Kitco News
Gold, silver fall as hawkish Fed pressure lingers - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are lower and spot silver prices are sharply weaker in early U.S. trading Thursday, as markets continued to digest a hawkish Federal Reserve hold, higher front-end rate expectations and lower oil prices tied to U.S.-Iran de-escalation.
Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June -
(Kitco News) - The gold market continues to face solid selling pressure as the Federal Reserve Bank of Philadelphia reported a strong rebound in its manufacturing sector.
Spot gold at $4,250/oz after U.S. weekly jobless claims dip to 226k -
(Kitco News) - Gold prices coming off their recent lows on Thursday morning following the release of steady labor market data after the number of Americans filing new claims for unemployment benefits were in line with economists’ forecasts.
Gold faces global monetary policy tightening as BOE vote shows growing support for rate hike -
(Kitco News) - The gold market continues to struggle to attract any significant buying momentum as global monetary policy continues to shift toward higher interest rates.This new tightening cycle was led by the European Central Bank, which increased interest rates by 25 basis points last week amid rising inflation pressures. This week, the Federal Reserve signaled support for at least one rate ...
Warsh’s focus on price stability sends gold prices lower -
(Kitco News) - The gold market is trying to find its footing after the Federal Reserve left interest rates unchanged but signaled a hawkish tilt, showing support for at least one potential rate hike by the end of the year.
Gold's bull market has room to run as inflation risks, fiscal deficits support prices - Wells Fargo -
(Kitco News) - The gold market continues to regain lost ground, and although the precious metal isn’t out of danger just yet, current prices still represent an attractive entry point for investors looking to build a position, according to Wells Fargo.
In Warsh's first Fed meeting, a unanimous hold hides a split committee and a debated rate cut, DiMartino Booth says -
(Kitco News) - The Federal Reserve held interest rates steady Wednesday in Kevin Warsh's first meeting as chair, but its newly released projections exposed a committee sharply divided over whether to raise rates this year - and revealed that policymakers debated a rate cut before settling on a hold.
Gold and silver slide after hawkish Fed hold - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply lower after the close Wednesday, as the Federal Reserve held rates steady but signaled that higher inflation could force another rate hike this year.
Gold drops below $4,300/oz as Fed votes 12-0 in favor of rate hold, but nearly half of policymakers see a rate hike in 2026 -
(Kitco News) – The Federal Reserve announced on Wednesday that the first Federal Open Market Committee (FOMC) vote under new chair Kevin Warsh was unanimous in favor of a rate hold, as expected by the market consensus, while the latest economic projections showed nearly half of policymakers believe a rate hike will be warranted in 2026.
Persistent inflation, oil-driven price shocks and higher-for-longer rates will cap gold’s medium-term upside – SocGen -
(Kitco News) – Even when real yields decline and the dollar weakens, gold prices could struggle to catch a bid as strong equity markets will continue to draw investors to risk assets, according to commodity analysts at Société Générale.The French banking giant cautioned that gold investors may be in for an extended period of muted ETF flows combined with a pause in central bank purchases.
Zero Hedge
Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia -
Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia
Summary:
Kuwait Petroleum CEO says Energy Production to Ramp in a Week
Iran Media says Southern Ports Traffic Begins Normalizing
Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia
Searching For Hormuz Normalization...
The Treaty Of Versailles -
The Treaty Of Versailles
By Michael Every of Rabobank
Yesterday, President Trump signed the US-Iran MoU in Versailles. It’s not a treaty, but the parallel with the one signed by Germany there on June 28, 1919, is notable: post-WW1, French Marshal Foch is widely credited with saying, “This is not a peace. It is an armistice for twenty years,” because he saw it as too lenient on the...
US-Iran MOU Eases Energy Prices But Faces Sharp Pushback From Israel And GOP Hawks -
US-Iran MOU Eases Energy Prices But Faces Sharp Pushback From Israel And GOP Hawks
Summary:
The US and Iran signed a preliminary cease-fire agreement at the G7 summit in France.
