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(Mike Maharrey, Money Metals News Service) Asian banks have beefed up their gold product and service offerings in recent months. According to The Banker, this represents “a structural wealth shift in wealth allocation.” New products and innovations introduced in the Asian gold market run the gamut from investing platforms that offer...

(Andrew Rice, The Center Square) The U.S. economy lost 23,000 jobs in July, while the unemployment rate dropped to 4.1%, according to a new report from the U.S. Bureau of Labor Statistics on Friday.  Over the last 12 months, employment gains increased by 34,000. July's figure keeps at pace with...

(Elyse S. Apel, The Center Square) Minnesota is increasing penalties for Medicaid fraud as state and federal officials continue prosecuting cases involving millions of dollars allegedly stolen from taxpayer-funded programs. The Minnesota Sentencing Guidelines Commission recently approved a higher classification for a new Medicaid fraud offense created under a recently...

(Mike Maharrey, Money Metals News Service) Gold flows into ETFs flipped positive globally in July. After two consecutive months of outflows, every region reported positive flows of metal into gold-backed funds in July. With Europe leading the way, gold ETFs reported net gold inflows of 23.5 tonnes in July, valued...

(Mike Maharrey, Money Metals News Service) Central bank gold buying has surged in recent years. Net central bank gold purchases rose from an average of 473 tonnes between 2010 and 2021 to nearly 1,000 tonnes over the last four years. Emerging market central banks have dominated gold buying, driving the...

(Money Metals News Service) Federal Reserve Chairman Kevin Warsh continues to project a tough stance on inflation, repeatedly promising to restore price stability and keep inflation anchored at the central bank's longstanding 2% target. But according to Mike Maharrey in this week's Money Metals Midweek Memo, markets are beginning to judge...

(Headline USA) The State Department on Wednesday offered a $25 million reward for information leading to the capture of Juan Carlos González, or "Pelón,” scaling up pressure on a U.S. citizen who has emerged as the figurehead of Mexico's most powerful cartel. The reward was bumped up from $5 million....

(José Niño, Headline USA) The U.S. government has handed out citizenship faster than it handed out deportation orders over the past year, according to publicly available statistics. The Twitter/X account AF Post drew a comparison between two immigration statistics this week that circulated widely, and federal records back up each...

(Ken Silva, Headline USA) A former FBI supervisory special agent has been arrested after admitting to the theft of roughly $1 million worth of cryptocurrency, according to court records. A criminal complaint filed Saturday says that the former agent, Patrick Yaroch, admitted to his crimes to another Justice Department employee...

(Mike Maharrey, Money Metals News Service) Gold buying accelerated again in June as central banks took advantage of the softer price environment to add to their reserves. According to the latest data compiled by the World Gold Council, central banks globally added a net 51 tonnes of gold to their...

(Mike Maharrey, Money Metals News Service) When we talk about inflation, we usually focus on the Consumer Price Index (CPI). However, the Federal Reserve’s “preferred” inflation measure is the Personal Consumption Expenditure (PCE) index. What’s the difference and why does the Fed prefer the PCE? The two price inflation measures...

(Headline USA) Two people have died in the cyclospora outbreak in Michigan, state health officials announced Monday, the first deaths confirmed in the United States related to the microscopic parasite. The Michigan Department of Health and Human Services said both people had underlying health conditions that may have been impacted...