Kitco News
Bank of Canada maintains rate at 2.25%, says they ‘will not let higher energy prices become persistent inflation’ -
(Kitco News) - The Bank of Canada (BoC) maintained its key overnight rate at 2.25% on Wednesday, as expected, with the bank rate staying at 2.50% and the deposit rate remaining at 2.20%. The BoC said economic activity in Canada has been weak and uncertainty about U.S. trade policy persists, while the conflict in the Middle East is ongoing and oil prices remain elevated, but they reiterated...
Gold, silver fall as CPI keeps Fed pressure on - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are sharply lower and spot silver prices are also weaker in early U.S. trading Wednesday, as May inflation held above 4%, Treasury yields stayed elevated and U.S.-Iran tensions kept energy-risk pressure in the macro backdrop.
Gold market exhales as U.S. CPI rises roughly in line with expectations -
(Kitco News) - The gold market is seeing some volatility with a modest relief rally as U.S. inflation pressures continue to rise, but in line with economists' expectations.
Gold market could see further ETF redemptions as prices turn negative on the year - Standard Chartered’s Cooper -
(Kitco News) - The gold market continues to test its lower bounds, with one analyst seeing further fragility in the marketplace.
Gold, silver slide as rate risk overwhelms haven demand - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply lower after the close Tuesday, as rate-hike expectations and a bearish technical break outweighed weaker crude oil and residual safe-haven demand tied to the Strait of Hormuz.
Platinum, palladium extend losses as Bank of America maintains bullish year-end price outlook -
(Kitco News) - While most investors have been focused on gold’s recent breakdown, there has been a broad-based sell-off in the precious metals complex, with platinum group metals feeling the brunt of the sell-off.
Gold and silver will gain as rising debt and inflation reprice bonds and the broader market – Sprott’s Wong -
(Kitco News) – Rising debt and inflation levels are repricing markets while the constraints on available policy responses favor hard assets, and the recent price pullback and subsequent consolidation of gold and silver hasn’t violated this thesis, according to Paul Wong, managing partner and market strategist at Sprott Inc.
Citi cuts near-term gold price target from $4,300 to $4,000, warns of limited upside -
(Kitco News) – Citigroup’s commodities research team cut its gold price target for the next three months to $4,000 per ounce from $4,300, with analysts citing improving macro conditions and a less supportive demand backdrop as the key reasons, according to a research note published Monday.“We see limited catalysts for a sustained move higher in the very near term,” the note said.
Gold price continues to struggle as U.S. Existing Home Sales rise 3.2% in May -
(Kitco News) - The gold market continues to struggle to attract new bullish attention and could see renewed selling pressure as the U.S. housing market appears to be stabilizing.
Gold firms, silver rebounds near 200-day average as CPI looms - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are firmer and spot silver prices are also higher in early U.S. trading Tuesday, as oil prices pulled back, U.S. equity futures pointed higher and traders looked ahead to Wednesday’s May consumer price index.
Zero Hedge
Taiwan Test Fires US Mobile Launchers Into Waters Directly Facing China For First Time -
Taiwan Test Fires US Mobile Launchers Into Waters Directly Facing China For First Time
China's PLA military has long been known to intimidate and threaten the self-ruled island of Taiwan, mainly with large military exercises which sometime encircle it partially or completely, or else with a heavy naval boat presence in the Strait of Hormuz.
Taiwan's military often reacts by scramb...
Peacefire -
Peacefire
By Michael Every of Rabobank
Welcome to the ‘peacefire’. After Israel and Iran were pulled back from the brink of new war by Trump on Monday, Wednesday morning Asia time saw him then strike Iran, and it fire at US bases in the Gulf, in response to Tehran downing a US Apache helicopter. It appears the US hit radar and missile/drone facilities around and in the Strait of H...
Oil Prices Extend Gains After Another Big Crude Draw, Cushing 'Tank Bottoms' Loom -
Oil Prices Extend Gains After Another Big Crude Draw, Cushing 'Tank Bottoms' Loom
Oil prices are higher this morning on renewed fighting between the US and Iran (and Trump rhetoric), while API reported a major crude inventory draw (for an eighth week in a row).
Additionally, in its monthly Short-Term Energy Outlook released on Tuesday, the Energy Information Administration (EIA) r...
From Token-maxxing To Token-panic: Citrini Warns AI Goldilocks Narrative Hitting A Wall -
From Token-maxxing To Token-panic: Citrini Warns AI Goldilocks Narrative Hitting A Wall
When the world and their pet rabbit was buying the hype and extrapolating trends to infinity and beyond, we dared to highlight a few 'economic' realities of the new 'tokenomics'.