Energy prices fell as some Saudi supertankers resumed crossing the Strait of Hormuz.
The deal includes a $300 billion private reconstruction fund and temporary Iranian oil export waivers.
Iranian offici...
Accenture Crashes Most On Record As AI Threatens Consulting Demand -
Accenture Crashes Most On Record As AI Threatens Consulting Demand
Accenture shares crashed by the most on record in premarket trading on a confluence of issues. First, the company's fourth-quarter revenue outlook missed Bloomberg consensus estimates and third-quarter bookings declined, reinforcing investors' belief that consulting demand is declining in the era of AI adoption acro...
Both Parents Work Full-Time In Majority Of Families, Census Data Show -
Both Parents Work Full-Time In Majority Of Families, Census Data Show
Authored by Zachary Stieber via The Epoch Times,
Both parents work full-time in more than half of couples with children under 18, according to newly analyzed data.
Fifty-two percent of couples comprised of a mother and father work full-time jobs as of 2025, according to the Pew Research Center analysis of dat...
"The Impact was Devastating": Chicago's Cross-Burning Was Set By Liberal, Anti-Trump Protester -
"The Impact was Devastating": Chicago's Cross-Burning Was Set By Liberal, Anti-Trump Protester
Authored by Jonathan Turley,
After the Southern Poverty Law Center scandal of actually funding and encouraging racist protests, it appears that at least one individual has created his own orchestrated racist incident.
In Chicago (where Jussie Smollett committed his infamous racist hoax)...
Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal -
Energy Cliff, Supply Chain Shock: The Toxic Cocktail Behind The Urgent Push For An Iran Deal
The U.S.-Iran interim peace deal has been signed, and the normalization of the Strait of Hormuz is now beginning. Tanker traffic through the critical waterway is slowly resuming, though a full return to pre-war or near-pre-war energy flows could take months.
But behind the urgency to get t...
Continuing Jobless Claims Hit 3-Month-Highs -
Continuing Jobless Claims Hit 3-Month-Highs
The number of Americans filing for unemployment benefits for the first time fell from 230k (4 month highs) to 226k (vs 225k exp) last week - elevated but still within the range of the last four years...
Source: Bloomberg
Pennsylvania and Oregon saw the largest rise in initial claims last week while Ohio and Illinois saw the biggest de...
Futures Rise, Oil Drops As Market Prices In Iran Deal For Yet Another Day -
Futures Rise, Oil Drops As Market Prices In Iran Deal For Yet Another Day
Futures rebounded from the post-FOMC selloff, and oil prices fell as Trump signed the Iran MOU two days early to end the war in the Middle East (in the symbolic Palace of Versailles of all place) and some energy shipments began to transit the Strait of Hormuz. As usual, tech led the parade higher. As of 8:00a...
Speculation About A SpaceX–Tesla Merger Is Already Growing -
Speculation About A SpaceX–Tesla Merger Is Already Growing
SpaceX’s record-breaking IPO has fueled speculation that Elon Musk could take an even bigger step: merging SpaceX with Tesla to create a roughly $4 trillion technology conglomerate spanning rockets, AI, satellites, electric vehicles, robotics, energy, and social media, according to a new report from the New York Times.
Th...
MarketWatch - Top Stories
‘I’ll probably be working until I die’: I’m 60, work as a waiter and have $2,000 in a Roth IRA. What will happen to me? -
“I’m afraid I’m in a bad place.”
My husband died when I was 38, leaving me with four kids who each received Social Security. I’m now 60. When do I claim? -
“I have called and asked the Social Security Administration multiple times over the past couple of years.”
Trump’s Iran agreement changes the game for investors. These are the two sectors to buy right now. -
Hyperventilating experts were wrong about the Iran war. The end of the conflict is a massive buy signal for stocks.
SpaceX is vastly more expensive than any stock in the S&P 500, fueled by ‘FOMO’ mentality -
Billions of dollars have flowed into SpaceX ETFs as retail investors look past conventional valuations.
A billion-dollar server company just lost more than 40% of its value following a short-seller report -
Shares in the French technology company slumped after Grizzly Research made allegations of a “fraudulent structure” in the U.S.
