Kitco News
Central banks are voting for gold with their balance sheets -
(Kitco News) - Actions speak louder than words. That old cliché should be one of the defining themes in the gold market through the second half of the year.
Wall Street and Main Street sentiment split after another week of weakness from gold as all eyes turn to CPI and Warsh testimony -
The latest Kitco News Weekly Gold Survey showed Wall Street and Main Street divided and indecisive on gold’s near-term prospects after the yellow metal failed to break out of its recent consolidation channel.
Gold holds above $4,100 as Hormuz tension, yields pressure silver - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are lower in late-afternoon U.S. trading Friday, as rising Treasury yields and firm Fed-rate expectations offset a softer U.S. dollar and renewed geopolitical risk tied to the Strait of Hormuz.
Gold struggles around $4,100 as markets await CPI and Warsh's Capitol Hill debut -
(Kitco News) - While the precious metal appears to be carving out a bottom following last month’s sharp losses, analysts warn investors that gold’s critical support could be tested next week as the Federal Reserve’s tightening bias faces a key test from important inflation data.
Gold likely finishes 2026 near $4,000/oz, silver between $55-60/oz – StoneX Q3 Outlook -
(Kitco News) – Gold’s price trajectory remains dependent on a resolution of the Iran conflict, with the yellow metal likely to finish the year close to the current $4,000 level, while silver will continue to take its cues from the gold price as it trades between $55 and $60 per ounce, according to the new StoneX Quarterly Commodities Outlook.
Poland’s central bank is buying the dip as gold's biggest buyers aren't backing down -
(Kitco News) - While speculators and retail investors have been liquidating their gold holdings, one major pillar of support remains firmly in place, with central banks viewing the current price action as a buying opportunity.
Gold, silver soften as Hormuz oil risk keeps yields firm - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are modestly lower ahead of the North American market open Friday, as traders balanced last week’s weaker payrolls report against Wednesday’s Fed minutes, steady Treasury yields and renewed Strait of Hormuz uncertainty.
Gold rebounds, silver soars as easing oil, softer dollar lift metals - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are higher in late-afternoon U.S. trading Thursday, as crude oil prices pulled back, Treasury yields eased and the U.S. dollar weakened after Wednesday’s Fed-minutes and Hormuz-driven selloff.
Have metals bottomed, and have yields peaked? Monetary and fiscal policies will determine both – CME’s Norland -
(Kitco News) – Investors attempting to discern whether gold and silver prices have set their cyclical lows, and whether bond yields have already seen their medium-term highs, should look to monetary policy in the near term while watching fiscal policies over the longer term, according to Erik Norland, Managing Director and Chief Economist at CME Group.In a recent analysis, Norland wrote that 20...
Gold still belongs in portfolios, but AI and the green transition are creating bigger opportunities elsewhere in commodities – FTSE Russell -
(Kitco News) - Although gold remains a critical portfolio anchor in an increasingly volatile macroeconomic environment, investors looking for more active long-term commodity opportunities should also pay close attention to metals tied to artificial intelligence and the global energy transition, according to one research firm.
Zero Hedge
China Lands Reusable Rocket On Barge, But SpaceX Remains Years Ahead -
China Lands Reusable Rocket On Barge, But SpaceX Remains Years Ahead
China successfully landed the first-stage booster of a Long March 10B rocket on a floating barge during an orbital launch test earlier Friday, marking the first major step in reusable launch technology, albeit roughly a decade behind Elon Musk's SpaceX.
"This mission … signifies a historic breakthrough in China'...
Iran Rejects US Talks As Mojtaba Calls For 'Vengeance'; Trump Warns 1,000 Missiles Are 'Locked & Loaded' -
Iran Rejects US Talks As Mojtaba Calls For 'Vengeance'; Trump Warns 1,000 Missiles Are 'Locked & Loaded'
Iran has thrown Trump's ultimatum and Saturday deadline right back at Washington, saying that instead it is the United States that must first meet the agreed-upon conditions in order to normalize shipping and energy transit in the Strait of Hormuz.
Fars news agency reports Satu...
Without Subsidies, Is AI Unaffordable? -
Without Subsidies, Is AI Unaffordable?
