Today's Gold and Silver News: 24-04-2025

Silver Price News: Silver Ends Slightly Higher After Volatile Session

Silver prices ended slightly higher on Tuesday after a volatile trading session that saw the metal dip to $32.36 an ounce before rebounding to $33.23. This modest gain followed support from surging gold prices, which hit a new record above $3,500 per ounce. The broader market environment was unsettled, with declines in equities and the US dollar following political pressure from President Trump on the Federal Reserve to lower interest rates. This move seemed contradictory amid rising trade tariffs, which are typically inflationary and would usually prompt higher interest rates.

Market volatility was further fuelled by the International Monetary Fund’s downgrade of global and US economic growth forecasts, deepening concerns about a slowdown. Although industrial demand for silver could be dampened in such a scenario, silver’s role as a precious metal provides a hedge, especially when gold is rallying. Continued geopolitical tensions and policy uncertainty in the US suggest that gold may maintain its upward trajectory, with silver likely to follow suit due to their close market correlation. Source

Gold Price News: Gold Hits $3,500 Mark for First Time

Gold prices surged to a record high of $3,501 an ounce on Tuesday, fuelled by a weakening US dollar and growing tensions between the White House and the Federal Reserve over interest rate policy. The dollar's decline to a 3.5-year low against the euro reflected market discomfort after President Trump publicly pressured Fed Chair Jerome Powell to cut rates. The dramatic rally from Monday's $3,430 level underscored gold's appeal as a safe haven amid heightened uncertainty. However, the rally was short-lived, as prices quickly retreated below $3,300 an ounce early Wednesday, showing just how volatile the market has become.

Underlying the gold rally were broader concerns over US economic policy and global growth. The IMF slashed its forecast for US growth to 1.8%, the sharpest downgrade among advanced economies, and also trimmed its global outlook. These revisions highlight growing fears tied to erratic US trade policies and political interference in monetary decisions. Investors, wary of these developments, have been moving away from equities and the dollar toward perceived safe assets like gold. With upcoming economic data from the Eurozone, UK, and US likely to influence sentiment further, traders will remain on edge for signs of either stabilization or further turbulence. Source

Gold soars, Bitcoin awakens: can crypto challenge gold's safe-haven crown?

Gold has long been considered the ultimate safe-haven asset, and it recently surged to record highs amid global economic uncertainty. However, Bitcoin, which had been relatively quiet, suddenly spiked by over 6% in just 24 hours to reach around $93,659 as of April 23, 2025. This sharp rally comes at a time when gold prices have started to decline, leading investors to reconsider Bitcoin's role as a potential safe-haven alternative. Despite Bitcoin's usual volatility and its lack of reaction to earlier geopolitical tensions, institutional interest from players like ARK Invest and BlackRock has renewed confidence in its long-term viability. These firms' continued investments indicate that Bitcoin is gaining legitimacy as a financial asset, especially in a world increasingly influenced by central bank policy shifts.

The recent optimism surrounding Bitcoin is further fuelled by speculation that the Federal Reserve could cut interest rates under pressure from President Trump. Such a move would weaken the US dollar and reduce bond yields, making scarce, inflation-resistant assets like Bitcoin more attractive. While gold remains a reliable store of value with a long history, Bitcoin's decentralized nature, limited supply, and rising institutional adoption are giving it a modern edge. As rate cut hopes and investor sentiment grow, Bitcoin may carve out a role alongside gold rather than replacing it. For investors in 2025 and beyond, the evolving financial landscape suggests that both assets could coexist in portfolios, each offering unique strengths depending on economic conditions and risk appetite. Source

Gold:silver ratio hits 105, but analysts are not giving up on the ‘little’ sibling

Gold has continued to dominate the safe-haven narrative in 2025, with prices surging to nearly $3,500 an ounce and holding strong near $3,460. This rally, driven by global economic uncertainty and safe-haven demand, has pushed the gold:silver ratio to a three-year high of 105.77—far above the historical average of 60. In contrast, silver has struggled to gain traction, trading just under $33 an ounce and failing to benefit even from a weakened U.S. dollar. Analysts point to silver’s industrial ties and concerns about stagflation as key factors behind its lagging performance. The current environment, marked by trade tensions and fears of recession, has weakened silver's appeal while boosting gold’s status as a reliable hedge.

