Kitco News
Gold heads for steep weekly loss as Hormuz tensions lift crude toward five-month highs - Kitco AM Report -
(Kitco NewsWire) – Spot gold and silver prices were sharply lower in early U.S. trading Friday, extending Thursday's heavy losses as renewed Middle East tensions pushed crude oil prices higher and reinforced expectations that the Federal Reserve will maintain restrictive monetary policy.
Precious metals tumble despite falling yields as Hormuz tensions intensify - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices were sharply lower in late U.S. trading Thursday, as renewed Middle East tensions sent crude oil prices higher, reinforcing inflation concerns and expectations for additional Federal Reserve tightening.
War in Iran, higher energy prices are only delaying gold's rally to $5,000; mining stocks remain undervalued – Gabelli -
(Kitco News) - The ongoing war in Iran and disruptions to global energy supplies are driving inflation pressures higher, forcing central banks to maintain restrictive monetary policies, which is taking its toll on gold; however, one fund manager says the conflict is only delaying gold's eventual rally, while the mining sector continues to generate significant cash flow at historically elevated ...
Newmont beats third-quarter earnings expectations as higher gold sales boost profits; miner raises 2026 cost outlook -
(Kitco News) - Despite ongoing headwinds, the world's largest gold producer reported stronger-than-expected third-quarter earnings Thursday, as higher gold sales volumes and elevated metal prices helped boost profitability and cash flow.
‘Very bizarre action’ as gold retraces entire summer rally to test $4,000/oz: AI weakness, or yen intervention? – Jesse Columbo -
(Kitco News) – Gold’s dramatic Thursday selloff Has erased all of the yellow metals gains since the summer, and the lack of correlation with the US dollar index and bond yields suggests that this could be more than liquidations from the tech selloff, and may indicate the next round of yen interventions by the U.S. government, according to Jesse Colombo, independent precious metals analyst and f...
Gold and silver are not the best inflation hedges; investors should diversify into the commodity supercycle – Auspice Capital -
(Kitco News) - Gold’s disappointing performance in recent months is further proof that it is not a reliable inflation hedge, and while it remains an important diversification tool, one fund manager says investors should be looking at broad-based exposure to commodities as the global economy enters what could be a generational supercycle.
‘Gold is no silver bullet’ and isn’t hedging against equity drawdowns, but ‘debasement trade’ should continue – HSBC -
(Kitco News) – Gold will continue to benefit from the debasement trade despite its recent weakness, but precious metals investors would do well to diversify, as the yellow metal hasn’t provided effective protection against recent stock market pullbacks, according to market strategists at HSBC Asset Management.
Gold, silver pressured despite lower yields as Hormuz attacks send crude higher - Kitco AM Report -
(Kitco NewsWire) – Spot gold and silver prices were sharply lower in early U.S. trading Thursday, as renewed attacks on commercial shipping in the Strait of Hormuz and rising Middle East tensions pushed crude oil prices higher.
Gold prices struggling as U.S. weekly jobless claims fall to three-month low -
(Kitco News) - The gold market is struggling below $4,100 an ounce and could face further selling pressure as the U.S. labor market remains relatively healthy, with fewer American workers applying for unemployment benefits than expected.Initial claims for state unemployment benefits came in at a seasonally adjusted 194,000 for the week ending October 17, the Labor Department announced Thursday....
Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns - Kitco PM Report -
(Kitco NewsWire) - Spot gold prices were higher in late U.S. trading Wednesday, while spot silver recovered from earlier losses, as a softer U.S. dollar and easing crude oil prices provided some support for precious metals despite persistent inflation concerns and expectations for additional Federal Reserve tightening. Strong corporate earnings lifted major U.S. stock indexes
Zero Hedge
SK Hynix Scraps Solidigm IPO, Single-Handedly Drags Kospi Out Of A 4% Hole And Easing AI Rout -
SK Hynix Scraps Solidigm IPO, Single-Handedly Drags Kospi Out Of A 4% Hole And Easing AI Rout
Last night we were fairly confident how the Korean session would go.
Three hours until Korea is halted seconds after the open
— zerohedge (@zerohedge) October 22, 2026
Well, we were half right.
The Kospi did crater at the open, sliding as much as 4.1% and more than halfway to triggering ...
Trump Invokes Defense Production Act To Increase Petroleum Production -
Trump Invokes Defense Production Act To Increase Petroleum Production
Authored by Timothy Frudd via The Epoch Times,
President Donald Trump invoked the Defense Production Act of 1950 in a memorandum on Oct. 22 to increase oil production in the United States as prices remain elevated amid the Iran conflict.
