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Precious Metals News
- Silver Price Forecast: XAG/USD consolidates near $39.00, bulls target multi-year high - FXStreet August 28, 2025
- Silver Price Outlook – Silver Gaps to Higher Levels - FXEmpire August 28, 2025
- Silver (XAG) Forecast: Breakout Above $39.53 Could Ignite New Bull Leg in Silver Market - FXEmpire August 28, 2025
- Current price of silver as of Thursday, August 28, 2025 - Fortune August 28, 2025
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Recent Posts
- On the Spot with GSM | Precious Metals Market Report (8/27/2025)
- Silver: Here’s Why The US Government Just Announced Its Critical
- Why the stock market wasn’t moved by Trump’s boldest move yet on the Fed
- Should You Invest In American Silver Eagle Coins?
- On the Spot with GSM | Precious Metals Market Report (8/26/2025)
Category Archives: Precious Metals
Citi raises gold forecast back to $3,500/oz by November on negative U.S. outlook, geopolitical risk
(Kitco News) – Banking giant Citi announced on Monday that it has raised its gold price forecast to $3,500 per ounce … Continue reading →
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Gold price soars after much weaker U.S. jobs data
Gold price soars after much weaker U.S. jobs data | Kitco NewsBUY/SELL GOLD & SILVERBullion Coins and BarsPrecious MetalsAll Metal QuotesCryptosBase MetalsMarketsMiningNewsAbout Continue reading →
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A Sniff Of Stagflation Stalls The Rally
Summary Tariff uncertainty is overshadowing AI-driven optimism, with new U.S. tariffs impacting global trade sentiment and weighing on the S&P … Continue reading →
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Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy
Two Federal Reserve officials who voted this week against holding a key interest rate in place explained their decisions Friday, both indicating that the central bank is making a mistake by waiting to ease policy amid rising threats to the labor market.
Governors Christopher Waller and Michelle Bowman both said they wanted a quarter percentage point reduction, as they see tariffs having only a temporary impact on inflation. They said staying on hold, as the rate-setting Federal Open Market Committee has done since December, poses risks to the economy.
In separate statements, Waller and Bowman laid out their reasons for dissenting, the first time two governors have done since 1993. The committee voted 9-2 to hold, and the differences of opinion reflect “a healthy and robust discussion,” Waller said.
“There is nothing wrong about having different views about how to interpret incoming data and using different economic arguments to predict how tariffs will impact the economy,” he wrote. “But, I believe that the wait and see approach is overly cautious, and, in my opinion, does not properly balance the risks to the outlook and could lead to policy falling behind the curve.”
Further, Waller insisted that inflation impacts from President Donald Trump’s tariffs have been “small so far” and could continue in that vein.
Both he and Bowman did not advocate for the kind of dramatic cuts Trump has pushed. The president has suggested the federal funds rate, which sets a target that banks use for overnight lending but spills over into many other rates, should be as much as 3 percentage points lower.
Waller suggested something more gradual — cutting by as much as 1.5 percentage points, at a slow pace as the committee monitors impacts from policy easing.
Similarly, Bowman backed “gradual cuts” as she also said tariffs are having only limited impact on prices. In fact, she said that without the duties, the Fed’s key inflation measure would be below 2.5% “and considerably closer to our 2 percent target.”
“With tariff-related price increases likely representing a one-time effect, it is appropriate to look through temporarily elevated inflation readings,” said Bowman, who also serves as the Fed’s vice chair for bank supervision. “I see the risk that a delay in taking action could result in a deterioration in the labor market and a further slowing in economic growth.”
Trump has been unrelenting in his criticism of the Fed for not cutting. In a Truth Social post Friday morning, he again tore into the central bank, and Chair Jerome Powell in particular.
“Jerome ‘Too Late’ Powell, a stubborn MORON, must substantially lower interest rates, NOW. IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!” Trump said. Continue reading →
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Silver Dip Spurs Calls to Buy: Schiff Urges Investors to Act on Dip
Market Snapshot: Silver’s Sharp Pullback Spot silver recently fell to $36.76 per troy ounce, marking a 2.3% decline, approximately a dollar … Continue reading →
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Trump’s scrap copper quotas too small to shift the market
By Amy Lv, Lewis Jackson and Pratima Desai BEIJING/LONDON (Reuters) – Proposed limits on U.S. scrap copper exports which aim … Continue reading →
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Gold price slightly up as mild bargain buying featured
Gold price slightly up as mild bargain buying featured | Kitco NewsBUY/SELL GOLD & SILVERBullion Coins and BarsPrecious MetalsAll Metal QuotesCryptosBase MetalsMarketsMiningNewsAbout Continue reading →
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Gold drops on GDP data
Gold drops on GDP data this morning that shows the U.S. economy on solid ground as investors awaited further direction … Continue reading →
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Weak ruble, higher oil may help Russia if Trump’s tariffs hit, analysts say
By Elena Fabrichnaya MOSCOW (Reuters) – Russian markets reacted cautiously to U.S. President Donald Trump’s threat to impose new sanctions, … Continue reading →
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A divided Fed is expected to hold rates steady, defying Trump’s calls for a cut
The Federal Reserve is widely expected to hold interest rates steady Wednesday amid internal divisions over the path of monetary … Continue reading →
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Gold price could struggle as U.S. consumer confidence stabilizes in July
Gold price could struggle as U.S. consumer confidence stabilizes in July | Kitco NewsBUY/SELL GOLD & SILVERBullion Coins and BarsPrecious MetalsAll Metal QuotesCryptosBase MetalsMarketsMiningNewsAbout Continue reading →
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US goods trade deficit hits nearly two-year low as imports tumble
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed to the lowest level in nearly two … Continue reading →
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