Kitco News
Gold and silver slip as Hormuz attacks lift oil, Fed-risk premium - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are weaker late Tuesday in North American trade, as higher Treasury yields, a firmer dollar and renewed Strait of Hormuz attacks offset the support metals had carried after last week’s weak payrolls report.
China’s central bank buys the dip, increasing gold reserves by 15 tonnes in June -
(Kitco News) - As many analysts expected, central banks used gold’s further selloff last month to tactically increase their official gold reserves, with the People’s Bank of China continuing to dominate the market.
Digital gold could unlock bullion's next bull market by solving liquidity challenges, but trust remains a challenge - Gold Token SA’s Hemecker -
(Kitco News) - Not only has gold surpassed U.S. Treasuries to become the world’s top central bank reserve asset, but the recent global energy crisis provoked by the war in Iran has proven the precious metal’s worth as an important source of liquidity, and according to one market executive, the yellow metal's evolution is just beginning.
Hong Kong begins trial of new central gold trading system, with first transactions complete and first bullion deposited -
(Kitco News) – Hong Kong has begun the trial operation of a new central clearing and settlement system for gold, part of a broader set of policy and market initiatives intended to strengthen the city’s position as an international hub for the precious metals market.Hong Kong’s Financial Services and the Treasury Bureau (FSTB) announced the launch of the initiative earlier today.
Gold correction has reset the market, but MKS’ Shiels still sees $4,500 average price in 2026 -
(Kitco News) - Gold's sharp correction from its record highs may have rattled investors, but MKS PAMP is urging them not to mistake the recent selloff for the end of the precious metal's secular bull market.
Gold and silver’s 2026 price lows are likely in, and a return to fundamentals will see renewed gains – Sprott’s Hemke -
(Kitco News) – It’s been a frustrating four months for precious metals investors since the Iran War caused inflation expectations and rate hike projections to rise. But the lows of the year for gold and silver prices are already in, and gold and silver should begin benefitting from the long-term rally’s drivers once again, according to Craig Hemke at Sprott Money.
Gold holds above $4,100 as Fed minutes, Hormuz risk lift yields - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are modestly higher and spot silver prices are weaker ahead of the North American market open Tuesday, as traders faded part of last week’s payrolls-led rally while Treasury yields, the U.S. dollar and crude oil prices moved higher. At the time of writing, spot gold was trading near $4,169.39 an ounce, up 0.10%, while spot silver was trading near $61.397, dow...
Gold, silver down and can’t escape the anchor of Fed rate hikes - Kitco PM Report -
(Kitco News) - Spot gold and silver prices were weaker following the North American equities close, with traders fading part of last week’s jobs-led rebound while keeping Wednesday’s Federal Reserve minutes and Strait of Hormuz headlines in view.
Gold price may have found its floor as liquidation gives way to consolidation – Saxo Bank -
(Kitco News) - Although gold prices have been unable to break initial resistance above $4,200, one market strategist expects the worst of the selling pressure from the months-long correction may now be over.
Natixis sticks with $4,600 gold target as central banks prepare to ramp up buying -
(Kitco News) - Although gold has corrected sharply from its record highs above $5,500 an ounce, one precious metals analyst says the pullback has done little to alter the market's long-term bullish fundamentals, maintaining that prices can still end the year around $4,600 an ounce.
Zero Hedge
Japan's Keynesian Mirage: How Debt, Inflation, & A Collapsing Yen Expose A Failed Model -
Japan's Keynesian Mirage: How Debt, Inflation, & A Collapsing Yen Expose A Failed Model
Authored by Daniel Lacalle,
Japan’s yen crisis exposes the long‑running failure of the Keynesian strategy that has dominated the country’s economic policy: chronic deficits, exploding public debt, and engineered inflation are now eroding Japan’s purchasing power, competitiveness, and monetary s...
International Olympic Committee Lifts Suspension, Russians To Compete At LA Games -
International Olympic Committee Lifts Suspension, Russians To Compete At LA Games
In another sign of war fatigue in the West, and perhaps amid greater realization that 'punishing' the Russian people is having no real effect on the course of the Ukraine war, the International Olympic Committee (IOC) has finally eased restrictions on Russian athletes ahead of the 2028 Games in Los An...
