Kitco News
Gold steadies as claims beat, Hormuz talks trim haven bid - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are firmer but spot silver prices are weaker in early U.S. trading Thursday, as softer labor-market momentum and lower Treasury yields offset a firmer U.S. dollar and a reduced geopolitical premium tied to Strait of Hormuz negotiations.
Gold price holding above $4,200 as U.S. jobless claims remain below 200k -
(Kitco News) - Although gold prices have retreated from their overnight high above $4,300 an ounce, the market is holding solid support above $4,200 an ounce even as the U.S. labor market continues to show resilience, with the number of Americans filing first-time unemployment claims remaining below a key level.
Gold, silver prices surge highs as yields ease, Hormuz hopes cap oil inflation fears - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices rallied sharply after the close Wednesday, as softer U.S. labor data, a weaker U.S. dollar and lower Treasury yields offset lingering expectations that the Federal Reserve could still tighten policy again in September.
Gold's rally has further to run as debt, de-dollarization fuel secular bull market: Gabelli's Mancini -
(Kitco News) - Gold is attracting renewed investor interest as prices climbed above $4,250 an ounce on Wednesday, marking a seven-week high. While the precious metal still faces short-term headwinds from monetary policy uncertainty, one fund manager argues that the powerful forces underpinning gold's secular bull market remain firmly in place.
Gold's breakout was the buy signal, but no new record this year, analyst says -
(Kitco News) - Florian Grummes has raised his invested position from 50% to 80%. He is buying juniors, not producers. And he does not think gold sees a new high in 2026.
'It's our time': Sunshine Silver CEO says silver miners are poised to shine as AI fuels demand -
(Kitco Commentary) - Artificial intelligence may be dominating investor conversations, but one mining executive said that investors are increasingly recognizing a simple reality: AI cannot exist without the metals that power it.
Gold prices trading near session highs as ISM Services PMI increases 54.1 -
(Kitco News) - The gold market is holding near session highs above $4,200 an ounce as the U.S. service sector loses momentum, driving fears of a potential economic slowdown that could force the Federal Reserve to abandon its tightening bias.
Gold pushes toward $4,200 as soft ADP cools Fed-hike bets - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply higher in early U.S. trading Wednesday, as softer labor-market data, lower energy inflation risk and a softer U.S. dollar reduced pressure from the Fed’s hawkish July hold.
Gold prices push above $4,200 as ADP says 44k jobs created in July -
(Kitco News) - The gold market is adding to its overnight gains, pushing to session highs above $4,200 an ounce as the U.S. economy created fewer private-sector jobs than expected in July, according to private-sector payroll processor ADP.
Silver leads metals higher as Hormuz optimism cuts oil risk premium - Kitco PM Report -
(Kitco NewsWire) - Spot gold prices were firmer, as spot silver prices rallied late Tuesday, as lower oil prices and softer bond yields helped offset still-hawkish Federal Reserve expectations after last week’s divided policy hold.
Zero Hedge
Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering -
Hyperscaler Bond Spreads Blow Out After Google Shocks With Another $25 Billion Bond Offering
After tightening sharply following last week's (pre-Situational Awareness) rout which sent hyperscaler CDS to the widest on record, AI bond spreads are blowing out again this morning - with SpaceX bonds - which have quickly emerged as the fulcrum bond security of the AI world - plunging thi...
Senate Panel Holds Fauci In Contempt For Refusing To Answer Questions -
Senate Panel Holds Fauci In Contempt For Refusing To Answer Questions
Anthony Fauci has been held in contempt of Congress by the Homeland Security and Governmental Affairs Committee, after he repeatedly refused to answer lawmakers' questions about funding risky research to genetically manipulate bat coronavirus in Wuhan China, and his role in the ensuing lockdown quagmire that crat...
Federal Review Finds 90% Of Maine's Autism Support Services Lacks Justification -
Federal Review Finds 90% Of Maine's Autism Support Services Lacks Justification
Authored by Debra Heine via American Greatness,
Centers for Medicare and Medicaid Services (CMS) Administrator Dr. Mehmet Oz revealed Tuesday that federal investigators have found widespread irregularities in Maine’s support services for adults with autism.