Despite silver’s underperformance, analysts aren’t ready to write it off. Many see long-term potential in the metal, especially due to its critical role in the green energy transition and a forecasted supply deficit. Experts like Ole Hansen from Saxo Bank and Philip Newman from Metals Focus argue that silver’s industrial demand is relatively recession-proof, with projections for another supply shortfall in 2025. Although the gold:silver ratio could climb higher, historical trends suggest these elevated levels are often unsustainable. A reversion closer to the historical average could push silver prices toward $40 an ounce, presenting a compelling opportunity for investors looking beyond gold’s towering gains. Source

Gold prices struggling as S&P reports mixed activity in U.S. manufacturing and service sectors

Gold prices have come under pressure as investors engage in profit-taking, with the metal falling sharply from its recent all-time high of $3,500 an ounce to around $2,640.40—down 3.4% on the day and nearly 7% from the peak. This downturn comes despite mixed economic signals from the U.S., which might typically support safe-haven assets like gold. The latest S&P Global report showed that April’s flash PMI for the service sector dropped to 51.4, missing expectations and marking a two-month low. Meanwhile, manufacturing activity remained relatively flat but slightly exceeded forecasts, ticking up to 50.7 from 50.2, its own two-month high.

The broader composite PMI, which combines both sectors, fell to a 16-month low of 51.2, signalling a marked slowdown in economic activity. However, the gold market has shown little reaction to these developments, instead responding more strongly to technical selling and investor profit-taking. According to Chris Williamson of S&P Global Market Intelligence, the U.S. economy is losing momentum, growing at an annualized pace of just 1.0%, with ongoing trade tensions and tariffs contributing to inflation and uncertainty. Despite these headwinds, gold has failed to attract fresh safe-haven interest, suggesting that investor focus may be shifting or that recent gains left the market overbought. Source

Gold prices set session lows after U.S. new home sales spike in March

Gold prices fell sharply on Wednesday, hitting session lows after data showed a surprisingly strong rebound in the U.S. housing market. New home sales surged 7.4% in March to an annualized rate of 724,000 units, significantly beating expectations of 680,000. This improvement, seen as a sign of underlying economic strength, dampened demand for safe-haven assets like gold. Despite ongoing concerns about high mortgage rates and limited housing supply, the housing sector's unexpected resilience pressured gold prices, which dropped 2.49% on the day to $3,263.29 an ounce following the release. Source

GLD hits $100 billion AUM milestone; gold prices still have legs to run – State Street Global Advisors’ George Milling-Stanley

Gold continues to attract investor interest amid rising economic uncertainty, with George Milling-Stanley of State Street Global Advisors emphasizing that the rally still has solid foundations despite recent price volatility. He attributes gold's sustained strength to persistent fears of recession and stagflation, which have solidified its status as a trusted safe-haven asset. The lack of clear solutions to global instability only heightens gold’s appeal, especially as trust in the U.S. economy and dollar declines. Milling-Stanley believes the current environment is far from overvalued and sees ongoing support for higher gold prices.

This sentiment is reinforced by a significant milestone reached by SPDR Gold Shares (GLD), the world’s largest gold ETF, which has surpassed $100 billion in assets under management for the first time. MiniShares (GLDM) has also seen substantial growth, highlighting widespread investor interest in gold-backed ETFs. Although total ETF inflows remain below 2020's peak levels, Milling-Stanley argues that this suggests gold has not yet reached its peak in popularity. State Street recently raised its gold price forecasts for 2025, with projections now ranging as high as $3,400 per ounce. However, Milling-Stanley cautions against short-term speculation and advises long-term investors to maintain a strategic view, noting that the current market still offers considerable upside. Source

Strong profit-taking pressure pounds gold prices

Gold prices have plunged sharply due to intense profit-taking and long liquidation, following a surge to a record high of $3,509.90. With a renewed appetite for risk in global markets, including strong rallies in U.S. equities, investor interest in safe-haven assets like gold has cooled significantly. This shift, along with a rebound in the U.S. dollar and falling crude oil prices, has added bearish pressure to the metal. June Comex gold was last seen down over $121, trading at $3,297.60. Despite these losses, gold bulls still hold a near-term technical advantage, although their momentum appears to be waning. Meanwhile, silver continues to gain traction, with May futures hitting a three-week high of $33.565.

