Kitco News
Investors take profits in gold and silver as oil, yields rise after Hormuz deal doubts - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices were weaker in late U.S. trading Thursday, as rising oil prices, firmer Treasury yields and a stronger U.S. dollar prompted investors to take some profits after Wednesday’s breakout rally.
Now is the time to buy gold; BCA sees bullish opportunity as real yields peak -
(Kitco News) - Gold's recent correction has likely run its course as the key macro headwinds that pressured the precious metal are beginning to fade, according to one Canadian research firm, which argues that real interest rates have likely peaked and the U.S. dollar will eventually turn from a headwind into a tailwind for bullion.
Denarius takes 15.6% of Copper Giant, Trafigura takes the concentrate -
(Kitco News) - A junior buys into a junior, a trading house commits to a decade of output, and a billion-tonne copper deposit gets its first real balance sheet
Gold's rally is about a growing lack of investor confidence; silver could offer bigger gains says MarketGauge's Schneider -
(Kitco News) - Gold's rally above $4,200 signals more than a shift in inflation expectations or global monetary policy; it reflects growing investor doubts that policymakers can keep the global economy on stable footing, according to one market strategist.
Gold market sees positive ETF inflows in July, ending two months of outflows -
(Kitco News) - The gold market has seen a solid breakout, with prices pushing back above $4,200. However, signs of renewed investor interest began to emerge in July as investors slowly returned to gold-backed exchange-traded funds, according to the latest data from the World Gold Council.
Gold steadies as claims beat, Hormuz talks trim haven bid - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are firmer but spot silver prices are weaker in early U.S. trading Thursday, as softer labor-market momentum and lower Treasury yields offset a firmer U.S. dollar and a reduced geopolitical premium tied to Strait of Hormuz negotiations.
Gold price holding above $4,200 as U.S. jobless claims remain below 200k -
(Kitco News) - Although gold prices have retreated from their overnight high above $4,300 an ounce, the market is holding solid support above $4,200 an ounce even as the U.S. labor market continues to show resilience, with the number of Americans filing first-time unemployment claims remaining below a key level.
Gold, silver prices surge highs as yields ease, Hormuz hopes cap oil inflation fears - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices rallied sharply after the close Wednesday, as softer U.S. labor data, a weaker U.S. dollar and lower Treasury yields offset lingering expectations that the Federal Reserve could still tighten policy again in September.
Gold's rally has further to run as debt, de-dollarization fuel secular bull market: Gabelli's Mancini -
(Kitco News) - Gold is attracting renewed investor interest as prices climbed above $4,250 an ounce on Wednesday, marking a seven-week high. While the precious metal still faces short-term headwinds from monetary policy uncertainty, one fund manager argues that the powerful forces underpinning gold's secular bull market remain firmly in place.
Gold's breakout was the buy signal, but no new record this year, analyst says -
(Kitco News) - Florian Grummes has raised his invested position from 50% to 80%. He is buying juniors, not producers. And he does not think gold sees a new high in 2026.
Zero Hedge
Are You Ready For The "Rogue AI" Psy-Op? -
Are You Ready For The "Rogue AI" Psy-Op?
Authored by Kit Knightly via Off-Guardian.org,
The AIs are breaking free, that’s the story.
It started two weeks ago, when OpenAI reported one of their “agents” had escaped its testing area and got loose on the internet to launch an “unprecedented cyber attack”.
This was clearly meant to be scarier than the public response indicated, be...
The Vanishing Art Of Presence -
The Vanishing Art Of Presence
Authored by Joseph Varon via Brownstone Institute,
Medicine is always changing. In my career, I have seen intensive care units go from simple rooms with oxygen, monitors, and clinical intuition to places where artificial intelligence can predict problems before we notice them, bedside ultrasound helps us avoid guessing, and robotic systems help surgeo...
Trump Signs Orders To Curb Birthright Citizenship, Target Birth Tourism -
Trump Signs Orders To Curb Birthright Citizenship, Target Birth Tourism
President Donald Trump signed two executive orders Thursday that will restrict automatic citizenship to children born in the United States because of commercial birth tourism and several other factors.
One of the measures bans birth tourism, the practice of traveling to the United States on a tourist visa w...
