Kitco News
Standard Chartered highlights healthy official sector demand as Q2 rebound outweighs revised Q1 weakness -
(Kitco News) - Central bank gold demand remains a key pillar of support for the market as prices continue to hold critical support at $4,000 an ounce, and although official-sector demand has become more of a two-way trade as nations deal with inflation and a global energy crisis, one analyst said this scenario supports healthy long-term demand.
Gold prices remain stuck near $4,000 as ISM Manufacturing PMI hit four-year high -
(Kitco News) - The gold market has been unable to break its gravity with the $4,000 level, and according to some analysts, better-than-expected manufacturing data could put more pressure on the yellow metal as it gives the Federal Reserve room to focus on the persistent inflation threat.
Fed hawkish hold, Nonfarm payrolls risks keep metals range-bound - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are firmer in early U.S. trading Monday, as lower crude oil prices eased the inflation impulse from the Gulf conflict while a softer U.S. dollar added modest support.
Gold is stuck but miners are generating bags of cash -
(Kitco News) - Gold's months-long correction appears to be nearing its end, but prices continue to consolidate near critical support around $4,000 an ounce. The market remains caught between gold's traditional role as a safe-haven asset and the pressure of rising real yields.
Wall Street trisected on gold’s near-term prospects, Main Street bulls in minority as market looks to July payrolls for direction -
The latest Kitco News Weekly Gold Survey showed Wall Street evenly divided between bulls, bears, and the fence, while Main Street sentiment slid out of bullish territory after another failed breakout.
Gold, silver retreat as dollar, yields blunt post-PCE support - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are lower in late-afternoon U.S. trading Friday, as a firmer U.S. dollar, elevated Treasury yields and rising oil prices outweighed support from Thursday’s softer PCE inflation data. At the time of writing, spot gold was trading near $4,050.70 an ounce, down 1.27%, while spot silver was trading near $57.75, down 1.93% on the session.
Gold has value at $4,000 as investors look beyond Fed hawkishness -
(Kitco News) - Although gold prices remain stuck below $4,100 an ounce, analysts are starting to see a shift in sentiment in the marketplace, and support at $4,000 is increasingly being recognized as an attractive value point, even as the Federal Reserve maintains a tightening bias.
Tether increases gold reserves by 14 tonnes in Q2 as profits increase by 1.5 billion -
(Kitco News) - The digital asset industry continues to establish itself as an important pillar of the global gold market, with the latest data showing Tether increasing its gold holdings at a pace that rivals global central banks.
Spot gold near session lows below $4,030/oz after final Consumer Sentiment rises to 55.2, one-year inflation expectations ease -
(Kitco News) - The gold market is trading near session lows after the latest data showed consumer sentiment in the U.S. improving, with shorter-term inflation expectations easing.
Gold, silver retreat as dollar strength caps post-Fed rebound - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are lower ahead of the North American market open Friday, as a firmer U.S. dollar, elevated Treasury yields and renewed oil strength pressured precious metals after Thursday’s post-PCE rebound. At the time of writing, spot gold was trading near $4,057.10 an ounce, down 1.11%, while spot silver was trading near $57.77, down 1.90% on the session...
Zero Hedge
After Blockbuster IPO, China's Memory Giant CXMT Plans Second Chip Plant In Beijing -
After Blockbuster IPO, China's Memory Giant CXMT Plans Second Chip Plant In Beijing
CXMT, China's largest chipmaker by output and certainly by market value thanks to its blowout IPO pricing one week ago, which saw its stock surge more than 7x from its offering price of 8.66 yuan per share, is considering building a second memory-chip plant in Beijing and is in financing talks with...
Kalshi & Polymarket's Combined Volume Reaches All-Time High In July, Topping $50 Billion -
Kalshi & Polymarket's Combined Volume Reaches All-Time High In July, Topping $50 Billion
Authored by Danny Park via TheBlock.co,
Kalshi and Polymarket saw their combined trading volume soar to a new all-time high in July as prediction markets continued to gain steam around the World Cup.
According to The Block's data dashboard, Kalshi, Polymarket, and Polymarket US posted $50.5...
Is The Momentum Crash Over? -
Is The Momentum Crash Over?
Authored by Lance Roberts via RealInvestmentAdvice.com,
What a week that was...
Despite a hopeful bounce to end the month, it was a bloodbath for most assets. It was the Nasdaq’s worst July in 22 years, bonds’ biggest July yield spike since 2005, and oil’s biggest July jump in over 30 years.
Leaving investors with one big trillion-dollar question: i...
Washington State Wildfires Trigger Mass Evacuations, Emergency Declaration -
Washington State Wildfires Trigger Mass Evacuations, Emergency Declaration
Thousands of people in Spokane County, Washington, have been evacuated as parts of the city of Spokane are under a “Leave Immediately” emergency as three wildland fires forced evacuations.
