Kitco News
ETF flows show gold price decoupled from real yields as fiscal concerns now drive investor demand – Saxo Bank’s Hansen -
(Kitco News) – Gold-backed ETF holdings continue to rise even as 10-year real yields hit 20-year highs, showing that fiscal concerns are changing the yield–gold relationship, according to Ole Hansen, Head of Commodity Strategy at Saxo Bank.
Gold’s investment case has fundamentally changed, and rising yields are no longer a dealbreaker - FTSE Russell’s De -
(Kitco News) - Rising bond yields are creating a significant headwind for gold, but investors should be careful about applying the precious metal’s traditional relationship with interest rates too rigidly, as structural changes in global demand continue to support elevated prices, according to FTSE Russell.
China’s gold imports approach 1,200 tonnes in 2026 as local premiums and strong yuan drive investment demand -
(Kitco News) – China’s gold imports hit a monthly high in August, with the standout performance helping to push the country’s gold imports to a record high over 1,100 tonnes year-to-date, China’s General Administration of Customs announced on Tuesday.Imports of gold bullion through August surpassed the total for the whole of 2025, the latest customs data showed, marking the highest rate of impo...
Gold price holds above $4,330 as Hormuz diplomacy pressures oil - Kitco AM Report -
(Kitco NewsWire) - Spot gold and silver prices are modestly lower in early U.S. trading Tuesday, as a firmer U.S. dollar and hawkish Federal Reserve commentary offset relief from another pullback in oil prices and Treasury yields.
Gold, silver ease as stocks rally, Hormuz risk premium fades - Kitco PM Report -
(Kitco News) - Spot gold and silver prices were also softer after the U.S. close on Monday, as a sharp equity rebound, weaker oil and a modest retreat in Treasury yields reduced safe-haven demand while Fed-rate expectations stayed restrictive.
Don’t give up your gold: disciplined monetary policy can’t fix fiscal risk - Axel Merk -
(Kitco News) - The Federal Reserve has embarked on a new tightening cycle; however, gold investors may have less to fear from a more disciplined central bank than they think, as improving monetary policy cannot fix Washington’s deteriorating fiscal position, according to one prominent fund manager.
AI borrowed $400 billion this year, and Mark Thornton says every paper-dollar asset is at risk -
(Kitco News) - The debt paying for the artificial intelligence buildout is being written with 30-year maturities. The equipment it buys has a working life closer to three.
Higher rates aren’t breaking gold as structural forces provide a solid floor - Standard Chartered -
(Kitco News) - Gold’s traditional relationship with real interest rates is weakening, and while higher U.S. rates and a potentially stronger U.S. dollar could keep prices volatile in the near term, Standard Chartered sees structural forces providing a solid floor under the precious metal.
Gold steadies above $4,300 as oil eases and yields stay high - Kitco AM Report -
Kitco NewsWire) - Spot gold prices are modestly lower and spot silver prices are firmer in early U.S. trading Monday, as elevated Treasury yields and a firmer dollar offset safe-haven demand tied to U.S.-Iran tensions and constrained traffic through the Strait of Hormuz.
The Fed raised rates and gold didn’t break: Here’s why -
(Kitco News) - Last week we argued that gold investors should stop obsessing over limited US monetary policy moves and start paying attention to the next $1 trillion of U.S. debt.
Zero Hedge
Have You Seen The Surge In US Rough Rice Futures -
Have You Seen The Surge In US Rough Rice Futures
America's rice harvest is forecast to fall to its lowest level in 33 years. CBOT rough rice futures, the benchmark for US long-grain rice before milling, are surging higher at the end of summer after rising 69% so far this year.
USDA forecasts total production at 158.2 million hundredweight, roughly 23% below last year's 206.7 milli...
Mullin: DHS Investigating 1,620 Non-Citizen Voter Fraud Cases -
Mullin: DHS Investigating 1,620 Non-Citizen Voter Fraud Cases
Authored by AG News Staff via American Greatness,
The Department of Homeland Security is investigating 1,620 cases of alleged voter fraud involving noncitizens and reviewing hundreds of thousands of additional cases, DHS Secretary Markwayne Mullin said.
Mullin told Fox News that DHS has made 151 arrests and is examin...
