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Steve Keen, the economist who famously forecasted the 2008 financial collapse, is warning that the current artificial intelligence boom is headed for a reckoning. He estimates that revenue from sustainable AI users is only a fraction of massive industry spending, leaving the sector vulnerable to a sharp, imminent correction.
Speculative interest in gold is climbing for the third straight week as concerns over U.S. government debt trigger a return to the debasement trade. With net length reaching levels not seen since September, market participants are recalibrating their positions despite sentiment remaining below earlier annual peaks.
Gold has surged past $4,600 per ounce, fueled by mounting concerns over U.S. fiscal credibility and a strategic shift in Treasury buyback operations. While this newfound momentum signals a clear break from its recent consolidation, Ewa Manthey of ING warns that sustained gains depend on whether Western investors keep pace with central bank buying.
With U.S. national debt surpassing $40 trillion, investors are pivoting back to precious metals as a hedge against fiscal instability. Gold is currently tracking toward $4,700 an ounce, marking a 15-week high as market participants react to aggressive government intervention in the bond market and a weakening dollar.
Confidence in the US dollar is eroding faster than expected, according to monetary historian Barry Eichengreen. The Berkeley professor, long a skeptic of the currency's imminent collapse, now warns that unsustainable fiscal trajectories and erratic Treasury interventions are creating a vulnerability that may outpace the rise of viable global alternatives.
The U.S. Treasury’s decision to increase long-dated bond buybacks has triggered a sharp rally in precious metals, pulling gold to its highest levels since June. The move, aimed at stabilizing the yield curve, has simultaneously weakened the dollar and emboldened investors who are watching a parallel recovery in Indian silver imports.
Spot gold is trading near $4,657 an ounce, climbing 1.19% as investors hedge against fiscal volatility and heightened tensions in the Strait of Hormuz. Despite Treasury yields hovering near 4.7%, a softer U.S. dollar and persistent safe-haven demand are keeping precious metals buoyant ahead of this week's key economic data.
Gold and silver prices scaled new all-time peaks overnight, driven by persistent safe-haven demand and aggressive chart-based buying. February gold futures climbed to $4,924.50, while March silver surged toward the $100-an-ounce threshold, reflecting heightened investor anxiety across volatile global markets and shifting diplomatic landscapes.
Gold prices surged to a weekly close above $4,600 per ounce, fueled by the U.S. Treasury’s decision to aggressively expand long-dated bond buybacks. This move, intended to temper rising yields, instead intensified market anxiety regarding debt sustainability, driving investors toward hard assets and clearing the field of bearish sentiment on Wall Street.
Spot gold and silver prices climbed in late-afternoon U.S. trading Friday, bolstered by a retreating dollar and persistent geopolitical friction in the Strait of Hormuz. Despite Treasury yields remaining elevated, investors continued to pile into precious metals, driving gold to $4,602.99 and silver to $68.97 an ounce.
Gold and silver enter the coming week buoyed by a weaker U.S. dollar and cooling rate-hike expectations, yet the market remains on edge. Investors are bracing for a cascade of economic indicators, culminating in Federal Reserve Chair Kevin Warsh’s highly anticipated address at the annual Jackson Hole symposium.
Spot gold prices remained resilient above $4,585 per ounce on Friday as new data revealed the U.S. services sector is expanding at its fastest pace since April 2022. While manufacturing growth cooled, a broad acceleration in business activity pushed the S&P Global Composite PMI to 56.0, significantly outpacing analyst expectations.
The U.S. dollar index’s retreat below 99.00 has sent precious metals on a sharp upward trajectory, with gold climbing to $4,594.60 and silver hitting $69.47. This breakout is fueled by cooling expectations for a September Federal Reserve rate hike and heightening fiscal concerns, keeping buyers firmly in control of the market.
Rising crude oil prices and a rebound in Treasury yields pressured North American equities on Thursday, stalling gold’s momentum while silver surged. Despite the broader market retreat, precious metals maintained much of the gains from the previous session as investors weighed strong U.S. economic data against persistent inflationary concerns.
Thomas Kaplan, chairman of the Electrum Group, expects gold prices to surge tenfold in the coming years, dismissing current market pullbacks as mere noise. He views the potential for gold to reach $30,000 to $50,000 as inevitable, framing the current correction as a necessary phase in a long-term bull market.