Speaking Tuesday during a Department of Ju...
Yemen War Reignites As Houthis Intensify Saudi Shipping Attacks, Ground Assault, With Hormuz Deal 'Close' -
Yemen War Reignites As Houthis Intensify Saudi Shipping Attacks, Ground Assault, With Hormuz Deal 'Close'
Yesterday witnessed at least the eighth Saudi oil tanker attacked by the Houthis since the maritime blockade began on July 22, which is being followed by reports the Yemeni rebel group backed by Iran could be preparing for all-out war with Saudi Arabia.
The group struck two Sa...
Situational Awareness Returns With $400M Investment After Nearly Collapsing -
Situational Awareness Returns With $400M Investment After Nearly Collapsing
Authored by Zoltan Vardai via CoinTelegraph.com,
Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, reportedly invested $400 million in a privately held company days after it nearly collapsed under margin calls.
The fund invested $100 million in the same unn...
Initial Jobless Claims Remain Near 57-Year Lows -
Initial Jobless Claims Remain Near 57-Year Lows
The number of Americans filing for unemployment benefits for the first time held below 200k again last week...
...basically hovering at its lowest since 1969...
Pennsylvania and New Jersey saw claims rise the most last week while North Carolina and Ohio saw the biggest decline...
Continuing jobless claims ticked up, just abov...
Celsius Shares Crash As Revenue Misses Estimates -
Celsius Shares Crash As Revenue Misses Estimates
Celsius Holdings, the Florida-based beverage company with a portfolio of some of America's top-performing energy drinks, reported weaker-than-expected second-quarter results, as revenue, adjusted earnings, and profitability missed Wall Street estimates.
Second-quarter adjusted earnings fell to 36 cents per share from 47 cents a y...
The BoJ And The Fed Just Made Gold Obvious -
The BoJ And The Fed Just Made Gold Obvious
Authored by Matthew Piepenburg via VonGreyerz.gold,
Between the market’s reaction to Warsh’s recent no-rate-hike announcement and the current disaster unfolding with the Japanese yen, the set-up for near-term “Uh-Oh” in stocks and bonds in general–and the longer-term wisdom in precious metals in particular– couldn’t be more obvious.
St...
Futures Flat As Tech Slides After Memory Stocks, Korea Tumble -
Futures Flat As Tech Slides After Memory Stocks, Korea Tumble
US futures are mixed with S&P futures modestly higher offset by a slide in tech: as of 8:00am ET, S&P futures are up 0.1% while Nasdaq futures drop 0.5%, hit by a plunge in Sandisk (down 9% in pre-market), and rival Western Digital which tumbled 15%, after both companies reported earnings. AppLovin also slumped 16% after m...
Datadog Crashes Most On Record As 2Q Gross Margin Disappoints Despite Forecast Boost -
Datadog Crashes Most On Record As 2Q Gross Margin Disappoints Despite Forecast Boost
Shares of cloud-monitoring and security company Datadog crashed the most on record in premarket trading in New York, as stronger-than-expected second-quarter results and an upgraded full-year profit and revenue outlook still failed to satisfy the market's high expectations.
Datadog now expects fu...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
Congo bans export of copper and cobalt concentrates, Reuters says -
By Ange Adihe Kasongo and Maxwell Akalaare AdombilaReutersThursday, August 6, 2026
KINSHASA, DR Congo -- The Democratic Republic of Congo has banned exports of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from its mineral resources, a government order reviewed by Reuters today shows.
After Reuters reported the ban, benchma...
Adam Sharp: Gold surges as the debt reckoning begins -
By Adam SharpDaily Reckoning, BaltimoreWednesday, August 5, 2026
It was a good day for gold bugs. ...
I believe we'll set new all-time highs within the next few years. Heck, it could even be this year.
The market is slowly remembering that behind the Iran war and AI excitement, there's still a looming global debt crisis.
... Dispatch continues below ...
... ADVERTISEMENT ...
USA Gold: Coins an...
Asia turns to gold in structural wealth shift -
By Kimberley LongThe Banker, LondonWednesday, August 5, 2026
Asian banks have considerably increased their gold product offering in recent months, spurred by growing consumer and central bank demand for a safe-haven commodity and local clearing.