In Thursday's memorandum, Trump determined that ensuring the United Stat...
SpaceX Targets 80,000 Cell Sites To Challenge Telecom Giants As Wall Street Weighs In -
SpaceX Targets 80,000 Cell Sites To Challenge Telecom Giants As Wall Street Weighs In
Elon Musk is accelerating plans to build a fourth major nationwide wireless carrier, with SpaceX seeking access to at least 80,000 US cell sites, according to Bloomberg News. The prospect of a new rival to AT&T, Verizon, and T-Mobile lifted tower stocks in premarket trading, while shares of those ...
Futures Wobble After AI Bloodbath As Brent Hits $114, France Braces For Moody's -
Futures Wobble After AI Bloodbath As Brent Hits $114, France Braces For Moody's
US futures are lower, erasing a modest overnight bounce, as markets scramble after Thursday's violent AI liquidation while oil rises again: Brent hit the highest level since May after the Houthis fired another missile at Riyadh and an IRGC official declared traffic of "illicit" vessels through Hormuz "c...
Museum Hides Egyptian Mummies For Ridiculous Reason... -
Museum Hides Egyptian Mummies For Ridiculous Reason...
Authored by Steve Watson via Modernity.news,
A Glasgow museum has pulled Egyptian mummies and other human remains from public view because the long-dead never provided "informed consent" to be displayed.
Yes, really, they've been moved to storage because the 5,000 year old people didn't say it was OK to display their remain...
"Those Times Are Gone": Volvo Crashes As China Sales Collapse, BofA Recommends Default Protection -
"Those Times Are Gone": Volvo Crashes As China Sales Collapse, BofA Recommends Default Protection
Volvo Cars shares in Stockholm crashed the most since the company's October 2021 listing. The Swedish automaker announced another 2,500 job cuts and warned that its Chinese sales are under severe pressure.
Third-quarter deliveries in China plunged 40% as domestic brands gained ground...
"We Should Not Have Done It": Thiel Breaks With Trump Over Iran War, Warns America May Not "Have The Hard Power" -
"We Should Not Have Done It": Thiel Breaks With Trump Over Iran War, Warns America May Not "Have The Hard Power"
One day after we reported that Donald Trump Jr. has privately broken with his father over the Iran war, Peter Thiel, the PayPal and Palantir (PLTR) co-founder who was the first big tech investor to back Trump in 2016 and the biggest funder of super PACs behind JD Vance's...
'Right Down To Toddlers': Meghan Markle's Father Reportedly Under Investigation For Child Porn After Son Reported To Cops -
'Right Down To Toddlers': Meghan Markle's Father Reportedly Under Investigation For Child Porn After Son Reported To Cops
Meghan Markle's father, Thomas Markle Sr., is reportedly under investigation in the Philippines over what his son says are "hundreds, if not thousands" of child sexual abuse images found among belongings he left behind in Cebu, according to the Sun's Nick Parker...
Europe Went All In On EVs. Now Its Automakers Are Losing Out -
Europe Went All In On EVs. Now Its Automakers Are Losing Out
Authored by Kevin Stocklin via The Epoch Times,
Global sales of electric vehicles (EVs) in 2025 increased by 20 percent over the previous year, exceeding 20 million units worldwide, with much of the increase driven by Europe, where sales jumped by 30 percent, according to the International Energy Agency (IEA).
But eve...
US Blacklists Sam Altman's Old Y Combinator China Pick Over Startup Built On Stolen Google AI Secrets -
US Blacklists Sam Altman's Old Y Combinator China Pick Over Startup Built On Stolen Google AI Secrets
Of all the people who could end up on a US sanctions list for bankrolling stolen Google AI technology, a former Microsoft executive hand-picked by Sam Altman to run Y Combinator's China arm was probably not on many bingo cards. And yet here we are.
On Monday, the State Department ...
MarketWatch - Top Stories
We have a $300,000 mortgage with a 2.75% interest rate. I want to pay it off. My husband says I’m crazy. Who’s right? -
“I don’t want to enter retirement owing six figures when we have the cash to clear it.”
My father-in-law, 81, sold his $75,000 home to pay his daughter’s $50,000 debt. How can I keep him from becoming destitute? -
“Nothing has been set aside for his needs.”
Over 40% of Americans are heading toward retirement ‘blind’ — with no plan -
Nearly half of Americans haven’t calculated what they’ll need in retirement.
Smart financial advisers are dropping ROI, NAV and QCD for plain English when talking to clients -
Not everyone is familiar with the ABCs of financial planning
It’s been a painful month for hedge funds. To turn it around, they are shorting U.S. stocks. -
In response to losses on popular trades, hedge funds are now shorting U.S. stocks aggressively to try and win back some performance.
