Kitco News
Gold, silver prices tumble as hot PPI lifts Fed-hike risk - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply lower in early U.S. trading Thursday, after hotter U.S. wholesale inflation, steady jobless claims and a 25-basis-point ECB rate hike reinforced the global higher-for-longer rate trade. At the time of writing, spot gold was trading near $4,362.30 an ounce, down 0.87%, while spot silver was trading at $64.920, down 3.34% on the sess...
Gold falls to session lows as weekly jobless claims holds steady at 206k -
(Kitco News) - The gold market is seeing renewed selling pressure, with prices trading at session lows after data showed a relatively stable labor market, as the number of American workers applying for first-time unemployment benefits held steady for another week.
Spot gold price slides to $4,340/oz after August PPI rises 0.4%, core PPI rises 0.2% -
(Kitco News) - The gold market is selling off after the latest data showed U.S. producers saw rising price pressures on balance last month.The headline Producer Price Index (PPI) posted a 0.4% increase in August, following July’s upwardly revised 0.1% reading, the U.S. Labor Department announced on Thursday. The latest headline data was in line with expectations, as economists looked for a 0.4%...
Gold price down but weathering ECB's 25 basis point rate hike -
(Kitco News) - The gold market appears to be largely shrugging off the European Central Bank’s decision to raise interest rates, as selling pressure remains limited against the euro.
Ron Paul says the people should own the gold, not the government -
(Kitco News) - The Treasury tripled its bond buybacks and yields rose anyway. The man who wrote End the Fed says he still wouldn't trust the accounting at Fort Knox
Gold, silver rise as dollar weakness offsets oil-driven rate risk - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are higher in late-afternoon U.S. trading Wednesday, as a weaker U.S. dollar and safe-haven demand tied to the U.S.-Iran conflict outweighed higher Treasury yields and another surge in crude oil.
Marginal improvement in CPI may not be enough to stave off September rate hike - Natixis’ Christopher Hodge -
(Kitco News) – Friday’s CPI report will likely show that underlying inflation continues to move in the right direction – but even if it does, if the Fed is disappointed with the speed of progress, the committee could still hike rates at the September meeting, according to Christopher Hodge, Head Economist for the U.S. at Natixis.
Investors pour $18 billion into gold ETFs in August as sovereign debt concerns grow - WGC report -
(Kitco News) - Despite renewed threats of an imminent rate hike in September, gold’s price action during August shows just how much potential the precious metal has as a hedge against the unsustainable rise in global sovereign debt.
Platinum could outperform gold price as debasement trade regains momentum – WPIC -
(Kitco News) - Inflation fears are driving expectations that the Federal Reserve will have to raise interest rates as early as next week, and they have taken their toll on the precious metals market, including platinum.
Gold is more than ‘a tactical expression of the next Fed decision’ and pullbacks are opportunities to ‘build strategic exposure’ – UBS -
(Kitco News) – Mounting fiscal concerns, elevated inflation and geopolitical uncertainty, and robust sovereign demand make a significant gold allocation a must-have in investor portfolios, according to commodity and currency analysts at UBS.
Zero Hedge
Wall Street Responds To Apple's Foldable iPhone As Margin Risks Cloud Launch -
Wall Street Responds To Apple's Foldable iPhone As Margin Risks Cloud Launch
Apple revealed its new foldable iPhone on Wednesday afternoon, and Wall Street analysts were largely positive about the specs and demand outlook. However, enthusiasm for the device diminished by mounting concerns that restrained price hikes across the iPhone lineup could pressure hardware margins.
Apple s...
"Bulletproofing The Hemisphere": Rubio Kicks Off South America Tour As Continent Lurches Right -
"Bulletproofing The Hemisphere": Rubio Kicks Off South America Tour As Continent Lurches Right
Secretary of State Marco Rubio kicked off his three-nation tour of Latin America on Tuesday, first meeting with Colombian President Abelardo de la Espriella. He will visit Ecuador and Peru later this week, supporting the Trump administration's increasing engagement with a growing bloc of ...
