Kitco News
Gold breaks $4,440 as U.S.-Iran fighting pressures markets - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply lower after the close Wednesday, as crude oil rallied, Treasury yields rose and renewed U.S.-Iran fighting pressured non-yielding metals.
Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC -
(Kitco News) – After March saw central banks flip to net sellers of gold, the sovereign sector switched back to bullion purchases in April, according to the latest data from the World Gold Council (WGC).“Central banks resumed net gold purchases in April, having bought 17t,” wrote Marissa Salim, the WGC Senior Research Lead, APAC. “This was a rebound from the sizeable net sales reported in March.”
Indian central bank denies media report of $12 billion gold reserve sales -
(Kitco News) – One day after a bombshell report from Bloomberg claimed the Reserve Bank of India (RBI) sold gold reserves worth roughly $12 billion in the two weeks through May 22, the central bank issued a firm denial.The RBI said in a statement on Wednesday that its physical stocks of the precious metal remain unchanged at 880.52 tonnes.
TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike -
(Kitco News) - Rising expectations that the Federal Reserve will have to hike interest rates rather than cut them by the end of the year continue to take their toll on the precious metals market, with gold prices falling below $4,500 an ounce on Wednesday.
Gold off session lows after ISM Services PMI rises to 54.5 in May -
(Kitco News) – The U.S. service sector improved above expectations last month, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Wednesday morning that its Services Purchasing Managers Index came in at 54.5 in May, up from 53.6 in April. The data was better than expected, as economists were looking for a reading of 53.8.
Gold, silver fall as oil jumps on U.S.-Iran strikes - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are lower and spot silver prices are sharply lower in early U.S. trading Wednesday, as rising oil prices, a firmer U.S. dollar and renewed U.S.-Iran hostilities offset safe-haven demand.
Gold price struggling as ADP says 122k jobs created in May -
(Kitco News) - The gold market could see renewed selling pressure as the U.S. labor market remains resilient, with the private sector creating slightly more jobs than expected in May.
Gold steadies, silver slips as oil rises on Iran uncertainty - Kitco PM Report -
(Kitco NewsWire) - Spot gold prices are near steady and spot silver prices are lower after the close Tuesday, as a stronger U.S. dollar and firmer crude oil offset support from lower Treasury yields.
India’s central bank likely sold $12 billion gold reserve in just two weeks to support the rupee – BE report -
(Kitco News) – The Reserve Bank of India likely sold $12 billion of its gold reserves and bought $7.5 billion in foreign currency assets during the two weeks ending May 22, according to a new report from Abhishek Gupta, senior India economist at Bloomberg Economics (BE).The BE analysis, published Tuesday, drew on publicly available data to infer that India’s central bank appears to have offload...
Central banks see gold as the reserve asset of choice - ECB report -
(Kitco News) - Gold continues to assert its dominance in global financial markets as an important monetary asset, with the European Central Bank highlighting a significant milestone for the precious metal.
Zero Hedge
US Formally Rejects Somaliland Sovereignty In Blow To Israel -
US Formally Rejects Somaliland Sovereignty In Blow To Israel
Via Middle East Eye
The US has reaffirmed “the sovereignty and territorial integrity” of Somalia, in a move seen as a blow to Somaliland, the breakaway region recently recognized by Israel and close to the United Arab Emirates. In a report to Congress on “Potential Areas for Improved United States Engagement with Somalil...
'Putin's Davos' Forum Opens Under Heavy Ukrainian Drone Attack, With Candace Owens & Trump Official In Attendance -
'Putin's Davos' Forum Opens Under Heavy Ukrainian Drone Attack, With Candace Owens & Trump Official In Attendance
Ukraine's President Zelensky has freshly stated that he's ready for direct talks with his Russian counterpart Vladimir Putin in order to end the war, but he also warned that the alternative is for Ukraine to increase its retaliatory strikes on Russia,
The head of Ukra...
Iran Issues 4-Stage Proposal For Deal With US, After Most Intense Overnight Clashes Since April -
Iran Issues 4-Stage Proposal For Deal With US, After Most Intense Overnight Clashes Since April
Summary
State media issues four-stage proposal for deal with US, says indirect talks are 'ongoing'.