Political developments also played a role in market sentiment, as President Trump reassured markets by confirming he won't fire Fed Chair Jerome Powell and hinted at easing trade tensions with China. Trump stated tariffs on Chinese imports will be reduced significantly in future negotiations, signaling a softer stance in the ongoing trade war. Additionally, he downplayed any plans to escalate issues around Covid-19 with China. In the technical outlook, while gold shows signs of exhaustion, silver remains in an uptrend with a bullish posture. Traders are watching key resistance and support levels closely, with silver bulls eyeing a close above $35.00 and gold bears targeting a drop below $3,200. Source

Silver price to hit $50 by this summer as ‘gold gets re-monetized,’ says Midas Touch Consulting’s Florian Grummes

Florian Grummes, Managing Director of Midas Touch Consulting, maintains a bullish outlook on gold and silver, viewing the recent pullback in gold prices as a temporary correction driven by profit-taking rather than a significant market top. He attributes gold’s strength to ongoing sovereign accumulation, such as Azerbaijan's recent gold purchases, and broader geopolitical shifts that signal a re-monetization of the metal. Grummes believes this trend is still in its early stages, reinforcing his long-term forecast of gold reaching $9,000. He also points to political rhetoric, such as President Trump’s softened tone on China and growing global distrust in the U.S. dollar, as catalysts for gold’s continued rise. According to Grummes, countries like China are positioning gold at the center of alternative financial strategies to challenge the dominance of the U.S. dollar.

Grummes is even more enthusiastic about silver, which he believes is on the verge of a breakout, potentially reaching $40–$50 by early summer. He argues that silver remains significantly undervalued, citing the historically high gold/silver ratio, currently above 100, compared to natural and production ratios closer to 10:1 or 7:1. He notes that silver recently showed independent strength—an encouraging sign of shifting market momentum. Grummes also sees massive upside in undervalued mining stocks and emphasizes that retail investor participation is still low, indicating the precious metals market has plenty of room to run. He believes that once momentum builds in silver, it could push past $50 and potentially surge toward $90–$100. Watch the podcast

Gold prices down 3% as market fears ease, but the rally is far from over

Gold prices have fallen sharply, dropping over 3% in one day and more than 6% from recent record highs of $3,500, amid eased market fears and significant profit-taking—the largest gold selloff in five years. Analysts attribute this decline to cooling geopolitical tensions, including President Trump's softened stance on China and reaffirmed support for Fed Chair Jerome Powell. Despite the correction, gold remains up significantly—over 25% year-to-date and 41% over the past 12 months—indicating that the long-term bullish trend is still intact. Analysts like Fawad Razaqzada and David Morrison stress that unless key support levels like $2,956 or $3,000 are breached, this pullback should be seen as a healthy correction rather than a trend reversal.

While short-term technical indicators suggest gold is overbought and may need a deeper reset, analysts remain optimistic about the metal's outlook due to strong fundamental drivers. Central bank purchases, especially from BRICS nations and emerging markets, continue to underpin long-term demand, with over 1,000 metric tons acquired annually in both 2023 and 2024. David Miller of Catalyst Funds highlights that these strategic shifts away from the U.S. dollar toward gold as a reserve asset are more impactful than temporary investor sentiment. Although recession fears have subsided slightly, the broader economic uncertainty and evolving global financial landscape are expected to keep gold well-supported, even if short-term volatility persists. Source

Has gold peaked? Prices may be overbought, but the precious metal is still under-owned, says TD Securities

Gold prices experienced a sharp pullback after reaching an all-time high above $3,500 an ounce, with some analysts suggesting that the rally may be running out of steam in the short term. Bart Melek from TD Securities noted that while gold has become "overbought" on some technical levels due to its parabolic rise above $3,400, the precious metal remains significantly under-owned by investors. Melek emphasized that gold’s inflation-adjusted highs from the 1970s suggest that its price could go much higher, potentially targeting around $3,544. Despite recent volatility, gold’s long-term outlook remains positive, driven by strong demand from central banks and limited investor participation in the market.