Watch: Prosecutor Claims It's 'Wrong, But Not Illegal' To Jerk-Off In Front Of Kids -
Watch: Prosecutor Claims It's 'Wrong, But Not Illegal' To Jerk-Off In Front Of Kids
Authored by Steve Watson via Modernity News,
A Soros-backed Florida prosecutor told the public that a man pleasuring himself on a park bench in front of children was "wrong," then insisted it is not a crime.
Ninth Judicial Circuit State Attorney Monique Worrell used a press conference to defend...
Rate-Hike Odds Spike As Fuel Costs Push US Producer Prices Higher -
Rate-Hike Odds Spike As Fuel Costs Push US Producer Prices Higher
In a relatively unusual turn around, US producer prices hit today ahead of tomorrow's CPI. Interestingly Consumer prices get all the headlines, it is PPI that offers the most read-throughs for Core PCE - The (old) Fed's favorite inflation gauge).
Headline producer pries were expected to rebound significantly from Ju...
Futures Slide As Yields, Oil Spike Ahead Of PPI -
Futures Slide As Yields, Oil Spike Ahead Of PPI
US stock futures slumped for a 3rd consecutive day, unable to find traction, and trading at session lows with tech underperforming as Treasury yields pushed higher keeping risk appetite firmly in check ahead of the latest print on US factory prices and earnings from Oracle. As of 8:15am ET, S&P futures are down 0.2%, with Nasdaq future...
EUR Drops As ECB Hikes Rates (As Expected); Raises Inflation Outlook, Sees Downside Growth Risks -
EUR Drops As ECB Hikes Rates (As Expected); Raises Inflation Outlook, Sees Downside Growth Risks
The European Central Bank increased interest rates for the second time since the Iran war broke out in February, responding to signs inflation is set to stay well above 2%.
The deposit rate was lifted by a quarter-point to 2.5% on Thursday, as predicted by almost all economists in a Bl...
Trump Floats $5,000 "Stimmy" Checks For Every US Adult Citizen If GOP Holds Congress -
Trump Floats $5,000 "Stimmy" Checks For Every US Adult Citizen If GOP Holds Congress
During a speech Wednesday night at the GOP's midterm convention in Dallas, Texas, President Trump proposed sending every adult American citizen a $5,000 "Trump dividend" if Republicans retain control of both chambers of Congress in November.
"If the Republicans win the House of Representatives and...
Hike Or Hold? Debating The Coming Fed Decision -
Hike Or Hold? Debating The Coming Fed Decision
Authored by Michael Lebowitz via Real Investment Advice,
Heading into the September 16 FOMC meeting, the debate over whether the Fed should raise rates or hold is heated. To help you appreciate the range of views, we present this article as a courtroom exercise. We will let the prosecution make its case for a rate hike, and the defens...
Brent Tops $102 As Mideast Conflict Intensifies, HSBC Hikes Oil Forecast -
Brent Tops $102 As Mideast Conflict Intensifies, HSBC Hikes Oil Forecast
Brent crude futures traded above $102 a barrel Thursday morning after Iran threatened to intensify attacks, renewing concerns over tanker flows through the Hormuz maritime chokepoint. The supply risk extends well beyond crude to mounting shortages of refined products, particularly diesel, as the US diesel cra...
HSBC Sees "Upside Risks" From "Super Squeeze" In Commodities -
HSBC Sees "Upside Risks" From "Super Squeeze" In Commodities
London copper futures are trading north of $14,700 a ton, Brent crude futures have climbed above $101 a barrel, US diesel crack spreads are back in triple-digit territory, and the Bloomberg Commodity Index is at a 14-year high. The energy shock has broadened into a rally across the commodity complex, from energy to agricu...
MarketWatch - Top Stories
CNBC Top News
U.S. crude oil tops $100 again – last seen in May – as market braces for prolonged Iran war -
Oil prices remain elevated amid worries that escalating tensions in the Middle East could further exacerbate supply disruptions
Wholesale prices rose 0.4% in August, as expected -
The producer price index was expected to rise 0.4% in August, according to the Dow Jones consensus forecast.
10-year Treasury yield tops 4.9%, highest since 2023, as oil surge raises inflation fears -
Treasury yields moved higher on Thursday as U.S. oil prices hit $100 per barrel.