Spokane County Emergency Management describes the emergency as “Level 3: Go, Leave Now, Leave Immediately!”
Officia...
Texas Approves AI Data Center Co-Location Next To Wind Farm, With Curtailment Caveats -
Texas Approves AI Data Center Co-Location Next To Wind Farm, With Curtailment Caveats
By Marlene Wilden of UtilityDive
The Public Utility Commission of Texas last week approved a net metering arrangement for a 260-MW AI data center co-located with a wind farm of approximately the same capacity in a case that could serve as a template for other co-located loads in the Lone Star Sta...
Trump Blasts Oil Majors: "Get Gas Prices Down Now!" -
Trump Blasts Oil Majors: "Get Gas Prices Down Now!"
President Trump blasted oil companies on Monday morning for high gasoline pump prices, telling them:
That goes for other Oil Companies as well…and get your consumer (retail!) Oil Prices DOWN, NOW! Thank you for your attention to this matter. President DJT
As of Monday morning, the national average for 87-octane gasoline at ...
Trump Unloads On 'Duplicitous' Iran, Claims Secret Talks Despite Tehran's Public Rejection -
Trump Unloads On 'Duplicitous' Iran, Claims Secret Talks Despite Tehran's Public Rejection
Summary
Trump claims Iran wants talks; Tehran again denies any US negotiations.
Trump says Gulf allies halted planned US strikes in favor of diplomacy.
Iran says Hormuz talks with Oman are progressing, but US actions remain the obstacle.
Oil prices still falling on optimism over Hormuz ne...
China's AI Knife Fight: DeepSeek's New Model Runs 100x Cheaper Than Anthropic's Flagship -
China's AI Knife Fight: DeepSeek's New Model Runs 100x Cheaper Than Anthropic's Flagship
The price of artificial intelligence just printed a new low. DeepSeek's V4-Flash, officially released Friday, costs roughly three cents to run through a standard battery of benchmark tests, according to San Francisco research firm Artificial Analysis. Moonshot AI's Kimi K3 costs 86 cents; OpenA...
Groundhog Day -
Groundhog Day
By Benjamin Picton, senior market strategist at Rabobank
It’s Monday morning again and it feels like Groundhog Day as I sit down to write that the US President has (again) halted strikes on Iran and teased that a diplomatic breakthrough is close. Brent crude prices have dutifully fallen in early trade, risk currencies are rallying and equity markets are poised to ext...
"Really Only One Thing Worries Us A Lot": Here's What Keeps Goldman's Commodities Guru Up At Night -
"Really Only One Thing Worries Us A Lot": Here's What Keeps Goldman's Commodities Guru Up At Night
Samantha Dart, co-head of global commodities research at Goldman, joined Bloomberg TV on Monday morning and warned that diesel sits at the epicenter of a worsening global fuel supply squeeze, as Ukrainian drone and missile strikes disrupt Russian refining and the US-Iran war disrupts ...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
Join GATA in October at the New Orleans Investment Conference -
The conference will be held Wednesday through Saturday, October 28-31, 2026
* * *
Brien Lundin: Sign-ups and Sell-Outs for the New Orleans Conference
By Brien LundinGold Newsletter / Golden OpportunitiesMetairie, LouisianaMonday, August 3, 2026
Over the past few weeks I've been chronicling the many signs of a bottom forming in gold and silver.
I've noted gold's occasional jumps higher, even in ...
South Korea's central bank to buy gold from domestic producers -
By Heejin KimReutersMonday, August 3, 2026
https://www.reuters.com/world/asia-pacific/south-koreas-central-bank-buy-gold-domestic-producers-2026-08-03/
SEOUL -- South Korea's central bank will buy gold from local producers to diversify its sources of supply and increase its holdings of the precious metal, it said today.
The Bank of Korea said it has established a framework for domestic gol...
U.S. uses euros to buy yen to avoid weaker dollar, strategists say -
By Matthew BurgessBloomberg NewsSunday, August 2, 2026
The U.S. Treasury may be using euros rather than dollars to fund its yen purchases to avoid weakening its own currency and casting doubt on its strong greenback policy, according to strategists.
At least two major U.S. banks were asked by the New York Federal Reserve to check the rate on the yen against the euro on Friday, two people famili...
Why asteroid mining will never underwrite a gold rush -
By Lachlan BrownSpace Daily, SingaporeSunday, August 2, 2026
Every few years asteroid mining returns to the headlines as a trillion-dollar gold rush waiting to happen, usually attached to a single staggering number about how much some metal-rich rock is theoretically worth. It is a genuinely exciting idea. It is also one where the economics tend to run in the opposite direction to the pitch.