Authored by Charles Hugh Smith via OfTwoMinds blog,
Let's pull all this into an undeniable conclusion: AI is based on massively subsidizing users' costs.
What's already abundantly clear but verboten to say as it would pop the bubble of AI valuations and triumphalism is that AI is unaffordable once the direct and indirect subsidies are withdr...
Maine Dems Will Pick Platner Replacement At Rushed Convention This Month -
Maine Dems Will Pick Platner Replacement At Rushed Convention This Month
After their nominee for the 2026 Maine Senate race dropped out on Friday in the wake of sex assault allegations, Democrats will pick his successor at a convention on July 25th, the state party chair announced Friday afternoon. That's just two days before the deadline for making the change and securing a new no...
Key Revelations From 4th Batch Of Pentagon UFO Files -
Key Revelations From 4th Batch Of Pentagon UFO Files
Authored by Jacob Burg via The Epoch Times,
The Pentagon released its fourth new batch of UFO files on July 10, including a transcript from a conference that included scientists who worked on the Manhattan Project.
This release of information on UFOs, which the government refers to as unidentified anomalous phenomena (UAP), h...
Was SK Hynix's US Debut The AI Bubble Top? BNP Says It's Still 1998 -
Was SK Hynix's US Debut The AI Bubble Top? BNP Says It's Still 1998
With SK Hynix's American depositary receipts now trading under the temporary ticker SKHYV as of late Friday morning, the seven-times-oversubscribed offering highlights Wall Street's rush for more direct exposure to high-bandwidth memory amid the AI infrastructure boom.
Against the backdrop of mounting concerns ab...
Muhammad Tops Baby Boys' Names In England And Wales For Third Straight Year -
Muhammad Tops Baby Boys' Names In England And Wales For Third Straight Year
Official Office for National Statistics (ONS) data released today shows Muhammad - including variant spellings - has once again claimed the top spot as the most popular name for newborn boys in England and Wales.
This marks the third consecutive year Muhammad has led the boys' chart, continuing a trend t...
Small Business Chapter 11 Filings Increase 50% Year Over Year -
Small Business Chapter 11 Filings Increase 50% Year Over Year
Authored by Naveen Athrappully via The Epoch Times,
Small business Chapter 11 bankruptcy filings jumped 50 percent in the first half of 2026 from the same period last year, signaling pressure on business owners.
Chapter 11 is a type of bankruptcy filing that reorganizes a company’s debt to keep it afloat and allow th...
Cuba Plunges Into Second Island-Wide Blackout As Communist System Unravels -
Cuba Plunges Into Second Island-Wide Blackout As Communist System Unravels
Cuba suffered its second nationwide blackout in a matter of days late Friday, another sign that the communist-controlled island is sliding deeper into economic collapse amid tightening US sanctions and renewed pressure from the Trump administration.
Havana blames US "gunboat diplomacy" and the financial san...
Leftists Celebrate Murder Of Conservative British Politician -
Leftists Celebrate Murder Of Conservative British Politician
Authored by Steve Watson via Modernity News,
The savage killing of 78-year-old Reform UK spokeswoman Ann Widdecombe has unleashed a torrent of vile celebration from left-wing activists, revealing the depths of ideological hatred among the left in the UK.
Widdecombe, the outspoken former Conservative MP and prisons min...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
Ed Steer: Why gold and silver are ready to surge -
From Money Metals News Service, Eagle, IdahoSaturday, July 11, 2026
Gold and silver may have spent much of 2026 consolidating after January's sharp correction, but veteran precious metals analyst Ed Steer believes the next major move could be much higher.
In a conversation with Money Metals' Mike Maharrey, Steer explains why tightening physical supplies, growing demand from the East, unsustaina...
First government-owned gold mine aims to increase Burkina Faso's economic sovereignty -
From TeleSUR, CaracasThursday, July 9, 2026
Burkina Faso on July 9 inaugurated its first state-owned gold mine, marking a major milestone in the government's strategy to expand public control over the country's natural resources and strengthen its economic sovereignty.
Located in the municipality of Yako, in the Yatenga region, the project will be operated by the state-owned Societe de Particip...
