(Headline USA) Over the month of February, U.S. employers added roughly 151,000 jobs. Per a Labor Department report on Friday, this marked a notable increase in job creation from January, when U.S. businesses added 125,000 in January.
Economists initially projected that businesses would add 160,000 new jobs in February. That...
(Brien Lundin, Money Metals News Service) Well, that was quick. I recently wrote about the detailed technical setup for gold that was predicting a correction in the gold price. I shared a couple of areas of concern.
First, gold’s relative strength index (RSI) had risen to overbought levels. We’ve seen...
(Mike Maharrey, Money Metals News Service) Strong demand for gold coupled with a movement of metal to New York has caused a dramatic gold bar production problem at the state-owned Korea Minting and Security Printing Corporation (KOMSCO).
KOMSCO mints gold coins and bars, along with other "security items" including banknotes, IDs, and passports. Among...
(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the Federal Reserve’s monetary policy, the ongoing trade war, and the gold market’s volatility.
With interest rate speculation dominating headlines, Maharrey urges listeners to shift their focus to the Fed’s balance sheet,...
(Mike Maharrey, Money Metals News Service) Silver imports into India rose sharply last month, hitting the highest January level since Metals Focus began tracking the data in 2008.
Silver imports rose by 37 percent year on year to 875 tonnes.
This jump in imports happened despite higher prices.
Hot Indian Silver Investment...
(Dave DeCamp, Antiwar.com) On Saturday, Secretary of State Marco Rubio announced that he had expedited the shipment of $4 billion in military aid for Israel, a strong show of support for Israel as it is threatening to restart its genocidal war on Gaza.
“I have signed a declaration to use emergency...
(Ken Silva, Headline USA) Billionaire Elon Musk has a 14th child who just had a birthday, the boy’s mother said Friday on Twitter.
“Discussed with Elon and, in light of beautiful Arcadia’s birthday, we felt it was better to also just share directly about our wonderful and incredible son Seldon...
(Mike Maharrey, Money Metals News Service) Last month, the Federal Reserve paused interest rate cuts due to sticky price inflation. This indicates tighter monetary policy moving forward. However, market observers tend to ignore the second prong of monetary policy -- the balance sheet.
Most people believe the Fed bowed out of the inflation fight...
(Joakim Book, Money Metals News Service) Last time this much gold crossed the Atlantic, the French were repatriating their gold reserves from New York — in the 1960s, a few years before the gold-based Bretton Woods monetary system collapsed. The time before then, in July 1940, Operation Fish had the Brits shuffle away...
(Mike Maharrey, Money Metals News Service) If gold flows into ETFs are any indication, North American investors are finally hopping on the gold bandwagon.
Last week, 48.8 tonnes of gold flowed into North American-based gold-backed funds. The last time we saw weekly flows at that level was April 2020 as...
(Mike Maharrey, Money Metals News Service) After moderating in November and December, the price of gold has surged to new all-time highs in India to kick off 2025. Higher prices have weighed on gold jewelry demand but continue to support investment demand.
India ranks as the world's second-largest gold market.
Despite...
(Dave DeCamp, Antiwar.com) On Sunday, Ukrainian President Volodymyr Zelenskyy pushed back on the terms of the rare earth minerals deal that the Trump administration wants him to sign, insisting Ukraine was not in debt to the US.
President Trump has previously said that he wants a deal with Ukraine that would give the...