Copper Nears Record High As Shanghai Inventories Tumble, Fueling Scarcity Fears -
Copper Nears Record High As Shanghai Inventories Tumble, Fueling Scarcity Fears
Copper has almost retraced the selloff sparked earlier this month, following Reuters' report that the White House's "copper tariff plan stalls amid affordability concerns." Prices are back near record highs in London as Bloomberg reports tightening supplies in China's physical market, reinforcing scarci...
Trump Calls For Diesel Export Ban After 3-Hour 'Very Productive' Iran Talks -
Trump Calls For Diesel Export Ban After 3-Hour 'Very Productive' Iran Talks
Summary
US-Iran talks: Unnamed US admin representatives held 3-hour talks with Iranian officials on sidelines of UN General Assembly.
Trump's UN address ultimatum: Touts possible deal 'after' US midterm elections, but also says: "Do I drive them into hell with no chance of survival?"
Diesel exp...
MAHA Leaders Warn Trump, RFK Jr. Over Inaction On mRNA Vaccines -
MAHA Leaders Warn Trump, RFK Jr. Over Inaction On mRNA Vaccines
Authored by Zachary Stieber via The Epoch Times,
Some leaders in the Make America Healthy Again (MAHA) movement on Sept. 21 warned President Donald Trump and Health Secretary Robert F. Kennedy Jr. over their inaction regarding messenger ribonucleic acid (mRNA) vaccines, including vaccines against COVID-19.
"While the...
Goldman Warns Nightmare Refining Crisis Could Prolong Diesel, Gas Price Pain Through 2027 -
Goldman Warns Nightmare Refining Crisis Could Prolong Diesel, Gas Price Pain Through 2027
Goldman energy analyst Nikhil Bhandari warned in a note on Monday that the global refining system is too stretched to support a full recovery in fuel demand while inventories rebuild. This suggests that fuel prices will remain elevated into next year.
Bhandari told clients that refining margi...
'Pausing' Intensifies: OpenAI Unleashes Latest Model Minutes After Dario Dumps Magnum Opus -
'Pausing' Intensifies: OpenAI Unleashes Latest Model Minutes After Dario Dumps Magnum Opus
Update (1417ET): Well, well, well...
Anthropic's new Opus launch went up around lunchtime in New York, and by early afternoon OpenAI had rolled out GPT-6 Sol and GPT-6 Luna, halving prices yet again.
GPT-6 Sol now costs $2 per million input tokens and $10 per million output, half the $4/$20...
Libya's Largest Oilfield Hit By New Armed Group Blockade -
Libya's Largest Oilfield Hit By New Armed Group Blockade
By Tsvetana Paraskova of OilPrice.com
Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oil from the field to the Zawiya port for exports, in yet another global supply scare amid ongoing disruptions in the M...
2Y Auction Tails As Foreign Demand Slides Despite Highest Yield In Over 3 Years -
2Y Auction Tails As Foreign Demand Slides Despite Highest Yield In Over 3 Years
Ahead of today's auction, with yields sliding early in the day tracking the drop in oil tick-for-tick, some speculated that participants in today's sale of $69BN in 2 year notes would need a modest concession to show enthusiasm for the auction. And even though yields did push wider until the 1pm stop, i...
Turkish Airlines, Pegasus & AJet Cancel Iran Flights As US Sanctions Bite -
Turkish Airlines, Pegasus & AJet Cancel Iran Flights As US Sanctions Bite
Via Middle East Eye
Turkey's national carrier, Turkish Airlines, and budget airlines AJet and Pegasus have cancelled flights to and from Iran from September 21 as US sanctions take effect, a review by Middle East Eye indicates.
The Turkish Airlines and AJet websites have no flights to Iran until March, whil...
MarketWatch - Top Stories
Trump endorses diesel export ban. A decision is coming ‘fast, one way or the other.’ -
President Donald Trump says his administration is considering a ban on diesel exports, amid skyrocketing prices for the fuel.
‘She gave a neighbor $2,000’: Social Security overpaid my mother, 82, by $20,000. What else is hiding in her finances? -
“My mother has a pension, Social Security, investments and a house probably worth over $1 million.”
The bond market is flashing a warning for stocks. These sectors are already wobbling. -
The yield curve could invert again — but is that still a reliable recession signal?
She was ready to buy her dream condo — but discovered the HOA had just 1% in cash reserves -
You may be able to choose your house or condo, but you can’t always choose your homeowners association.
Defending against dangerous AI should be a national priority — and we need more capable AI to do it -
A rogue state or terrorist organization has little reason to observe an AI slowdown.