Melek pointed out that while commodity trading advisors (CTA) have been heavily long on gold futures, potentially creating short-term profit-taking pressure, other investors, particularly discretionary traders, have not yet fully embraced gold. He believes that once the Federal Reserve begins to cut rates in response to weaker economic growth, new demand for gold will emerge. Although inflation remains a concern, Melek sees gold as a safe-haven asset, especially amid growing doubts about the U.S. dollar’s role as the dominant reserve currency. He also highlighted that gold-backed exchange-traded funds (ETFs) are experiencing increasing investment demand, particularly in China, and expects central banks to continue purchasing gold as they seek to diversify away from the U.S. dollar amid geopolitical uncertainties. Source

U.S. policies, global instability are driving central banks to gold, views on the dollar are divided – HSBC

According to HSBC's annual Reserve Management Trends report, U.S. trade policies, particularly protectionist measures like tariffs, have emerged as the most significant risk to global central banks, overshadowing other concerns. The report highlights that 44% of central banks see these U.S. policies as their primary worry, leading to a noticeable shift in how they manage reserves. Central banks are increasingly integrating geopolitical risks into their strategies, with 73% considering these factors in their asset allocation decisions. This heightened uncertainty has prompted more than half of central banks to intervene in foreign exchange markets, with many planning to increase their reserves in both foreign currencies and gold, recognizing the importance of diversifying portfolios and using reserves as a buffer against potential market fluctuations.

While de-dollarization efforts are gaining traction, especially among BRICS nations, the overall sentiment regarding the U.S. dollar remains divided. Some central banks are increasing their dollar holdings due to the U.S.'s stronger economic performance, while others are looking for alternatives to reduce their reliance on the dollar in the long run. Gold, however, is viewed positively by many central banks, with 37% planning to increase their gold reserves in the coming year. Despite the rising price of gold, it remains an attractive diversifier, store of value, and safe-haven asset. Central banks are also becoming more open to diversifying their reserve assets across different asset classes, as they navigate an increasingly volatile global economic and political environment. Source

Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.

Featured Image – Source: Unsplash

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Today's Gold and Silver News: 22-04-2025

Wall Street experts and Main Street investors grow more cautious with gold above $3,300/oz but still bullish on balance

Gold prices saw significant volatility this week, reaching new heights above $3,300 per ounce due to escalating trade tensions and a potential shift in U.S. Federal Reserve policy. Spot gold began the week at $3,180, but after some consolidation, it surged past $3,290 during the Asian session, eventually peaking at an all-time high of nearly $3,360 per ounce following critical comments from Fed Chairman Jerome Powell. Despite a brief pullback, gold maintained its strong position above $3,200 as markets continued to digest ongoing global uncertainties, including the effects of trade tariffs and the Fed's stance on inflation.

Although there is still a bullish sentiment surrounding gold, both Wall Street experts and Main Street investors have become more cautious at these elevated price levels. A significant number of analysts expect gold prices to continue rising, with some targeting prices around $3,500, while others anticipate potential profit-taking and consolidation. Experts point to a broad flight to safety amid volatile markets and global political tensions, with gold seen as a secure asset. While the market may experience some short-term pullbacks, many analysts remain confident that the underlying macroeconomic conditions will continue to support gold's upward trajectory in the near term. Source

Gold SWOT: Goldman sees gold topping $4,000 an ounce by mid-2026

Gold prices have surged in recent months, driven by factors like escalating Sino-U.S. trade tensions and the broader uncertainty in global markets. Gold reached a record high on April 16, with the precious metal rallying by over 20% this year amid fears of a global slowdown and reduced confidence in traditionally safe U.S. assets. As trade tensions rise, particularly between the U.S. and China, gold trading volumes have spiked in markets like the Shanghai Futures Exchange. Meanwhile, major financial institutions such as Goldman Sachs and UBS have issued bullish predictions for gold, forecasting prices to reach as high as $4,000 per ounce by mid-2026. These projections are underpinned by strong central bank demand and gold’s role as a hedge against geopolitical and recessionary risks.