Trump's $1 trillion-plus 'dividend' plan meets immediate bipartisan pushback -
Such a payout could cost more than $1 trillion and is likely to face legal obstacles.
Here are Thursday's biggest analyst calls: Nvidia, SpaceX, Tesla, Ferrari, Meta, Apple, AMD, Yum & more -
Here are the biggest calls on Wall Street on Thursday.
CNBC Economy
GATA
BIS gold swaps rose in August along with double counting and seizure concerns -
7:55p ET Wednesday, September 9, 2026
Dear Friend of GATA and Gold:
GATA's consultant about the Bank for International Settlements, Robert Lambourne, reports today that the bank's gold swaps are not going away -- that the bank's August statement of account, published this week --
https://www.bis.org/publications/statement-account-31-august-2026.pdf
-- indicates that its gold swaps increased by ...
Treasury secretary boasts about rigging Japanese yen market -
They wouldn't be rigging any other markets, would they?
* * *
'I Am the House Now': Bessent Warns Currency Traders Not to Bet Against Yen
By Emily Herbert, Ian Smith, and Ramsay HodgsonFinancial Times, LondonWednesday, September 9, 2026
U.S. Treasury secretary Scott Bessent has warned traders not to bet against the yen, saying "I am the house now" following his recent intervention to support th...
Spain faces dilemma of what to do with its gold at the U.S. Fed -
By Belen CarrenoEl Pais, MadridTuesday, September 8, 2026
As the world order finds its new balance, some of the pieces in motion are made of solid gold.
Major European central banks have begun repatriating their gold reserves held at the Federal Reserve Bank of New York. The Netherlands made this public last week, but France and Germany had already taken recent steps in this direction, while I...
China's central bank adds most gold since 2023 even as prices jump -
By Jessica Zhou and Jack RyanBloomberg NewsMonday, September 7, 2026
China added the most gold to its reserves since 2023, accelerating purchases in August even as bullion prices surged.
Holdings at the People's Bank of China, one of the biggest official-sector buyers, rose by 650,000 ounces, according to data released by the central bank on Monday. That extends the PBOC's buying streak to 22 m...
Can China lure European central bank gold reserves from U.S.? -
By Emma MaSouth China Morning Post, Hong KongMonday, September 7, 2026
https://www.scmp.com/economy/global-economy/article/3366640/golden-opportunity-can-china-lure-european-central-bank-gold-reserves-us
Amid persistent geopolitical strains and growing concerns over the weaponisation of the US dollar, European central banks have continued shifting gold reserves away from US vaults -- with the l...
Wolf Street
Legal Tender News
Legal Tender -
Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. Legal ...
The $1 Trump coins are here. Why spending them is legal but tricky -
The U.S. Mint began selling $1 Trump coins Wednesday. Why it matters: The Trump coin sits in a rare middle ground: The Mint is promoting it as a collectible, but under federal law, it has a face value ...
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 ...
These Countries May Be Next To Accept Bitcoin as Legal Tender -
One of the main knocks against cryptocurrency has always been that it will never gain universal adoption, meaning its usefulness will always be limited. This perhaps changed forever on September 7, ...
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, ...
CoinDesk
Crypto researchers cut Bitcoin and Ethereum quantum attack estimate by 50% -
A paper shared with CoinDesk shows humans and AI agents beating Google’s March result on a core calculation used by Shor’s algorithm, adding another variable to crypto’s quantum clock.
BIS chief warns AI capex arms race relies on opaque debt, posing systemic risks -
Pablo Hernandez cited historical railway and dot-com bubbles to caution that spending driven by hype over actual profits risks broad economic corrections.
Treasury yields continue to rise even as Bessent doubles down on bond buybacks -
Long-term yields moved higher despite a $6 billion Treasury buyback, as debt concerns and rising oil prices continue to pressure global bond markets.
Crypto exchange giant Bybit to offer European ‘super-app’ with stocks, derivatives -
Bybit has an electronic money institution license in Austria and is about to snag a MiFID license too, CEO Ben Zhou told Coindesk.
