their ability to navigate any new trade policies. This optimism stands in stark contrast to economists' dire predictions.

In recent remarks, Fed Chair Jerome Powell stressed that the robust U.S. economy provides flexibility in the timing of future rate cuts. He noted that the current economic conditions don't necessitate hasty rate reductions. Powell reaffirmed the Fed's commitment to bringing inflation down to 2%, acknowledging that the path may not always be smooth.

October's retail sales data showed a 0.4% increase, surpassing forecasts and indicating continued consumer spending strength. The report also revealed a substantial upward revision to September's sales, further highlighting the robust state of consumer spending.

The latest Consumer Price Index (CPI) report shows U.S. inflation rose to 2.6% year-over-year in October, up from 2.4% in September. This increase breaks the recent trend of cooling inflation. Monthly inflation remained steady at 0.2%, while core inflation measures held stable.

Dive into this insightful conversation with Mike Maloney and Alan Hibbard as they explore how the latest U.S. election might impact gold, silver

A new study suggests the IMF should sell 4% of its gold reserves to provide $9.52 billion in debt relief for 86 low-income countries affected by climate disasters. This would expand the IMF's Catastrophe Containment Relief Trust, which currently has limited funding and eligibility. The proposal aims to address the growing burden of IMF loan repayments on vulnerable economies.

Wall Street remained cautious on Thursday, with major indices showing slight declines. Investors focused on Federal Reserve Chair Jerome Powell's upcoming speech and the potential economic impact of Republican control in DC, while recent inflation data continued to fuel hopes for a December rate cut.

China has prepared robust countermeasures to retaliate against US companies if Donald Trump reignites a trade war upon his return to the presidency. Unlike in 2016, Beijing now has new laws and tools at its disposal, including the ability to blacklist foreign companies, impose sanctions, and restrict access to crucial supply chains. While China's economic vulnerabilities persist, it is better equipped to defend its interests in a potential trade conflict.

China's recent issuance of $2 billion in US dollar bonds in Saudi Arabia highlights the enduring appeal of the dollar in international finance, despite calls for de-dollarization. The move strengthens China-Saudi ties and provides benchmarks for Chinese companies, while also demonstrating the dollar's continued dominance in global markets.

UBS remains bullish on gold, advising investors to buy on dips around $2,600/oz with a $2,900/oz target over the next 12 months. The bank emphasizes gold's enduring value as a hedge against economic uncertainties and recommends a 5% allocation in balanced portfolios, citing factors such as central bank demand, potential US fiscal deficits, and ongoing geopolitical tensions as supportive of gold prices.

Gold prices are responding to a perfect storm of economic and political factors. The Fed's recent rate cut to 4.5%-4.75%, Trump's election victory, and China's economic stimulus measures are all influencing the precious metal's value. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss the latest news and events and how they impact the gold markets.

Bond market experts are adjusting their forecasts following Trump's presidential win, with concerns about inflation driving expectations for higher long-term Treasury yields. The 10-year Treasury yield has jumped since the election, as Trump's proposed policies could substantially increase U.S. debt. This development, alongside robust economic indicators, has led to a reassessment of the Federal Reserve's rate cut plans and market predictions for future monetary policy.

Federal Reserve Chair Jerome Powell maintains that long-term inflation expectations are "well anchored," but recent data and expert opinions suggest otherwise. Consumer expectations for inflation over the next 5-10 years have risen, and economists predict that President-elect Trump's policies may further boost inflation. Companies are already warning of price increases, and many Americans continue to feel the strain of high prices.

Gold prices have stabilized around $2,600 after finding support at a major trendline, halting a short-term downtrend. The recent US CPI data, which aligned with expectations, had minimal impact on gold prices. The precious metal's November sell-off was influenced by expectations of elevated US interest rates and significant outflows from Gold ETFs.

In this eye-opening discussion, Mike Maloney and Alan Hibbard dive deep into how the monetary system—not which party is in power—shapes our economic

The Federal Reserve may implement fewer interest rate cuts in 2025 than previously anticipated due to President-elect Donald Trump's proposed tariff policies. Former Fed policymaker Loretta Mester believes the market is correct in adjusting its expectations, as Trump's fiscal plans could impact the pace of rate cuts and potentially lead to higher inflation.

In the wake of Donald Trump's election win, U.S. Treasury yields experienced a significant uptick, reflecting market concerns about future inflation and interest rate trajectories. The 10-year and 2-year Treasury yields both rose by over 8 basis points, reaching 4.39% and 4.334% respectively. Investors are now closely monitoring upcoming economic data and Federal Reserve statements to gauge the potential long-term effects of Trump's proposed policies on the economy.

Russia's gold reserves have hit a historic milestone, surpassing $200 billion for the first time. In October, the country's gold holdings reached $207.7 billion, representing 32.9% of its total international reserves. This marks the highest proportion of gold in Russia's reserves since November 1999.

