Kitco News
Gold prices push above $4,200 as ADP says 44k jobs created in July -
(Kitco News) - The gold market is adding to its overnight gains, pushing to session highs above $4,200 an ounce as the U.S. economy created fewer private-sector jobs than expected in July, according to private-sector payroll processor ADP.
Silver leads metals higher as Hormuz optimism cuts oil risk premium - Kitco PM Report -
(Kitco NewsWire) - Spot gold prices were firmer, as spot silver prices rallied late Tuesday, as lower oil prices and softer bond yields helped offset still-hawkish Federal Reserve expectations after last week’s divided policy hold.
Gold can recover despite higher real yields as rate pressures ease, says Jefferies -
(Kitco News) - Gold prices have been chained to $4,000 an ounce as persistent inflation forces markets to price in rate hikes, raising the opportunity cost of holding a non-yielding asset.
Bank of Korea starts long-term domestic gold buying program -
(Kitco News) - Central bank gold demand has provided critical support for gold, and according to some analysts, it is a key reason why prices have been able to hold support at $4,000 an ounce.
Gold price catching a bid as JOLTS job openings drop to 7.36 million -
(Kitco News) - The gold market continues to hold on to solid gains and could attract a new bid as the U.S. labor market continues to show signs of cooling, with the number of jobs available dropping more than expected in June.
Gold firms as Fed uncertainty, China ETF demand offset yield pressure - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are modestly firmer and spot silver prices are sharply higher in early U.S. trading Tuesday, as traders balanced a dollar rebound, rising Treasury yields, firm U.S. activity data and reduced Middle East inflation risk.
Gold revaluation would pay Washington, not private holders, historian says -
(Kitco News) - America's gold is still valued at $42.22 an ounce on the federal books, more than $1 trillion below market. The fund built from the last revaluation was buying yen on Friday.
Gold steadies as oil slump cools inflation pressure, equities rally - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are higher in late U.S. trading Monday, as a sharp drop in crude oil and lower Treasury yields offset reduced safe-haven demand tied to tentative U.S.-Iran diplomacy.
Gold's $4,000 floor offers compelling value as investors look beyond Fed rhetoric – abrdn's Robert Minter -
(Kitco News) - The gold market's months-long correction has created an attractive entry point for long-term investors, according to one market strategist, who says the metal's ability to hold support around $4,000 an ounce reflects confidence that its structural bull market remains firmly intact.
Gold remains vulnerable despite months-long correction as macro risk premium lingers; silver faces weaker industrial outlook – Sucden -
(Kitco News) - The gold market remains stuck in neutral around $4,000 an ounce, and one international brokerage firm expects prices to remain rangebound through the third quarter, even as resilient economic growth and higher real yields continue to pose downside risks.
Zero Hedge
Iran Set To Emerge With More Hormuz Leverage Than Before The War Under Draft US-Oman Deal -
Iran Set To Emerge With More Hormuz Leverage Than Before The War Under Draft US-Oman Deal
President Trump said late Tuesday that talks with Iran are "moving along very nicely" - in a highly fluid and ambiguous situation where it appears the two sides are only interacting indirectly at best.
But the Iranian side has continued to insist that there are currently no peace or ceasefire...
Treasury Refunding: No Change To Auction Sizes As Bessent Deepens Reliance On Short-Term Debt -
Treasury Refunding: No Change To Auction Sizes As Bessent Deepens Reliance On Short-Term Debt
For yet another quarter, the Treasury's Quarterly Refunding offered no surprises, which considering the state of the US bond market is probably not a bad thing.
In its 8:30am ET report, the US Treasury retained its previous guidance for future debt issuance, signaling no change in note a...
"This Is Going To Surprise Some People": Leading Biden COVID-19 Figure Embraces The Lab Leak Theory -
"This Is Going To Surprise Some People": Leading Biden COVID-19 Figure Embraces The Lab Leak Theory
Authored by Jonathan Turley,
Former Biden White House COVID-19 Response Coordinator Dr. Ashish Jha this weekend became the latest denier of the lab theory to do a 180-degree turn. During the interview with CNN's Dana Bash, Jha admitted that he now believes that the most likely expla...