US Launches New Iran Strikes Overnight: 'Heavy Costs' For Attacks On Commercial Shipping -
US Launches New Iran Strikes Overnight: 'Heavy Costs' For Attacks On Commercial Shipping
Summary:
US strikes on Iran announced, as 'heavy costs' for earlier targeting of multiple commercial vessels
Oil rises as Treasury revokes June 21 Iran oil waiver
Hormuz Threat Level Raised To "Severe"
Three maritime incidents reported on Hormuz in last 24 hours
Another unidentified ves...
China Test-Launches Nuclear-Capable Ballistic Missile In Pacific, Alarming Neighbors -
China Test-Launches Nuclear-Capable Ballistic Missile In Pacific, Alarming Neighbors
Via The Cradle
The Chinese navy on Monday test-launched a strategic missile from a nuclear submarine in the Pacific Ocean in the framework of its annual military exercises.
"At 12.01pm on July 6, a strategic nuclear submarine of China's People's Liberation Army Navy successfully launched a... str...
Anthropic Removes "Scary" Secret Claude Tracker After Developer Stumbles Across It -
Anthropic Removes "Scary" Secret Claude Tracker After Developer Stumbles Across It
Anthropic has removed hidden detection code from its Claude Code tool after a developer reverse-engineered the binary and exposed how the company was subtly monitoring users in China.
The code, which Anthropic described as an experiment launched in March, used a form of prompt steganography to sig...
Activists Push California To Recognize 'Black English' In Preschool Classrooms -
Activists Push California To Recognize 'Black English' In Preschool Classrooms
Via American Greatness,
Progressive California education activists are urging the state to recognize “black English” in preschool classrooms, claiming the approach would strengthen literacy development and affirm the language spoken by many black children.
Black Californians United for Early Care & E...
The NYT Sat On The Rape Allegations Against Platner Last Month -
The NYT Sat On The Rape Allegations Against Platner Last Month
Graham Platner's Senate campaign is imploding after Politico published a detailed account on Monday from Jenny Racicot, a 41-year-old Democrat from Maine, who accuses the progressive darling of rape. Donors are heading for the exits, Democrats are withdrawing endorsements, and calling for Platner to drop out.
But the...
Federal Appeals Court Rules Sex Offenders Have Constitutional Right To Live With Their Children -
Federal Appeals Court Rules Sex Offenders Have Constitutional Right To Live With Their Children
Authored by Matthew Vadum via The Epoch Times,
A federal appeals court ruled July 6 that convicted sex offenders retain a fundamental constitutional right to live with their own children.
The new ruling by the U.S. Court of Appeals for the 11th Circuit arises out of an Alabama case b...
The View's Sunny Hostin Says American Flags Make Her Feel 'Unsafe' -
The View's Sunny Hostin Says American Flags Make Her Feel 'Unsafe'
Authored by Eric Utter via AmericanThinker.com,
The View’s preternaturally ignorant and repulsive Sunny Hostin recently stated:
There are times when I walk into a community and I see American flags all over the community and I suddenly feel unsafe because there's a section of this country that has coopted the Ame...
Beijing Weighs Restricting Foreign Access To China's Top AI Models -
Beijing Weighs Restricting Foreign Access To China's Top AI Models
Up until now, the politicization of AI models generally ran in one direction with US "frontier" LLM providers such as Anthropic and ChatGPT complaining consistently that Chinese open-sourced models were "distilling" (i.e. reverse-engineering) their products. And whether true or not, China has certainly been able to ...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
Christine Lagarde leaves door open to early ECB exit, as she mulls French politics -
The European Central Bank's Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics.
Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era -
A drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons.
U.S. job creation cools in June with payrolls growth of just 57,000; unemployment rate at 4.2% -
Nonfarm payrolls were expected to rise by 115,000 in June and the unemployment rate to hold steady at 4.3%.
Europe wants to rebalance trade with Beijing, but can't quit Chinese air conditioners -
A historic heat wave has driven unprecedented demand for Chinese-made air conditioners in Europe, underscoring the tough task Brussels faces in rebalancing trade with Beijing.
World Cup could boost the June jobs report by 40,000, Goldman estimates -
Nonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.
GATA
China gold reserves rose in June the most since 2023 even as bullion tumbled -
By Dylan Duan and Ryan WooReutersTuesday, July 7, 2026
China's central bank reported its biggest monthly increase in gold reserves in more than 2 1/2 years in June, official data showed today, though bullion prices tumbled.
The People's Bank of China maintained gold purchases for a 20th straight month, with its reserves hitting 75.44 million fine troy ounces by the end of June, versus 74....