From Singularity To Tokenomics: The AI Narrative Just Hit A Serious Snag
Was Amazon's Tokenmaxxing Fiasco Behind ...
10 Reasons You Shouldn't Ignore This Week's Sharp Reversal And Selloff -
10 Reasons You Shouldn't Ignore This Week's Sharp Reversal And Selloff
Submitted by QTR's Fringe Finance
Today’s reversal and selloff may end up being just another volatile session in an ongoing bull market. But I think investors would be making a mistake if they dismissed it outright, because it might not be. Sharp reversals often reveal underlying stress that has been building b...
Americans' Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years -
Americans' Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years
With expectations of a 4%-plus print, all eyes are on this morning's CPI report as we move past April's shutdown-related distortions.
Headline CPI rose 0.5% MoM (as expected) in May, lifting prices 4.2% YoY (also as expected). The first 4%-plus print since April 2023...
Core Goods prices deflated in Ma...
Amazon Freight Expansion Sparks Selloff Across Trucking Stocks -
Amazon Freight Expansion Sparks Selloff Across Trucking Stocks
Less-than-truckload freight stocks fell in premarket trading in New York after Amazon roiled the industry yet again - this time by announcing expanded LTL services to cover all U.S. destinations, including third-party warehouses, distribution centers, and retail partners.
"Businesses now have the flexibility to ship by...
Trump 'May Keep Going' With Strikes As Iran Took 'Too Long' To Negotiate Deal, Must 'Pay The Price' -
Trump 'May Keep Going' With Strikes As Iran Took 'Too Long' To Negotiate Deal, Must 'Pay The Price'
Summary
Trump tells Fox he "may keep going" with strikes.
Trump says Iran took too long to negotiate, and now "will have to pay the price".
Tehran claims prior night attacks in Kuwait, Bahrain and Jordan as fulfilment of its previously vowed 'retaliation' - targeted the Fifth Flee...
Ukraine Hits Over Half A Dozen Energy & Industrial Sites Deep Inside Russia Overnight -
Ukraine Hits Over Half A Dozen Energy & Industrial Sites Deep Inside Russia Overnight
Ukraine has hit Russia in another sweeping wave of overnight aerial attacks, especially targeting industrial facilities and energy infrastructure across multiple regions, and the extent of damage is yet to be disclosed.
One of the key targets was reportedly the VNIIR-Progress plant, located in th...
Graham Platner Wins Maine Senate Democratic Nomination, Locking In Face-Off With Collins -
Graham Platner Wins Maine Senate Democratic Nomination, Locking In Face-Off With Collins
Authored by Joseph Lord via The Epoch Times,
Democratic voters in Maine on Tuesday nominated oysterman and military veteran Graham Platner as their candidate to take on incumbent Sen. Susan Collins (R-Maine), locking in the nominees for one of the most critical Senate elections of the 2026 cyc...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
New Fed chairman wants to move the inflation goalposts -
By Mike MaharreyMoney Metals Exchange, Eagle, IdahoTuesday, June 9, 2026
What do you do if you have a standard that's not being met?
Move the goalposts!
Of course you could work harder to meet the goal. But that's hard. So why not just change the standard and make it easier to meet?
That seems to be a strategy at the Federal Reserve.
... Dispatch continues below ...
... ADVERTISEMENT ...
Bull...
Consumer prices rose 4.2% annualized in May, highest in three years -
By Jeff CoxCNBC, New YorkWednesday, June 10, 2026
Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense.
The consumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statist...
Governments sell bonds at record pace as their spending soars -
By Hannah Benjamin-Cook and Alice GledhillBloomberg NewsWednesday, June 10, 2026
Governments are borrowing from syndicated bond markets at a record clip as public spending surges.
Sovereign issuers have sold $504 billion of the debt -- which is offered to investors via banks -- so far this year, according to data compiled by Bloomberg.
That's more than in the first half of 2020, when nations we...
India's gold tariff hike prompts smuggling revival, squeezes banks and refiners -
By Rajendra JadhavReutersTuesday, June 9, 2026
MUMBAI -- India's sharp increase in gold import tariffs is fueling a resurgence in smuggling that could exceed 100 metric tons this year, as soaring gray-market margins allow smugglers to undercut banks and refiners of the precious metal, industry officials and bullion dealers said.
India, the world's biggest gold market after China, more than do...
BIS gold swaps rise as the metal's price falls -
9:53p ET Tuesday, June 9, 2026
Dear Friend of GATA and Gold:
As gold prices keep falling, gold swaps arranged by the Bank for International Settlements on behalf of its member central banks keep rising.