Treasury Secretary Scott Bessent’s strategy to double purchases of long-dated Treasuries effectively mirrors quantitative easing, a move that Charlie Morris, CIO of ByteTree, identifies as a primary catalyst for gold’s recent upward momentum and long-term potential as a necessary hedge against unsustainable debt growth.
Stronger-than-anticipated U.S. labor and regional manufacturing figures have forced a retreat in gold prices, cooling the momentum from Wednesday’s Treasury-led surge. Spot gold slipped to $4,454.70 an ounce, while silver defied the broader trend by climbing nearly 5% as traders weigh persistent rate risks against ongoing geopolitical instability.
Spot gold prices clawed back from session lows on Thursday, finding support moments after the Philadelphia Federal Reserve released a regional manufacturing report that crushed expectations. The index surged to 47.4 in August, marking its strongest performance since April 2021 and signaling a sharp expansion in local industrial activity.
A cooling labor market narrative hit a snag Thursday morning as initial jobless claims dropped to 206,000 for the week ending August 15. The figure, coming in below the projected 210,000, triggered an immediate sell-off in gold, pushing the precious metal toward a session low of $4,450 per ounce.
Precious metals surged on Wednesday as a Treasury-led bond market rally triggered a retreat in yields and the U.S. dollar, effectively neutralizing the hawkish tone of the latest Federal Reserve minutes. Spot gold climbed 4.33% to $4,521.00 an ounce, while silver gained 5.29% to reach $66.550.
Gold prices surged 4% to $4,518.90 an ounce on Wednesday after the U.S. Treasury announced plans to double the size of its liquidity support buybacks for long-dated securities. The maneuver triggered a sharp rally in precious metals while simultaneously pushing the dollar to a three-month low.
Federal Reserve officials expressed deepening concern over persistent, broad-based inflation during their July 28-29 meeting, even as Chair Kevin Warsh introduced a proposal to reduce the FOMC’s annual meeting schedule to six sessions starting in 2027 to allow for more strategic deliberation.
Spot gold prices slipped to $4,394.24 per ounce following a stark 12.4% drop in U.S. housing starts for July. While the construction sector faced a deeper slump than anticipated, a concurrent rise in building permits provided a conflicting signal to investors navigating the current economic climate.
Indian gold jewelry demand is gathering momentum as consumers capitalize on price stabilization ahead of the upcoming festival season. According to the World Gold Council, a surge in inventory replenishment by retailers and a notable recovery in import volumes signal a shift in market sentiment after a subdued second quarter.
One in three UK adults are grappling with the realization that they missed out on gold’s 128% value surge over the last five years. According to new research from The Royal Mint, this widespread sense of regret highlights a growing anxiety among Britons regarding economic instability and the long-term security of their savings.
Spot gold prices climbed 0.79% to reach $4,367.50 an ounce during early Wednesday trading, buoyed by a weakening U.S. dollar. Despite this momentum, precious metals face persistent resistance from elevated Treasury yields and the inflationary influence of crude oil prices remaining near $91.50 a barrel.
Gold functions as a unique asset class that defies the standard behavior of the commodity complex, according to Jeremy De Pessemier of the World Gold Council. While investors often bundle the metal into broad commodity indices, its distinct supply-demand dynamics and counter-cyclical nature suggest it requires a dedicated, independent portfolio allocation.
The United States consumes less than 7% of the world’s copper, yet it now holds nearly 70% of the visible inventory across major global futures exchanges. This unprecedented concentration, driven by anticipation of looming import tariffs, has created a localized surplus that risks becoming a stranded commodity.
Spot gold and silver prices tumbled during Tuesday's session as investors pivoted away from precious metals. The decline was fueled by a sharp downturn in AI-linked equities and persistent pressure from global bond yields, which effectively neutralized any safe-haven gains typically driven by a softer U.S. dollar and ongoing geopolitical tensions.
Despite a turbulent year for precious metals, Wells Fargo Investment Institute remains optimistic, projecting gold to reach $4,900 by 2026. Strategists argue that resilient international demand and persistent central bank purchasing power are effectively offsetting the pressure of rising U.S. interest rates and short-term market corrections.