GoldCore's Skoyles outlines China's gold bid, but who wants to trust China? -
7:08p ET Friday, July 10, 2026
Dear Friend of GATA and Gold:
GoldCore's Jan Skoyles this week brilliantly summarized China's creation in Hong Kong and Shanghai of a comprehensive and physical system of gold trading, clearing, settlement and vaulting allowing traders and investors to bypass the derivatives-based systems in London and New York, a new system based on Asian trading hours and with i...
China now has 7 of world's 10 biggest banks as Beijing's financial ambitions grow -
By Chelsea YangSouth China Morning Post, Hong KongThursday, July 9, 2026
China's "big four" state-run banks are the largest in the world in terms of asset scale, a new report has found, underscoring Beijing's rising ambitions to build the country into a global financial powerhouse.
The ranking, released by The Banker magazine on Wednesday, was topped by the four Chinese banks -- Industrial and ...
BIS gold swaps fell slightly in June but remain in rising trend -
6:45p ET Thursday, July 9, 2026
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements fell slightly in June, from 146 to 144 tonnes, GATA consultant Robert Lambourne reported today after the bank's statement of account for June was published:
https://www.bis.org/banking/balsheet/statofacc260630.pdf
The swaps, a measure of surreptitious central bank interv...
Wolf Street
CoinDesk
Lending protocol Bonzo loses 77% of value locked as $9 million oracle exploit rattles Hedera -
Bonzo Lend lost approximately $9.05 million after an attacker exploited a verification flaw in a third-party Supra oracle contract on the Hedera network.
Crypto IPO market stalls as capital rotates to AI and macro uncertainty weighs -
Funding constraints and investor caution, not regulation, are delaying crypto IPOs, according to Cohen & Company Capital Markets' Christian Lopez.
The UK has finally shown it’s serious about crypto -
Several recent regulatory steps indicate the UK might finally stop dragging its feet when it comes to crypto, argues Wirex CEO Chet Shah.
Bitcoin treasury company Empery Digital sold about half of its BTC stack -
It's a sign of the times as the troubled company swaps its bitcoin treasury ambitions for AI data centers.
AI found an Ethereum bug that could take validators offline, but humans had to prove it -
The Ethereum Foundation pointed coordinated AI agents at the software its validators run and got a remotely triggerable crash out of it. It also got a pile of confident, well-written findings that were not bugs at all.
Bitcoin analysts predict $300,000–$500,000 price in 2029. The math says no -
Analysts predict a rally to $300,000 or more by 2029. But key data suggests the era of moonshots may be over.
Meta's Chief Data Officer Says Agentic Commerce is the "Next Tier of Business" -
Alex Schultz says stablecoins are assumed inside Meta. The harder problem is getting the rest of the world there.
U.S. government digital dollar set to be banned tonight under housing law's CBDC limit -
Despite President Donald Trump's refusal to sign Congress' bipartisan housing bill, it's set to go into effect at midnight, and its temporary CBDC ban along with it.
Hyundai becomes first major South Korean company to introduce internal stablecoin transfers -
The initiative builds on a broader shift by companies exploring stablecoins to move money between international operations more efficiently.
OKX, MetaMask, Matter Labs back dispute resolution court for AI agents -
The Genlayer Foundation is leading the 27-firm consortium that makes AI-based payments, escrow and dispute resolution interoperable.