Gold prices have fallen to a seven-week low as the US dollar strengthens following Donald Trump's election victory. The precious metal has declined about 5.5% since the election, driven by a combination of factors including hedge fund position adjustments, shifting ETF flows, and technical selling. Despite this recent drop, gold remains up over 25% for the year, supported by Federal Reserve policies and geopolitical uncertainties.

The world's largest gold-backed ETF, SPDR Gold Shares (GLD), experienced its biggest weekly outflow in over two years following Donald Trump's election victory. Investors, who had previously sought safety in gold due to election uncertainty, sold their positions to book profits after the definitive outcome. The outflow exceeded $1 billion, while spot gold prices fell 1.9% and total gold ETF holdings declined for the second consecutive week.

The Bank of Japan (BOJ) is exercising caution regarding potential interest rate hikes, as revealed in the summary of opinions from its October policy meeting. Board members emphasized the need for careful consideration, citing market instability and the uncertain trajectory of the U.S. economy post-election. While economists anticipate a rate move by January, the BOJ's lack of clear signals for December or January leaves observers speculating about the timing of the next policy adjustment.

Persistent consumer anger over high prices is affecting governments in advanced economies, even as inflation rates return to normal levels. This lingering discontent stems from a significant surge in costs during the pandemic and post-pandemic period, which has left a lasting impact on consumer sentiment and voting behavior. The article highlights how this economic dissatisfaction has contributed to electoral defeats for incumbent parties in various countries, including the United States, and is expected to influence upcoming elections in other nations.

Fed cuts rates to 4.5%-4.75% as Powell prepares for potential clash with returning president over monetary policy.

On the day of Donald Trump's decisive victory in the presidential election, US equity funds experienced a massive influx of $20 billion, marking the largest single-day investment in five months. This surge in investment, particularly in small-cap stocks, coincided with US stocks reaching record highs and the S&P 500 Index heading for its biggest weekly advance in a year. While Trump's proposed corporate tax cuts are expected to boost earnings, concerns remain about potential inflationary effects of his tariffs and immigration policies.

Donald Trump's victory in the 2024 U.S. presidential election has caused significant volatility in the bond market. Initially, Treasury yields surged on expectations of higher economic growth and inflation under a Trump administration. However, as the week progressed, yields retreated as investors reassessed the potential timing and impact of Trump's proposed policies. The bond market's reaction highlights the uncertainty surrounding the new administration's economic agenda and its potential effects on inflation and interest rates

The Federal Reserve has cut interest rates for the second consecutive time, lowering the federal funds rate to 4.5%-4.75%. While this move aims to support economic growth, uncertainty looms due to Donald Trump's re-election and his proposed economic policies. Fed Chair Jerome Powell emphasized the central bank's independence, stating he would not resign if asked by Trump, setting the stage for potential tensions between the Fed and the incoming administration.

In his latest analysis, Mike Maharrey contends that the real winners of the 2024 election are gold and silver. He points out that despite changing administrations, trends of expanding government and rising debt persist. Maharrey emphasizes the strong performance of precious metals, with gold setting 39 all-time highs and both gold and silver outpacing major stock indices. He advocates for investing in these metals as a protective measure against economic instability and federal policy impacts.

Gold prices experienced a volatile week, ending with a decline as investors evaluated the Federal Reserve's interest rate decision and Donald Trump's election victory. The Fed's 25 basis point rate cut initially boosted gold, but uncertainty about future cuts and expectations of Trump's economic policies led to a strengthening dollar, putting pressure on the precious metal.

In this video, Mike Maloney and Allan Hibbard dive into the significance of cryptocurrencies and precious metals as “allies in freedom”

According to CME CEO, Terry Duffy, trading activity for gold has increased significantly following the recent election. This surge in trading volume suggests heightened investor interest and market volatility surrounding gold in response to the election outcome. The dramatic increase in gold trades likely reflects investors adjusting their portfolios and hedging strategies in light of potential policy changes and economic impacts stemming from the election results.

The Federal Reserve is expected to cut interest rates by a quarter percentage point on Thursday, following Donald Trump's election victory. This decision comes amid a changing economic landscape, as Trump's proposed policies on tariffs, taxes, and immigration could significantly impact growth and inflation. The Fed now faces the challenge of navigating these potential changes while maintaining its independence and managing inflation expectations.

Oil prices experienced a slight recovery following the U.S. presidential election, as traders weighed the potential impact of Donald Trump's victory on oil supply and demand. The market is balancing concerns over possible supply disruptions due to Trump's policies, particularly regarding Iran and Venezuela, against the strengthening U.S. dollar and rising inventories. Additionally, Hurricane Rafael in the Gulf of Mexico is contributing to supply concerns, temporarily halting some oil production in the region.

The Bank of England has cut interest rates to 4.75%, with expectations of gradual further reductions. However, the recent UK budget and Donald Trump's election victory are likely to increase inflationary pressures, potentially slowing the pace of future rate cuts. This marks a shift from the post-2008 era of deflation concerns to a higher interest rate environment, distinct from both the pre-2008 and post-2008 periods.

