Kitco News
Gold's biggest headwind may finally be peaking -
(Kitco News) - Gold investors have spent much of 2026 confronting a frustrating paradox: the geopolitical and fiscal backdrop has arguably never looked more supportive for a safe-haven asset, yet gold has struggled in recent months as rising real interest rate expectations have dramatically increased the opportunity cost of holding a non-yielding metal.
Wall Street, Main Street solidly bullish as prices end the week nearly $300 higher -
(Kitco News) - After a relatively quiet start to the summer, sentiment in the gold market is heating up as extraordinary bullish momentum propels prices out of their two-month consolidation pattern.
Gold, silver rally as weak payrolls cut Fed hike pressure - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices rallied after the North American equities close Friday, as a negative July payrolls print pulled Treasury yields lower, softened the U.S. dollar and eased pressure on the Federal Reserve to raise rates again in September.
Gold breaks out following soft jobs data but could still struggle to get to $4,500 -
(Kitco News) - After two months of consolidation and testing support at $4,000 an ounce, the gold market has broken convincingly to the upside as the precious metal sees its best weekly performance since the start of the year.
PBOC boosts gold buying with largest monthly purchase since 2023 -
(Kitco News) - Not only has the People’s Bank of China bought gold for 21 straight months, but the central bank has also continued to make solid tactical moves as prices have dropped nearly 30% from their all-time highs at the start of the year.
Gold, silver rally as yields fall after surprise jobs loss - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply higher in early U.S. trading Friday, as a surprise decline in July payrolls pulled Treasury yields lower and reduced near-term Fed hike expectations.
Gold prices surging higher as U.S. economy loses 23k jobs in July -
(Kitco News) - The gold market is surging higher as the U.S. economy lost jobs in July, significantly missing expectations.
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
Zero Hedge
Texas Energy Giant Oncor Supports Governor's Data Center Freeze -
Texas Energy Giant Oncor Supports Governor's Data Center Freeze
By Emma Penrod of UtilityDive.com
About 44 GW of large load projects slated for Oncor’s service territory qualified for ERCOT’s new “Batch Zero” interconnection process for large loads, company executives told analysts during a Thursday earnings call. But the timeline for that process is uncertain following an order b...
Both Iranian & Israeli Officials Call Out 'Paper Tiger' Saudi Arabia -
Both Iranian & Israeli Officials Call Out 'Paper Tiger' Saudi Arabia
Regional rivals and enemies are calling out Saudi Arabia as a "paper tiger" which must rely on others for protection and defense needs.
Criticisms of Riyadh are being issued on the same day the kingdom signed a major security pact with the other major Muslim-dominant nations of Pakistan and Turkey. Formally calle...
The WNBA Is At War With Its Biggest Stars -
The WNBA Is At War With Its Biggest Stars
Via The Daily Signal,
This is a lightly edited transcript of an Aug. 6 segment of the Victor Davis Hanson: In His Own Words podcast...
Jack Fowler: And the whole trans issue is coming up in the WNBA, and various coaches are like, “I don’t know. Should a she - I can’t say who should be playing.” They will not say that a biological woman ...
Visualizing 75 Years Of America's Electricity Transition -
Visualizing 75 Years Of America's Electricity Transition
Over the past 75 years, the U.S. electricity system has shifted from one dominated by coal to one in which natural gas and renewables supply nearly two-thirds of generation.
This visualization, via Visual Capitalist's Niccolo Conte, shows annual U.S. electricity generation by source from 1950 to 2025 using data from the U.S....
Hawaii's 'Blood Quantum' Rule Deepens The State's Housing Crisis -
Hawaii's 'Blood Quantum' Rule Deepens The State's Housing Crisis
Authored by Rachel Chiu via the Foundation for Economic Education (FEE)
Hawaiian residents are challenging ancestry-based housing restrictions in federal court. A pair of lawsuits filed in June and July takes aim at the Department of Hawaiian Home Lands, a state agency that reserves long-term homestead leases to indi...
US Official: Hormuz Deal Is Imminent, Upon Which US Will Lift Blockade Of Iranian Ports -
US Official: Hormuz Deal Is Imminent, Upon Which US Will Lift Blockade Of Iranian Ports
Summary
US official tells Reuters that US will lift blockade upon Omani deal announcement.
Bessent: Hormuz could reopen under a 30-60 day ceasefire as soon as "today or tomorrow."
Iran asserts that US & Israeli vessels remain barred until sanctions are lifted and compensation is paid.
Trump ...
Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural Issues -
Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural Issues
Authored by Ed Dowd via 'Beyond The Narrative' substack,
...a delicate meal to cook before Midterms...