Judge Says Updated National Firearms Act Violates Constitution -
Judge Says Updated National Firearms Act Violates Constitution
Authored by Michael Clements via The Epoch Times,
A federal judge ruled on Wednesday that the registration and approval requirements for suppressors, short-barreled rifles, and short-barreled shotguns in the National Firearms Act (NFA) are unconstitutional.
In the case of Silencer Shop Foundation v. Bureau of Alcoho...
These Are America's Fastest-Aging States -
These Are America's Fastest-Aging States
America’s population is getting older, but some states are aging much faster than others.
Using U.S. Census Bureau data compiled by USAFacts, this ranking, via Visual Capitalist's Dorothy Neufeld, shows how much each state’s population aged 65 and older grew between 2014 and 2024.
Growth in 65-and-Older Populations (2014-2024)
The table...
Mexico Bans Fracking In Key Shale Basin -
Mexico Bans Fracking In Key Shale Basin
By Julianne Geiger of OilPrice.com
Mexico has ruled out fracking in a key shale basin, drawing a line through a resource-rich area even as the country looks for ways to cut its dependence on U.S. natural gas.
President Claudia Sheinbaum said hydraulic fracturing will not be allowed in the Tampico-Misantla basin beneath Veracruz and Tamaulip...
"The Gift That Keeps Giving": Five Ways Republicans Benefit From Democratic Socialist Victories -
"The Gift That Keeps Giving": Five Ways Republicans Benefit From Democratic Socialist Victories
Radical leftists and Islamist activists are increasingly converging inside the Democratic Party as Democratic Socialists of America, forming what can only be described as a "red-green alliance."
United by their hatred of America and capitalism, this unholy alliance of far-left radic...
The Financial Consequences Of 'Gray' Divorce -
The Financial Consequences Of 'Gray' Divorce
Authored by Anne Johnson via The Epoch Times,
Gray divorce refers to divorce among adults ages 50 and over. And although divorce among younger adults has been declining over the past 15 years, according to Pew Research, gray divorce is on the rise.
Gray divorce is becoming more common, and its financial impact can last well into retirem...
These Are The States With The Most Empty Homes -
These Are The States With The Most Empty Homes
America faces a housing shortage, yet about 14.5 million homes across the country are vacant. How can both be true?
Using the latest U.S. Census Bureau data compiled by LendingTree, Visual Capitalist's Dorothy Neufeld created this map showing the share of vacant housing units in every state.
The figures include vacation homes, rent...
Voter Files In Arizona's Largest County Illegally Obtained In 2020, Records Show -
Voter Files In Arizona's Largest County Illegally Obtained In 2020, Records Show
Authored by Zachary Stieber via The Epoch Times,
Voter files in Maricopa County, Arizona, were obtained illegally before the 2020 presidential election, according to records released on Aug. 6 by the White House.
Authorities discovered that 633,000 voter files had been exfiltrated from the Maricopa...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
African countries are souring on the dollar -
From The Economist, LondonThursday, August 6, 2026
On Cairo Road, a bustling commercial strip in Lusaka, Zambia's capital, traders and shoppers once haggled over gadgets, furniture and other goods priced in dollars. For decades the greenback was similarly entrenched across the Zambian economy. From car purchases to business contracts, large transactions were routinely settled in the American cu...
Congo bans export of copper and cobalt concentrates, Reuters says -
By Ange Adihe Kasongo and Maxwell Akalaare AdombilaReutersThursday, August 6, 2026
KINSHASA, DR Congo -- The Democratic Republic of Congo has banned exports of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from its mineral resources, a government order reviewed by Reuters today shows.
After Reuters reported the ban, benchma...
Adam Sharp: Gold surges as the debt reckoning begins -
By Adam SharpDaily Reckoning, BaltimoreWednesday, August 5, 2026
It was a good day for gold bugs. ...
I believe we'll set new all-time highs within the next few years. Heck, it could even be this year.
The market is slowly remembering that behind the Iran war and AI excitement, there's still a looming global debt crisis.
... Dispatch continues below ...
... ADVERTISEMENT ...
USA Gold: Coins an...
Asia turns to gold in structural wealth shift -
By Kimberley LongThe Banker, LondonWednesday, August 5, 2026
Asian banks have considerably increased their gold product offering in recent months, spurred by growing consumer and central bank demand for a safe-haven commodity and local clearing.
