The U.S. government may open but that won’t stop gold’s rally | Metals Mine

  • The U.S. government may open but that won’t stop gold’s rally

    From kitco.com

    The gold market continues to see follow-through buying as prices hold above $4,100 an ounce, even as U.S. geopolitical tensions ease following the Senate’s passage of new funding legislation to end the longest government shutdown in history. Although Congress has resolved one geopolitical issue, analysts note that there is still plenty of uncertainty to support gold’s safe-haven appeal. The Senate’s bill now goes to the House for a vote, where it is expected to pass. Carsten Fritsch, Commodity Analyst at Commerzbank, noted that the government’s reopening might not come at an ideal time for the economy. Over ... (full story)

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    Barr: AI and Central Banking

    From federalreserve.gov|Nov 11, 2025

    Thank you for the opportunity to speak to you today. It is an honor and a pleasure to be here with you in Singapore, a crossroads for global trade and finance, to discuss the transformational nature of artificial intelligence (AI). Like other central banks around the world, including the Monetary Authority of Singapore, we at the Federal Reserve have been exploring the use of AI in our operations for quite some time as well as considering the implications of AI's adoption for the financial sector and the broader economy. At the Fed, we've been interested in the effects of AI on the economy and its role in the financial system for decades. Remarkably, in 1997, Governor Susan Phillips delivered a speech noting the use of AI in consumer loan underwriting. In the past year, no fewer than seven speeches by Fed Governors have had "AI" in the title. Today I'll discuss the opportunities presented by AI relevant for central bankers as well as the risks it may pose that policymakers should consider. I will leave you with three main takeaways. The State of AI Innovation and Deployment My first main point is that while AI is a big deal that will transform economies, there are a range of outcomes for how it could do so. AI—algorithms that mimic human thought, communication, and choices—has been with us for decades, but AI entered a new era with the launch of ChatGPT in late 2022. Generative AI (GenAI) captured our imagination with convincing conversations in which it is possible to go deep on a wide range of topics. Earlier forms of AI were often the bailiwick of digitally native companies, but GenAI is spreading rapidly through the economy. As of 2024, three in four large companies FED'S BARR DOES NOT COMMENT ON MONETARY POLICY, ECONOMIC OUTLOOK IN PREPARED REMARKS ON ARTIFICIAL INTELLIGENCE IN SINGAPORE

    Gold Trades Steady as Market Prepares for US Government Restart

    From finance.yahoo.com|Nov 11, 2025

    Gold traded steady, consolidating three days of growth, as traders weighed the imminent restart of the US government and the prospect of further interest-rate cuts in a subdued ...

    Chinese Firm Gifts $45,000 Gold Spacebar to Employee

    From zerohedge.com|Nov 11, 2025

    Chinese camera maker Insta360 is continuing its gilded reputation for rewarding staff with real gold, handing out 21 solid-gold keyboard keycaps to mark China’s Programmer’s Day. ...

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