"Hiring Patterns Are Changing": ADP Reports Weakest Job Gains In 6 Months, But... -
"Hiring Patterns Are Changing": ADP Reports Weakest Job Gains In 6 Months, But...
Following a weaker than expected JOLTS report, but better than expected ISM employment data, ADP reports today (ahead of Friday's payrolls report) that the US economy added only 44k jobs in July (below the 65k expected and the lowest since January) after a revised 95k increase in the prior month...
...
Futures Hit New Record High On Strong Earnings Following Historic Call Buying Frenzy -
Futures Hit New Record High On Strong Earnings Following Historic Call Buying Frenzy
S&P 500 futures are up following yesterday’s first ATH since June; both tech and small caps are lagging, pointing to another potential broadening. A jump in US tech stocks is holding too, with Nasdaq-100 contracts rising after a 3.3% surge in the session before, powered by semiconductor stocks and b...
Brent Bounces As Houthis Attack, Sink Vessel Off Yemen With Sea Drone -
Brent Bounces As Houthis Attack, Sink Vessel Off Yemen With Sea Drone
The Houthis have quickly made good on their earlier threat, with the United Kingdom Maritime Trade Operations (UKMTO) Centre having reported the following fresh attack off Yemen:
UKMTO has received a time-late report of an incident 9NM southwest of Al Mukha, Yemen.
The CSO of the vessel has reported that the ve...
Fauci's Time Is Up... -
Fauci's Time Is Up...
Authored by Steve Watson via Modernity News,
Sen. Rand Paul has locked in the date for a committee vote that could finally impose real consequences on Anthony Fauci, the longtime public health official whose pandemic-era decisions reshaped daily life for millions of Americans.
On Thursday, the Senate Homeland Security and Governmental Affairs Committee wil...
"Momentum Continues": Lilly Jumps After Raising Revenue Outlook On Surging GLP-1 Demand -
"Momentum Continues": Lilly Jumps After Raising Revenue Outlook On Surging GLP-1 Demand
Shares of Eli Lilly & Co. are rising in premarket trading after the pharmaceutical giant raised its full-year revenue forecast following a 48% jump in second-quarter sales, fueled by accelerating demand for the diabetes drug Mounjaro and the obesity treatment Zepbound.
Lilly's second-quarter re...
Inside Ford's "Passionate" Reinvention -
Inside Ford's "Passionate" Reinvention
Ford has reshaped its business by narrowing its lineup to vehicles with stronger brand appeal and higher profit potential. Instead of offering a wide range of sedans, hatchbacks, and family cars, the company is concentrating on trucks, SUVs, sports cars, and models that customers can personalize with factory-backed upgrades, according to a new...
BP Retreats Further From Green Energy With Archaea Sale -
BP Retreats Further From Green Energy With Archaea Sale
Via City A.M.,
BP plans to sell Archaea Energy after the US biogas operation delivered weaker-than-expected returns.
Second-quarter adjusted profit climbed to $5.7 billion as Middle East disruption lifted oil and gas prices.
Meg O’Neill is simplifying BP’s portfolio, reducing debt and concentrating investment on i...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
Chinese dip-buying bolsters gold as prices find floor at $4,000 -
From Bloomberg Newsvia Financial Post / National Post, TorontoTuesday, August 4, 2026
Chinese institutional investors have swooped on gold in recent weeks, helping to arrest the precious metal's decline and keep prices above the key threshold of $4,000 an ounce.
Gold-backed exchange-traded funds in China saw 14 straight days of inflows up to Monday, the longest streak since March, according to ...
Why the U.S. stepped in after decades to prop up Japan's yen, and what's at stake -
By Lee Ying ShanCNBC, New YorkMonday, August 3, 2026
Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention, with analysts pointing to concerns over U.S. Treasury markets and Japan's financial system.
Tokyo has grown increasingly wary of the yen's decline, which recently dropped to its weakest level against...
