Kitco News
Deglobalization sparks race for strategic resources, driving gold and copper outlook - Sohn Montreal -
(Kitco News) - A shift in the global economic order is triggering a worldwide race for physical resources, creating the conditions for a sustained commodity bull market and reinforcing gold's role as a critical reserve asset, according to two leaders in global financial markets.
Gold and silver gain with risk assets as crude retreats on deal hopes - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are higher in late-afternoon U.S. trading Thursday, as weaker crude oil, softer Treasury yields and a lower U.S. dollar supported precious metals ahead of Friday’s May employment report.
China’s gold market is cooling, multiple metrics show -
(Kitco News) – China’s gold market, which along with central bank demand has been one of the central pillars of the multi-year gold rally, has shown definite signs of cooling in recent weeks. “Amid heightened market uncertainty, gold ETFs have seen an overall reduction in assets under management, with several funds experiencing significant net outflows,” noted a report from Gelonghui Finan...
Commerzbank is not giving up on metals, sees $4,800/oz gold, $80/oz silver by year-end -
Rising inflation pressures due to the ongoing war in Iran mean investors will have to wait a little longer for gold to break out of its current consolidation phase, according to Carsten Fritsch, commodity analyst at Commerzbank.
Azuria's Tavi Costa: The AI 'build phase' is an inflation trap - here is the metals playbook the market is missing -
(Kitco News) - The broader market's conviction that artificial intelligence will usher in a deflationary era of productivity is blinding investors to an immediate, capital-intensive infrastructure scramble that is actively draining global resource supplies, according to Azuria Capital Founder and CEO Tavi Costa.
Gold clears $4,500, silver rallies as Hormuz risk premium cools - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are firmer and spot silver prices are sharply higher in early U.S. trading Thursday, as a softer U.S. dollar, weaker crude oil and mixed U.S. equity futures framed the final session before the May employment report.
Spot gold reclaims $4,500/oz after U.S. weekly jobless claims rise to 225k -
(Kitco News) - Gold prices were holding above $4,500 per ounce on Thursday morning following the release of worse-than-expected labor market data after the number of Americans filing new claims for unemployment benefits were above economists’ forecasts.
Gold breaks $4,440 as U.S.-Iran fighting pressures markets - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply lower after the close Wednesday, as crude oil rallied, Treasury yields rose and renewed U.S.-Iran fighting pressured non-yielding metals.
Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC -
(Kitco News) – After March saw central banks flip to net sellers of gold, the sovereign sector switched back to bullion purchases in April, according to the latest data from the World Gold Council (WGC).“Central banks resumed net gold purchases in April, having bought 17t,” wrote Marissa Salim, the WGC Senior Research Lead, APAC. “This was a rebound from the sizeable net sales reported in March.”
Indian central bank denies media report of $12 billion gold reserve sales -
(Kitco News) – 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.
Zero Hedge
The French Never Wanted Mass Immigration -
The French Never Wanted Mass Immigration
Via Remix News,
French leaders know how to manipulate their voters, but the voters are also apparently easily manipulated. Every leader from French President Emmanuel Macron to François Mitterrand in the 1980s has decried immigration numbers and promised a crackdown, all while allowing immigration numbers to continuously climb year after ye...
UBS CEO Warns Swiss Population Cap Is An 'Extreme' Measure -
UBS CEO Warns Swiss Population Cap Is An 'Extreme' Measure
A proposal headed for a June 14 vote in Switzerland made headlines for seeking to place a hard cap on the country's permanent resident population at 10 million through 2050.
The vote is also being watched as a referendum on immigration pressure in Europe more broadly. UBS CEO Sergio Ermotti has caught the vapors over the i...
Support For Germany's AfD 'Firewall' Plummets As Voters Call To Bring Party In From The Cold -
Support For Germany's AfD 'Firewall' Plummets As Voters Call To Bring Party In From The Cold
Via Remix News,
Germany's long-running "firewall" that sees the country's legacy parties exclude cooperation with the right-wing Alternative for Germany (AfD) is moving further out of step with a large section of the electorate, with new polling showing voters now evenly divided over the g...