Despite the optimism around gold, the market faces some challenges, including disruptions in mining operations and political instability. Notably, Ghana has asked Gold Fields to cease operations at its Damang mine due to a lease expiration, and the government has implemented a shift in mining policies that may negatively affect foreign companies. Additionally, there have been disruptions in Mali and Niger, where rising tensions and regional insecurity threaten mining operations in key gold-producing areas. While gold remains a favourable investment amid global uncertainties, these geopolitical risks pose potential threats to the stability of supply and the broader mining sector. Source

Impending gold correction could be final buying window

Gold has experienced a significant rally, gaining almost 60% since March 2024 and 85% over the past 18 months, driven by a natural bull market. However, like any bull market, corrections are inevitable. Analysing the quarterly RSI (Relative Strength Index) provides insight into how overbought gold is in a historical context, and current levels suggest it may be nearing a peak similar to previous significant breakouts, such as in 1973 and 2006. Despite these indicators, the bull market is still in its early stages, especially when considering the performance of gold against traditional stock and bond portfolios. A breakout against the 60/40 portfolio was only seen last month, signalling that capital flows into gold and precious metals are just beginning, not nearing a top.

While some analysts expect a correction, evidence suggests gold is in the early innings of a much longer and larger move. Historically, after major breakouts, gold often retests its 200-day moving average, which is currently around $2,700 per ounce, potentially reaching $3,000 by mid-2025. This aligns with comparisons to the 1970s bull market in gold, which was driven by similar economic and geopolitical conditions. The ongoing rotation of capital into gold, coupled with low investor allocations, suggests that gold is far from reaching a peak, and the upcoming correction might represent the final opportunity to buy quality junior gold and silver companies before prices rise significantly. Source

Trump-Powell showdown puts Fed’s independence, dollar’s stability at risk – Newsom

The ongoing tension between President Donald Trump and Federal Reserve Chairman Jerome Powell has sparked concerns about the independence of the U.S. central bank and the stability of the U.S. dollar. Powell's recent remarks underscored the Fed's determination to remain independent from political influence, particularly in light of Trump's criticism of the Fed's interest rate policies. Powell made it clear that the central bank would not succumb to political pressure to cut rates amid rising inflation and a weakening dollar. This confrontation highlights a broader crisis of confidence in the U.S. economy, with global markets reacting by shifting investments away from the dollar and into assets like gold and Bitcoin.

Darin Newsom, a senior market analyst, emphasized that Powell's recent statements signalled a significant departure from his previous cautious stance, suggesting he is prepared to defend the Fed's independence. The escalating tension between the executive branch and the central bank has created uncertainty, with potential legal battles looming if Trump attempts to replace Powell or influence the Fed’s decisions. Meanwhile, global investors appear to be losing faith in the U.S. as evidenced by the decline of the dollar and the rise of gold and Bitcoin as safe-haven assets. Newsom believes this shift in investor sentiment signals a growing lack of confidence in U.S. economic leadership, with gold continuing to rally as a trusted store of value. Source

Strong safe-haven demand drives gold to record high

Gold prices surged to a record high of $3,442.30 amid a strong demand for safe-haven assets driven by heightened risk aversion in the markets. This demand was further fuelled by a significant downturn in U.S. stock markets and growing tensions between the U.S. and China, with fears of a "Cold War" escalating. President Trump's pressure on Federal Reserve Chairman Jerome Powell to lower U.S. interest rates also added to the market anxiety. As a result, gold saw substantial gains, with June futures rising by $98 to $3,426.40. While gold's bull market is showing signs of maturity, experts caution that a near-term market top could be approaching, though current buying momentum remains strong.