I ...
Japan will announce joint action on yen with U.S. on Monday -
... once the stuffing has been knocked out of the blindsided.
* * *
By Tamiyuki Kihara, Makiko Yamazaki, and Leika KiharaReutersSunday, August 2, 2026
TOKYO -- Japanese Finance Minister Satsuki Katayama will announce on Monday that Tokyo and Washington took joint action in the currency market to arrest the yen's slide to 40-year lows, two Japanese government officials told Reuters.
Katayama is...
Wolf Street
CoinDesk
Trump-linked American Bitcoin president Matt Prusak departs for Giga Energy -
The executive is leaving the Eric Trump-backed miner to join an AI power infrastructure firm, highlighting the shift toward energy and data center buildout.
U.S.-Japan intervention revives yen carry trade fears for bitcoin -
Coordinated action sent the yen sharply higher, but bitcoin’s recent correlation suggests U.S. dollar strength, rather than the carry trade, may be the bigger risk.
Circle slides after Morgan Stanley downgrade, cut in price target -
The bank said tokenized money market funds, Open USD and slower USDC growth could weigh on the stablecoin issuer's earnings.
Bernstein sees another leg lower for crypto markets if Clarity Act stalls -
The broker said failure to pass the Clarity Act this year would likely send crypto lower, but expects U.S. regulators to accelerate rulemaking.
BlackRock expands tokenized cash with new blockchain-based money market offerings -
Both funds intend to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act.
Tom Lee's Bitmine bought more ether, added to stock buyback last week -
Chairman Tom Lee said ether's outperformance versus the Nasdaq in July signals strengthening crypto fundamentals.
Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC -
The company trimmed bitcoin holdings by 1,638 coins, while raising $290.6 million with sales of common stock.
Bitget set to exit Japan, close all remaining positions by year-end -
The crypto trading platform, ranked fifth on CoinGecko, stopped accepting new registrations on Sunday and plans to shut down all remaining positions by Dec. 31.
Solo Bitcoin miner nets $200,000 as Coldcard hardware wallet drains rocks sentiment -
Your day-ahead look for Aug. 3, 2026
Bitcoin, ether decline as Coldcard exploit enters a fifth day -
Nevertheless, the drop in crypto prices seems restrained given the magnitude of losses in the wallet hack and the erosion of confidence in cold storage.
bitcoin.com
Ether ETFs Extend Weekly Run With $27M Inflow as Bitcoin Loses $61.5M -
Ether ETFs attracted $27.42 million in the week ended July 31, securing a fourth consecutive week of inflows. Bitcoin funds lost $61.53 million, while XRP and solana gained ground and HYPE recorded another week of redemptions. A $233 Million Rally Fades by Friday The week began with a trickle, surged into a flood and […]
Bitget Quits Japan, Forces Traders to Exit by Year’s End -
Cryptocurrency exchange Bitget announced this week that it will stop serving customers in Japan, setting a Dec. 31, 2026, deadline after which any open trading positions will be closed automatically. The company disclosed the phased shutdown in official notices posted Aug. 2, 2026. As of Aug. 3, Japanese residents can no longer open new accounts […]
TRON DAO Joins Blockchain Application Stanford Summit at the Science of Blockchain Conference as a Sponsor -
Geneva, Switzerland, August 3, 2026 — TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), served as a Premier Support Sponsor of the Blockchain Application Stanford Summit (BASS), held July 30 at Stanford University as part of the Science of Blockchain Conference (SBC) 2026. […]
Bitmine Amasses 5.8M ETH, Closes In on 5% Supply Grab -
Bitmine Immersion Technologies disclosed Monday that its cryptocurrency treasury has grown to $11.3 billion after increasing its ethereum holdings to nearly 5.8 million ETH, bringing the company within striking distance of owning 5% of the cryptocurrency’s total supply. Accelerate an Aggressive Ethereum Strategy On Monday, the company said its holdings totaled 5,797,813 ETH as of […]
2013 Bitcoin Whale Wakes, Moving 500 BTC as Coldcard Fear Deepens -
Amid the Coldcard chaos that has rattled bitcoin holders for days, a wallet dating back to Dec. 2013 suddenly shifted 500 BTC at block height 960867. The eye-catching transfer lands as a growing string of long-dormant wallets has sprung back to life, adding fresh intrigue since the Coldcard breach first surfaced on July 30. Two […]
Reason
Todd Blanche's Concessions Underline the Flagrant Phoniness of Trump's IRS 'Settlement' -
The acting attorney general confirms his dishonesty in presenting that jaw-dropping scam as the resolution of a bona fide legal dispute.