The number of gold-focused banking products and services has risen significantly since the start of 2026. New developments include Singapore's DBS offe...
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 ...
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, ...
Idaho Reaffirms Gold and Silver As Legal Tender -
BOISE, IDAHO / ACCESS Newswire / March 21, 2025 / For the second time this month, new sound money legislation has become law in Idaho. Faced with the overwhelming likelihood of a veto override from ...
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 ...
CoinDesk
Senate won't vote on crypto Clarity Act before its summer break -
The U.S. Senate won't go on its August recess just yet but it will not vote on the Clarity Act this month, dimming hopes that the bill can become law this year.
Power struggle erupts at Ondo Finance after founder’s death -
Three Delaware court filings reveal a battle for control of Ondo Finance after founder Nathan Allman's death.
Tether expands tokenization business into Saudi Arabia, starting with real estate -
The stablecoin issuer is extending its tokenization business into Saudi Arabia, starting with institutional real estate assets with plans to expand to other asset classes.
Crypto for Advisors: Europe's crypto rules, U.S. Preview -
You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.
JPMorgan says Hyperliquid ETF inflows have stalled as competition mounts -
After leading crypto ETF inflows in May and June, demand for Hyperliquid funds stalled in July and August as competition intensified, the bank said.
Bitcoin’s low volatility doesn’t necessarily mean low risk -
Your day-ahead look for Aug. 6, 2026
Free Markets and Innovation, Sort Of -
The Journal’s editorial board rejects crypto competition and instead misinterprets Clarity, a pro-innovation, pro-competition, and pro-consumer bill, argues the Blockchain Association's Summer Mersinger.
Why Sandisk and Western Digital crashed 10% and what it means for bitcoin -
Strong earnings from SanDisk and Western Digital were not enough to satisfy investors, raising questions about whether capital is beginning to rotate from AI winners into crypto.
JPYC raises $38 million Series B led by major Japanese logistics firm AZ-COM Maruwa -
The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021.
Bitcoin, ether benefit as traders seek safety of largest tokens -
The two largest cryptocurrencies are the only CoinDesk 20 members in positive territory as altcoins fall out of favor.
bitcoin.com
EU MiCA Shake-up Lets Crypto Scammers Target Users -
European financial watchdogs warn that criminals are exploiting this market transition to steal funds. Fraudsters are impersonating official regulators or licensed exchanges to trick users into sending assets to fraudulent websites. Hundreds of Firms Forced to Close European regulators say criminals are taking advantage of the disruption caused by the EU’s new crypto rules, impersonating […]
Fake XRP Airdrops Spread Online as Foundation Urges Users to Stay Alert -
Fake XRP airdrops, reward scanners, and phishing campaigns are targeting investors, prompting the XRP Ledger Foundation and RippleX to issue security warnings on X. The alerts highlight impersonation accounts, fraudulent promotions, and wallet traps designed to obtain sensitive information or trick investors into unsafe actions. XRP Ledger Foundation Warns Investors About Fake Rewards The XRP [...
Dubai Duty Free Brings Crypto.com Pay to Airport Retail in UAE -
Dubai Duty Free has introduced Crypto.com Pay as a regulated digital payment option for eligible UAE residents, allowing customers to use their Crypto.com accounts at airport stores and online. The rollout integrates crypto-enabled payments into global travel retail. Dubai Duty Free Adds Crypto Payments to Airport Retail The airport retailer unveiled Crypto.com Pay on Aug. […]
Swift’s New Payment Framework Goes Live at Bank of America, JPMorgan -
Swift’s new cross-border payment framework is now live with Bank of America and J.P. Morgan, improving international transfers for U.S. users. The rollout adds to competition among banks, blockchain firms, and crypto companies reshaping global payments. Swift Brings Faster Transfers to Major US Banks Swift announced Aug. 5 that Bank of America and J.P. Morgan […]
XRP Gains Major DeFi Utility as FXRP Unlocks RLUSD Loans -
XRP holders can now use FXRP to borrow RLUSD through Sentora’s reported $280 million vault on Ethereum. The integration expands XRP’s role in decentralized finance while allowing holders to access liquidity without selling their underlying tokens. XRP Enters a Major Ethereum Lending Vault Institutional decentralized finance (DeFi) platform Sentora announced on Aug. 3 that FXRP […]
Reason
Trump Issues Another Unconstitutional Executive Order Targeting Birthright Citizenship -
While less sweeping than the one invalidated by the Supreme Court in Trump v. Barbara, it still denies birthright citizenship to
The GOP Is Warning About Socialism While Quietly Embracing It -
Federal ownership of private companies has become routine. And it is happening on the right, even as conservatives point fingers at the left for its socialism.