Quantum stocks are getting hot again after a brutal summer. Can the rally last? -
This week’s Quantum World Congress could trigger a ‘sentiment reversal’ for quantum stocks after a rough summer, an analyst said.
How to avoid the ‘widow tax’ and other financial headaches if your spouse dies -
A surviving spouse is sometimes left with less income and a higher tax bill. These tax-saving strategies can soften the impact.
I have $125,000 in credit-card debt. Will $17,000 a month in income, including disability, affect my bankruptcy? -
“I racked up this debt to cover my living expenses for two years without an income stream.”
Want to retire with more money? Leave the country for work early in your career. -
Gain experiences, memories and a substantial contribution to your future nest egg.
Could Meta’s viral Muse app be the company’s ChatGPT moment? -
Meta’s new assistant is topping App Store charts and beating ChatGPT’s early download pace, spurring renewed confidence in the company’s AI strategy
CNBC Top News
CNBC Economy
GATA
China spends record amount importing over 1,000 tonnes of gold so far this year -
By William SandlundFinancial Times, LondonTuesday, September 22, 2026
HONG KONG -- China has spent a record sum importing more than 1,000 tonnes of gold this year as the central bank and local investors pour cash into bullion amid rising geopolitical tensions abroad and poor returns on local assets.
The world's second-largest economy spent $158.8 billion on gold in the first eight months of the...
U.S. to use dollar sanctions to close Iranian airlines -
U.S. threatens to ground Iranian airlines worldwide tomorrow
From Al Jazeera, Doha, QatarMonday, September 21, 2026
United States Treasury Secretary Scott Bessent says Iranian airlines could effectively be shut out of international travel from Wednesday, as Washington threatens foreign companies with secondary sanctions if they continue servicing the country’s carriers.
“On September 23, all th...
Ole Hansen: Gold breaks with real yields as fiscal concerns reshape investor demand -
By Ole HansenHead of Commodity StrategySaxo Bank, Hellerup, DenmarkMonday, September 21, 2026
U.S. 10-year real yields hit their highest level in more than 20 years on Friday at 2.63%, a 76-basis point increase since the start of the year, while total gold-backed exchange-traded fund holdings continued to recover following a drop in H1 2026.
The divergence highlights an increasingly notable dis...
As Africa digs up tons of illicit gold, a fabled refinery wants to make it legit -
By Alexandra WexlerThe Wall Street JournalMonday, September 21, 2026
JOHANNESBURG, South Africa -- Behind multiple sets of locking doors, watched over by hundreds of security cameras, is a windowless refinery that has processed almost a third of all the gold produced in the history of the world.
Now the storied Rand Refinery is switching up its playbook.
Long the go-to destination for Africa's...
Will this review of GATA's work persuade you to help? -
1:46p ET Monday, September 21, 2026
Dear Friend of GATA and Gold (and Silver):
Last week Mark Maharrey and GATA's other friends at Money Metals Exchange generously gave your secretary/treasurer a half hour on their weekly podcast to review GATA's work over the last 26 years and to remark on recent developments in the monetary metals.
... Dispatch continues below ...
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A...
Wolf Street
Legal Tender News
CoinDesk
Canada's 'Big Six' banks to launch interbank tokenized deposit initiative -
Initial testing will focus on moving digital commercial deposits across participating institutions before linking to broader digital asset ecosystems.
Next for the U.S. SEC: Agency's chief crypto counsel illuminates path for custody -
Taylor Lindman, the top lawyer on the agency's Crypto Task Force, says the SEC is trying to get firms comfortable with blockchain technology and crypto assets.
European central banks push to expand stablecoin yield ban to crypto lending and staking -
Central bankers argue that indirect yield structures blur the line between electronic payment tokens and commercial bank deposits, distorting financial system competition.
Bitcoin, ether perpetual volumes on Kalshi are dominated by an unusual, repetitive trade, data shows -
CoinDesk found one $5,499 trade size accounting for 57% of sampled ether-perpetual volume, while recurring $2,500 and $5,000 trade sizes made up 54% of sampled bitcoin-perpetual volume.
Why Payward-backed Reap is betting on non-USD stablecoins for 24/7 cross-border FX settlement -
Reap is preparing to add a Mexican peso stablecoin and is exploring Hong Kong dollar, euro, won and yen tokens for foreign exchange outside banking hours.