‘We own our home outright’: I am 67 and earn $100,000. Do I take my $30,000-a-year Social Security now or wait? -
“We have combined savings of $950,000 in retirement plans, Roth IRAs and Treasuries.”
Two big reasons Accenture’s stock is sliding in the wake of earnings -
The consulting company’s outlook came up short of expectations, and at least one analyst wonders if newly announced deals will bring complex integration challenges.
Three powerful forces are draining family wealth — and your estate plan is completely unprepared -
From Medicaid cuts to an IRA tax trap, here are the real threats to your family’s inheritance and what to do about them.
Intel’s stock jumps 11% — even as analysts say new Apple chip deal might start small -
Intel “is steadily expanding its domestic capacity and converting political and strategic tailwinds into concrete foundry wins,” an analyst says.
The next two weeks could be a bumpy ride for U.S. stocks. Buy any dip, this strategist says. -
Citadel Securities strategist Scott Rubner says one of the most important two weeks of the year is here, and that could open buying opportunities for stocks.
CNBC Top News
CNBC Economy
GATA
Zimbabwe licenses second refinery to handle nation's rising gold output -
By Godfrey MarawanyikaBloomberg NewsWednesday, June 17, 2026
Zimbabwe has licensed a second gold refinery to handle purchases and processing of the southern African nation’s increasing output of the precious metal.
The refinery, to be located in the country’s second-biggest city Bulawayo, is due to be commissioned next year, according to government officials, who asked not to be identified disc...
Investors pile into bullish dollar bets as 'U.S. exceptionalism' trade returns -
By Kate DuguidFinancial Times, LondonWednesday, June 17, 2026
Investors around the world are flocking back to the U.S. dollar in a bet that the AI boom will help the biggest economy to outshine its peers this year and force the Federal Reserve to keep interest rates high.
Wagers on a stronger dollar in the futures market last week rose by the most since 2018 to their highest level in more than...
Myrmikan's Dan Oliver: Time makes gold's correction look puny so ignore it -
9:16p ET Tuesday, June 16, 2026
Dear Friend of GATA and Gold:
In his new letter this week, Myrmikan Capital's Dan Oliver examines the recent "correction" in the gold price and concludes that while it is jarring, it is barely visible on a long-term chart.
He writes: "We think that the financial system is more precarious than ever, not just the stock and bond markets but especially the sovereign ...
Central banks expand bullion holdings as U.S. dollar's dominance wavers -
By Julie ZhangSouth China Morning Post, Hong KongTuesday, June 16, 2026
Central banks are expected to expand their gold holdings, while the U.S. dollar's dominance in global reserves will fade in five years, according to the World Gold Council.
The push to accumulate gold reflects a broad de-dollarisation trend in recent years.
About nine in 10 central banks expect global central bank gold hold...
Central banks repatriate gold as global insecurity rises -
By Leslie Hook and Krishn KaushikFinancial Times, LondonTuesday, June 16, 2026
Global central banks are removing gold from vaults in London and New York as they become more skittish about storing bullion outside their own borders, according to a new survey.
The central banks of India and France are among those that have relocated huge volumes of gold out of the U.S. and U.K. in the past year to...
Wolf Street
Legal Tender News
CoinDesk
Algorand unveils roadmap to achieve quantum resistance by 2028 -
The announcement reflects a crypto's growing recognition that adopting quantum-resistant cryptography could take years, requiring changes not only to user wallets but also to core protocol infrastructure.
CoinDesk 20 performance update: Stellar (XLM) jumps 10% while index declines -
Internet Computer (ICP) fell 4.1% and Sui (SUI) dropped 4%, leading the index lower from Wednesday.
Alchemy's AI-driven identity and payment service gains access to Visa network -
The AgentCard integration with Visa Intelligent Commerce allows AI agents built on models from any provider, including OpenAI or Anthropic, to effect commercial transactions.