My spouse was awarded $90,000 from my 401(k) in our divorce. How is that fair? -
“I retired in 2020 and subsequently went through a divorce a few years later.”
The mobile ambitions of SpaceX are hitting telecom stocks again. Here’s what the latest developments mean. -
Reports of Starlink’s discussions with cell-tower owners were noticed by shareholders of Verizon, AT&T and T-Mobile.
The stock market is splitting in two. Is that signaling trouble ahead, or just a new set of winners? -
Tech stocks are slumping — even as more than 300 S&P 500 constituents rose Thursday — and Treasurys are rallying. Here’s what may be changing.
Treasury yields log biggest drop since the 2023 banking crisis. Here’s what’s going on. -
‘It’s a take-back trade,’ says PGIM’s Tipp. ‘Not an all-out fear of recession type of situation.’
France is getting its credit rating reviewed. The French debt turmoil has helped turn U.S. Treasury yields around. What comes next? -
Moody’s is set to update its rating on France’s debt after U.S. markets close on Friday.
CNBC Top News
CNBC Economy
GATA
Alasdair Macleod: Gold and silver trashed by paper traders -
By Alasdair MacleodGoldMoney, TorontoFriday, October 23, 2026
Silver hits new lows for the year, while gold threatens to follow. Despite economic and debt deteriorations leading to a global crisis, precious metals remain the playthings of the paper traders.
Looking at the chart showing gold and silver declining over the course of 2026, you wouldn't think that the world is going to hell in a han...
Central banks still exchanging dollars for gold, Maguire tells LFTV -
2:25p ET Thursday, October 22, 2026
Dear Friend of GATA and Gold:
Gold's structural breakout, London metals trader Andrew Maguire says on this week's edition of Kinesis Money's "Live from the Vault" program, continues to be driven by central bank replacement of dollar reserves with the monetary metal. The recent decline in gold prices, Maguire says, is again entirely a matter of derivatives sho...
India mounts costly defense of rupee -
By Chris KayFinancial Times, LondonThursday, October 22, 2026
India is mounting an increasingly costly defence of the rupee, deploying tens of billions of dollars and resorting to extraordinary market interventions to protect a currency that has come under pressure from elevated oil prices and investor outflows.
The central bank since June has already used about $90 billion of the more than $14...
The world's rich are finding a new home for their gold in Singapore -
By Cindy Wang and Yihui XieBloomberg NewsWednesday, October 21, 2026
Gregor Gregersen's first Singapore bullion business began from under his bed. He stashed silver, though not much of it, and trades took place at his neighborhood train station as he tested for local demand.
Almost 17 years later, the German-born former bank data architect owns a six-story, 180,000-square-foot mega-vault with e...
President of Africa's biggest gold-producing nation vows to end raw mineral exports within four years -
By Olamilekan OkebiorunBusiness Insider Africa, New YorkTuesday, October 20, 2026
Ghanaian President John Dramani Mahama has reaffirmed his government's commitment to end exports of unprocessed minerals by 2030, insisting that Africa's largest gold producer must stop shipping its natural resources abroad only to import finished products made from the same materials.
... Dispatch continues below...
Wolf Street
CoinDesk
Bitcoin's price is as jumpy as Nvidia's and eight times more turbulent than the euro -
Your day-ahead look for Oct. 23, 2026
Live updates: Bitcoin holds above $81,000 as markets calm, oil continues to gain -
South Korea's Kospi was flat overnight, suggesting some steadying in the AI trade. Nasdaq 100 futures are steady as well, but oil continues its climb.
Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13% -
Bitcoin rose 0.5% to around $81,700 since midnight UTC while the CoinDesk 80 gained 1.4% and memecoins climbed 2.9%.
Bitcoin appears to have decoupled from midterm cycle bottom history -
Previous bitcoin bear-market lows followed U.S. midterms, but this year’s recovery raises the possibility that the bottom arrived months earlier.
HSBC rolls out its first stablecoin to over 3 million everyday app users -
HSBC and Standard Chartered-led Anchorpoint received Hong Kong’s first stablecoin issuer licenses in April. Anchorpoint began rolling out HKDAP in August.
Sweden’s central bank revives e-krona debate as stablecoins and digital euro loom -
The Riksbank sees an e-krona as critical to securing national payments and monetary control.
India's largest exchange denies hack after sleuths pointed to $16 million in suspicious outflows -
CoinDCX denies its active wallets were hacked after sleuths flagged $16 million in outflows from addresses linked to the India-based exchange.
