Gold/USD

Lorie Logan, President of the Federal Reserve Bank of Dallas, said inflation remains too elevated and could prompt higher interest rates later this year if price pressures do not cool further. She said inflation is moving towards the mid-2s rather than reaching 2%, and that it is taking too long to return to the Fed’s target. She also said trimmed-mean ...

The Canadian economy hit a clear soft patch at the start of 2026, as confirmed by last week’s national accounts release. GDP was essentially flat in Q1, coming in below all expectations and pointing to softer underlying demand pressures. This aligns with earlier signals from the labour market, including weak hiring and a rise in unemployment at the start of ...

The Canadian government has announced a one-year extension of key trade measures affecting steel and aluminum imports, keeping both tariff protections and tariff relief programs in place through June 2027. According to the announcement, Canada will continue operating its tariff remission program, which reimburses eligible companies for certain tariffs ...

Gold is now in a bear market, falling >20% since its January peak. The metal looks set to break below its 200-day moving average (USD 4,417/oz) amid clear signs of subdued investor interest. These include: • Trading volume on CME is subdued – despite multiple margin cuts – with total open interest in the 100oz futures contract near decade lows. • Bullion is ...

First the good news: according to the latest World Gold Council update, central banks, a key pillar of the bullish case for gold, have returned to adding holdings in April after notable selling in March sent the price of the precious metal tumbling. The 17 ton purchase represents a turnaround from steep sales in March, which at nearly 30 tons were the ...

Israel and Lebanon have reached an understanding about a plan for a full ceasefire in Lebanon conditioned on steps taken by Hezbollah, per two sources US STATE DEPARTMENT ANNOUNCES ISRAEL AND LEBANON HAVE AGREED TO A CEASEFIRE BROKERED BY WASHINGTON, WITH BOTH SIDES COMMITTING TO RAPIDLY ESTABLISH PILOT ZONES UNDER EXCLUSIVE LEBANESE ARMED FORCES CONTROL, FREE OF ALL NON-STATE ACTORS.

One day after a bombshell report from Bloomberg claimed the Reserve Bank of India (RBI) sold gold reserves worth roughly $12 billion in the two weeks through May 22, the central bank issued a firm denial. The RBI said in a statement on Wednesday that its physical stocks ​of the precious metal remain unchanged at 880.52 tonnes. "The ​Reserve Bank of India ...

Fed's Logan: Current monetary policy looks neutral or loose. Fed's Logan: Need mildly restrictive policy.

Russia says it could produce as much as 500 tonnes of mined gold this year, a figure that would make it the world’s largest producer and far exceed estimates from independent industry observers. Natural Resources Minister Alexander Kozlov told state-run news agency Tass that Russia would mine between 480 and 500 tonnes of gold in 2025 and that output last ...

Good afternoon. Thank you, Arturo [Barrio], for the generous introduction. It’s great to be back here. In my travels, I have many opportunities to thank people for welcoming me to their communities, and the welcome is never warmer than in El Paso. But I want to turn the tables today and welcome Arturo to the Dallas Fed. Our regional executives build the relationships that connect the Federal Reserve to the communities we serve. Those relationships help policymakers like me understand the economy. Equally, those relationships afford all of you the opportunity to help shape the Fed’s work. I’m so pleased to have a leader of Arturo’s caliber filling this role. And I’m delighted that Roberto Coronado, who preceded Arturo as regional executive, will remain in El Paso. Roberto will continue to connect with the community here while bringing his leadership acumen to broader responsibilities as head of community engagement and development throughout the Dallas Fed’s district. It’s wonderful to see so many special guests, including current and former board members of the Dallas Fed and our El Paso branch. And I’m honored to share the stage with a distinguished public servant, UTEP’s president, Heather Wilson. Dialogues like the one we’re having this afternoon are at the heart of the Fed’s mission. The Federal Reserve System is our nation’s central bank, but it is a decentralized institution. The system includes the Board of Governors in Washington and 12 Reserve Banks serving districts around the country. The Reserve Banks, in turn, have an additional 24 branch offices. I’m proud to say the Dallas Fed’s El Paso branch is believed to be the v FED'S LOGAN SAID SHE IS INCREASINGLY CONCERNED THAT HIGHER INTEREST RATES MAY BE NEEDED LATER THIS YEAR, CITING INFLATION'S SLOW RETURN TO THE FED'S 2% TARGET.