Hive shares jumps 10% on $220m Canada sovereign AI infrastructure deal -
GPU cloud contract with Bell and Cohere strengthens HIVE's shift from bitcoin mining to high performance AI computing.
The great rotation: Investors desert the Magnificent 7, crypto for AI bottlenecks -
Capital is flowing out of the largest tech companies and bitcoin as investors pile into semiconductors, memory stocks and space-related opportunities.
Bitcoin's nemesis, the Dollar Index, is on the verge of a major breakout -
Your day-ahead look for June 18, 2026
Aster popped over 10% on radical 'buyback and burn' upgrade. But gains were short-lived -
ASTER sees two-way volatility as bullish protocol-specific news meets hawkish Fed.
Crypto market positioning is 'defensive and thin' after Fed, Marex analysts say -
While the Federal Reserve held interest rates, Chair Kevin Warsh made it clear the U.S. central bank is more worried about inflation than growth.
Malta's financial regulator explores bringing parts of DeFi under MiCA's orbit -
The MFSA is seeking feedback on whether decentralization should be assessed as a spectrum rather than a binary concept.
The bond market is flashing a clear signal on interest rates. Bitcoin bulls should take note -
The bond market is sending a signal that complicates prospects of a near-term bitcoin bull run.
bitcoin.com
CME’s Terrence Duffy Targets CFTC Perps Approval as Kalshi Volume Tops $3B -
CME Group CEO Terrence Duffy announced plans to sue the Commodity Futures Trading Commission over its decision to allow prediction-market operator Kalshi to offer bitcoin perpetual futures. Perps Should Be Classified as Swaps, Says CME Boss CME Group CEO Terrence Duffy said June 17 he plans to sue the Commodity Futures Trading Commission (CFTC) over […]
IMF Warns Nigeria’s Stablecoin Boom Could Weaken Local Currency Demand -
The IMF reports that Nigeria captured 60% of all stablecoin traffic in sub-Saharan Africa as users seek alternatives to traditional banking. IMF: Stablecoins Transform From Niche Market to Major Payment Route Nigerians are increasingly turning to U.S. dollar-pegged stablecoins to move money across borders as small businesses and households search for cheaper and faster alternatives […]
Bitcoin ETFs Lose $82M as Ark and Blackrock Reverse Prior Session Gains -
Crypto ETF flows turned negative again on Wednesday, June 17, as bitcoin and ether funds reversed the prior session’s broad gains. Still, HYPE and solana ETFs attracted fresh capital, showing that modest demand remains alive beneath the market’s choppy headline flows. HYPE ETFs Add $2.1M as Bitcoin and Ether Funds Return to Outflows The crypto […]
Tether Trims Bitdeer Stake After AI Push Lifts Bitcoin Mining Stock -
Tether has started trimming its Bitdeer (NASDAQ: BTDR) stake after reloading on the bitcoin mining and AI data center operator’s stock during a February selloff, generating about $12.7 million in proceeds. This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, […]
Ghana and the UK Use Blockchain to Recover $15.1M From Cross-Border Scam -
Law enforcement agencies from Ghana and the United Kingdom recently collaborated to seize $15.1 million in cryptocurrency from a transnational investment scam. An E-Commerce Front for Organized Crime Law enforcement agencies in Ghana and the United Kingdom have seized approximately $15.1 million in cryptocurrency from a sophisticated transnational investment scam. According to a Chainalysis rep...
Reason
Cato Institute
Tenth Amendment Center
They’re not Grievances. They’re STOLEN Power -
Declaration of Independence: That long list of charges against the king aren’t mere “grievances.” That word isn’t even in the text. They Founders didn't secede and fight a long, bloody war over mere complaints about bad policy. American Independence was built on something else spelled out in the text itself, and understood by everyone at the time. On this Episode - It's the foundation of the de...
Let’s Not Forget What Madison Said About War -
What Madison is pointing out is that among all the ways that government destroys the liberty of its own people, its wars are the worst.
The post Let’s Not Forget What Madison Said About War appeared first on Tenth Amendment Center.