Ed Steer: Bessent note at Camp David proves the end is nigh -
7:41p ET Monday, August 3, 2026
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "Bessent Note at Camp David Proves the End Is Night" and is posted at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/bessent-note-camp-david-proves-end-nigh
CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Commi...
Why Texas turned to Wyoming mint to produce its gold and silver coins -
By Dale KillingbeckCowboy State Daily, Cheyenne, WyomingSunday, August2, 2026
CASPER, Wyoming -- Texas is turning to a Wyoming mint to produce its official commemorative gold and silver coins sold through its Texas Bullion Depository.
Texas is the first state to authorize official commemorative coins and the first to have its own depository for precious metals. Officials from the state were at ...
Join GATA in October at the New Orleans Investment Conference -
The conference will be held Wednesday through Saturday, October 28-31, 2026
* * *
Brien Lundin: Sign-ups and Sell-Outs for the New Orleans Conference
By Brien LundinGold Newsletter / Golden OpportunitiesMetairie, LouisianaMonday, August 3, 2026
Over the past few weeks I've been chronicling the many signs of a bottom forming in gold and silver.
I've noted gold's occasional jumps higher, even in ...
Wolf Street
Legal Tender News
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 ...
What Is A "Legal Tender Law"? And, Is It A Problem? -
What is a legal tender law? Over the years, there has been some discussion about “legal tender laws” in the United States. I talked to a legal expert about it, and discovered – as I suspected – that ...
What Is Considered Legal Tender in the US? -
"Legal tender" means that the financial instrument in question legally serves to pay any public or private debt. Federal law guarantees its printed value regardless of its intrinsic convertible value, ...
Bill Introduced To Make Bitcoin A Legal Tender In Arizona -
Senator Wendy Rogers has introduced a bill proposing to make bitcoin a legal tender in the U.S. state of Arizona. The bill seeks to add bitcoin to the list of instruments considered legal tender in ...
The Conundrum Of Bitcoin Legal Tender Laws -
Nayib Bukele, El Salvador’s laser-eyed President, shocked the world at the Bitcoin 2021 conference in Miami when he announced that bitcoin would become legal tender in his country. A few days later, ...
CoinDesk
bitcoin.com
Luxembourg Expands FIU Alerts to Crypto Exchanges -
Luxembourg is enacting new legislation that empowers its Financial Intelligence Unit to issue cross-institution fraud alerts to both traditional banks and cryptocurrency exchanges. Targeting Crypto Loopholes Luxembourg is adding cryptocurrency exchanges to its emergency financial alert system under new anti-fraud legislation taking effect Aug. 8, extending broad asset-freezing notices beyond tr...
Korea’s Stock Market Crashed 33%, Then Jumped 18%: Crypto Traders Still Broke -
South Korea’s KOSPI crashed more than 33% in July, its worst monthly drop on record, then reversed it with an 18% single-day surge on the last day of the month. A Historic Crash, Triggered by a Chip Shock The KOSPI’s July decline surpassed the single-month drops recorded during the 1997 Asian Financial Crisis and the […]
Bitcoin Hovers Near $64,000 While Coldcard Losses Top $116M -
Bitcoin is holding near $64,000 after a week that delivered a $116 million Coldcard wallet hack, fresh Strategy selling and a stalling Clarity Act. A Week of Very Bad News for Bitcoin By any normal standard, bitcoin should be falling. The Coldcard hardware wallet theft has topped $116 million, with waves of drains continuing since […]
Musk’s SpaceX Tops Forecasts But Bitcoin Stash Sheds $540 Million -
Elon Musk’s SpaceX beat Wall Street revenue estimates in its first earnings report since June’s initial public offering (IPO), but the value of its 18,712 BTC treasury dropped $540 million in six months. Revenue Beats, Losses Narrow SpaceX delivered its first earnings report as a public company on Tuesday, and the headline numbers cleared Wall […]
Democrats Move to Block CLARITY Act Due to Stalled Ethics Talks -
Senate Democrats plan to deny cloture on the Clarity Act, Punchbowl News reported, leaving the landmark crypto market structure bill short of 60 votes just days before the Aug. 7 recess. ‘They Don’t Want This to Happen’ Senate Democrats intend to deny cloture on the Clarity Act. The reason seems to be no visible progress […]
Reason
VDARE's Libel Case Against N.Y. Times Thrown Out -
From N.Y. trial court judge Lisa Headley in VDARE Found., Inc. v. N.Y. Times Co., decided July 20: In this…
The post VDARE's Libel Case Against N.Y. Times Thrown Out appeared first on Reason.com.