Silver also benefited from the market's risk aversion, with May silver prices rising to $32.63. Gold's technical outlook remains strong, with bulls aiming to push prices above $3,500, while bears would need to push prices below $3,250 to gain control. Similarly, silver bulls are targeting $34.00 as the next resistance level. The U.S. dollar index fell sharply, hitting a three-year low, and crude oil prices also dropped. Despite the potential for a market top, both gold and silver continue to show solid technical advantages in the near term, with significant support levels remaining in place for both metals. Source

Consumers rush to sell their jewelry as gold prices top $3,400 – House of Kahn Estate Jewelers

As gold prices soar past $3,400 an ounce, a significant rush of consumers is coming in to sell their unwanted or damaged jewelry, seizing the opportunity to cash in on the high prices. Tobina Kahn, President of House of Kahn Estate Jewelers, reports a dramatic shift in consumer behaviour, with many now eager to sell what was once considered priceless, including family heirlooms. While some hesitated when gold was priced below $3,000, the current surge in gold's value has prompted people to let go of sentimental items to pay down debts, particularly as the rise in gold is compensating for losses in other financial areas, such as retirement funds affected by falling equity prices.

Despite potential volatility, Kahn expects gold sales to remain elevated in the near future, as the uncertain economic environment continues to make gold a safe haven. She also anticipates that even if trade issues are resolved and the global economy stabilizes, the current uncertainty will persist, keeping gold in the spotlight. Kahn predicts that gold's appeal will only grow as the Federal Reserve lowers interest rates, making the precious metal more attractive. She believes that once the market stabilizes, more buyers will enter the market, recognizing the utility and stability of owning gold in these unpredictable times. Source

Gold surges past $3,400 as investors flee U.S. assets

Gold prices have surged past $3,400 an ounce as investors flock to the precious metal amid weakening demand for traditional safe-haven assets such as the U.S. dollar and Treasury bonds. The rally, which began in Asia on Monday, has seen gold break through key technical resistance levels, with spot gold hitting a new all-time high of $3,413.84 per ounce. This marks the third 3% gain in gold's price this month, driven by escalating geopolitical tensions, the ongoing U.S.-China trade war, and growing investor concerns over U.S. economic policies. Additionally, the weaker U.S. dollar and elevated bond yields are contributing factors to the bullish momentum in gold.

Analysts attribute gold's rise to eroding faith in the U.S. due to the trade conflict and concerns over potential instability in U.S. policymaking, particularly following President Trump's comments about firing Federal Reserve Chair Jerome Powell. As global confidence in U.S. policymakers diminishes, gold has emerged as a preferred safe haven, with investment demand surging, as seen with the SPDR Gold Shares (GLD) reaching over $100 billion in assets under management. With continued geopolitical uncertainty and expectations that the Federal Reserve will lower interest rates, many analysts predict gold's upward momentum may push prices as high as $3,500 per ounce in the near future. Source

Massive gains in gold takes the precious yellow metal above $3,400

Image Source: Kitco News

Gold prices have reached an all-time high, surpassing $3,400 per ounce, driven by market turbulence and increasing criticism of Federal Reserve policies from President Donald Trump. The June gold contract surged by $92.20 (2.8%) on Monday, settling at $3,434 per ounce. Over the past nine trading days, gold has gained more than $400, with the majority of the rally attributed to heightened buying pressure and a weaker U.S. dollar. The U.S. dollar index fell by 1.02%, adding to the gold price surge, while investors flocked to safe-haven assets like gold and the Swiss franc amid rising market uncertainty and a significant decline in U.S. stock indices.

Trump's continued verbal attacks on Federal Reserve Chairman Jerome Powell have further fueled the rally. The president reiterated his stance that the U.S. economy could slow unless interest rates are lowered immediately, criticizing Powell for not taking more aggressive action. These comments, which contrast with Powell's more cautious approach, have increased political tension and contributed to economic uncertainty, reinforcing gold's appeal as a safe-haven asset. As the uncertainty surrounding U.S. economic policy and global trade relations persists, gold's historic surge highlights its growing role in the market as a protective investment. Source

Live From The Vault – Episode: 219. $4,500 Gold Price! When? Why? How?

In this week’s Live from the Vault, Andrew Maguire raises the stakes on his 2025 gold projections, lifting the target to $4,500 per ounce, as China ramps up physical gold acquisition across state banks, pension funds and insurance firms.

With Chinese directives set to absorb up to 40% of global supply, bullion banks and major institutions are rushing to revise their forecasts, while BRICS-led de-dollarisation cements gold as the foundation of a rising global trade system.

Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.

Featured Image – Source: Unsplash

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