Hong Kong begins trial operation of gold clearing and settlement system -
Enoch Yiu, Julie Zhang and Wynna WongSouth China Morning Post, Hong KongTuesday, July 7, 2026
Hong Kong inaugurated on Tuesday the trial operation of a gold clearing and settlement system, a step toward building the city into a trading hub and price-setter for the precious metal.
The decision was announced at the Hong Kong FIC & Bond Connect Summit by Chief Executive John Lee Ka-chiu, who haile...
Citi to join 'club' of clearing banks controlling London gold market -
By Leslie HookFinancial Times, LondonMonday, July 6, 2026
Citigroup is set to join the "club" of banks that control London's $200 billion-a-day physical bullion market, as the U.S. bank expands its reach into precious metals at a time of huge volatility for gold and silver.
The bank is the first new clearing member to join the biggest gold market in a decade, and will bring to five the total nu...
Gold market manipulation hasn't gone away and GATA still needs your help -
10:55a ET Wednesday, June 24, 2026
Dear Friend of GATA and Gold (and Silver):
The last year has been dramatic for the monetary metals. Sharp increases in price, indicative of short squeezes, have been offset by counterintuitive downward smashes even as a major war has broken out while another has intensified. News reports and analysis have emphasized the role of some central banks as major long...
Will this be the month of liberation for the monetary metals? -
10:19a ET Sunday, July 5, 2026
Dear Friend of GATA and Gold:
A friend from the U.S. heartland writes:
"Over the decades we gold bugs have seen numerous rumors of gold price surges, crashes, and coming disasters of one sort or another come and go without materializing. So naturally I am skeptical of the latest one making the rounds about prices gravitating to China from London and New York.
"N...
Wolf Street
Consumer “Inflation Expectations” Throw the Fed another Curveball -
The Fed watches inflation expectations closely. It wants them to remain “anchored.” But consumer inflation expectations have become unanchored.
Home Prices in the Largest Countries of Europe in Q1 2026, from Splendid Housing Bubbles to a Market that’s Back to 2010 -
Prices for Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czechia, Finland, Portugal, Slovakia, Hungary, Bulgaria.
My Take on the Zero-Sum New-Vehicle Market in the US: Decades of Stagnation & Decline Interrupted by Steep Plunges -
But not all automakers are losers in this tough market.
Legal Tender News
CoinDesk
bitcoin.com
Prediction Markets Price Platner’s Maine Senate Exit as All but Certain by Late July -
Prediction-market traders now see the withdrawal of Maine Democratic Senate nominee Graham Platner as close to inevitable within weeks, after a new allegation triggered a collapse in Democratic support. Contracts on Polymarket and Kalshi rapidly repriced his exit, the seat’s partisan odds, and even his likely replacement – each in a matter of hours. How […]
SBI Holdings Backs EDX Markets With $76 Million, Fuels OCC Trust Charter Bid -
EDX Markets closed a $76 million Series C funding round led by SBI Holdings, the Chicago-based crypto exchange operator announced Tuesday. The latest round adds a major Japanese financial backer to EDX’s cap table as the firm pushes deeper into institutional digital asset infrastructure. EDX operates an institution-only trading venue paired with a central clearinghouse, […]
The Top 8 Crypto Exchanges by Reserves; Binance Holds a $130.1B War Chest -
Binance controls more crypto than any other exchange currently operating on earth, holding $130.1 billion in digital assets tracked across onchain wallets by Arkham Intelligence. That figure puts Binance well ahead of the next nine exchanges combined in some categories, according to portfolio data pulled from Arkham’s blockchain analytics platform. The rankings, logged on July […]
Rick Rule Warns the Fed May Have to Print Again to Bail out Markets -
Rick Rule says the biggest threat to markets right now sits inside high-yield bond exchange-traded funds (ETFs) that investors mistake for cash. The veteran resource investor made the comment during a July 7, 2026, interview with David Lin of The David Lin Report, recorded from the floor of the Rule Symposium in Boca Raton, Florida. […]
SEC Unveils Sweeping 2026 Agenda to Reshape Crypto and Capital Markets -
The SEC’s 2026 Regulatory Agenda signals a broader push to modernize U.S. capital markets through crypto clarity, IPO reform, and expanded private market access. Why the SEC Is Recasting Market Rules Around Innovation Securities and Exchange Commission (SEC) Chairman Paul Atkins released a July 7 statement on the 2026 Regulatory Agenda, placing crypto, IPOs, and […]
Reason
$150K Settlement as to Community College "Diversity, Equity, Inclusion, and Accessibility" Requirements for Teaching -
The Institute for Free Speech, which represented Bakersfield College Prof. Daymon Johnson, reports: Johnson has secured a settlement that makes…
The post $150K Settlement as to Community College "Diversity, Equity, Inclusion, and Accessibility" Requirements for Teaching appeared first on Reason.com.