"After the Hallucination: What 100 Recent Cases Reveal About Candor, AI Errors, and Sanctions" -
From Adam Feldman (Legalytics) yesterday—unsurprising, but it's helpful that this can be shown concretely: This article examines what courts have…
The post "After the Hallucination: What 100 Recent Cases Reveal About Candor, AI Errors, and Sanctions" appeared first on Reason.com.
My New Dispatch Article on Trump's Section 301 "Forced Labor" Tariffs -
The article explains why the new tariffs are harmful and illegal for many of same reasons as those invalidated by the Supreme Court.
Stop-Talking-to-Me Order Against Ex-Landlord Who Kept Texting Ex-Tenant About COVID Vaccines -
From Gonda v. Duering, decided Friday by the Hawaii intermediate appellate court (Justices Katherine G. Leonard, Keith K. Hiraoka, and…
The post Stop-Talking-to-Me Order Against Ex-Landlord Who Kept Texting Ex-Tenant About COVID Vaccines appeared first on Reason.com.
Eleventh Circuit En Banc Upholds Florida Ban on Knowingly Admitting Minors to Obscene-as-to-Minors Performances -
An excerpt from the long majority opinion (by Judge Andrew Brasher, signed by eight judges) yesterday in HM Florida-ORL, LLC…
The post Eleventh Circuit En Banc Upholds Florida Ban on Knowingly Admitting Minors to Obscene-as-to-Minors Performances appeared first on Reason.com.
Roanoke Removes Gunshot Detectors Months After Approving Them -
Limited evidence of effectiveness combined with privacy concerns raises questions about the sensors.
Today in Supreme Court History: August 5, 1974 -
8/5/1974: Shortly after the Supreme Court decided United States v. Nixon, President Nixon released the "smoking gun" tape recorded in…
The post Today in Supreme Court History: August 5, 1974 appeared first on Reason.com.
Brickbat: Banned T-Shirt -
In Australia, Ian Minus was fined $1,500 dollars (U.S. $1,050) after being convicted of knowingly displaying a Nazi symbol in…
The post Brickbat: Banned T-Shirt appeared first on Reason.com.
Open Thread -
What’s on your mind?
Dropped Cases Against Alleged Reflecting Pool Vandals Followed a Rush to Judgment -
Trump still seems to think the question of individual guilt or innocence is irrelevant.
Cato Institute
Tenth Amendment Center
President or King? It’s not the TITLE. It’s the POWER. -
For the founders, an elective monarchy was just as bad as an hereditary one - because the core issue was the power of discretion. On this episode, it’s 6 of the most dangerous powers of a king as the founders understood them. And you just might recognize every single one of them today.
The post President or King? It’s not the TITLE. It’s the POWER. appeared first on Tenth Amendment Center.
The Buck Stops Nowhere -
Having burned through billions of dollars and depleted critical munitions stockpiles, the Pentagon is running out of money. Our money. According to the Washington Post, the Pentagon is facing an urgent budget shortfall caused largely by the Iran war, with some critical funding accounts expected to run dry within weeks. Training, maintenance and other military priorities are reportedly being […]...
Constitution Enforcement: 6 Ignored Steps That Actually Work -
The founders knew exactly what it takes to deal with unconstitutional power. How that gets done? It’s built on their experience and tactics against the British empire. On this Episode - it’s 6 steps that actually work as the real enforcement mechanism for the constitution. They come right from the American Revolution, backed by the ultimate check - the duty of self preservation
The post Constit...