Polymarket has reportedly fired its marketing chief, also a close friend of the CEO -
Matthew Modabber was reportedly ousted after an internal probe of several instances of misconduct, according to the New York Post.
Ethereum delays Glamsterdam test after security devs flag risk to existing contracts -
Developers canceled Monday's Hoodi activation after researchers showed how new gas rules could let smart contracts permanently record failed operations.
Cardano holders are being asked to bet $5 million on copper hitting a new record -
Toto Finance wants 22 million ADA from Cardano’s treasury to buy tokenized copper, and the metal would have to trade well above its all-time high for holders to get their money back.
bitcoin.com
An Ethereum OG Who Bought at $18 Just Cashed out $7.23 Million -
An early ether buyer who paid just $18.83 per coin nine years ago has sold 3,000 ETH worth about $7.23 million, a 128x return. The Trail The math on this trade seems almost absurd, with onchain data from the wallet’s Arkham explorer page showing 3,000 ETH leaving a Gemini hot wallet roughly nine years ago, […]
You Can Get a Multisig Bitcoin Loan at a Bank, as Sygnum and Debifi Debut -
A growing market for bitcoin-backed, multisig-secured loans now has what appears to be its first bank offering this type of product, as Sygnum and Debifi delivered on a promise made a year ago. Switzerland-headquartered digital asset bank Sygnum and Latvian bitcoin lending platform Debifi launched MultiSYG, a loan product that secures collateral in a multisig […]
Gold Crashes Below $4,000 and Peter Brandt Has a Message for Peter Schiff -
Spot gold fell below $4,000 an ounce on Oct. 23 after a selloff that wiped an estimated $1 trillion off gold and silver in a single day. The Number That Is Crucial Gold traded at $3,998.72 early Friday in Asia, down 0.63% on the day, and briefly hit an intraday low near $3,986. That left […]
Trump Sued by Circle Shareholder Over $2 Billion in UAE Crypto Money -
A Circle shareholder has filed a federal lawsuit accusing President Donald Trump and World Liberty Financial of pocketing more than $2 billion in UAE-linked crypto payments in violation of the U.S. Constitution. The Money Trail The litigation rests on two transactions: The first is a $500 million agreement for a 49% stake in World Liberty […]
Trader Kimchi Goes From Pump.fun Star to Rug Pull Suspect in 48 Hours -
A post from meme coin trader Kimchi’s X account sent a brand-new token to a $15 million peak within minutes, then the post disappeared and the coin crashed more than 98%. The Poster Early in the U.S. afternoon of Oct. 22, popular online trader Kimchi’s account posted a photo of a Manhattan sidewalk with a […]
Reason
The Man Who Saved the Internet -
Plus: How to be more secure in an age of AI hacking, more Trump administration corruption allegations, Virginia Democrat indicted for marijuana scheme, and more...
Today in Supreme Court History: October 23, 1991 -
10/23/1991: Justice Clarence Thomas takes oath.
The post Today in Supreme Court History: October 23, 1991 appeared first on Reason Magazine.
The U.S. Tax System Gets a Middling Score -
Fortunately, we do better on overall economic freedom, despite losing ground.
Review: eBay Live Is QVC for the Modern Age -
Sellers appear in TikTok-style livestreams to pitch their goods to chatrooms full of potential buyers.
Javier Milei's Case Against AI Regulation -
"Keep AI unregulated," the Argentine president wrote in support of his proposed plan to boost artificial intelligence.
How Much Contempt Does Javier Milei Have for the State? -
A notable quote from the Argentine leader's 2024 Economist interview
Brickbat: Don't Slap Me Five -
Philip Morant School and College, a public secondary school in England, faced strong criticism after introducing a rule banning physical…
The post Brickbat: Don't Slap Me Five appeared first on Reason Magazine.
Open Thread -
What’s on your mind?
Vivek Ramaswamy, Elizabeth Holmes, and Jesus -
Robby Soave and Christian Britschgi take on Vivek Ramaswamy and Elizabeth Holmes, all while referencing their favorite biblical parables.
No First Amendment Right Not to Sell Bridal Outfit for Same-Sex Wedding -
From N.Y. State Div. of Hum. Rts. V. D. Auxilly NYC LLC, decided today by New York appellate judges Sallie…
The post No First Amendment Right Not to Sell Bridal Outfit for Same-Sex Wedding appeared first on Reason Magazine.
Tenth Amendment Center
This isn’t an Instruction Manual. It’s a Warning. How Empires Fall. -
Collapse is self-inflicted: Benjamin Franklin knew the pattern all through history. In 1773, he wrote a masterpiece of biting satire - 20 rules for how a great empire destroys itself from within by making its own people see it as detestable. It was supposed to be a warning, but London completely ignored it and paid the price. Once you hear his “rules,” judge for yourself. Is this just another h...