Gordon-Darby Renews Attempt to Commandeer New Hampshire Through the Clean Air Act -
A renewed suit seeking to leverage the Clean Air Act in pursuit of lucrative government contracts.
Journal of Free Speech Law: "Jawboning as Collaborative Governance," by Daniel Browning -
The article is here; the Abstract: When the government regulates conduct, it does not always do so directly. Increasingly, the…
The post Journal of Free Speech Law: "Jawboning as Collaborative Governance," by Daniel Browning appeared first on Reason.com.
Amicus Brief in Suncor Energy v. County Commissioners of Boulder County -
In the upcoming climate change case the Supreme Court should reject the industry and Trump Administration arguments for preemption-by-penumbra.
Schools Owe No Legal Duty "to Former Students to Investigate Allegations of Past Abuse," -
court holds in Speedway Bomber Brett Kimberlin's lawsuit.
Trump Backs Down From Yet Another Empty Threat to Iran -
We’re locked in a cycle: The president threatens to resume the war, he claims Iran backed down, and then he gets frustrated with Iran again.
Police Mix Up Usernames, Man Spends 18 Months in Prison for Someone Else's Sex Crimes -
"He should never have been charged, let alone convicted," judges now say.
What Iranian Dissidents Can Learn About Regime Change From the Mistakes of 1979 -
A regretful rebel talks about what he learned from his participation in Iran’s Islamic revolution.
Did Elon Musk Sentence Millions to Death by Dismantling USAID? -
The study cited by Rep. Ro Khanna as the basis for that claim is statistical nonsense.
Trump Said Tariffs on Aluminum Would Boost Domestic Production. The White House Now Admits That Didn't Happen. -
It's been more than eight years since Trump's first aluminum tariffs were imposed. How long do we have to wait before calling this a failure?
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
EFF at BSidesLV, Black Hat, and DEF CON 👨💻 -
It's time. Time for tinkerers, security researchers, hackers, and fellow nerds to gather together in signature black hoodies and utilikilts to beat the heat in Las Vegas for the summer security conferences: BSidesLV, Black Hat USA, and DEF CON.
EFF's lawyers, activists, and technologists are excited, as always, to support this community of folks that push computer security forward. If you're at...
Amending AB 1709 Doesn’t Fix It: California’s Social Media Ban Still Threatens Free Speech and Privacy -
California lawmakers have amended A.B. 1709, but the core problem remains: the bill is still a ban on social media access for youth under 16, and it still threatens the privacy and First Amendment rights of all Californians.
Proponents of the bill may argue that the recent amendments represent a compromise, but a close look at the text shows no major changes. As the bill moves forward in the Se...
The SCREEN Act Threatens Privacy Far Beyond Adult Websites -
The Senate Commerce Committee is set to consider S. 737, the SCREEN Act, a sweeping age-verification bill that would require online services to verify users’ ages before they can access any sexually explicit content. If this bill passes, it will force millions of adult internet users to give up their anonymity, privacy, and security before they access lawful speech.
Unlike many state-age veri...
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
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 ...
WY: Which Candidates Will Defend Your Gun Rights? -
The Wyoming Primary Election is quickly approaching, and your vote will help determine who will defend your Second Amendment rights in the years ahead. Gun Owners of America has completed our candidate evaluations and issued letter grades for a number of candidates across Wyoming based on their records, voting histories, responses to GOA’s candidate survey, and demonstrated commitment to protec...
Banking Dive
OCC, FDIC propose another CRA revamp -
The regulators – absent the Federal Reserve – would limit grants banks give to “activist” community groups. Friday’s proposal would also reduce the number of banks that must collect CRA-related data.
UBS to pay $125M in AML penalties -
The brokerage arm of the Swiss bank didn’t fix flaws identified in 2018, resulting in some 60,000 foreign currency wires valued at about $10 billion going unmonitored, regulators said.
Frost CEO warns of ‘race to the bottom’ on Texas loan structure -
While $54 billion-asset Frost Bank seeks to remain competitive on price, the structure element of loans can be tough, because it’s “dangerous to do that poorly,” CEO Phil Green said.
When AI overwhelms the human in the loop -
Regulators want finance pros to review AI outputs, but it’s demanding all their attention.
Chime to cut 10% of workforce -
CEO Chris Britt cited AI innovations but also a switch to smaller teams, faster movement, higher productivity and in-office work.
American Banker
Bank of International Settlements
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.
John C Williams: Stability of Thy Times -
Remarks by Mr John C Williams, President and Chief Executive Officer of the Federal Reserve Bank of New York, at the Partnership for New York City, New York City, 15 July 2026.
Federal Reserve - Press Releases
FDIC - Press Releases