Nasdaq invests $100 million in Kraken parent company Payward at $21 billion valuation -
The investment expands a strategic partnership to bring tokenized, voting-enabled equities to crypto exchange users.
Bitcoin traders dial down bullish plays ahead of U.S. inflation data -
Your day-ahead look for Sept. 10, 2026
Bitcoin trades near $78,000 as memecoins, small caps lead a broad crypto retreat -
Bitcoin fell 2% over 24 hours to $78,111 as 95 of the 100 CoinDesk 100 constituents declined, with most of the damage done overnight.
Indian agri warehouse giant is putting $2 billion in grain-backed loans onchain -
Arya.ag is using Avalanche technology to tokenize grain deposits to help lenders verify crops backing agricultural loans.
Live updates: Bitcoin slumps as ECB hikes rates and U.S. core PPI eases, but remains hot -
Treasury yields and the price of oil continued to surge, with both hitting new cycle highs on Thursday.
SGX's bitcoin and ether perpetual futures are now open to U.S. institutions -
The Singapore Exchange says U.S. institutions can now trade its bitcoin and ether perpetual futures, a milestone that bridges U.S. trading desks with Asian liquidity.
bitcoin.com
MAKE Group Bridge Connects Casper Protocol to $32B RWAs -
MAKE Group launches a cross-chain bridging protocol on the Casper blockchain, connecting it with four protocols and establishing a direct compliance link to the T-REX Ledger. Tackling the Cross-Chain Compliance Challenge MAKE Group has unveiled a cross-chain bridging protocol launched on the Casper blockchain designed to move tokenized real-world assets across major networks while preserving […...
Trump’s $5,000 Dividend Plan Fails to Move Bitcoin’s Price Past $78K -
Bitcoin’s price held steady between $77,650 to $78,000 even as President Donald Trump offers $5,000 dividend checks to American adults if Republicans retain Congress in the midterm elections. Bitcoin Holds Flat Ahead of Key Inflation Data Bitcoin’s price was largely unchanged early Thursday, just hours after U.S. President Donald Trump floated the idea of $5,000 […]
XRP, Ether Draw Fresh Cash as Bitcoin ETFs Lose $120M -
U.S. bitcoin ETFs posted $120.24 million in net outflows on Wednesday, extending their losing streak to a second session. Ether, XRP and solana funds all attracted fresh capital, while HYPE ETFs remained under pressure. ARK Leads Outflows for Bitcoin ETFs The money kept moving, just not in bitcoin’s direction. U.S. spot bitcoin exchange-traded funds (ETFs) […]
Hackers Hijack Trezor, Bitbox Emails to Target Crypto Users -
Trezor, Bitbox, and Cointracking warned customers Thursday that phishing emails were sent through compromised mailing infrastructure, turning what looked like legitimate security notices into traps designed to steal information from cryptocurrency users. The incident that occurred on Sept. 9 and 10 appears to stretch beyond a single company. Bitbox said multiple bitcoin companies were targeted ...
Gen Z Is Twice as Likely to Call Sports Betting an Investment, BofA Finds -
New research by Bank of America found that across every generation, Americans were more likely to consider buying event contracts an investment than placing a sports bet, with Gen Z respondents at a standout high. The same data shows bettors recovering less than 75 cents for every dollar sent to online betting platforms – with […]
Reason
Tenth Amendment Center
Heading toward the Cliff -
The American people are complaining about affordability. The prices of groceries, automobiles, movies, clothes, gasoline, rent, mortgage payments, and just about everything else are soaring. Many Americans are having a very difficult time making ends meet.
The post Heading toward the Cliff appeared first on Tenth Amendment Center.
How to Beat an Empire: The Founders’ Ignored Blueprint -
Paul Revere rode into Philadelphia on Sept 16, 1774 with urgent business for the First Continental Congress. His task? Deliver a document from Boston - a blueprint for total resistance. If adopted, secession from the British Empire would be unavoidable. On this episode, it’s Joseph Warren’s forgotten and ignored Suffolk Resolves: The American Revolution’s step-by-step guide for defeating tyrann...