Electronic Frontier Foundation
Tomorrow’s U.S. Senate Vote: Four Internet Bills, One Wrong Direction -
The Senate Commerce Committee will vote this week on several censorious and privacy invasive bills: KOSA, the SCREEN Act, Youth AI Privacy Act, and CHATBOT Act. While we appreciate that the Committee is taking the time to look at these bills separately, it’s still impossible to ignore the message Congress is sending to the world: Age-gate the internet and block young people from speaking and ac...
Appeals Court Agrees with EFF that Building a Web Browser Doesn’t Violate the CFAA -
The Ninth Circuit Court of Appeals has endorsed a commonsense technical interpretation of the Computer Fraud and Abuse Act (CFAA), a law not usually given to such interpretation. Amazon had sued Perplexity AI to try to shut down its Comet browser, claiming the browser’s optional agentic AI “Assistant” that can browse websites like Amazon for comparison shopping purposes, violated the CFAA becau...
Mobile Ad Software Encourages Location Data Sharing, EFF Report Finds -
Developers Must Beware of Ad Libraries that Betray Users’ PrivacySAN FRANCISCO – Some software development kits (SDKs) provided by advertising companies to help developers monetize their apps are automatically feeding users’ location data into systems that location data brokers use to track people, an Electronic Frontier Foundation (EFF) report found.
EFF began investigating the location-shari...
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
WY: GOA Endorses 30+ Pro-Gun Candidates Across Wyoming -
See GOA’s list of pro-2A candidates before the upcoming August 18 primary Gun Owners of America is proud to endorse the following candidates in Wyoming’s Republican primary on Tuesday, August 18, 2026: **Click on any image above to download full size graphic for sharing** To find your legislative district, click the button below; cross-reference your district with the list above … Read more
Gun Owners of America Sues U.S. Virgin Islands Over Unconstitutional Ban on Nonresident Right to Bear Arms -
Gun Owners of America Sues U.S. Virgin Islands Over Unconstitutional Ban on Nonresident Right to Bear Arms FOR IMMEDIATE RELEASE July 20, 2026 CHARLOTTE AMALIE, USVI — Gun Owners of America (GOA) and Gun Owners Foundation (GOF) have filed a federal lawsuit challenging the U.S. Virgin Islands’ prohibition on nonresidents exercising their Second Amendment rights. The lawsuit argues the USVI ...
WY: Which Candidates Will Defend Your Gun Rights? -
The Wyoming Primary Election is quickly approaching, and your vote will help determine who will defend your Second Amendment rights in the years ahead. Gun Owners of America has completed our candidate evaluations and issued letter grades for a number of candidates across Wyoming based on their records, voting histories, responses to GOA’s candidate survey, and demonstrated commitment to protec...
Banking Dive
American Banker
Bank of International Settlements
Energy shocks and inflation: challenges for monetary policy -
by Ryan Niladri Banerjee, Fiorella De Fiore, Marco Jacopo Lombardi, Giovanni LombardoThe recent energy shock ranks among the most significant since the 1990s. Structural factors and initial conditions influence how energy shocks propagate into inflation – directly and through second-round effects. The appropriate monetary policy reaction depends on the persistence of the inflationary pressures ...
Michelle W Bowman: Responsible innovation and financial inclusion -
Speech (via pre-recorded video) by Ms Michelle W Bowman, Vice Chair for Supervision of the Board of Governors of the Federal Reserve System, at "Next-gen financial inclusion", the third annual Financial Inclusion Conference hosted by the Federal Reserve Board, Washington DC, 14 July 2026.
Philip N Jefferson: Navigating economic shocks - a monetary policymaker's perspective -
Speech by Mr Philip N Jefferson, Vice Chair of the Board of Governors of the Federal Reserve System, at the Stanford Institute for Economic Policy Research, Stanford University, Stanford, California, 16 July 2026.
Federal Reserve - Press Releases
FDIC - Press Releases