Drawing on the bank's monthly statement for May --
https://www.bis.org/banking/balsheet/statofacc260531.pdf
-- which was published today hard upon publication of the bank's statements for March ...
Wolf Street
Legal Tender News
These Countries May Be Next To Accept Bitcoin as Legal Tender -
One of the main knocks against cryptocurrency has always been that it will never gain universal adoption, meaning its usefulness will always be limited. This perhaps changed forever on September 7, ...
Legal Tender Forces Gold Out -
The government has many ways of forcing us to use their paper dollar as money. The tax on capital gains on gold (I wrote about this here) is one bullet in their gun. The legal tender law—U.S. Code ...
Federal Reserve Note: What It Is, Longevity, and Key Features -
Discover what Federal Reserve notes are, their lifespan, and key features that make them secure and essential as the official paper currency of the U.S.
Next week El Salvador will become the first country to accept bitcoin as currency -
The government even went a step further in promoting the cryptocurrency’s use by giving $30 in free bitcoins to citizens who sign up for its national digital wallet, known as Chivo, or “cool” in ...
Arkansas Passes Legal Tender Act, Removes Taxes on Gold and Silver -
Arkansas Governor Signs Senate Bill 1718, Reaffirming Gold and Silver as Legal Tender and Removing All Tax Liability from the Monetary Metals LITTLE ROCK, AR / ACCESSWIRE / April 20, 2023 / Sound ...
CoinDesk
bitcoin.com
Mastercard’s AI Payment Debut Brings Coinbase, Ripple and 30+ Partners Into Agent Commerce -
Mastercard has launched Agent Pay for Machines, a new payment framework that allows AI agents to authorize, coordinate, and settle transactions across its global network. The launch includes more than 30 partners, including Coinbase, Ripple, Stripe, and Solana Foundation, as companies test commerce that operates continuously without traditional checkout processes. Mastercard Brings Agent Pay fo...
CFTC Chairman Selig Backs Prediction Markets With New Case-by-Case Framework -
The U.S. Commodity Futures Trading Commission (CFTC) published a Notice of Proposed Rulemaking on Wednesday, laying out a structured, contract-by-contract review process for event contracts that may involve terrorism, war, gaming, or other restricted activities under federal law. The move replaces an approach that prior CFTC leadership had tried and failed to advance. In 2024, […]
Trump Warns Iran Will ‘Pay the Price’ as Gas Prices Jump 40% and Inflation Hits 3-Year High -
The U.S. Bureau of Labor Statistics reported Wednesday that May 2026 headline consumer price inflation climbed to 4.2% year-over-year, the hottest reading since April 2023, driven almost entirely by a war-linked energy spike as President Donald Trump escalated rhetoric against Iran on the same morning. Inflation Accelerates for Third Straight Month The May CPI print, […]
Blackrock’s IBIT Leads $77M Bitcoin ETF Outflow as XRP Funds Add $7.4M -
Crypto ETF flows turned cautious again on Tuesday, June 9, as bitcoin ETFs posted a third straight day of outflows and ether funds slipped back into redemptions after Monday’s rebound. XRP and solana ETFs drew modest inflows, while HYPE products saw no trading activity. Bitcoin and Ether ETFs Lose $118M as XRP and Solana Draw […]
Defillama Adds Pre-IPO Perps for OpenAI, SpaceX, and Anthropic as Onchain AI Bets Heat Up -
Defillama has begun tracking pre-IPO perpetual futures for Anthropic, OpenAI, SpaceX, and Quantinuum, as onchain traders are racing to bet on the year’s biggest private companies before they go public. Onchain Markets for Companies That Aren’t Public Yet Crypto data aggregator Defillama said it has added new pre-IPO perpetual futures markets spanning four closely watched […]
Reason
My New Lawfare Article on "Why Callais Doesn't Justify Court-Packing" -
Court-packing would cause great harm, including by boosting power-grabbing presidents like Trump. Callais's flaws are better addressed by other means.
Why So Many People Feel Lost -
Rebecca Goldstein discusses the search for meaning, the roots of modern discontent, and how people build purpose in a secular age.
Mitch McConnell's Hemp Ban Betrays the Industry He Helped Create -
Federal prohibition of hemp-derived THC products would destroy a $37.5 billion industry to solve a problem states are already handling.
Scott Pelley Goes Off on Bari Weiss: 'CBS News Is on Fire' -
Robby Soave and Amber Duke discuss the recent drama between Scott Pelley and Bari Weiss at CBS.
President Trump Storms Out of NBC Interview -
Pressed on election fraud claims and a proposed $1.8 billion “anti-weaponization” fund, the president abruptly ended a tense exchange with NBC’s Kristen Welker.