It’s not Treason. It’s Self-Defense. -
“For transporting us beyond seas, to be tried for pretended offences.” From the Declaration of Independence, one of the charges against the King that justified secession. It was built on a violent American raid on the British few of us are ever taught about. In the early hours of June 10, 1772, a band of Rhode Islanders rowed out in the dark, shot and seriously wounded a Royal Navy commander, c...
Electronic Frontier Foundation
The Free and Open Web Is Under Attack at the IETF -
The ability to access publicly available information using automated tools is a central value and benefit of a free and open internet. Automated access—often called crawling or scraping—powers important, useful tools for locating, preserving, and analyzing online information. For example, crawling and scraping helps journalists, researchers, and watchdog organizations report the news, find secu...
The NO FAKES Act Could Silence Satire, Commentary, And News -
The NO FAKES Act is supposed to target harmful AI-generated impersonations. But in reality, it will make it easier to suppress commentary, satire, and other lawful speech. That's why EFF has signed a letter urging the Senate Judiciary Committee not to advance the bill in its current form.
Take action
Tell Congress to Say No to NO FAKES
In the letter, EFF joins a coalition of civil society group...
Onward, Friends -
After 26 years, today is my last day at EFF. It's been a terrific and wild ride — the organization has grown from a tiny band of fighty people trying to plant a flag for freedom and justice in the coming digital world into a large, established band of fighty people doing, well, much the same. The world around us has changed enormously. Our core values haven't budged.
I'm proud of what we've ac...
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
GOA and GOF Petition the Virginia Supreme Court for a Preliminary Ruling on Virginia’s Looming “Assault Firearms” Ban -
GOA and GOF Petition the Virginia Supreme Court for a Preliminary Ruling on Virginia’s Looming “Assault Firearms” Ban FOR IMMEDIATE RELEASE June 16, 2026 Springfield, VA — Gun Owners of America (GOA) and Gun Owners Foundation (GOF), alongside Virginia Citizens Defense League (VCDL) and 2A journalist John Crump, have petitioned the Virginia Supreme Court for an urgent ruling in their lawsuit cha...
IL: Stop Illinois’ Backdoor Handgun Ban – TAKE ACTION -
Anti-gun lawmakers in Springfield are trying to move HB 4471, the so-called “Responsible Gun Manufacturing Act,” out of the House Rules Committee. This bill isn’t about stopping violent criminals. It’s a backdoor ban aimed at common semiautomatic pistols, including many Glock-style handguns. HB4471 originally sought to criminalize the manufacture, sale, purchase, receipt, import, or transfer of...
Gun Owners of America Endorses Byron Donalds for Florida Governor -
Gun Owners of America Endorses Byron Donalds for Florida Governor FOR IMMEDIATE RELEASE June 11, 2026 TALLAHASSEE, FL — Gun Owners of America (GOA) proudly endorses U.S. Congressman Byron Donalds for Governor of Florida. As both a former Florida state lawmaker and a current member of Congress, Byron Donalds has compiled a perfect pro-Second Amendment record. As a freshman state representat...
Banking Dive
American Banker
Bank of International Settlements
Boris Vujčić: A European perspective on currency and convergence -
Keynote speech (virtual) by Mr Boris Vujčić, Vice-President of the European Central Bank, at the conference on Iceland's Currency Options, Frankfurt am Main, 2 June 2026.
Thóarinn G Pétursson: Currencies - buffers or amplifiers of shocks? -
Presentation by Mr Thóarinn G Pétursson, Deputy Governor of the Central Bank of Iceland, in the panel discussion "Currencies - buffers or amplifiers of shocks?", at the Reykjavik Economic Conference, Reykjavik, 28 May 2026.
Rosanna Costa: Presentation of the Financial Stability Report First Half 2026 -
Presentation by Ms Rosanna Costa, Governor of the Central Bank of Chile, of Central Bank of Chile's Financial Stability Report First Half 2026 before the Finance Commission of the Honorable Senate of the Republic, Santiago de Chile, 19 May 2026.
Federal Reserve - Press Releases
FDIC - Press Releases