S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year -
S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year
Earlier today, in our forensic analysis of the SpaceX IPO, we said that according to BNP estimates, the company's inclusion into the S&P500 some 6 months after the offering would unlock $13.4 billion worth of inflows.
It turns out that that is not going to happen 6 months after the IPO. In fa...
The Modern “Red Calendar” And The Death Of Pride Month -
The Modern “Red Calendar” And The Death Of Pride Month
Authored by Brandon Smith via Alt-Market.us
In the aftermath of the Bolshevik Revolution and the takeover of Russia in 1917 (largely funded by international elites), the new communist regime sought to implement what I would call “propaganda saturation” – An avalanche of policies designed to secure the red army’s political powe...
Beijing Bans Four New Zealand MPs For "Crossing Red Line" With Taiwan Visit -
Beijing Bans Four New Zealand MPs For "Crossing Red Line" With Taiwan Visit
In a first, China has banned four New Zealand Members of Parliament for a year over their visit to Taiwan, New Zealand's foreign ministry says. The MPs learned of the ban - which the Chinese Embassy said could be reduced or waived with an apology - when they returned from the trip in May, local media report...
Satellite Images Expose China’s Massive New 120-Meter Sail-Free Mystery Submarine -
Satellite Images Expose China’s Massive New 120-Meter Sail-Free Mystery Submarine
Authored by Aamir Khollam via Interesting Engineering,
China has quietly launched another advanced submarine, signaling the rapid expansion of a naval force that already outpaces Western production rates.
ROKS Dosan Ahn Changho class submarine and satellite imagery of China's sailless submarine. Wiki...
Trump Decries Communism, Says Its 'Breathtaking Popularity' Turns To 'Death, Destruction, Squalor' -
Trump Decries Communism, Says Its 'Breathtaking Popularity' Turns To 'Death, Destruction, Squalor'
Authored by Joseph Lord via The Epoch Times,
Speaking to reporters in the Oval Office on June 3, President Donald Trump decried communism, saying that the ideology leads to “death, destruction, and squalor.”
Speaking to reporters in the Oval Office on June 3, President Donald Trump...
Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran -
Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran
Federal authorities arrested 63 year old Newport Coast technology executive Jamshid Ghomi during an early-morning operation at his luxury Orange County residence on Wednesday, according to the NY Post.
He faces federal charges related to alleged violations of U.S. sanctions against Iran.
Inve...
Mole People? What Are These Individuals Doing In New York Sewers? -
Mole People? What Are These Individuals Doing In New York Sewers?
Authored by Steve Watson via Modernity,
New York City's vast underground network has become the unlikely focus of fresh alarm. Surveillance footage shared widely online shows teams of men lifting manhole covers in the middle of the night, descending into the sewers with flashlights, tools, and protective gear, then ...
MarketWatch - Top Stories
One quadrillion is the number used to describe the wealth effect of South Korea’s stock-market miracle -
Having more than doubled already this year, Korea’s stock market returns have driven a wealth effect that under an optimistic scenario could generate a wealth effect among the populace of KRW 43 trillion ($28 billion)
In ‘wild’ twist, SpaceX won’t be allowed early entry to the S&P 500 after all -
S&P Dow Jones Indices considered whether to loosen index requirements but opted to keep its policies unchanged.
This investing strategy digs deeper to find hidden stocks riding the AI wave -
There are plenty of ways to jump into the generative-AI hardware infrastructure expansion beyond the familiar chip makers and hyperscalers.
I’m 55, married and want a $1.5 million long-term care policy. Do I get a traditional or hybrid? -
“I’m not looking for a ‘don’t do it’ opinion.”
Marvell looks poised to finally get a spot in the S&P 500 after explosive stock surge -
S&P 500 changes are likely to be announced on Friday, and Marvell is now vastly bigger than the next-largest eligible contender.
South Korea is the ultimate backdoor tech play — but stock investors now face a looming threat -
Samsung and SK Hynix are key to soaring South Korean stock market, but a rate hike could trigger a 15% market correction.
