Kitco News
Gold struggles as S&P PMI shows health activity in Manufacturing Services sectors -
(Kitco News) - The gold market continues to hold support around $4,000 an ounce, but it could face further headwinds as relatively stable activity in both the manufacturing and services sectors reduces safe-haven demand for the precious metal.
Gold price trades near $4,000/oz after final Consumer Sentiment holds steady at 48, inflation expectations rise -
(Kitco News) - The gold market is trading near key support after the latest data showed consumer sentiment in the U.S. holding steady, while inflation expectations rose higher.The University of Michigan announced on Friday that the final reading of its Consumer Sentiment survey for October was 48. The data was better than expectations, as the consensus forecast of economists called for a readin...
Gold heads for steep weekly loss as Hormuz tensions lift crude toward five-month highs - Kitco AM Report -
(Kitco NewsWire) – Spot gold and silver prices were sharply lower in early U.S. trading Friday, extending Thursday's heavy losses as renewed Middle East tensions pushed crude oil prices higher and reinforced expectations that the Federal Reserve will maintain restrictive monetary policy.
Precious metals tumble despite falling yields as Hormuz tensions intensify - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices were sharply lower in late U.S. trading Thursday, as renewed Middle East tensions sent crude oil prices higher, reinforcing inflation concerns and expectations for additional Federal Reserve tightening.
War in Iran, higher energy prices are only delaying gold's rally to $5,000; mining stocks remain undervalued – Gabelli -
(Kitco News) - The ongoing war in Iran and disruptions to global energy supplies are driving inflation pressures higher, forcing central banks to maintain restrictive monetary policies, which is taking its toll on gold; however, one fund manager says the conflict is only delaying gold's eventual rally, while the mining sector continues to generate significant cash flow at historically elevated ...
Newmont beats third-quarter earnings expectations as higher gold sales boost profits; miner raises 2026 cost outlook -
(Kitco News) - Despite ongoing headwinds, the world's largest gold producer reported stronger-than-expected third-quarter earnings Thursday, as higher gold sales volumes and elevated metal prices helped boost profitability and cash flow.
‘Very bizarre action’ as gold retraces entire summer rally to test $4,000/oz: AI weakness, or yen intervention? – Jesse Columbo -
(Kitco News) – Gold’s dramatic Thursday selloff Has erased all of the yellow metals gains since the summer, and the lack of correlation with the US dollar index and bond yields suggests that this could be more than liquidations from the tech selloff, and may indicate the next round of yen interventions by the U.S. government, according to Jesse Colombo, independent precious metals analyst and f...
Gold and silver are not the best inflation hedges; investors should diversify into the commodity supercycle – Auspice Capital -
(Kitco News) - Gold’s disappointing performance in recent months is further proof that it is not a reliable inflation hedge, and while it remains an important diversification tool, one fund manager says investors should be looking at broad-based exposure to commodities as the global economy enters what could be a generational supercycle.
‘Gold is no silver bullet’ and isn’t hedging against equity drawdowns, but ‘debasement trade’ should continue – HSBC -
(Kitco News) – Gold will continue to benefit from the debasement trade despite its recent weakness, but precious metals investors would do well to diversify, as the yellow metal hasn’t provided effective protection against recent stock market pullbacks, according to market strategists at HSBC Asset Management.
Gold, silver pressured despite lower yields as Hormuz attacks send crude higher - Kitco AM Report -
(Kitco NewsWire) – Spot gold and silver prices were sharply lower in early U.S. trading Thursday, as renewed attacks on commercial shipping in the Strait of Hormuz and rising Middle East tensions pushed crude oil prices higher.
Zero Hedge
Watch: Arizona Governor-Aligned Canvassers Caught Willing To Allow Noncitizens To Vote -
Watch: Arizona Governor-Aligned Canvassers Caught Willing To Allow Noncitizens To Vote
Submitted by Muckraker,
Canvassers registering voters for groups backing Arizona Gov. Katie Hobbs's re-election told undercover Muckraker journalists posing as a non-citizen and as a felon on probation that they could go ahead and register to vote, hidden-camera footage shows.
With the midterm...
Ex-FBI "Shadow Government" Official Among Two Charged With Lying To Congress Over Hunter Biden Laptop -
Ex-FBI "Shadow Government" Official Among Two Charged With Lying To Congress Over Hunter Biden Laptop
Two former senior FBI officials who ran the bureau's now-defunct Foreign Influence Task Force during the 2020 election were charged Friday with lying to Congress about their roles in the FBI's Hunter Biden investigations.