Donald Trump's victory in the US presidential election presents significant challenges for central banks worldwide. The unexpected outcome has left monetary officials unprepared, as they couldn't position themselves for a Republican triumph beforehand. Central banks will need to adapt quickly to the new political landscape, potentially facing pressure from Trump's policies on tariffs, immigration, and taxes. These changes could complicate efforts to manage inflation and maintain economic stability, particularly if Trump continues his past practice of criticizing the Federal Reserve.

The 10-year Treasury yield rose sharply to 4.461% after Donald Trump defeated Kamala Harris in the presidential election. This significant increase is attributed to market expectations of economic growth and increased government spending, particularly if Republicans secure a majority in Congress.

The US stock market and cryptocurrency prices surged to record highs following Donald Trump's victory in the 2024 presidential election. Investors reacted positively to the prospect of Republican policies, including lower taxes and deregulation. The Dow Jones Industrial Average jumped over 1,200 points, while Bitcoin reached a new all-time high above $75,000. Trump's win also boosted his own media company's stock by nearly 38%. However, some sectors like renewable energy saw declines, and analysts warn that Trump's policies could potentially reignite inflation.

Gold and copper prices plummeted following Donald Trump's decisive victory in the U.S. presidential election. The surge in the U.S. dollar, driven by Trump's win, put pressure on commodities as it made metals more expensive for buyers using other currencies. While the immediate market reaction was negative for precious metals, analysts suggest that Trump's presidency could eventually be bullish for gold due to potential geopolitical tensions and economic policies.

Gold prices fell following Donald Trump's decisive election victory, primarily due to a strengthening US dollar making bullion more expensive for many buyers. While the immediate impact was negative for gold, analysts predict a potentially bullish long-term outlook under Trump's presidency, citing factors such as inflationary pressures and potential trade tensions with China.

In this eye-opening video, we delve into why the monetary system matters more than which party holds the presidency.

US stocks advanced as voting commenced in a pivotal presidential election, which is expected to significantly influence future economic policies. The S&P 500 rose over 1%, buoyed by positive momentum in the broader market, with technology stocks like Nvidia and Tesla contributing to gains in the Nasdaq 100. Treasury yields increased following strong data indicating that the US services sector expanded at its fastest pace in over two years, with 10-year yields climbing to 4.34%. The dollar weakened during afternoon trading as investors adopted a cautious stance ahead of the election […]

Zimbabwe's gold-backed currency, the ZiG, has shown a rare positive performance against the US dollar, strengthening by 4% to 26.90 per dollar according to central bank data. This marks the second consecutive day of gains for the ZiG, which has struggled since its introduction in April. The currency's appreciation is attributed to tighter monetary policies implemented by the central bank, including devaluation, interest rate hikes, and increased reserve requirements. However, experts caution that sustaining this momentum may be challenging due to expected high dollar demand during the […]

Treasury yields climbed on Election Day, with the two-year yield hitting a multi-month high and the 10-year yield approaching a three-month peak. The increase was driven by strong US services sector data and anticipation of the Federal Reserve's interest rate decision. Market volatility indicators suggested investors were preparing for significant fluctuations in yields following the election results.

Copper prices have risen for the third consecutive day, driven by positive economic data from China and expectations of further stimulus measures. China's services sector showed strong growth, and recent factory indicators have been better than anticipated, suggesting that existing stimulus efforts may be yielding results. The market is anticipating additional economic support measures from the Chinese government, which could further boost copper demand.

As the US election gets underway and the Federal Reserve is expected to lower interest rates, gold prices hold steady just below their all-time high. Bullion has seen a significant surge of more than 30% in 2024, driven by factors such as anticipated rate cuts, central bank purchases, and geopolitical uncertainties. The close presidential race and possibility of a prolonged vote count may further support gold's appeal as a hedge against market instability.

Gold prices have experienced a minor pullback from recent all-time highs, primarily due to profit-taking by traders. The precious metal briefly touched $2,800 per ounce before retreating, with volatility driven by factors such as the upcoming U.S. election, economic uncertainty, and geopolitical tensions. Despite the short-term fluctuations, long-term investments continue to flow into gold, with ETFs seeing net inflows and central banks increasing their reserves. The market remains sensitive to economic indicators and potential policy shifts, with investors closely watching for signs of […]

The silver market is poised for a potential historic short squeeze due to a combination of factors, including decades of price suppression by major banks, a significant disparity between paper and physical silver, declining mine production, and increasing industrial demand. As banks face potential losses on their short positions and physical supplies dwindle, the true value of silver may soon be revealed, potentially leading to a dramatic price surge and reshaping the precious metals landscape.

The US dollar weakened and Treasury yields fell as recent polls showed Kamala Harris gaining ground against Donald Trump in the presidential race. Investors had previously bet on a Trump victory, but are now adjusting their positions as the election appears too close to call. The Mexican peso and other currencies strengthened against the dollar as a result.