Maine Kampf -
Plus: Risky play, strikes on Iran, Steve Hilton advances, and more...
Author Matt Taibbi's Libel Claim Over House Member's Social Media Posts Dismissed -
From Taibbi v. Kamlager-Dove, decided Monday by Judge Evelyn Padin (D.N.J.): Representative Kamlager-Dove … is … the Ranking Member of…
The post Author Matt Taibbi's Libel Claim Over House Member's Social Media Posts Dismissed appeared first on Reason.com.
Today in Supreme Court History: June 10, 1916 -
6/10/1916: Justice Charles Evans Hughes resigns.
The post Today in Supreme Court History: June 10, 1916 appeared first on Reason.com.
Illinois Just Adopted a Half-Baked Scheme to Tax Social Media -
A lack of comprehension and sloppy language make a mess of a new tax scheme.
Brickbat: Rats and Roosters -
Denver Golmon, a police officer in Hammond, Louisiana, is facing federal charges for allegedly exposing the identity of a confidential informant…
The post Brickbat: Rats and Roosters appeared first on Reason.com.
Cato Institute
Tenth Amendment Center
A Nation of Suspects -
Some of the recent legal challenges to the use of surveillance by the Department of Homeland Security upon Americans have resulted in the revelation of truly terrifying behavior by the government, in direct defiance of the Fourth Amendment to the Constitution. We now know that the federal government spies on innocent Americans without suspicion and […]
The post A Nation of Suspects appeared fir...
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 ...
Electronic Frontier Foundation
How and Why to Fight Back Against Social Media Bans -
Several U.S. states are pushing to ban young people from social media entirely. This marks the latest wave of censorship bills masquerading as “children’s online safety” measures, with states like Massachusetts, Idaho, Minnesota, North Carolina, South Carolina, Illinois, and EFF’s home state of California leading the charge.
Just a few years ago, lawmakers supporting age-gating laws insisted th...
Tell Congress: Just Say No to NO FAKES -
The Senate Judiciary Committee is set to consider and vote on the Nurture Originals, Foster Art, and Keep Entertainment Safe Act (NO FAKES). Instead of targeting the real privacy harms posed by AI-generated replicas, this law would create another layer of internet censorship on top of the already existing legal and voluntary takedown systems. Congress should reject NO FAKES.
Take action
Tell Co...
VICTORY: Meta Strips Facial Recognition Code From Smart Glasses App After Public Outcry -
Just days after a damning WIRED report exposed that Meta had quietly embedded facial recognition technology (FRT) code into millions of phones, the tech giant has quietly acquiesced in demands to reverse course.
Last week, researchers identified code in Meta AI, a companion app for its line of smart glasses, that could convert images of faces into unique biometric signatures to identify strange...
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
Gun Owners of America & Fuerza 2A Proudly Endorses James Uthmeier for Florida Attorney General -
Gun Owners of America & Fuerza 2A Proudly Endorses James Uthmeier for Florida Attorney General June 9, 2026 TALLAHASSEE, FL — Gun Owners of America & Fuerza 2A are proud to endorse James Uthmeier for Florida Attorney General, citing his proven record of defending the Second Amendment and standing with law-abiding gun owners. As Florida’s Attorney General, Uthmeier has used … Read more
VA: GOA’s Lawsuit Over Gun & Magazine Bans has a hearing this Friday – TAKE ACTION -
Gun Owners of America, Gun Owners Foundation, Virginia Citizens Defense League, Virginia Citizens Defense Foundation, and gun rights journalist John Crump’s suit against Virginia’s new gun control laws is being heard this Friday. The case, Crump v. Katz, challenges SB749 and SB727, the sweeping bans on so-called “assault firearms” and standard-capacity magazines. These laws target some of the m...
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...
Banking Dive
American Banker
Bank of International Settlements
Burkhard Balz: Cash and the digital euro – complementary forms of public money -
Opening statement by Mr Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, at the ESTA Conference and Exhibition 2026, Berlin, 8 June 2026.
Michael S Barr: Deregulating in a financial boom - what could go wrong? -
Speech by Mr Michael S Barr, Member of the Board of Governors of the Federal Reserve System, at the American University, Washington DC, 6 June 2026.
Michele Bullock: Opening Statement to the Senate Economics Legislation Committee (Budget Estimates 2026–2027) -
Opening statement by Ms Michele Bullock, Governor of the Reserve Bank of Australia, to the Senate Economics Legislation Committee (Budget Estimates 2026–2027), Canberra, 4 June 2026.
Federal Reserve - Press Releases
FDIC - Press Releases