You Don’t Have “2nd Amendment Rights.” You Just Have Rights. -
Millions of people today refer to their rights by amendment number, as if they get them FROM the Bill of Rights. Like referring to their right to keep and bear arms as their “2nd Amendment Rights.” But the founders saw things far differently. The words on paper aren’t a permission slip for the people. They aren’t a “gun permit.” They are a restraining order for government: hands off our natural...
Electronic Frontier Foundation
Cops Play Hide and Seek About Using Spy Tech to Avoid Scrutiny and Bad PR -
Law enforcement agencies across the country are increasingly relying on spying technologies—automated license plate readers (ALPR), cell-site simulators, and facial recognition, to name a few--causing an outcry in many communities where people are rightly concerned about the threat to civil rights and civil liberties these tools present.Some authorities are responding to these concerns by tryin...
Digital Sovereignty: What It Is, What It Could Be -
The term “digital sovereignty” has become ubiquitous. European officials invoke it in debates about cloud infrastructure, AI, semiconductors, and platform regulation. Governments throughout the global majority use it to argue for greater control over data and communications infrastructure and boost their economies. Companies market “sovereign cloud” products designed to reassure their customers...
2026 EFF Award Winners: Access Now, 7amleh – The Arab Center for the Advancement of Social Media, DeFlock, and New Media Rights -
EFF is pleased to announce that Access Now, 7amleh – The Arab Center for the Advancement of Social Media, DeFlock, and New Media Rights have received 2026 EFF Awards for their vital work in ensuring that technology supports freedom, justice, and innovation for all people.
The EFF Awards recognize specific and substantial technical, social, economic, or cultural contributions in diverse fields ...
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
GOA LEADS INDUSTRY COALITION IN SUPREME COURT FIGHT TO DEFEND AR-15s -
FOR IMMEDIATE RELEASE September 4, 2026 GOA LEADS INDUSTRY COALITION IN SUPREME COURT FIGHT TO DEFEND AR-15s WASHINGTON, D.C. — Today, Gun Owners of America (GOA) and Gun Owners Foundation (GOF)—along with Century Arms, Canik USA, B&T USA and Fostech—filed an amicus brief urging the U.S. Supreme Court to strike down “assault weapons” bans in Viramontes v. Cook County. What that case comes d...
This Week In Gun Control -
THIS WEEK IN THE FIGHT Here’s what you may have missed this week in the fight for the Second Amendment… Biden’s “Ghost Gun” rule was struck down by the courts. GOA’s case against it is still active. Gun shops are passing ATF inspections after selling suppressors with no registration. A foreign ransomware gang hacked ATF. A federal judge struck down … Read more
PA: Legalize Suppressors -
Let’s Eliminate Suppressor and SBR/SBS Restrictions in Pennsylvania Pennsylvanians should NEVER be treated like criminals for exercising their constitutionally-protected rights. Yet under Pennsylvania’s archaic Title 18, Section 908, law-abiding citizens face state criminal charges simply for possessing suppressors (hearing protection) and short-barreled firearms—tools that are widely owned acr...
Banking Dive
Mercury gets FDIC nod -
Mercury received conditional approval for deposit insurance Tuesday, but “there’s still work between here and opening Mercury Bank’s virtual doors,” its founder said.
Bank FOMO fueling AI spending, Accenture exec says -
Most banks have yet to see widespread, sustained value from AI initiatives, because they “have not figured out how to reconfigure the work, fully, around AI yet,” said Accenture’s Mike Abbott.
Circle to buy Tazapay for $400M -
Tazapay and Circle first forged a partnership last year, and according to CEO Jeremy Allaire, they “share a deep alignment.” Circle was the lead investor in Tazapay’s Series B funding last year.
Alabama bank blasts investors’ request to join board -
Blue Hill Advisors and Merion Road Capital Management decried “inaction” from United Bancorporation of Alabama, concerning several suggestions the investors made. The bank called their requests “unreasonable.”
Virginia banks to combine in $253M deal -
A tie-up with Eagle Financial Services would nearly triple John Marshall Bancorp's branch footprint and almost double its assets.
American Banker
Bank of International Settlements
Federal Reserve - Press Releases
FDIC - Press Releases