GCC blasts 'cowardly attacks' after Kuwait International Airport rocked by Iranian missiles: one dead, 63 injured.
Overnight saw US-Iran exchange fire in Strait of Hormuz - as US attack...
US Govt. Lab Launches Advanced Battery Lab To Help Power Grid -
US Govt. Lab Launches Advanced Battery Lab To Help Power Grid
Authored by Georgina Jedikovska via Interesting Engineering,
The US has recently launched a new battery production line, which is expected to help researchers develop safer and cheaper energy storage technologies for the electric grid.
PNNL's new prismatic cell line will allow researchers and industry partners to create...
Samsung Joins Blue-State Exodus, Moves U.S. HQ From New Jersey To Texas -
Samsung Joins Blue-State Exodus, Moves U.S. HQ From New Jersey To Texas
We're still trying to settle on a name for the new "Rust Belt" for blue states, where high taxes, de-growth climate policies, permitting paralysis, and an obsession with woke governance have sparked a historic outflow of people, businesses, and capital to red states.
The old Rust Belt was hollowed out by decad...
US Special Ops Fields Caliber-Swapping MK24 Rifle For 7.62 Combat And 6.5 Range -
US Special Ops Fields Caliber-Swapping MK24 Rifle For 7.62 Combat And 6.5 Range
Authored by Aamir Khollam via Interesting Engineering,
A new rifle heading to U.S. special operations forces can switch between 7.62mm NATO and 6.5mm Creedmoor ammunition in roughly a minute, giving operators a way to adapt to changing mission requirements without carrying separate weapon systems.
MK24...
Lefty Tech Rag Panics As Manhattan Institute Pivots From Killing DEI To Crushing NGO-Funded Riots -
Lefty Tech Rag Panics As Manhattan Institute Pivots From Killing DEI To Crushing NGO-Funded Riots
Left-leaning Condé Nast, through Wired, appears to be running narrative cover for the protest-industrial complex, gaslighting readers over efforts to impose real penalties on chaos and disorder stemming from protests and riots.
Wired reporter Ali Winston's target is the Manhattan Ins...
Colonoscopy: The Most Used Screening Test For Colon Cancer, Here Are The Benefits And Risks -
Colonoscopy: The Most Used Screening Test For Colon Cancer, Here Are The Benefits And Risks
Authored by Mercura Wang via The Epoch Times,
Medically reviewed by Jimmy Almond, M.D.
Colonoscopy is the most widely used screening test for colon cancer, which is the second leading cause of cancer-related death in the United States.
It is considered the gold standard and is more accura...
Is John Cornyn Trying To Sabotage Ken Paxton? -
Is John Cornyn Trying To Sabotage Ken Paxton?
Texas Republicans handed Sen. John Cornyn one of the most humiliating defeats in the state's modern political history in this year's primary runoff. A week after being clobbered by Texas Attorney General Ken Paxton, he is amplifying a Libertarian candidate, in an apparent attempt to siphon conservative votes from Ken Paxton in the gener...
Amazon Plans Data Center In Wheatfield, Indiana; Will Pay $1.25BN To Reduce Energy Cost Impact On Local Payers -
Amazon Plans Data Center In Wheatfield, Indiana; Will Pay $1.25BN To Reduce Energy Cost Impact On Local Payers
By Georgia Butler of DataCenterDynamics
Amazon Web Services (AWS) is seeking to develop a data center campus in Wheatfield, Indiana. Meanwhile, on the other side of the globe, the cloud giant has purchased more land in India.
Located in Jasper County and southwest of Mic...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
Private payrolls grew by 122,000 in May, stronger than expected, ADP reports -
Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.
U.S. proposes fresh tariffs on 60 economies over forced labor trade practices -
USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.
U.S., Iran intensify attacks as ceasefire frays, peace talks stall -
Iran's IRGC reportedly denied responsibility for the Kuwait airport attack, the latest blow to an already weakened ceasefire agreement.
Job openings in April surged to 7.6 million, the highest in nearly two years -
The Bureau of Labor Statistics reported that available employment hit 7.6 million for the month, a surge of 731,000 from the prior month.
Inflation hits 3.2% in the euro zone as Iran war pushes energy costs higher -
Energy costs in the region surged by an annual rate of 10.9% in May.
