Weekly Headlines
Curated news and insights for precious metals investors
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China, America, and the Fight for Gold's Future
Gold's rise is no longer just a price story. According to Forbes, it is becoming part of a much larger global competition between China and the U.S. As trust in the dollar weakens and geopolitical tensions grow, control over gold refining, certification, and global bullion flows may become just as important as owning the metal itself.
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IMF Warns That We Could Face a Third Recession
The International Monetary Fund (IMF) is warning that prolonged disruption to oil flows through the Strait of Hormuz could push the global economy into recession, with growth falling to the 2% threshold it associates with a global downturn. The fund also warned that higher oil prices, rising inflation, and poorly targeted government relief could make an already fragile economy even harder to stabilize.
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Inflation Jumps as Consumer Confidence Sinks
March inflation rose 0.9% and 3.3% year over year, marking the biggest monthly jump since 2022. Gasoline was the main driver, with the surge accounting for nearly three-quarters of the increase. Additionally, consumer sentiment fell to 47.6 in April, the lowest reading since the University of Michigan survey began in 1952.
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Swiss Bank UBP Is Buying More Gold and Sees $6,000 Ahead
UBP recently added to its gold positions again. The bank's outlook remains bullish, supported by continued central bank buying, ongoing geopolitical risk, and concern over government deficits. They say gold is seen as having a path toward $6,000 by year-end.
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Bankruptcy Filings Rise as Financial Stress Builds
U.S. bankruptcy filings rose 14% in the first quarter to 150,009 cases, pointing to growing financial strain across the country. The increase suggests that both households and small businesses may be feeling the weight of ongoing economic pressure more intensely.
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China Maintains Gold Buying for a 17th Straight Month
China's central bank added to its gold reserves for a 17th straight month in March, continuing a steady buying trend and reinforcing the broader view that central banks are treating gold as an important reserve asset.
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France Replaces U.S. Held Gold With New Bars in Paris
France did not reduce its overall gold reserves, but it did move its New York-held gold back to Paris. The shift appears aimed at giving France more direct access and flexibility over part of its physical gold, a move that may point to a more active approach to managing reserve assets.