A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October -
Your day-ahead look for Sept. 22, 2026
Binance buys $100 million Circle stake in five-year USDC promotion deal -
Circle sold 1.24 million shares at $80.84 each and will pay Binance a monthly fee tied to USDC held through its wallet infrastructure.
Bitcoin recovers from Asian-session lows as falling oil price supports risk appetite -
Bitcoin traded near $86,000 as WTI crude dropped below $90 and strong stock markets supported risk appetite.
Live updates: Bitcoin trades near $86,000 as U.S. stocks post small gains -
WTI crude oil dropped to $90 as reports suggested Iran could reopen the Strait of Hormuz within seven days.
Binance probed by U.S. federal prosecutors for sanctions violations: Bloomberg -
Federal prosecutors in Manhattan and the Justice Department are said to be investigating whether the crypto exchange knowingly permitted users to bypass U.S. sanctions on Iran.
bitcoin.com
Someone Bet $3.17M on Bitcoin Price Rising—But Could Lose Big if BTC Hits $100K -
A bitcoin options trader targeted a price of $95,000 by October 30, with $3.17 million paid upfront. A bigger rally could erase the position’s entire payout at expiry, however, creating an unusual predicament for someone betting on higher prices. A Multimillion-Dollar Bet With a Precise Destination The price of bitcoin reaching $100,000 for the first […]
Coinbase and Morpho Make Bitcoin-Backed Loans More Predictable -
Coinbase just gave bitcoin holders something borrowers usually expect from a bank. Customers can now borrow USDC against their bitcoin while locking in the interest rate and repayment date before taking the money. The fixed-rate loans launched Tuesday through Morpho Midnight on Base, giving eligible U.S. users outside New York a way to tap their […]
Bitcoin Liquidations Drop Sharply as BTC Price Holds Above $86,000 -
Following a brief pullback from an eight-month peak of $87,374, the price of bitcoin stabilized around $86,000, keeping its market cap at $1.73 trillion and the broader crypto market above $3 trillion. Derivatives Cool Off After Volatile Session Bitcoin’s rally briefly paused following its spike above $87,000 on Monday, settling into sideways consolidation while […]
Russia’s Largest Exchange Lists XRP Perpetuals, but There Is a Caveat -
Moscow Exchange began trading perpetual futures on an XRP index on Sept. 22, listing the token beside bitcoin on Russia’s largest bourse, yet only qualified investors can touch the contracts. Going Live The contracts opened this morning in Moscow as Moex, Russia’s largest exchange, listed five cash-settled perpetual contracts, BTCUSDF, ETHUSDF, SOLUSDF, XRPUSDF and TRXUSDF, […]
XRP Is Crushing Bitcoin on Korean Exchange Upbit: Here Are the Numbers -
XRP drew $350M (about ₩481B) of trading volume on Upbit on Sept. 21, beating bitcoin’s $225.8M (₩308B), and it has out-traded bitcoin on the exchange every day for a month. The Numbers On Monday night, onchain data showed that XRP was “dominating Upbit,” with the asset’s numbers showing $203.9 million in 24-hour volume against $143 […]
Reason
3 Leading News Outlets Say Their Sudden Banishment From the White House Is Unconstitutional -
In a federal lawsuit, CNN, MS NOW, and Politico argue that Trump's bans violate due process and freedom of the press.
39% of Democratic Voters Think Restaurant Industry "Should Be Publicly Owned and Operated" -
From a survey this month of Democratic voters by the Center for Strategic Politics, a self-described progressive organization. Interestingly, the…
The post 39% of Democratic Voters Think Restaurant Industry "Should Be Publicly Owned and Operated" appeared first on Reason Magazine.
California Wants to Write America's AI Rules -
Newsom's expert panel has two months to consider new AI rules, including "kill switches," that could spread nationwide.
Whistleblower Photos Show ICE Detainees in Miramar, Florida, Amid Extreme Overcrowding, Overflowing Toilets -
Photos taken by an ICE whistleblower show detainees at the agency's overcrowded Miramar field office sleeping in the building's sally port.
D.C. Circuit Rejects Limits on Capitol Steps Demonstrations -
Regulations limiting demonstrations on the Eastern Steps to those sponsored by members of Congress are unreasonable.
How Will History Remember Anthony Fauci? -
Fauci's diary reveals a self-obsessed career bureaucrat who refused to consider the possibility that his research contributed to origin of COVID-19.