GATA
Zimbabwe's gold rush hastens as $1 billion mine targets 100,000 ounces a year -
By Ayodeji AdegboyegaBusiness Insider Africa, New YorkTuesday, June 2, 2026
UK-listed Ariana Resources says ore reserves at its Dokwe Gold Project have surged 42% to 1.13 million ounces, transforming the asset into one of Zimbabwe's most significant undeveloped gold deposits and placing it on course to rival some of the country's largest gold mines.
... Dispatch continues below ...
... ADVERTI...
India's central bank denies Bloomberg report it sold gold -
By Anup RoyWednesday, June 3, 2026
https://www.bloomberg.com/news/articles/2026-06-03/india-central-bank-says-report-it-s-selling-gold-is-incorrect
India's central bank said a report that it's selling gold is "not correct," pointing to data showing its physical stock of gold has remained unchanged.
Latest figures in the Reserve Bank of India's Monthly Bulletin show the stock of physical gold wa...
Vince Lanci's new book, 'As Good As Gold : The Return of Real Money" -
9:14p ET Tuesday, June 2, 2026
Dear Friend of GATA and Gold:
Market analyst, trader, and gold advocate Vince Lanci, proprietor of the VBLGoldFix site at Substack, has just published a book titled "As Good As Gold: The Return of Real Money."
Lanci introduces it: "The international monetary system is not built on currencies. It is built on collateral. That single premise drives 'As Good As Gold: ...
Bella Barda-Bareket: The dollar is not retreating; the global contract is being renegotiated -
By Bella Barda-BareketYnet.com, Tel Aviv, IsraelTuesday, June 2, 2026
For nearly 80 years the dollar has been far more than a means of payment. It has functioned as the operating system of globalization. Countries sold goods to America, received dollars in return, invested those dollars in U.S. Treasury bonds, and, in doing so, helped finance the American consumer, the American military, and th...
India may have sold gold to save FX reserves, Bloomberg analysis shows -
By Preeti SoniBloomberg NewsTuesday, June 2, 2026
India's central bank may have offloaded a portion of its gold holdings to shield its foreign-currency assets from the cascading fallout of the war in the Middle East, according to an analysis by Bloomberg Economics based on publicly available data.
... Dispatch continues below ...
... ADVERTISEMENT ...
First Majestic Mines Silver and Gold, ...
Wolf Street
CoinDesk
Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out -
Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.
Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated -
Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.
Bitcoin tanks below $63,000 for the first time since February as price selloff deepens -
The selloff has triggered demand for protective options plays, pushing the fear gauge higher.
SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus -
SpaceX's proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets.
Tom Lee's Bitmine borrows a page from Saylor's playbook to offer 9.5% yield in preferred stocks -
The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.
Bitmine's Ethereum bet nears $9 billion loss as ether falls below $1,800 -
Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows.
New DeFi entrant widens field of crypto political campaign funds as elections loom -
The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.
Bitcoin isn't crashing because of Saylor, it's losing the momentum trade -
Bitcoin's recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor's bitcoin sales, according to Charles Schwab's Jim Ferraioli.
Crypto Long & Short: What about the American consumer? -
In this week's Crypto Long & Short, Alex Tapscott on the stalling of the CLARITY Act and how it's impacting the average American consumer. Then, Aisha Hunt writes that crypto will grow by upgrading Wall Street’s trusted products rather than replacing them.
Every single bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer -
Sawyer confirmed that Standard Chartered’s full acquisition of the firm is on track to target a signing at the end of June and complete by the end of August.
bitcoin.com
Community Clashes Over Strategy’s First Bitcoin Sale in 4 Years as MSTR Craters 7% -
Strategy Inc. sold 32 bitcoin between May 26 and May 31 for roughly $2.5 million, its first disclosed net bitcoin disposal since December 2022, according to a June 1 Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). For the first time in four years, Strategy founder Michael Saylor, the man who built […]
SEC Commissioner Challenges Blockchain Oversight Push That Could Shape Crypto Rules -
SEC Commissioner Hester Peirce challenged broad oversight of blockchain infrastructure, arguing securities rules should not automatically reach neutral networks, open-source code, or noncustodial tools. Her remarks framed crypto regulation around control, custody, and discretion. Why the SEC’s Blockchain Boundary Fight Could Reshape Crypto Rules A June 3 speech from U.S. Securities and Exchange...