bitcoin.com
ChatGPT 5.6 Sol, Claude Fable Join 7 AI Models to Predict Bitcoin’s Aug. 1 Price -
Bitcoin is hovering below $64,000, but where it lands next is anyone’s wager. We asked a roster of artificial intelligence (AI) models to cut through the market noise and name their BTC price for Aug. 1. July has treated BTC somewhat more kindly than June. Yet bitcoin remains down more than 40% over the past […]
‘Bitcoin Is Over’: Former Meta and Google Engineer Warns of Quantum and Miner Time Bombs Affecting BTC -
Patrick Shyu, the former Meta and Google engineer known online as Techlead, warns that quantum computing and decaying miner incentives are two undefused threats hanging over Bitcoin. A Warning Worth Heeding Shyu, who served as a tech lead at Google and later as a staff software engineer at Meta before building a YouTube audience of […]
Bitcoin Policy Institute Fights $293B Wallet Grab as Noah Doe Court Date Nears -
This week, the Bitcoin Policy Institute (BPI) filed to intervene as a defendant on July 10 in a New York lawsuit seeking legal title to nearly 40,000 dormant bitcoin addresses, adding an institutional voice to a case that already pits plaintiffs’ counsel against a proposed amicus curiae. The filing lands in ABC Company, XYZ Company, […]
Blackrock and Vaneck Lead $90 Million Bitcoin ETF Inflow as Funds Notch First Green Week Since May -
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $90.44 million on July 10 while ether funds added $18.43 million, sealing the bitcoin products’ first weekly net inflow since May. Blackrock’s IBIT supplied $86.83 million of the day’s total. Green Indicators Reappear U.S. spot bitcoin ETFs recorded $90.44 million in combined net inflows on Friday, July 10, […]
Apple Sues OpenAI Over Trade Secret Theft ‘at Every Level’: Here’s What Is Known Till Now -
Apple filed a 41-page complaint against OpenAI in the U.S. District Court for the Northern District of California on July 10, accusing the ChatGPT maker of a coordinated campaign to steal hardware trade secrets. OpenAI says it has “no interest in other companies’ trade secrets.” Two Tech Behemoths Collide The lawsuit, filed Friday in federal […]
Reason
Emergency! and the Legalization of Paramedic Services -
News of the death of Randolph Mantooth, who played paramedic Johnny Gage on Emergency! reminded me of my UCLA colleague…
The post <i>Emergency!</i> and the Legalization of Paramedic Services appeared first on Reason.com.
Florida Politician (Anthony F. Sabatini) Faulted for AI Hallucinations in Briefs -
"It is rare to see the kind of blatant and repeated misconduct that Sabatini [acting as plaintifs' lawyer] has committed in this case."
Today in Supreme Court History: July 11, 1921 -
7/11/1921: Chief Justice William Howard Taft takes oath.
The post Today in Supreme Court History: July 11, 1921 appeared first on Reason.com.
John Fetterman Says He's 'Very Libertarian in a Lot of Ways' -
The Pennsylvania senator discusses drugs, the state of the Democratic Party, and his past support for Bernie Sanders.
Open Thread -
What’s on your mind?
Dispatch From COGE: A Bureaucratic Meeting About Cutting Bureaucratic Bloat -
Don't expect much from Zohran Mamdani’s Commission on Government Efficiency.
She Came to the U.S. at 4 Months Old. She Had To Self-Deport—Because She Came Here Legally. -
"Documented Dreamers" arrived in America lawfully as children. A hole in the law leaves them vulnerable to expulsion.
Sen. Mitch McConnell's Hospitalization Proves Again That Gerontocracy Sucks -
McConnell is no outlier: The U.S. Senate is the oldest directly elected upper legislative chamber in the world.
Short Circuit: An inexhaustive weekly compendium of rulings from the federal courts of appeal -
Armed canvassers, extrajudicial killings, and guns on the metro.
Lawyer Shows "Complete Disregard for His Ethical Obligations to Make Accurate Representations to the Court," Magistrate Judge Says -
"He has been sanctioned repeatedly for his reliance on AI without verifying the quotations and citations .... Worse still, while he represented to a court last year that he understands words 'must never be enclosed in quotation marks unless they accurately reflect the precise language of the cited source,' he brazenly minimizes and attempts to justify identical behavior here."
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
Building Our Future Together -
In my first weeks as Executive Director of EFF, I’ve been reminded every day how consequential this moment is in determining what kind of future we will have.
We are on the edge. What each one of us steps up to do – with our expertise, energy, and resources – will determine whether our future is one of openness, security, and fundamental rights, or one controlled through fear, surveillance, an...
Automated Moderation Is Here to Stay—Accountability Must Keep Pace -
This post is part 2 in a series about automated content moderation. Read the first post here.
When whistleblower Frances Haugen leaked a set of documents from Meta in 2020, among the revelations was a jarring statistic: The company’s algorithms designed to detect terrorist content incorrectly deleted nonviolent Arabic-language content 77 percent of the time, while failing to detect hate speech ...
