Friday, June 20, 2025

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U.S., China Agree to Cut Tariffs After Trade Meeting

(Brett Rowland, The Center Square) The United States and China will cut tariffs on imports from each other as the world's two largest economies look to reach a broader deal on trade after months of tensions.  After a single weekend meeting, the two global superpowers agreed to slash tariffs set...

Indian Jewelry Market Reveals the Push and Pull of Higher Gold Prices

(Mike Maharrey, Money Metals News Service) Rising gold prices have spurred investment demand, especially in the East, and helped drive Q2 gold demand to the highest level since 2016. In China, demand for gold bars and coins charted the second strongest quarter on record. However, high prices put a drag on jewelry...

Central Banks, De-Dollarization, and the Bull Market in Gold

(Money Metals News Service) In this episode of the Money Metals podcast, host Mike Maharrey chats with Dr. Nomi Prins in an engaging interview. Dr. Nomi Prins kicked off the discussion by framing today’s gold rally as just the beginning of a much larger trend. She forecasted gold reaching $3,000...

Scientists Turn Lead into Gold

(Mike Maharrey, Money Metals News Service) This is the stuff of dreams. Scientists have turned lead into gold! Since ancient times, people have been trying to figure out how to transform common metals such as lead or iron into gold. Alchemy originated in Egypt in the first century. It became a...

Gold Demand Diverges: East Surges While U.S. Sells Off

(Money Metals News Service) In the latest episode of Money Metals Midweek Memo, host Mike Maharrey delivers an insightful breakdown of global gold demand trends in Q1 2025, highlighting a striking divide between Eastern and Western investors. While Asian nations continue to accumulate gold at a torrid pace, American investors are...

Main Street Is Stressed: Bankruptcy Inquiries at Pandemic-Era Levels

(Mike Maharrey, Money Metals News Service) In another sign that things aren’t so great on Main Street, bankruptcy inquiries hit pandemic-level highs in Q1. More and more people are worried about a looming recession. The mainstream blames these economic worries on tariffs, but it’s pretty clear Americans started feeling the...

Silver Supply Deficit and Other Silver News

(Mike Maharrey, Money Metals News Service) Silver demand outstripped new supply for the fourth straight year as industrial demand set another record. This was one of several stories featured in the new edition of Silver News published by the Silver Institute. Silver industrial demand rose 4 percent in 2024 to 680.5 million ounces, according...

Report: DOGE Cuts Behind Nearly Half of All Layoffs This Year

(Brett Rowland, The Center Square) President Donald Trump's Department of Government Efficiency is responsible for nearly half of all job cuts announced this year, according to a new report. The report from outplacement firm Challenger, Gray and Christmas said DOGE-related actions lead all job cut reasons in 2025 with 283,172,...

Employers Added 177,000 Jobs as Job Market Shows Resilience

(Headline USA) American employers added a 177,000 jobs in April as the job market showed resilience in the face of President Donald Trump's trade wars. Hiring fell slightly from a revised 185,000 in March, but that is above economist projections of 135,000 jobs. The unemployment rate remained at a low...

Hikers Find over $300,000 in Gold

(Mike Maharrey, Money Metals News Service) Do you know what I do really well? I lose things. I lose my glasses. I lose my wallet. I lose the TV remote. Sometimes, I think I'm losing my mind. Oddly enough, despite my penchant for losing stuff, I'm pretty good at finding things other people have...

Report: Tesla Searching for New CEO to Succeed Musk

(Ken Silva, Headline USA) Tesla started a formal process to find its next CEO last month, amidst declining public opinion about billionaire Elon Musk, according to a bombshell report from the Wall Street Journal. “Board members reached out to several executive search firms to work on a formal process for...

AOC & Bernie Sanders Fight for the Working Class—From a Luxury Jet

(José Niño, Headline USA) The purported champions of the "little guy," Alexandria Ocasio-Cortez and Bernie Sanders, were caught living large aboard a $15,000-per-hour private jet en route to a “Fighting Oligarchy” rally. Footage captured by Fox News shows the far-left New York congresswoman and her longtime democratic socialist ally stepping...
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