Eleventh Circuit Panel Strikes Down (by 2-1 Vote) Stop Florida University Professor Speech Restrictions -
The restrictions appeared in the law that Gov. Ron DeSantis promoted as the "Stop W.O.K.E. Act."
Nigel Farage Resigns His Parliamentary Seat—and Is Standing for Election Again -
The Reform U.K. leader wants to reframe questions over his undeclared gifts as a “people vs. the establishment” fight. But a fresh mandate from Clacton won’t answer whether he followed parliamentary rules.
Afghan Special Forces Veteran Died in ICE Custody After Officers Denied Him an Inhaler -
The death certificate blames an adverse drug reaction and meth. His family calls that impossible.
Mitch McConnell's Absence Sparks Thomas Massie Senate Speculation -
Rumors surrounding McConnell’s health are putting new attention on one of the GOP’s most unconventional lawmakers.
The American Revolution Was Fought With Muskets and Ink -
As John Adams said, the war was both an effect and a consequence of a revolution in the minds of the people.
FIRE Files Lawsuit Against ICE Violations of the First Amendment -
ICE is a menace to freedom of speech, as well as other civil liberties.
He Compared ICE's Chief to a Nazi, so ICE Tracked Him Down on Vacation With His Daughter -
A new lawsuit accuses the Trump administration of violating the First Amendment rights of its critics by issuing warning notices to them.
Lawsuit by Khymani James ("Be Grateful That I'm Not Just Going Out and Murdering Zionists") Against Columbia Dismissed -
As to James' discrimination claim, "James, who was on disciplinary probation leading up to the suspension, admits that Columbia suspended students involved in the encampment and fails to identify another student, who was also on disciplinary probation, whom Columbia declined to discipline."
Europe, A.C., and the Housing Exception to America's Economic Success Story -
Plus: L.A. criminally charges contractors offering to build an ADU in the Palisades, South Carolina streamlines squatter removal, and a Florida city uses eminent domain to thwart state housing law.
Cato Institute
Tenth Amendment Center
Five Weapons. One Target: Your Freedom. -
The top tools of tyrants aimed right at your liberty. Washington, Webster, Paine, Madison, and more - they saw every one of them coming and warned us. On this Episode - what they use against us and what’s self-inflicted.
The post Five Weapons. One Target: Your Freedom. appeared first on Tenth Amendment Center.
They’re not Grievances. They’re STOLEN Power -
Declaration of Independence: That long list of charges against the king aren’t mere “grievances.” That word isn’t even in the text. They Founders didn't secede and fight a long, bloody war over mere complaints about bad policy. American Independence was built on something else spelled out in the text itself, and understood by everyone at the time. On this Episode - It's the foundation of the de...
Let’s Not Forget What Madison Said About War -
What Madison is pointing out is that among all the ways that government destroys the liberty of its own people, its wars are the worst.
The post Let’s Not Forget What Madison Said About War appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
Automated Moderation Is Here to Stay -
This blog post is part 1 of a 2-part series. The second part will set out recommendations for companies and policymakers.Six years ago—one month into a global pandemic—we argued that the automated moderation processes many platforms were rapidly adopting should be highly transparent, easily appealable, and temporary. We warned that "protocols adopted in times of crisis often persist when the cr...
Help EFF Cut the AI Hype -
In the global race to build and dominate the AI industry, it can sure seem like the interests of ordinary people sit last on the agenda. It's just the opposite for EFF. While companies furiously jam AI tools into their veins and your eyeballs, EFF’s technologists, activists, and attorneys have been meticulously cutting through the hype to ensure AI can serve your privacy and free expression. Te...
LGBT Q&A: How Can I Wipe Online Data That Points To My Queer Identity? -
This Pride, we’re answering all your digital rights questions in season two of our initiative, LGBT Q&A.
You Asked: Is there a way for me to wipe data about me online that could point to my queer identity?
EFF’s Answer: You cannot protect everything all the time, but there are ways to wipe information about yourself online.
Most information available about you online will typically be found i...