My conclusions on the Bessent yen intervention:
The move is a temporary Band-Aid at best and sharp yen strength can historically trigger carry-trade unwinds and risk-asset volatility, but it does no...
Reality Bites: Socialist NYC Mayor Mamdani Turns To Capitalist Bankers For Help -
Reality Bites: Socialist NYC Mayor Mamdani Turns To Capitalist Bankers For Help
After socialist New York Mayor Zohran Mamdani went after Citadel's Ken Griffin, created a property database of wealthy homeowners that makes the list easily accessible to "Luigi-worshipping leftist thugs," and endlessly bashed America and capitalism, all while his friend, Democratic Socialists of Americ...
Meet The Lab-Leak Proponent Set To Take Fauci's Old Job -
Meet The Lab-Leak Proponent Set To Take Fauci's Old Job
Authored by Paul D. Thacker via The DisInformation Chronicle,
Politico reported that physician-scientist Steven Quay is going through final vetting to take over Tony Fauci's job at the NIH, reporting that aligns with rumors I've been hearing from sources inside the administration for several months. Quay sat for an interview ...
Cambridge's Black Time-Travelling Professor (And His Many Superhuman Feats) -
Cambridge's Black Time-Travelling Professor (And His Many Superhuman Feats)
Authored by Mark Collett,
Running a single marathon is a great achievement. Running 30 marathons is a spectacular feat. Running 30 marathons in 35 days is something only a world-class athlete could achieve. But running 30 marathons in 35 days, and running the final nine of those marathons with a broken leg...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
Here are three key takeaways from the disappointing July jobs report -
Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals.
U.S. economy unexpectedly lost 23,000 jobs in July -
Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate would hold steady at 4.2%, according to the Dow Jones consensus.
The July jobs numbers are due out Friday. Here's what to expect -
Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.
Private companies added just 44,000 workers in July, below expectations, ADP reports -
Hiring at private companies slowed considerably in July, with most of the job growth coming health care.
Europe is blowing up riverbeds as an extreme drought wreaks havoc on its economy -
Severe drought is disrupting energy and freight across Europe as low Rhine and Danube levels raise risks for supply chains and economic growth.
GATA
China's gold reserves rise by most since October 2023 as buying pace quickens -
By Qiaoyi Li, Liz Lee, and Dylan DuanReutersFriday, August 7, 2026
China's central bank stepped up its gold purchases for a fifth straight month in July, adding the most bullion to its reserves since October 2023, official data showed today.
The People's Bank of China extended its gold-buying run to a 21st consecutive month, with reserves rising to 76.08 million fine troy ounces at the end ...
Yen intervention showed dollar's dominance is slipping -
By Joseph AdinolfiMarketWatch, New YorkThursday, August 6, 2026
President Donald Trump and Treasury Secretary Scott Bessent chalked up last week's historic joint intervention to support the yen as a friendly gesture in support of an ally.
Wall Street analysts later explained that the real motivation was likely to protect the Treasury market, just as volatility was starting to tick higher.
... D...
China is moving some gold from London to new Hong Kong trading hub -
China's Central Bank Adds Gold in Hong Kong to Support Hub
From Bloomberg NewsThursday, August 6, 2026
China's central bank is stockpiling more gold in Hong Kong, according to people familiar with the matter, in a move that's likely to support the city’s push to become a major bullion-trading hub.
The People's Bank of China has built up inventories in Hong Kong over the past few months, said th...
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...
Wolf Street
CoinDesk
Trump Media pulls back from crypto, scraps Crypto.com's CRO token treasury deal -
The Truth Social parent company is refocusing on media and its pending merger with a fusion energy firm, as the digital asset treasury boom has lost its steam.
Trump-Backed American Bitcoin director Justin Mateen buys nearly $2 million of ABTC stock -
Mateen purchased more than 306,000 shares across two days following the company's quarterly earnings, lifting his stake to more than 492,000 shares.
U.S. widens Iran crypto crackdown with sanctions on two exchanges -
The Treasury's OFAC targeted Shelbit and Aban Tether as Washington continues its effort to cut Tehran's access to crypto and foreign currency.
BitMEX sale collapsed as buyers balked at founder ownership and shrinking business -
Potential buyers, including Exodus, passed on BitMEX amid concerns over founder ownership and its shrinking business, according to a source familiar.
Bybit sues North Korea and Lazarus Group over $1.5 billion hack, secures asset freeze -
The exchange has secured a preliminary injunction freezing stolen assets.
OKX's Rafique doubts Clarity Act will pass, warns optimism is already priced into bitcoin -
The OKX executive says Democrats have little incentive to hand Republicans a crypto victory before the midterms.