Nikki Cole Floris, 46, and Bradley Benavides, 56, each fa...
Melania Trump 'Brokers' Oleshky Ceasefire - But The White House And Russia Give Different Start Dates -
Melania Trump 'Brokers' Oleshky Ceasefire - But The White House And Russia Give Different Start Dates
The White House said Friday that First Lady Melania Trump brokered a localized ceasefire in Oleshky, a Russian-occupied city in Ukraine's Kherson region, to let aid in and civilians out. The White House says it starts October 29, but Gen. Valery Gerasimov said Russian forces would ...
"We Should Not Have Done It": Thiel Breaks With Trump Over Iran War, Warns America May Not "Have The Hard Power" -
"We Should Not Have Done It": Thiel Breaks With Trump Over Iran War, Warns America May Not "Have The Hard Power"
One day after we reported that Donald Trump Jr. has privately broken with his father over the Iran war, Peter Thiel, the PayPal and Palantir (PLTR) co-founder who was the first big tech investor to back Trump in 2016 and the biggest funder of super PACs behind JD Vance's...
Rare Earth Stocks Hit 52-Week Low As William Blair Says China Supply Optimism Is "Incorrect" -
Rare Earth Stocks Hit 52-Week Low As William Blair Says China Supply Optimism Is "Incorrect"
Our "Great Rare Earth Disconnect" note earlier this week highlighted the widening gap between elevated rare earth prices and tumbling junior miners and producers. William Blair rare-earths analyst Neal Dingmann has also weighed in on the forces driving the selloff.
"Revived rate-hike fear...
Measles Surge In Pennsylvania Prompts New Warning -
Measles Surge In Pennsylvania Prompts New Warning
Authored by Zachary Stieber via The Epoch Times,
As the measles outbreak in Pennsylvania grows larger, state officials have issued a warning regarding the impact of measles during pregnancy.
"Measles in pregnancy can lead to serious adverse maternal and fetal outcomes. The measles, mumps, and rubella (MMR) vaccine is safe and high...
Elon Musk Faces "Mother Of All Subpoenas" As Trillionaire Braces For All-Out "War" With Democrats -
Elon Musk Faces "Mother Of All Subpoenas" As Trillionaire Braces For All-Out "War" With Democrats
Elon Musk is bracing for an all-out political "war" as Democrats prepare sweeping congressional investigations into his businesses and government activities, according to The Washington Post.
Photo: Alex Brandon The Tesla and SpaceX CEO has warned that he will retaliate against those ...
Trump Admin Asks Supreme Court To Allow Border Wall Construction In Texas -
Trump Admin Asks Supreme Court To Allow Border Wall Construction In Texas
Authored by Troy Myers via The Epoch Times,
The Trump administration has petitioned the Supreme Court to allow border wall construction to resume in the Big Bend area of Texas.
In an emergency application filed with the high court on Oct. 21, lawyers for the federal government asked the justices to lift a...
Hegseth Barred Trans Troops - Yet Navy And Marine Boards Are Voting To Keep Them -
Hegseth Barred Trans Troops - Yet Navy And Marine Boards Are Voting To Keep Them
Military boards set up to push transgender troops out of the service are instead voting to keep many of them, the New York Times reported Friday, in a quiet break with Defense Secretary Pete Hegseth's ban.
Secretary of Defense Pete Hegseth gives a State of the Force address at Marine Corps Base Quanti...
Gen X And Boomer Progressives Are Conditioned To Support Open Borders -
Gen X And Boomer Progressives Are Conditioned To Support Open Borders
Authored by Andrew Devine via The Daily Sceptic,
Left-leaning Boomers (born 1946-1964) and Gen Xers (born 1965-1980) view any criticism of 21st century mass immigration through a particular cultural and psychological lens that is outdated and a barrier to having a constructive debate about extremist mass immigra...
MarketWatch - Top Stories
Even the wealthy increasingly want all-inclusive resorts -
Nearly 80% of all-inclusive resorts have become ‘luxury or upper upscale,’ Bernstein analysts say, as the industry seeks higher-income travelers able to weather inflation.