The Institute For Justice - Press Releases
Physical Therapist Files Legal Challenge Against Leavenworth, Wa. for the Right to Run a Small In-home Practice -
For more than 15 years, licensed physical therapist Nicole Bulow has helped people get back to the lives they love, guiding active adults through injury […]
The post Physical Therapist Files Legal Challenge Against Leavenworth, Wa. for the Right to Run a Small In-home Practice appeared first on Institute for Justice.
South Milwaukee Orders Residents to Take Down Whimsical Skeleton Display, a Violation of Their First Amendment Rights -
Sean and Laura Oster have a bone to pick with South Milwaukee.
The post South Milwaukee Orders Residents to Take Down Whimsical Skeleton Display, a Violation of Their First Amendment Rights appeared first on Institute for Justice.
New Illinois Law Allows Barbers and Cosmetologists to Learn and Earn -
SPRINGFIELD, Ill.—A new Illinois law will allow residents to earn money while they are learning the skills necessary to become licensed barbers, cosmetologists, estheticians, braiders, […]
The post New Illinois Law Allows Barbers and Cosmetologists to Learn and Earn 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
VA: Major Victory – Court Rejects Richmond’s Attempt to Kill GOA’s Gun Ban Lawsuit -
We have another important victory in the fight against Virginia’s unconstitutional gun and magazine bans. A three-judge panel has denied the Commonwealth’s attempt to consolidate the lawsuits challenging Virginia’s new gun control laws. That means Crump v. Katz, GOA and VCDL’s lawsuit against the so-called “assault firearm” and magazine bans, can continue in Lancaster County. This matters. Rich...
VA: Jay Jones Launches Emergency Attack on Virginia Gun Owners’ Court Victory -
Attorney General Jay Jones did not waste any time attacking Virginia gun owners. Just days after GOA, GOF, VCDL, VCDF, and gun rights journalist John Crump secured a preliminary injunction in Crump v. Katz, Jones and the Commonwealth are running to the Supreme Court of Virginia to try to bring the gun bans back. GOA’s attorneys will be working throughout the Independence Day weekend … Read more...
ATF’s Fake Rollback Keeps Biden’s Gun Control Alive, Fight Back! -
Thanks to GOA’s lawsuit, a federal judge in Texas vacated Biden’s “Engaged in the Business” rule in its entirety. That rule tried to twist the Bipartisan Safer Communities Act to impose backdoor universal background checks by redefining who counts as a “dealer.” Now, ATF has proposed a replacement rule that claims to “rescind” the Biden rule, but in reality keeps … Read more
Banking Dive
Massachusetts lender to acquire NH bank for $160M -
The acquisition is set to expand Hometown’s footprint in New Hampshire and add $743 million in assets.
Bank7 to buy 71% of Century Bank, maybe -
Century said it’s not involved in the share sale. But after its largest shareholder defaulted on loans at another bank with Century shares as collateral, the sale is, in part, up to the courts.
Klarna applies for ILC charter -
CEO Sebastian Siemiatkowski called a U.S. banking license a "natural next step, giving customers tools to borrow responsibly and build financial confidence."
U.S. Bank pursues Gen Z with payments-first strategy -
By treating payments as the entry point to banking relationships, the Minneapolis-based lender is cultivating a low-cost funding base in a fiercely competitive deposit environment, said executive Arijit Roy.
AI will reshape financial services, and regulation will follow -
As banks move toward AI-first services, managing autonomy will be the main challenge for regulators, according to the U.K.’s primary financial watchdog.
American Banker
Bank of International Settlements
Blockchain consensus mechanisms and fragmentation -
by Daniel Eidan, Jon Frost, Rudraksh Kansal, Ulf Lewrick, Sang Hyuk Lim, Tomasz RybarczykWhile all permissionless blockchains use token-based incentives to sustain honest validation, differences in how validator rewards, coordination and participation are structured lead to distinct equilibria and trade-offs between decentralisation, security and scalability. These trade-offs underpin the emerg...
What makes money, money? Ensuring trust in the next generation financial ecosystem -
Remarks by Ms Andréa M Maechler, Deputy General Manager, Bank for International Settlements (BIS), at the Point Zero Forum, Zurich, 24 June 2026.
Timur M Suleimenov: Statement - base rate of the National Bank of Kazakhstan -
Statement by Mr Timur M Suleimenov, Governor of the National Bank of Kazakhstan, on the base rate of the National Bank of Kazakhstan, Astana, 5 June 2026.
Federal Reserve - Press Releases
FDIC - Press Releases