How a five-second trick let traders drain millions from Polymarket -
After months of public warnings from onchain analysts, the prediction market is moving to time-weighted prices to make artificial price pushes too costly.
A part of FTX survived, and it’s the case for the CLARITY Act -
When FTX collapsed, the parts of it bound by law survived. Mainstream finance is now converging with digital assets, and the law built to protect it the same way is the one the Senate did not pass this week, argues Bullish's Randi Abernethy.
Russia cracks down on unlicensed crypto exchanges it claims are linked to Ukraine -
The FSB said at least 20 individuals were arrested in connection with a ring that scammed an undetermined number of Russian citizens.
U.S. unexpectedly shed 23,000 jobs in July, putting Fed rate hikes in question -
The chances of a Federal Reserve rate hike at its next meeting in September have slipped below 50% in the aftermath of the report.
bitcoin.com
Bitcoin, Ether ETFs Add $220 Million as Blackrock Leads Again -
Bitcoin ETFs attracted $128.69 million on Thursday, marking a fourth straight day of inflows. Ether funds added an even stronger $92.15 million, while XRP and HYPE also finished in positive territory. Bitcoin Streak Hits 4 Days With $128.69M Inflow Capital continued to flow into the largest crypto ETFs as the week progressed. Bitcoin funds added […]
Thune to File Motion to Force September Vote on CLARITY Act -
Senate Majority Leader John Thune’s office has reportedly indicated that he intends to file for a cloture vote on the motion to proceed to the CLARITY Act before the August recess. The move is seen as a positive sign indicating that the bill is a priority for the Senate. CLARITY Act Motion Cloture Vote To […]
Bitcoin Lightning Nodes Hit as BTCPay Signals Emergency 2.4.2 Fix -
The self-hosted crypto payment processor alerted on a critical vulnerability that was being actively exploited by threat actors and recommended updating or turning off the service to avoid loss of funds. BTCPay Server reported that the Bitcoin Red Team found and disclosed the vulnerability. BTCPay Server Recommends Upgrading After Critical Vulnerability The Bitcoin ecosystem is […]
ForumPay Brings Crypto Payments to Shopify Merchants -
ForumPay’s crypto payment infrastructure has now integrated with Shopify, giving one of the world’s largest e-commerce communities a simple way to accept all major cryptocurrencies while receiving the fiat currency of their choice. ForumPay, the leading crypto payment gateway, named Best Crypto Payment Services Provider 2025 at the Global Crypto Awards, has announced that its […]
Bitcoin Tops $65,340 as BIP 110 Fight Raises Hard Fork Risk -
Bitcoin breached $65,000 on Friday, hitting an August peak of $65,340 before consolidating just under the mark with a 0.5% daily gain. Market volatility drove total crypto liquidations to $192 million, heavily dominated by $112 million in short position wipeouts. Bitcoin Reclaims $65K Range On Friday, bitcoin finally breached the $65,000 threshold amid escalating rhetoric […]
Reason
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
Court Rules North Carolina Family’s Lawsuit Can Move Forward After SWAT Team Raided, Damaged Wrong Home -
WILMINGTON, N.C.—On Thursday, the United States District Court for the Eastern District of North Carolina denied qualified immunity for officers who raided an innocent family’s Pender County home in […]
The post Court Rules North Carolina Family’s Lawsuit Can Move Forward After SWAT Team Raided, Damaged Wrong Home appeared first on Institute for Justice.
Former Attorneys General, Business Associations, and Former Department of Labor Leaders Support Family Farm’s Supreme Court Case -
ARLINGTON, Va.—In its fall term, the U.S. Supreme Court will consider a lawsuit challenging the constitutionality of the Department of Labor’s agency court system. New […]
The post Former Attorneys General, Business Associations, and Former Department of Labor Leaders Support Family Farm’s Supreme Court Case appeared first on Institute for Justice.
Major Ruling in Favor of True Food Labels as Federal Appeals Court Revives First Amendment Lawsuit Against FDA and USDA -
ARLINGTON, Va.—A federal appeals court revived a First Amendment lawsuit from a customer and small business owner seeking to provide true information on food labels. The United States […]
The post Major Ruling in Favor of True Food Labels as Federal Appeals Court Revives First Amendment Lawsuit Against FDA and USDA appeared first on Institute for Justice.
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
Don’t Let DOJ Appeal GOA’s NFA Win! -
TELL YOUR SENATORS, DON’T LET DOJ APPEAL OUR WIN! We won our case, but DOJ may appeal. Let’s secure our win and tell the “most pro-2A” Department of Justice to walk the walk… 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 … Read more
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 ...
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