Lost Cause: The Federal Government will Never Limit Itself -
Going to the federal government to convince the federal government to limit its own power? That’s not just dumb strategy and a lost cause. It’s dangerous to the Constitution and liberty. On this episode, it’s James Madison’s blueprint for beating the feds without relying on the feds to magically limit their own power. Plus the right to keep and bear arms as the ultimate safeguard for freedom.
T...
The Word “Emergency” Doesn’t Exist in the Constitution. That’s no Accident. -
That means the rules of the constitution apply whether someone calls it an “emergency” or not. On this episode, it’s the founders’ long-forgotten warning about the oldest weapon in the book. Let politicians have extra power or funding because THEY declare an emergency? And you’ll get never-ending emergencies.
The post The Word “Emergency” Doesn’t Exist in the Constitution. That’s no Accident. a...
Electronic Frontier Foundation
Canadians Are Running Out Of Time To Oppose The Dangerous C-22 Surveillance Bill -
Canada’s Parliament is debating a massive expansion of surveillance powers that will threaten the privacy and security of millions of people. Bill C-22, also called the Lawful Access Act, has already passed the House of Commons, and is now before the Canadian Senate.
Canadians still have an opportunity to speak out and stop this dangerous legislation. The Canadian Civil Liberties Association (...
Introducing Our New Surveillance Self-Defense Guide: Online Privacy for Parents and Youth -
The internet is a vast and confusing place no matter your age. Trying to help youth engage with it safely and privately is a complicated topic that touches on many different skillsets and ideas. But just because it’s complicated doesn’t mean it’s impossible. We’ve launched our Online Privacy for Parents and Youth Surveillance Self-Defense guide in hopes to provide a framework for finding soluti...
Interoperability vs. Security: Why not both? -
An open internet where people can freely build, share, and remix each other's work is a powerful engine of grassroots innovation we’ve all benefited from. In recent decades, however, corporations have taken control of an increasing share of this work, giving them a greater ability to stifle challengers and limit our choices. When regulators address this by mandating that tech giants play fair ...
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: GOA Knocks Down Federal NFA Scheme—Now AG Dave Sunday Must Protect Pennsylvanians -
GOA’s Federal NFA Win Leaves PA Gun Owners in Legal Limbo: AG Sunday Must Act NOW! Following a massive legal victory by Gun Owners of America, law-abiding Pennsylvanians are finally seeing unconstitutional federal overreach dismantled. In Silencer Shop Foundation v. ATF, the federal court struck down the National Firearms Act’s unconstitutional registration and transfer scheme for short-barrele...
ATF GUIDANCE IS HERE! -
And there are some big changes thanks to GOA’s lawsuit victory… ATF just released guidance on our massive victory in our “One Big Beautiful Lawsuit,” which struck down the registration requirements for short barreled firearms and suppressors. This is huge news. In the weeks following our victory, GOA has been lobbying both the White House and Congress to press ATF … Read more
Grow GOA, Grow Your Business -
Get paid every time one of your customers joins the fight! As a part of Gun Owners of America’s Corporate Membership Program, you’re already actively in the fight to protect the Second Amendment. Your customers are the same gun owners we go to war for every day in Congress and in the courts. Today, we’re rolling out a new way … Read more
Banking Dive
JPMorgan Chase, Goldman Sachs underscore security in AI plans -
“This is one of the most important times to make sure you are appropriately balancing risk and innovation tradeoffs,” JPMorgan Chase CIO Lori Beer said.
Barclays to cut 5,000 employees this year -
Roughly 60% of the reductions are expected in “support functions,” including developers, as AI bolsters productivity, the bank said.
Plaid CEO: AI’s rise could fuel ‘scary year’ for financial security -
“We're just in a dead sprint using AI to fight AI fraud,” Zach Perret, the data aggregator’s chief executive, said at the Money20/20 conference this week.
OCC issues final rule on stablecoin framework -
The regulation bans direct yield payments to customers from stablecoin issuers, but the OCC said it would “evaluate” third-party yield arrangements on a case-by-case basis.
Cross River to acquire customer-loyalty specialist Accrue -
Adding the fintech’s branded-wallet platform, stored value and technology would let Cross River “offer partners a complete embedded finance stack,” the $8.5 billion-asset bank said.
American Banker
Bank of International Settlements
Federal Reserve - Press Releases
Federal Reserve Board announces termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank -
Federal Reserve Board announces termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank
Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026 -
Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026
Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families -
Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families
FDIC - Press Releases