‘She’s living the dream’: My stepmother said I can buy my childhood home for $850,000. Is she taking advantage of me? -
“My late father bought our house for $250,000 in the 1990s.”
The real test for Moderna’s cancer vaccine isn’t about beating Keytruda. It’s keeping cancer from coming back in the long term. -
The first Phase 3 data for a cancer vaccine has raised questions about whether the potential new treatment is needed.
Think annuities are a rip-off? Now might be the perfect time to reconsider. -
Also in Weekend Reads: How to change your approach as the stock-market seesaws, some good news for home buyers, and advice from The Moneyist.
Oil markets are on edge ahead of the weekend, as midterm elections near and fresh U.S. strikes on Iran are predicted -
Oil has climbed back to an Iran-war high and may soon go higher, if the U.S. and Israel strike Iran after their respective voters go to the polls in the coming days.
Can Nvidia’s stock become a safe haven as Wall Street rethinks the AI trade? -
Investors favored flashier AI plays earlier this year, but some analysts say Nvidia’s dependability could now hold more appeal.
‘Some people did everything right’: I lost my home in the Great Recession. I rent in my 50s. Why is that judged as failure? -
”I earn $110,000 a year.”
Walmart, Best Buy and other stores now use digital price tags. Critics say they could lead to different prices for different shoppers. -
Store aisles are getting a digital makeover.
Retire on 8% a year with little or no risk? How to use annuities the right way. -
Market turmoil has created a remarkable opportunity in recent weeks for retirees and those seeking secure, stable income for life.
My spouse was awarded $90,000 from my 401(k) in our divorce. How is that fair? -
“I retired in 2020 and subsequently went through a divorce a few years later.”
CNBC Top News
CNBC Economy
GATA
Alasdair Macleod: Gold and silver trashed by paper traders -
By Alasdair MacleodGoldMoney, TorontoFriday, October 23, 2026
Silver hits new lows for the year, while gold threatens to follow. Despite economic and debt deteriorations leading to a global crisis, precious metals remain the playthings of the paper traders.
Looking at the chart showing gold and silver declining over the course of 2026, you wouldn't think that the world is going to hell in a han...
Central banks still exchanging dollars for gold, Maguire tells LFTV -
2:25p ET Thursday, October 22, 2026
Dear Friend of GATA and Gold:
Gold's structural breakout, London metals trader Andrew Maguire says on this week's edition of Kinesis Money's "Live from the Vault" program, continues to be driven by central bank replacement of dollar reserves with the monetary metal. The recent decline in gold prices, Maguire says, is again entirely a matter of derivatives sho...
India mounts costly defense of rupee -
By Chris KayFinancial Times, LondonThursday, October 22, 2026
India is mounting an increasingly costly defence of the rupee, deploying tens of billions of dollars and resorting to extraordinary market interventions to protect a currency that has come under pressure from elevated oil prices and investor outflows.
The central bank since June has already used about $90 billion of the more than $14...
The world's rich are finding a new home for their gold in Singapore -
By Cindy Wang and Yihui XieBloomberg NewsWednesday, October 21, 2026
Gregor Gregersen's first Singapore bullion business began from under his bed. He stashed silver, though not much of it, and trades took place at his neighborhood train station as he tested for local demand.
Almost 17 years later, the German-born former bank data architect owns a six-story, 180,000-square-foot mega-vault with e...
President of Africa's biggest gold-producing nation vows to end raw mineral exports within four years -
By Olamilekan OkebiorunBusiness Insider Africa, New YorkTuesday, October 20, 2026
Ghanaian President John Dramani Mahama has reaffirmed his government's commitment to end exports of unprocessed minerals by 2030, insisting that Africa's largest gold producer must stop shipping its natural resources abroad only to import finished products made from the same materials.
... Dispatch continues below...
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 ...
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, ...
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 ...
This Day In Market History: Legal Tender Act Of 1862 -
What Happened? On this day in 1862, U.S. President Abraham Lincoln signed the Legal Tender Act into law. Where The Market Was: The Legal Tender Act predates both the S&P 500 and the Dow Jones ...
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
Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports -
The company's head of futures and prediction markets said bitcoin, gold and oil contracts are among its fastest-growing prediction markets.
Bitcoin Core changes security rules as AI makes finding code bugs dangerously easy -
Developers merged a policy change that ends the months-long embargo for flaws a chatbot could rediscover, after a summer in which AI found hundreds of bitcoin bugs before the humans did.