"We Want Texans to Know Their Rights": Q&A with Mayday Health on the Impact of Surveillance on Abortion Care -
Last May, EFF reported that a sheriff’s office in Texas searched data from more than 83,000 automated license plate reader (ALPR) cameras to track down a woman suspected of self-managing an abortion. ALPRs are promoted as tools for keeping communities safe by finding missing persons and locating stolen vehicles, but this case showed how ALPRS can be weaponized to investigate people’s private he...
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
Gun Owners of America & Fuerza 2A Endorse Blaise Ingoglia for Florida Chief Financial Officer -
Gun Owners of America & Fuerza 2A Endorse Blaise Ingoglia for Florida Chief Financial Officer FOR IMMEDIATE RELEASE July 9, 2026 TALLAHASSEE, FL — Gun Owners of America (GOA) and Fuerza 2A proudly endorse Blaise Ingoglia for Florida Chief Financial Officer. Throughout his service in the Florida Legislature, Ingoglia has consistently stood with Florida’s law-abiding gun owners and fought to ...
MA: Attend the Civil Rights Coalition Special Event on July 15th! -
Massachusetts gun owners are facing an unprecedented assault on their constitutional liberties under the draconian overreach of Chapter 135. This unconstitutional legislation directly targets law-abiding citizens, creating an unnecessary and convoluted burden on anyone exercising their right to keep and bear arms. To counter this blatant infringement and fully restore our Second Amendment right...
VA: GOA Files VA Supreme Court Brief as Injunction Expands Statewide -
The fight over Virginia’s unconstitutional gun and magazine bans is moving fast. After GOA, GOF, VCDL, VCDF, and gun rights journalist John Crump secured a preliminary injunction in Crump v. Katz, Attorney General Jay Jones ran to the Supreme Court of Virginia asking the Court to put those bans back in force. GOA and our allies have now filed our opposition brief. … Read more
Banking Dive
American Banker
Housing bill quietly limps its way into law -
The bipartisan housing package, dismissed by President Trump as a "yawn," takes effect automatically after he declined to sign it in protest over stalled voter ID legislation.
Smallest standalone bank in America fails -
The failure of Kentland Federal Savings and Loan, the nation's smallest standalone bank at $3.7 million of assets, will cause an estimated $1.2 million hit to the deposit insurance fund, according to the Federal Deposit Insurance Corp. Kentland's failure is the third bank failure in 2026.
Circle is granted a trust bank charter from the OCC -
The stablecoin issuer has received final approval from the federal agency to open a trust bank division for custody of digital assets.
FirstSun joins list of banks hit by borrower fraud -
The Denver-based bank reported that two loans soured, one due to fraud. A number of other lenders reported sizable fraud-related losses last fall.
Custodia asks Supreme Court to rule on Fed master account -
The Wyoming digital asset bank is requesting that the high court review previous decisions granting the central bank 'unbounded, unreviewable discretion' in light of its recent Cook and Slaughter rulings. A decision could impact how cryptocurrency intersects with the standard banking system.
Bank of International Settlements
Assessing the effects of recent provisioning rules on consumer credit allocation in Colombia -
by Diego Cuesta-Mora, Fredy Gamboa, Camilo Sanchez-QuintoColombia's post-pandemic recovery in 2021–2022 was marked by rapid consumer credit growth, followed by deteriorating credit quality indicators amid tightening financial conditions. In January 2023, the Superintendence of Finance of Colombia (SFC) introduced higher provisioning requirements for long-term consumer loans to enhance financial...
Project Insight: uncovering the complexities of global value chains -
Project Insight developed a proof-of-concept dashboard to enhance policymakers' understanding and monitoring of global supply chain developments. By unifying detailed firm-level datasets, macroeconomic information and advanced analytics within a collaborative platform, the project demonstrated how granular and complex GVC dependencies can be studied more effectively.
On the comparison of capital requirements for global systemically important banks -
Basel III introduced a comprehensive package of capital reforms to bolster the resilience of the global banking system. While the standard supports regulatory convergence across jurisdictions by establishing a common minimum set of requirements for internationally active banks, it also gives national authorities flexibility to exceed the minimum standards. Heterogeneous applications of Basel II...
Federal Reserve - Press Releases
FDIC - Press Releases