The number of gold-focused banking products and services has risen significantly since the start of 2026. New developments include Singapore's DBS offe...
Chinese dip-buying bolsters gold as prices find floor at $4,000 -
From Bloomberg Newsvia Financial Post / National Post, TorontoTuesday, August 4, 2026
Chinese institutional investors have swooped on gold in recent weeks, helping to arrest the precious metal's decline and keep prices above the key threshold of $4,000 an ounce.
Gold-backed exchange-traded funds in China saw 14 straight days of inflows up to Monday, the longest streak since March, according to ...
Why the U.S. stepped in after decades to prop up Japan's yen, and what's at stake -
By Lee Ying ShanCNBC, New YorkMonday, August 3, 2026
Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention, with analysts pointing to concerns over U.S. Treasury markets and Japan's financial system.
Tokyo has grown increasingly wary of the yen's decline, which recently dropped to its weakest level against...
Wolf Street
Legal Tender News
Legal Tender Forces Gold Out -
The government has many ways of forcing us to use their paper dollar as money. The tax on capital gains on gold (I wrote about this here) is one bullet in their gun. The legal tender law—U.S. Code ...
What Is A "Legal Tender Law"? And, Is It A Problem? -
What is a legal tender law? Over the years, there has been some discussion about “legal tender laws” in the United States. I talked to a legal expert about it, and discovered – as I suspected – that ...
What Is Considered Legal Tender in the US? -
"Legal tender" means that the financial instrument in question legally serves to pay any public or private debt. Federal law guarantees its printed value regardless of its intrinsic convertible value, ...
Alabama Reaffirms Gold and Silver As Legal Tender -
MONTGOMERY, AL / ACCESS Newswire / April 11, 2025 / Alabama Gov. Kay Ivey has signed Senate Bill 130 into law, reaffirming gold and silver as legal tender. This symbolic victory marks Alabama's latest ...
Bill Introduced To Make Bitcoin A Legal Tender In Arizona -
Senator Wendy Rogers has introduced a bill proposing to make bitcoin a legal tender in the U.S. state of Arizona. The bill seeks to add bitcoin to the list of instruments considered legal tender in ...
CoinDesk
JPMorgan says Hyperliquid ETF inflows have stalled as competition mounts -
After leading crypto ETF inflows in May and June, demand for Hyperliquid funds stalled in July and August as competition intensified, the bank said.
Bitcoin’s low volatility doesn’t necessarily mean low risk -
Your day-ahead look for Aug. 6, 2026
Free Markets and Innovation, Sort Of -
The Journal’s editorial board rejects crypto competition and instead misinterprets Clarity, a pro-innovation, pro-competition, and pro-consumer bill, argues the Blockchain Association's Summer Mersinger.
Why Sandisk and Western Digital crashed 10% and what it means for bitcoin -
Strong earnings from SanDisk and Western Digital were not enough to satisfy investors, raising questions about whether capital is beginning to rotate from AI winners into crypto.
JPYC raises $38 million Series B led by major Japanese logistics firm AZ-COM Maruwa -
The investment brings the company’s total raised to $106 million across seven funding rounds since November 2021.
Bitcoin, ether benefit as traders seek safety of largest tokens -
The two largest cryptocurrencies are the only CoinDesk 20 members in positive territory as altcoins fall out of favor.
NFT startup founder charged with misusing funds from $10 million fundraising -
Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses.
Live updates: BTC holding just above $64,000 ahead of Friday's key jobs data -
Trump’s comments on jobs, inflation and a possible Strait of Hormuz deal have helped risk sentiment, but bitcoin’s next move depends on whether lower oil actually pulls Treasury yields and the dollar down.
Bitcoin developers flag 85 critical bugs in an "extremely bad" situation -
A volunteer group running AI models against bitcoin codebases says it is averaging roughly one critical bug per hour per person, at about $10,000 a day in compute.