I own a house with my sister, but the mortgage is in her name. Could this come back to bite me? -
“My son, daughter-in-law and granddaughter live there and take care of utilities, yardwork and maintenance.”
Lululemon’s fight with its founder has been bad enough to hurt sales for the entire year -
Problems continue to add up for Lululemon, as the yoga-wear maker on Thursday trimmed its full-year forecast to account for a potential dip in sales this year.
Bitcoin’s sagging price has crypto bears taking a victory lap. Why it’s too soon to count it out. -
While U.S. stocks have kept notching record highs, bitcoin is sliding to its weakest level in months.
‘This is a tricky subject’: We’re in our 70s and our only child is 40. Do we reveal that we’re leaving her everything? -
“It makes us feel uncomfortable.”
CNBC Top News
CNBC Economy
The May jobs report will be released Friday. Here's what to expect -
The stronger-than-expected start this year for job creation could be in for a reality check.
Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy -
Long-term unemployment can have ramifications on financial, emotional and family health that linger even after reentry into the workforce.
Private payrolls grew by 122,000 in May, stronger than expected, ADP reports -
Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.
U.S. proposes fresh tariffs on 60 economies over forced labor trade practices -
USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.
U.S., Iran intensify attacks as ceasefire frays, peace talks stall -
Iran's IRGC reportedly denied responsibility for the Kuwait airport attack, the latest blow to an already weakened ceasefire agreement.
GATA
Indian owner of Swiss gold refiner Valcambi investigated over $159 billion of inflated revenue -
By Ashutosh JoshiBloomberg NewsThursday, June 4, 2026
India's markets regulator has alleged that the owner of Swiss gold refiner Valcambi SA overstated revenue, according to an interim order issued today.
Mumbai-listed Rajesh Exports Ltd. misrepresented about 15.2 trillion rupees ($159 billion) -- equaling 99.80% of its revenues from subsidiaries over the five fiscal years through March 2025, t...
Robert Lambourne: BIS gold swaps soared in March before dropping in April -
By Robert LambourneThursday, June 4, 2026
Gold swaps undertaken by the Bank for International Settlements on behalf of its member central banks are estimated to have increased strongly in March, up 77 tonnes, rising from 104 tonnes to 181 tonnes, before falling by 47 tonnes to 134 tonnes in April.
This is still a notable increase from the swaps estimated at the end of last year, 56 tonnes.
... ...
Russia says it mined more gold than China -
By Cecilia JamasmieMining.com, TorontoWednesday, June 3, 2026
Russia says it could produce as much as 500 tonnes of mined gold this year, a figure that would make it the 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 th...
Zimbabwe's gold rush hastens as $1 billion mine targets 100,000 ounces a year -
By Ayodeji AdegboyegaBusiness Insider Africa, New YorkTuesday, June 2, 2026
UK-listed Ariana Resources says ore reserves at its Dokwe Gold Project have surged 42% to 1.13 million ounces, transforming the asset into one of Zimbabwe's most significant undeveloped gold deposits and placing it on course to rival some of the country's largest gold mines.
... Dispatch continues below ...
... ADVERTI...
India's central bank denies Bloomberg report it sold gold -
By Anup RoyWednesday, June 3, 2026
https://www.bloomberg.com/news/articles/2026-06-03/india-central-bank-says-report-it-s-selling-gold-is-incorrect
India's central bank said a report that it's selling gold is "not correct," pointing to data showing its physical stock of gold has remained unchanged.
Latest figures in the Reserve Bank of India's Monthly Bulletin show the stock of physical gold wa...
Wolf Street
CoinDesk
Here's what could happen if bitcoin breaks below $60,000 -
A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.
Bitcoin in danger of dropping to $60,000, with Zcash bulls turning their backs on ZEC -
AI bets are recording rapid profit-taking as Broadcom as outlook for AI-chip sales fell short of high expectations, driving down crypto markets.
Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14% -
Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
Zcash plummets 30% as Shielded Labs reveals a major bug that went undetected for four years -
Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token's supply and its value.
Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward -
The industry has been trying to make a case this week the Clarity Act provides law enforcement strong tools to combat illicit finance involving cryptocurrency.
OCC chief says Democrats applying sole political pressure in World Liberty charter choice -
The regulator rejected claims he's doing President Trump's bidding during a congressional hearing that also addressed the GENIUS Act stablecoin push.
'Dr. Doom'-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000 -
Backed by economist Nouriel Roubini, a long-time anti-bitcoin advocate, and known as 'Dr. Doom,' the Atlas CEO, Reza Bundy, shot a short-term warning for bitcoin but stayed bullish in the long-term.
Hyperliquid pulls back from record highs as Arthur Hayes exits position shy of $150 price target -
The crypto veteran blamed macro risks and AI mania for taking profits, drawing backlash from traders for selling well below his recent bullish forecasts.
Crypto for Advisors: The crypto due diligence questions you forgot to ask -
As stablecoins, shifting regulation and AI-enabled infrastructure mature, advisors should revisit three questions their crypto due diligence may no longer fully cover.
Why tokenization is an ETF-style market structure revolution -
The current tokenization dialogue and pattern resemble ETFs’ early days, which ultimately transformed into a $10+ trillion market, Lie argues.
bitcoin.com
American Men Lead Crypto Adoption as 31% Prioritize Privacy Over Banking Norms -
A new study found 51% of U.S. crypto wallet users are systematically replacing legacy banks with digital assets for everyday financial tasks. The Rise of Daily Digital Transactions Traditional banks are not necessarily being fired by American consumers—they are just slowly being left behind, one daily task at a time. According to a new study […]
Zcash Patches Critical Bug Enabling Unlimited Counterfeit ZEC Minting as Price Crashes 41% -
Zcash developers have patched a critical flaw in the Orchard shielded pool that a security researcher showed could forge an unlimited supply of counterfeit ZEC. The token fell more than 40% as the disclosure came to light. A Forgery Flaw Hidden Since 2022 Zcash founder Zooko Wilcox confirmed that security researcher Taylor Hornby had uncovered […]
He Cracked the Code to Winning the Lottery 14 Times With a Hidden Method -
On February 15, 1992, in Virginia, Romanian mathematician Stefan Mandel and his associates scooped $27 million after blanketing every lottery combination with tickets financed by a network of investors. It was the peak of a 14-jackpot run spanning Romania, the UK, and Australia, before regulators in Australia and France rewrote rules that now make the […]
Spacecoin Lands Vietnam Partnership With $100M Annual Revenue Goal -
Spacecoin has signed an exclusive agreement with DETI Technology to bring decentralized satellite telecoms to Vietnam. The partners are targeting at least $100 million in annual revenue once the project reaches commercial operation. Spacecoin Teams With DETI to Bring Satellite Telecoms and AI to Vietnam Spacecoin has signed an exclusive memorandum of understanding with Vietnam’s […]
US Targets Brazil’s Pix: Trade Report Claims Instant Payment System Restricts American Commerce -
The Trump Administration has proposed imposing 25% tariffs on Brazilian goods under Section 301 of the Trade Act of 1974. The investigation alleges that Brazil “has unfairly disadvantaged U.S. companies engaged in competing electronic payment services” by promoting Pix. Brazil Faces 25% Tariffs For Establishing Pix Pix, Brazil’s flagship instant payment system, has returned to […]
Reason
Cato Institute
Tenth Amendment Center
Liberty Isn’t Taken. It’s Surrendered. -
Tyrants exploit the ignorance and corruption of the people. Samuel Adams warned us, but don’t just blame the tyrants. He said we should blame the people who make them possible by giving us a self-inflicted tyranny. On this Episode: Liberty isn’t taken. With a one-two punch, it’s surrendered.
The post Liberty Isn’t Taken. It’s Surrendered. appeared first on Tenth Amendment Center.