Bitcoin's price is as jumpy as Nvidia's and eight times more turbulent than the euro -
Your day-ahead look for Oct. 23, 2026
Live updates: Bitcoin holds above $81,000 as oil prices hit six-month high -
Brent crude oil surged above $116 per barrel for the first time since late April.
Bitcoin steadies near $81,700 as altcoins rebound, pepe climbs 13% -
Bitcoin rose 0.5% to around $81,700 since midnight UTC while the CoinDesk 80 gained 1.4% and memecoins climbed 2.9%.
Bitcoin appears to have decoupled from midterm cycle bottom history -
Previous bitcoin bear-market lows followed U.S. midterms, but this year’s recovery raises the possibility that the bottom arrived months earlier.
HSBC rolls out its first stablecoin to over 3 million everyday app users -
HSBC and Standard Chartered-led Anchorpoint received Hong Kong’s first stablecoin issuer licenses in April. Anchorpoint began rolling out HKDAP in August.
Sweden’s central bank revives e-krona debate as stablecoins and digital euro loom -
The Riksbank sees an e-krona as critical to securing national payments and monetary control.
India's largest exchange denies hack after sleuths pointed to $16 million in suspicious outflows -
CoinDCX denies its active wallets were hacked after sleuths flagged $16 million in outflows from addresses linked to the India-based exchange.
Polymarket has reportedly fired its marketing chief, also a close friend of the CEO -
Matthew Modabber was reportedly ousted after an internal probe of several instances of misconduct, according to the New York Post.
bitcoin.com
Netanyahu Orders Blockchain Plan to Help Israel Evade Potential Sanctions -
Israeli Prime Minister Benjamin Netanyahu has directed officials to prepare a plan involving blockchain technology and cryptocurrencies to help the country circumvent potential international economic sanctions, including restrictions on its banking system. Israel Weighs Blockchain Solution Speaking in an interview with Israel’s Channel 10 on Friday, Netanyahu acknowledged growing concerns abo...
HSBC Launches First Stablecoin, Bringing Hong Kong Dollar Payments to 3.3M Users -
HSBC has launched its first stablecoin, a Hong Kong dollar-backed digital currency designed for everyday payments, marking a significant step toward mainstream adoption of blockchain-based financial services in the city. HSBC Launches Hong Kong Stablecoin The banking giant announced Friday that HSBC RedCoin (RCHKD) is launching through its PayMe mobile payments platform, giving more than […]
Bitcoin Price Stuck Near $81K as Oil Surge Rattles Global Markets -
Following two days of high volatility, bitcoin traded largely flat around $81,500, putting it on track for its first monthly loss since July. Bitcoin Flat Amid Geopolitical Tensions Following two days of heightened price volatility, bitcoin traded largely flat on Friday, even as surging oil prices—fueled by fears of escalating war of words between the […]
Wells Fargo, Intuit Join Growing Corporate Revolt Against Tokenized Stocks: Reuters -
Wells Fargo, Intuit, and Arm Holdings are among six more companies objecting to having their shares traded as blockchain-based tokens, bringing the total number of corporate holdouts to 22 as Wall Street’s ambitious experiment with around-the-clock stock trading encounters mounting resistance. More Firms Reject Stock Tokenization The latest objections were disclosed in a regulatory document […]
New York Seeks $1.37B From Novatech Founders in Crypto Fraud Case -
New York is seeking about $1.37 billion from Novatech founders Cynthia and Eddy Petion after a court entered a default judgment in a crypto fraud case. State filings show investors deposited more than $1.16 billion, while only about $26 million was sent to the platform used for trading. Novatech Founders Face $1.37B Claim After Failing […]
Reason
Tenth Amendment Center
This isn’t an Instruction Manual. It’s a Warning. How Empires Fall. -
Collapse is self-inflicted: Benjamin Franklin knew the pattern all through history. In 1773, he wrote a masterpiece of biting satire - 20 rules for how a great empire destroys itself from within by making its own people see it as detestable. It was supposed to be a warning, but London completely ignored it and paid the price. Once you hear his “rules,” judge for yourself. Is this just another h...
Lost Cause: The Federal Government will Never Limit Itself -
Going to the federal government to convince the federal government to limit its own power? That’s not just dumb strategy and a lost cause. It’s dangerous to the Constitution and liberty. On this episode, it’s James Madison’s blueprint for beating the feds without relying on the feds to magically limit their own power. Plus the right to keep and bear arms as the ultimate safeguard for freedom.