Francesca Hong's Hateful Holidays, Burrito Prices, and Woke 1.0 -
Robby Soave and Christian Britschgi cover all of the politically charged food takes of the week from Thanksgiving to burritos.
A Viral Tweet Set Off a Discourse on $20 Burritos. Here's the Truth About Inflation. -
Americans are angry because everyday goods are much more expensive, and politicians think they should “stop whining.”
FCC Rule Change Would Allow More Broadcast Mergers, but It's Not Clear the FCC Has That Power. -
It's not clear if the agency even has the legal authority to make the change. But if it goes through, there's little to worry about.
Scott Galloway's Bad Idea To Make Young Men Happier -
Hint: It's mandatory national service.
DOGE Claimed $110 Billion in Spending Cuts That Couldn't Be Verified, Audit Finds -
The DOGE project was the second Trump administration's best idea. Unfortunately, it was terribly executed.
Courts Say the Justice Department Is Shredding the 'Presumption of Regularity.' It Never Deserved Extra Trust. -
Misconduct and misrepresentations by Justice Department lawyers have led some federal judges to question the traditional benefit of the doubt they give to the government.
A Major 'Online Safety' Bill Cleared a Senate Committee. More Crackdowns on Internet Freedom Could Be Coming. -
The Senate Commerce committee advanced four bills related to online and AI safety in the name of protecting children.
A Federal Judge Rejects National Firearms Act Regulations, Saying Their Tax Rationale No Longer Applies -
When Congress eliminated taxes on suppressors, short-barreled rifles, and short-barreled shotguns, it also eliminated the constitutional justification for regulating them.
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
WE WON OUR CASE AGAINST THE NATIONAL FIREARMS ACT! -
WE WON OUR CASE AGAINST THE NATIONAL FIREARMS ACT! Thanks to GOA’s “One Big Beautiful Lawsuit” a federal judge has struck down the registration requirements on certain NFA items… We just won our “One Big Beautiful Lawsuit,” against the registration requirements of the NFA at the district level in Texas. This is quite possibly the largest victory against the National Firearms … Read more
Federal Court Rules Key National Firearms Act Restrictions Are Unconstitutional in GOA Lawsuit -
Federal Court Rules Key National Firearms Act Restrictions Are Unconstitutional in GOA Lawsuit FOR IMMEDIATE RELEASE August 5, 2026 SAN ANGELO, TX — Gun Owners of America (GOA) and fellow plaintiffs scored a major win today. The U.S. District Court for the Northern District of Texas ruled that key National Firearms Act of 1934 (NFA) restrictions are unconstitutional for untaxed firearms and ...
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
Banking Dive
Chime’s CFO is stepping down -
The fintech’s president, Mark Troughton, will serve as interim finance chief while the company conducts an executive search. Chime also reported a 27% year-over-year increase in second-quarter revenue.
Northwest Bank overhauls C-suite to drive transformation -
Over the past three years, CEO Louis Torchio has hired executives with bigger-bank experience to lead Northwest’s commercial pivot and M&A ramp-up.
Augustus gets FDIC nod to launch bank -
Among stipulations of the approval, the clearing bank must launch with $73,660,000 or more in capital funds and maintain a 10% or greater leverage ratio throughout its first three years.
Bank of America, USAA ink patent agreement -
The deal allows each company to use the other’s full portfolio of patents. USAA for years has sued – or threatened court action against – banks it says infringe on its remote deposit capture patents.
Stablecoin firm Dakota applies for OCC trust banking charter -
“For you, that means fewer layers between your product and the financial services underneath it,” Dakota CEO Ryan Bozarth said in a blog post.
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