XRP Falls Sharply as Traders Brace for Deeper Crypto Sell-Off -
XRP extended its decline, testing support near the $1.14 level, as heavy long liquidations, persistent selling pressure, and a series of lower highs reinforced the cryptocurrency’s bearish market structure. XRP Price Slides as Selling Pressure Intensifies At 10:09 p.m. on June 3, XRP was trading at $1.15712, extending a sharp decline that has dominated recent […]
Ripple Expands RLUSD Into Turkey as a $200B Crypto Market Signals Bigger Stablecoin Demand -
RLUSD, Ripple’s USD-backed stablecoin, has launched in Turkey via local crypto platforms, giving enterprises regulated access to digital dollars. The rollout supports payments, liquidity, collateral management, and tokenization in a market with roughly $200 billion in annual crypto volume. RLUSD Enters Turkey Through Local Platforms Serving Crypto Users Ripple said its USD-backed stablecoin, RL...
$1.2B Liquidated as Bitcoin Tests $62.5K Support Amid Sharp Crypto Selloff -
Bitcoin hovered under the $63,000 mark late June 3 after a steep selloff erased more than $1.2 billion in leveraged crypto positions during the past 24 hours. Data from Coinglass shows total liquidations reached approximately $1.12 billion over the last day, with long traders absorbing the overwhelming majority of the damage. Nearly $949 million in […]
Reason
Cato Institute
Tenth Amendment Center
Liberty Isn’t Taken. It’s Surrendered. -
Tyrants exploit the ignorance and corruption of the people. Samuel Adams warned us, but don’t just blame the tyrants. He said we should blame the people who make them possible by giving us a self-inflicted tyranny. On this Episode: Liberty isn’t taken. With a one-two punch, it’s surrendered.
The post Liberty Isn’t Taken. It’s Surrendered. appeared first on Tenth Amendment Center.
Refuse to Comply: Madison’s Blueprint to Stop the Feds -
“A refusal to cooperate.” That’s the strategy James Madison gave us to stop federal programs. In Federalist #46, he laid out a series of steps to combat “unwarrantable measures of the federal government” along with those that are “warrantable” but “unpopular.” In other words, we can use his blueprint to combat unconstitutional acts, as well […]
The post Refuse to Comply: Madison’s Blueprint to ...
They’re not Saving America. They’re Killing it. -
Written almost 300 years ago, it was so prophetic, it sounds like it was written today. A warning about the dangerous cult that promises to protect your country - but is really killing it. On this episode, it’s the true enemy within, destroying freedom.
The post They’re not Saving America. They’re Killing it. appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
We're Fighting Mass Surveillance Tech—and Winning -
EFF is on the front lines of the fight against tech-enabled tyranny, but we aren't alone. Our team depends on your help to fight back against the surveillance state.
JOIN EFF
People around the world are pushing back against the mass surveillance that undermines privacy and free expression for everyone. You can help during EFF's spring membership drive.
One of the people who joined the fight for...
Welcome New EFF Executive Director Nicole Ozer -
EFF welcomes our new Executive Director Nicole Ozer today!
Nicole is a legal expert on privacy and surveillance, artificial intelligence, and digital speech who previously served as the inaugural executive director of the Center for Constitutional Democracy at UC Law San Francisco. From 2004-2025, she was founding director of the Technology and Civil Liberties Program at the American Civil Lib...
One Step Forward, Two Steps Back: CA's AB 1856 Exempts Open Source But Expands Age-Gating -
After public outrage, California lawmakers are moving closer to exempting open-source operating systems from the sweeping age-bracketing regime mandated by last year’s Digital Age Assurance Act (AB 1043). Nonetheless, the current bill still jeopardizes internet users’ speech, privacy, and security.
While the open source exemption, if passed, would improve the law, the remaining amendments propo...
The Institute For Justice - Press Releases
Victory! Illinois Village Agrees to Let Laura’s Garden Grow After IJ Letter -
The village of Millstadt, Illinois will not be pursuing enforcement action against gardener Laura Schaefer after the Institute for Justice (IJ) sent a letter informing them that any such action would be illegal under the Illinois Garden Act.