S&P 500 added all of crypto's $2 trillion market cap in a month while bitcoin barely moved. Here's why -
The S&P 500 just added roughly the entire crypto market's value this month. Bitcoin has barely moved, and the reasons go beyond the obvious.
bitcoin.com
Coinbase Brings Nearly 4,000 US Stocks to UK Users in One App -
Coinbase has begun offering nearly 4,000 U.S. stocks to eligible U.K. users, combining equities and crypto in a single app. The service includes fractional shares, zero commissions and funding through pounds or USDC. Coinbase Opens 24/5 US Stock Trading to Eligible UK Users Coinbase is expanding beyond digital assets in the United Kingdom, rolling out […]
TOKEN2049 Singapore Returns as the Largest Industry Gathering of the Year -
Singapore, Singapore, August 6th, 2026, Chainwire. 25,000 attendees, 500 exhibitors, 300 speakers and 1,000 side events will bring the global crypto industry to Singapore this October. TOKEN2049, the world’s largest crypto event, returns to Marina Bay Sands in Singapore on 7–8 October, bringing together 25,000 attendees from over 7,000 companies across 160 countries. The first […]
Bitcoin Nears Chain Split as BIP-110 Rebels Defy Global Hashpower -
Bitcoin is closing in on a possible chain split after block 961,632 as BIP-110 backers prepare to enforce rules that barely register across the network’s computing power. BIP-110 Faces Its Moment of Truth At block 961,289 on Thursday morning, Bitcoin sat roughly 343 blocks from BIP-110’s mandatory signaling phase. The bip110.org/monitor dashboard showed just 41 […]
Canadian Users Account for 25% of Coldcard Exploit Losses -
Canadian Bitcoin holders account for 25% of all attributable losses in the Coldcard wallet exploit. Total stolen assets reach $116 million while Galaxy Research traced the attack to a March 2021 firmware update. Geographic Distribution of Losses Canadian bitcoin holders have emerged as the single largest demographic affected by the ongoing Coldcard hardware wallet exploit, […]
World Chain Deploys EIP-7928 Ahead of Ethereum Mainnet -
World Chain is launching full block access lists on its mainnet, making it the “first” production layer-2 network to stream EIP-7928 data every 200 milliseconds inside flashblocks. Tackling the Decentralization Dilemma World Chain says it will introduce full block access lists on Aug. 17, becoming the “first” production layer‑2 (L2) network to stream EIP‑7928 access‑list […]
Reason
Socialist Moment -
Plus: right-wing burrito wars, a star scholar resigns, Fauci's pandemic phone, and more...
Supreme Court Term to Start Hot -
OT 2026 leads off with climate litigation.
#TheyLied Defamation Suit Over Sexual Assault Claims Involving High School Special Ed Students Can Proceed -
From O.A. v. Devita, decided June 25 by L.A. Superior Court Judge Dean Kitchens, but just recently posted to Westlaw:…
The post #TheyLied Defamation Suit Over Sexual Assault Claims Involving High School Special Ed Students Can Proceed appeared first on Reason.com.
No Religious Exemption from Forum Selection Clause in Employment Agreement -
"Plaintiff should be treated like any other employee in his position, not that he should be favored based on his identity."
Is Environmental Science Less Objective? -
An analysis of the use of subjective language in scientific papers.
First Circuit Strikes Down Puerto Rico Ban on Certain Knowingly False Statements During Declared Emergencies -
Rodríguez-Cotto v. González-Colón, decided Tuesday by First Circuit Judges Gustavo Gelpí and Seth Aframe and Seventh Circuit Judge David Hamilton,…
The post First Circuit Strikes Down Puerto Rico Ban on Certain Knowingly False Statements During Declared Emergencies appeared first on Reason.com.
Why James Madison Wanted Greater Limits on States' Rights -
The “father of the Constitution” worried about federal and state overreach.
Today in Supreme Court History: August 6, 1792 -
8/6/1792: Justice Thomas Johnson takes judicial oath.
The post Today in Supreme Court History: August 6, 1792 appeared first on Reason.com.
Brickbat: Cash Back -
New York Assemblywoman Nikki Lucas (D–Brooklyn) has proposed a bill that would require supermarkets and other retailers to give customers who…
The post Brickbat: Cash Back appeared first on Reason.com.
