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1 week ago | 
spokesman.com | Jack Ryan |Jason Scott
Gold fluctuated as investors tracked hostilities in the Middle East, with Donald Trump playing down the prospects of a ceasefire between Israel and Iran. Bullion traded near $3,390 an ounce in a choppy session. Asked aboard Air Force One what would be better than a ceasefire, Trump said: “An end. A real end.” The US president continued to hammer the idea that Tehran is at fault for not having reached a deal that would have prevented Israel’s attacks.
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2 weeks ago | 
bloomberg.com | Sybilla Gross |Jack Ryan
One kilogram gold bars at the ABC Refinery smelter, operated by Pallion, in Sydney, Australia, on Thursday, April 17, 2025. Gold paused its record-breaking rally amid optimism over US-Japan trade talks, after bullion earlier reached another all-time high.
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2 weeks ago | 
bloomberg.com | Jack Ryan |William Shaw
Gold granules are poured into molds for gold bars. (Bloomberg) -- Precious metals traders at top banks including JPMorgan Chase & Co. and Morgan Stanley posted their best performance in five years in the first quarter, in part thanks to an arbitrage opportunity that sparked a rush of bullion into the US. Twelve leading banks together made $500 million in revenue from precious metals in the first quarter of 2025, the second highest figure in a decade of data compiled by Crisil Coalition Greenwich.
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3 weeks ago | 
bloomberg.com | Sybilla Gross |Jack Ryan
A one kilogram silver bar. Photographer: Akos Stiller/Bloomberg(Bloomberg) -- Silver extended gains to 13-year highs and platinum reached the highest since early 2022, signaling growing investor appetite for precious metals used in key industries. Spot prices for both metals continued to rally on Friday after spikes of more than 4% in the previous session.
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3 weeks ago | 
bloomberg.com | Jack Ryan |Sybilla Gross
An employee arranges gold bars at the Italpreziosi SpA precious metals refinery plant in Arezzo, Italy, on Tuesday, May 6, 2025. Gold fell, snapping a two-day advance, as signs of progress on US-China trade talks curbed demand for havens even as military hostilities between India and Pakistan escalated. Photographer: Alessia Pierdomenico/Bloomberg(Bloomberg) -- Gold dipped as the dollar recovered ahead of US labor data later this week that will help steer the Federal Reserve’s monetary policy.
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3 weeks ago | 
bloomberg.com | Jack Ryan |Sybilla Gross
Tensions are restoring some of gold’s haven appeal, which has ebbed somewhat since it hit a record high above $3,500 an ounce in April. Photographer: Guenter Schiffmann/Bloomberg(Bloomberg) -- Gold surged on revived demand for safer assets as the US and China traded accusations, while a dramatic series of attacks clouded the prospects of peace between Russia and Ukraine.
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1 month ago | 
bloomberg.com | Sybilla Gross |Jack Ryan
(Bloomberg) -- Gold extended declines as the dollar swung to a gain and demand for haven assets cooled, with investors also weighing prospects for improving trade relations between the US and the European Union. Bullion fell as signs that Japan may be prepared to adjust debt issuance pushed global bonds and the US currency higher. A stronger greenback makes gold more expensive for buyers in other currencies, while lower debt yields reduce the appeal of the non-interest bearing precious metal.
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1 month ago | 
news.bloombergtax.com | Yihui Xie |Jack Ryan
Goldrose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits. Moody’s blamed successive administrations and Congress for swelling budget deficits that it said show little sign of abating. And there’s concern the situation could get worse, with Republican lawmakers discussing a tax and spending package from US President Donald Trump that critics say would add trillions more to the federal debt over the coming decade.
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1 month ago | 
news.bloomberglaw.com | Yihui Xie |Jack Ryan
Goldrose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits. Moody’s blamed successive administrations and Congress for swelling budget deficits that it said show little sign of abating. And there’s concern the situation could get worse, with Republican lawmakers discussing a tax and spending package from US President Donald Trump that critics say would add trillions more to the federal debt over the coming decade.
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1 month ago | 
bloomberg.com | Yihui Xie |Jack Ryan
Gold bars. Photographer: Alessia Pierdomenico/Bloomberg(Bloomberg) -- Gold rose as the dollar tumbled after Moody’s Ratings stripped the US of its last top credit rating due to ballooning debt and deficits. Moody’s blamed successive administrations and Congress for swelling budget deficits that it said show little sign of abating.
