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3 reasons gold broke through another fresh record high
It's a glittering year for gold. The precious metal broke through another record high on Friday, briefly rising to $3,534 before paring its gains. At its peak, gold prices were up 32% from levels at the start of the year — far outstripping the S&P 500's 8% year-to-date gain. Analysts on Wall Street are pointing to three catalysts that drove the latest leg up: 1. Trump's tariffs The US specified that gold bars are subject to tariffs, the Financial Times reported on Thursday, citing documents it reviewed from the Customs and Border Protection agency. A ruling letter dated July 31 from the agency said that ... (full story)
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From spokesman.com|Aug 13, 2025Gold advanced as traders reinforced bets of interest-rate cuts by the Federal Reserve after Treasury Secretary Scott Bessent urged the central bank to lower borrowing costs. ...
From @financialjuice|Aug 13, 2025Fed's Goolsbee: It is entirely possible to cut in anticipation if you think inflation is on a path to 2%, then stop or hike if information contradicts. FED'S GOOLSBEE: FED'S FALL RATE-SETTING MEETINGS WILL ALL BE LIVE SOME JOB MARKET DATA SHOW IT'S SOLID, SOME SHOW CONCERNS FED WOULD NEED TO CUT RATES IF LABOR MARKET IS DETERIORATING; NOT SURE THAT'S WHAT'S HAPPENING NEED MULTIPLE MONTHS OF FAVORABLE INFLATION READING TO…
From cnn.com|Aug 13, 2025The United States and China have settled into a steady state of pragmatic, if uneasy, détente. Tariffs sit at unprecedented, but not economically debilitating levels. Three rounds ...
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From fxempire.com|Aug 13, 2025Gold remains in a holding pattern, trading near the resistance of both the 20-Day and 50-Day moving averages. Wednesday saw a bullish reversal signal as prices climbed to a high ...
From omfif.org|Aug 13, 2025In 2005, then-US Federal Reserve Chair Ben Bernanke described the phenomenon of a ‘global savings glut’ to outline a world awash with excess capital. High saving rates in trade ...
From oilprice.com|Aug 13, 2025Western governments have recognized the need to intervene and safeguard their existing critical minerals supply chain from extinction in a market heavily dominated by China. Even ...
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- Aug 13, 2025 4:15pm Posted byFundamental Analysis223