The E.U. Just Proposed Its Most Sweeping Social Media Restriction to Date -
The KIDS Act could age-gate the internet for hundreds of millions of users.
No, Banning Diesel Exports Won't Lower Gas Prices -
It would actually make a bad situation worse in the long run.
Reflections on Taylor Swift and Travis Kelce's Privacy Fence -
Don't expect the celebrity couple's battle with local planning officials over a privacy fence to turn them into YIMBYs.
Free Speech Groups Say the FCC's Disney/ABC Investigation 'Reeks of Political Pretext' -
FIRE, Cato, PEN America, and others take on the broadcasting police.
Tenth Amendment Center
When War Comes Home: A Constitutional Warning -
Every generation faces a temptation to exchange freedom for security. Every generation is told that normal rules cannot apply because a crisis is too serious, an enemy too dangerous and a moment too urgent.
The post When War Comes Home: A Constitutional Warning appeared first on Tenth Amendment Center.
They’re not Patriots. They’re Degenerate Cowards. -
Degenerate cowards. That’s how the founders and old revolutionaries viewed people who refuse to protect and defend their own constitution and their own liberty out of fear for their own skin - or a lazy preference for comfort. On this episode, it’s the founders’ hard reality check - what needs to be done if we ever want to live in a REAL “land of the free.”
The post They’re not Patriots. They’r...
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.
Electronic Frontier Foundation
D.C. Circuit Must Vacate a Drone Flight Restriction That Criminalized Recording Immigration Agents -
EFF joined an amicus brief with ACLU, ACLU of D.C., National Press Photographers Association, and Professional Photographers of America to urge the D.C. Circuit to vacate an FAA drone flight restriction that violated the First Amendment right to record law enforcement. This is an important case—
Levine v. FAA—challenging the ability of the government to punish drone pilots who record law enforce...
EU Kids Act Won't Keep the Internet Accountable and Trustworthy -
The EU Commission draft law to restrict young people’s access to the internet that it presented last week will come at a high cost: it will put online services behind age gates, expand the use of intrusive age verification, and undermine the privacy of all users.
The EU Kids Act aims to protect children from risks associated with social media, video games, and AI systems by introducing age-bas...
EFF Statement on California Governor's Executive Order on AI -
California Gov. Gavin Newsom's executive order is an opportunity for a needed, thoughtful conversation about artificial intelligence and its potential harms. Everyday Californians are feeling real anxiety about the risks of artificial intelligence, and as an organization that works to ensure technology empowers people, EFF welcomes this order as a way for the state of California to lead a much-...
The Institute For Justice - Press Releases
Victory! Court Rejects Qualified Immunity in Louisiana Motorists’ Case, Allowing Fourth Amendment Claims of an Unconstitutional Traffic Stop to Continue -
NEW OLREANS—For nearly four years, Mario Rosales and Gracie Lasyone have pursued justice over an unconstitutional traffic stop and roadside questioning by two Alexandria, Louisiana, […]
The post Victory! Court Rejects Qualified Immunity in Louisiana Motorists’ Case, Allowing Fourth Amendment Claims of an Unconstitutional Traffic Stop to Continue appeared first on Institute for Justice.
Illinois Town Threatens to Destroy Award-Winning Garden, Violating State’s Right-to-Garden Law -
The city of Danville is threatening to uproot an award-winning neighborhood garden, in violation of state law.
The post Illinois Town Threatens to Destroy Award-Winning Garden, Violating State’s Right-to-Garden Law appeared first on Institute for Justice.
Federal Court Orders DHS to Stop Detaining People with Valid Identification and Halts Warrantless Construction Site Raids -
MOBILE, Ala.—A federal judge in Alabama ordered immigration officers to stop warrantless raids of construction sites, to stop detaining construction workers without a reason to […]
The post Federal Court Orders DHS to Stop Detaining People with Valid Identification and Halts Warrantless Construction Site Raids appeared first on Institute for Justice.
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
Take Action: Stop State Gun Taxes & Fix the SHOT Act -
LET’S PASS THESE BILLS! These two bills are marked up tomorrow, we need your help to pass them…. If you’re receiving this email, your Representative in Congress is on the House Judiciary Committee. That means we’ve got an important request for you. Tomorrow, the House Judiciary Committee will be voting on two bills that matter to your Second Amendment rights: … Read more
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
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