Refuse to Comply: Madison’s Blueprint to Stop the Feds -
“A refusal to cooperate.” That’s the strategy James Madison gave us to stop federal programs. In Federalist #46, he laid out a series of steps to combat “unwarrantable measures of the federal government” along with those that are “warrantable” but “unpopular.” In other words, we can use his blueprint to combat unconstitutional acts, as well […]
The post Refuse to Comply: Madison’s Blueprint to ...
They’re not Saving America. They’re Killing it. -
Written almost 300 years ago, it was so prophetic, it sounds like it was written today. A warning about the dangerous cult that promises to protect your country - but is really killing it. On this episode, it’s the true enemy within, destroying freedom.
The post They’re not Saving America. They’re Killing it. appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
California’s AB 412 Still Demands Developers Do The Impossible -
California lawmakers are again considering A.B. 412, a bill that would require AI developers to identify and disclose copyrighted works used to train generative AI systems.
The problem this year is the same as last year: it’s practically impossible to comply with this law. The bill demands information that often does not exist, and cannot realistically be obtained.
EFF submitted an opposition...
Pulte Appointment Underscores Need to Reform Section 702 Spying -
President Trump’s highly politicized appointment of an entirely unqualified acting Director of National Intelligence (DNI) underscores why the government’s warrantless mass spying power must be reformed.
Congress now faces a deadline of Friday, June 12 to reauthorize Section 702 of the Foreign Intelligence Surveillance Act, an unconstitutional program rife with problems, loopholes, and complia...
EFF Testifies to Congress on Protecting Americans’ Rights from Government AI -
Governments must not adopt emerging and powerful AI technologies without also adopting strong and clear safeguards to protect Constitutional rights, EFF Senior Policy Analyst Dr. Matthew Guariglia testified today to the House Homeland Security Subcommittee on Cybersecurity and Infrastructure Protection.
During the hearing on “The AI Security Landscape: How Frontier Models, Agentic AI, and AI C...
The Institute For Justice - Press Releases
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
PA: Stop the “Lock Up Your Safety” Bill in Harrisburg! -
Harrisburg Gun Grabbers Want to Criminalize Your Self-Defense! The anti-gun Democrats in Harrisburg are launching yet another direct assault on your God-given rights. On Monday, June 8th, the House Judiciary Committee is scheduled to hear two highly critical bills. This committee is run by Representative Tim Briggs (D-149), one of the most rabidly anti-gun members of the House who proudly … Rea...
SC: Can We Trust Stephen Goldfinch to be SC’s Top Cop? -
Gun Owners Should Remember Stephen Goldfinch’s Record on Constitutional Carry For nearly a decade, South Carolina gun owners fought to restore a simple principle: law-abiding citizens should not have to ask the government for permission before exercising their right to bear arms. That fight was long, difficult, and filled with obstacles. One of those obstacles was Senator Stephen Goldfinch. As ...
VA: GOA and VCDL Just Had a Major Win Against Universal Background Check Enforcement in Court! -
Today, Gun Owners of America and the Virginia Citizens Defense League won another major victory in our fight against Virginia’s unconstitutional Universal Background Check law. In Wilson v. Hanley, Judge Yeatts made it crystal clear that his statewide permanent injunction remains fully in effect and that Virginia law enforcement is expected to comply with that order. The court rejected efforts ...
Banking Dive
American Banker
Bank of International Settlements
Piero Cipollone: Europe's money evolves so people's freedom to pay remains -
Introductory statement by Mr Piero Cipollone, Member of the Executive Board of the European Central Bank, at the Committee on Economic and Monetary Affairs of the European Parliament, Brussels, 3 June 2026.
Frank Elderson: Strengthening operational resilience for the age of AI -
Keynote speech by Mr Frank Elderson, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank, at the Goldman Sachs European Financials Conference 2026, Zurich, 3 June 2026.
Carolyn Rogers,Toni Gravelle: Release of the Financial Stability Report -
Opening statement Ms Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, and Mr Toni Gravelle, Deputy Governor of the Bank of Canada, at the press conference following the release of the Financial Stability Report, Ottawa, Ontario, 28 May 2026.
Federal Reserve - Press Releases
FDIC - Press Releases