T...
The Word “Emergency” Doesn’t Exist in the Constitution. That’s no Accident. -
That means the rules of the constitution apply whether someone calls it an “emergency” or not. On this episode, it’s the founders’ long-forgotten warning about the oldest weapon in the book. Let politicians have extra power or funding because THEY declare an emergency? And you’ll get never-ending emergencies.
The post The Word “Emergency” Doesn’t Exist in the Constitution. That’s no Accident. a...
Electronic Frontier Foundation
Two States Can Now Restrict Social Media Access—Here’s What To Do Next -
Last week, two federal appeals courts issued opinions that will allow Florida and Georgia to start enforcing laws that will age-gate and block young people from accessing social media. The laws do not adequately respect minors’ rights to play, speak, and learn online. More fundamentally, these laws don’t help young people stay safe online—a goal that lawmakers should pursue.
Age-Gated? Email EF...
Canadians Are Running Out Of Time To Oppose The Dangerous C-22 Surveillance Bill -
Canada’s Parliament is debating a massive expansion of surveillance powers that will threaten the privacy and security of millions of people. Bill C-22, also called the Lawful Access Act, has already passed the House of Commons, and is now before the Canadian Senate.
Canadians still have an opportunity to speak out and stop this dangerous legislation. The Canadian Civil Liberties Association (...
Introducing Our New Surveillance Self-Defense Guide: Online Privacy for Parents and Youth -
The internet is a vast and confusing place no matter your age. Trying to help youth engage with it safely and privately is a complicated topic that touches on many different skillsets and ideas. But just because it’s complicated doesn’t mean it’s impossible. We’ve launched our Online Privacy for Parents and Youth Surveillance Self-Defense guide in hopes to provide a framework for finding soluti...
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
OH: Information on Dangerous Ordnance Licenses -
Ohio Law May Provide Another Exemption to NFA Registration Under ORC § 2923.18, Ohioans can apply for a $50 Dangerous Ordnance License, providing a separate exemption that does not expressly require federal NFA registration. A GOA employee recently received an approved license from the Jackson County Sheriff. However, whether this exception permits possession of unregistered suppressors remains...
OH: State Law Restricts Our NFA Win — Here’s What You Can Do -
GOA secured a historic victory against the National Firearms Act, but Ohio law is still standing in the way. On August 5, GOA and our fellow plaintiffs won a federal court victory against NFA registration requirements for suppressors, short-barreled rifles (SBRs), and short-barreled shotguns (SBSs). Then, on October 9, ATF announced it would stop enforcing these requirements nationwide. Unfortu...
OH: GOA Proposes Amendments for SB 214 in Light of NFA Changes -
Gun Owners of America’s State & Local and Legal teams has been working diligently to review the Ohio Revised Code regarding “Dangerous Ordnance” regulations standing in the way of recent judicial and executive developments against the National Firearms Act’s stringent requirements on suppressors, short-barreled rifles (SBRs), and short-barreled shotguns (SBSs). Senate Bill 214, introduced by Se...
Banking Dive
Wells Fargo consolidates leadership of consumer bank -
Kleber Santos is now solely responsible for the bank’s consumer banking and lending as Saul Van Beurden becomes wholly focused on AI.
Chartered in December, public in January: How BitGo’s growing -
Crypto-curious banks have been knocking on BitGo’s door more often since it nabbed an unconditional OCC charter, according to an executive.
Citi takes cautious approach on AI agent access -
“There are places in which we want to go faster. This is not one of those places,” Naveed Anwar, global head of AI, digital and data platforms within Citi’s services business, said at Money20/20.
JPMorgan Chase, Goldman Sachs underscore security in AI plans -
“This is one of the most important times to make sure you are appropriately balancing risk and innovation tradeoffs,” JPMorgan Chase CIO Lori Beer said.
Barclays to cut 5,000 employees this year -
Roughly 60% of the reductions are expected in “support functions,” including developers, as AI bolsters productivity, the bank said.
American Banker
Bank of International Settlements
Federal Reserve - Press Releases
Federal Reserve Board announces termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank -
Federal Reserve Board announces termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank
Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026 -
Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026
Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families -
Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families
FDIC - Press Releases