Open Thread -
What’s on your mind?
Cato Institute
Tenth Amendment Center
President or King? It’s not the TITLE. It’s the POWER. -
For the founders, an elective monarchy was just as bad as an hereditary one - because the core issue was the power of discretion. On this episode, it’s 6 of the most dangerous powers of a king as the founders understood them. And you just might recognize every single one of them today.
The post President or King? It’s not the TITLE. It’s the POWER. appeared first on Tenth Amendment Center.
The Buck Stops Nowhere -
Having burned through billions of dollars and depleted critical munitions stockpiles, the Pentagon is running out of money. Our money. According to the Washington Post, the Pentagon is facing an urgent budget shortfall caused largely by the Iran war, with some critical funding accounts expected to run dry within weeks. Training, maintenance and other military priorities are reportedly being […]...
Constitution Enforcement: 6 Ignored Steps That Actually Work -
The founders knew exactly what it takes to deal with unconstitutional power. How that gets done? It’s built on their experience and tactics against the British empire. On this Episode - it’s 6 steps that actually work as the real enforcement mechanism for the constitution. They come right from the American Revolution, backed by the ultimate check - the duty of self preservation
The post Constit...
Electronic Frontier Foundation
Tomorrow’s U.S. Senate Vote: Four Internet Bills, One Wrong Direction -
The Senate Commerce Committee will vote this week on several censorious and privacy invasive bills: KOSA, the SCREEN Act, Youth AI Privacy Act, and CHATBOT Act. While we appreciate that the Committee is taking the time to look at these bills separately, it’s still impossible to ignore the message Congress is sending to the world: Age-gate the internet and block young people from speaking and ac...
Appeals Court Agrees with EFF that Building a Web Browser Doesn’t Violate the CFAA -
The Ninth Circuit Court of Appeals has endorsed a commonsense technical interpretation of the Computer Fraud and Abuse Act (CFAA), a law not usually given to such interpretation. Amazon had sued Perplexity AI to try to shut down its Comet browser, claiming the browser’s optional agentic AI “Assistant” that can browse websites like Amazon for comparison shopping purposes, violated the CFAA becau...
Mobile Ad Software Encourages Location Data Sharing, EFF Report Finds -
Developers Must Beware of Ad Libraries that Betray Users’ PrivacySAN FRANCISCO – Some software development kits (SDKs) provided by advertising companies to help developers monetize their apps are automatically feeding users’ location data into systems that location data brokers use to track people, an Electronic Frontier Foundation (EFF) report found.
EFF began investigating the location-shari...
The Institute For Justice - Press Releases
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
Federal Court Rules Key National Firearms Act Restrictions Are Unconstitutional in GOA Lawsuit -
Federal Court Rules Key National Firearms Act Restrictions Are Unconstitutional in GOA Lawsuit FOR IMMEDIATE RELEASE August 5, 2026 SAN ANGELO, TX — Gun Owners of America (GOA) and fellow plaintiffs scored a major win today. The U.S. District Court for the Northern District of Texas ruled that key National Firearms Act of 1934 (NFA) restrictions are unconstitutional for untaxed firearms and ...
WY: GOA Endorses 30+ Pro-Gun Candidates Across Wyoming -
See GOA’s list of pro-2A candidates before the upcoming August 18 primary Gun Owners of America is proud to endorse the following candidates in Wyoming’s Republican primary on Tuesday, August 18, 2026: **Click on any image above to download full size graphic for sharing** To find your legislative district, click the button below; cross-reference your district with the list above … Read more
Gun Owners of America Sues U.S. Virgin Islands Over Unconstitutional Ban on Nonresident Right to Bear Arms -
Gun Owners of America Sues U.S. Virgin Islands Over Unconstitutional Ban on Nonresident Right to Bear Arms FOR IMMEDIATE RELEASE July 20, 2026 CHARLOTTE AMALIE, USVI — Gun Owners of America (GOA) and Gun Owners Foundation (GOF) have filed a federal lawsuit challenging the U.S. Virgin Islands’ prohibition on nonresidents exercising their Second Amendment rights. The lawsuit argues the USVI ...
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