🚀 Gold and Silver on Track for Massive 2025 Gains
Gold is up 29% so far this year, with silver close behind at 25.5%. If this pace continues through year-end, gold could notch a 58% gain in 2025, with silver hitting 51% — staggering gains that would mark one of the strongest years for precious metals in modern history.
🕊️ Iran-Israel Truce Calms Metals Markets
Gold steadied this week following reports of a truce between Israel and Iran, easing geopolitical tensions and risk appetite. Prices have hovered between $3,300–$3,400 as markets shift focus to upcoming U.S. economic data.
⏱️ Powell: No Rush to Cut Rates Despite Political Pressure
Fed Chair Jerome Powell told Congress the central bank will wait for more economic data before considering rate cuts — a stance that contrasts with President Trump’s calls for immediate easing. Powell emphasized the Fed remains “well-positioned to wait.”
📊 Fed Eyes Tariff Impact Before Policy Shift
Minneapolis Fed President Neel Kashkari echoed caution, noting recent inflation data has improved but warning that tariffs could still drive prices higher. While some Fed officials favor rate cuts this summer, the committee remains divided.
📈 BofA: Ballooning US Debt Will Drive Gold to $4,000
Bank of America forecasts gold could hit $4,000/oz within a year. While past gains were fueled by geopolitical tensions, BofA says exploding U.S. deficits will be the primary driver going forward. Central banks are increasingly dumping Treasuries in favor of gold, a trend accelerating as global debt soars.