The post Victory! Illinois Village Agrees to Let Laura’s Garden Grow After IJ Letter appeared first on Institute for Justice.
Illinois Village Orders Woman to Destroy Garden, a Violation of the State’s Right-to-Garden Law -
ARLINGTON, Va.—Laura Schaefer knows the difference between a weed and a desirable plant. A botany instructor with decades of experience, Laura has spent more than five years […]
The post Illinois Village Orders Woman to Destroy Garden, a Violation of the State’s Right-to-Garden Law appeared first on Institute for Justice.
Victory! City of Jacksonville, NC, Chooses Not to Appeal Food Truck Decision, Cuts Checks Instead -
ARLINGTON, Va.—Anthony “Tony” Proctor and Octavius “Ray” Raymond, local food truck owners of “The Spot” and “The Cheesesteak Hustle,” respectively, and Nicole Gonzalez, who owns […]
The post Victory! City of Jacksonville, NC, Chooses Not to Appeal Food Truck Decision, Cuts Checks Instead 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
PA: Stop the “Lock Up Your Safety” Bill in Harrisburg! -
Harrisburg Gun Grabbers Want to Criminalize Your Self-Defense! The anti-gun Democrats in Harrisburg are launching yet another direct assault on your God-given rights. On Monday, June 8th, the House Judiciary Committee is scheduled to hear two highly critical bills. This committee is run by Representative Tim Briggs (D-149), one of the most rabidly anti-gun members of the House who proudly … Rea...
SC: Can We Trust Stephen Goldfinch to be SC’s Top Cop? -
Gun Owners Should Remember Stephen Goldfinch’s Record on Constitutional Carry For nearly a decade, South Carolina gun owners fought to restore a simple principle: law-abiding citizens should not have to ask the government for permission before exercising their right to bear arms. That fight was long, difficult, and filled with obstacles. One of those obstacles was Senator Stephen Goldfinch. As ...
VA: GOA and VCDL Just Had a Major Win Against Universal Background Check Enforcement in Court! -
Today, Gun Owners of America and the Virginia Citizens Defense League won another major victory in our fight against Virginia’s unconstitutional Universal Background Check law. In Wilson v. Hanley, Judge Yeatts made it crystal clear that his statewide permanent injunction remains fully in effect and that Virginia law enforcement is expected to comply with that order. The court rejected efforts ...
Banking Dive
American Banker
Paze ramps up marketing with NBA Finals ad -
Early Warning Services' digital wallet solicited actors Elizabeth Banks and Gabrielle Union for its second national advertising campaign as it looks to tie itself to financial institutions in the public eye.
Large bank ratings improve under revised Fed review system -
Roughly 80% of banks with more than $100 billion of assets were deemed well-managed in the Fed's latest supervision and regulation report, a sharp increase from 2024.
Why MoneyGram wants a stablecoin -
In a sea of coins, the transfer firm's CEO says that by working with partners to build its own branded coin, it can control more of the related products and lower costs.
TD insider pleads guilty in $3.4M account fraud -
Cheungkin Lam fed customers' account details to a crew that drained their balances, including $417,300 from one account that TD had to repay.
Bessent calls inflation 'short-term blip' -
Treasury Secretary Scott Bessent downplayed senators' concerns about higher costs for Americans, noting average yearly inflation is lower than during the pandemic, while also confirming acting Attorney General Todd Blanche's Tuesday claim that the administration will not move forward with a $1.8 billion "anti-weaponization fund."
Bank of International Settlements
Lesetja Kganyago: Managing supply shocks - the role of monetary policy -
Address by Mr Lesetja Kganyago, Governor of the South African Reserve Bank, at the Bureau for Economic Research Annual Conference, Pretoria, 2 June 2026.
Yannis Stournaras: What can central banks do about housing affordability -
Speech by Mr Yannis Stournaras, Governor of the Bank of Greece, at the 32nd Dubrovnik Economic Conference, organised by the Croatian National Bank, Dubrovnik, 30 May 2026.
Christine Lagarde: When it matters most - upholding independence in challenging times -
Speech by Ms Christine Lagarde, President of the European Central Bank, at the 28th meeting of Francophone Central Bank Governors, Phnom Penh, Cambodia, 28 May 2026.
Federal Reserve - Press Releases
FDIC - Press Releases