Profit-taking price pressure on precious metals as U.S. rate cut looms
(Kitco News) - Gold and silver prices are solidly lower in early U.S. trading Wednesday, on profit taking from the shorter-term futures traders after gold hit a record high and silver a 14-year high on Tuesday.
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Gold could take over the dollar’s store-of-value role as fiscal dominance overwhelms the Fed – Sprott’s Paul Wong(Kitco News) – As the Trump administration continues to attack the independence of the U.S. Federal Reserve, and as tariff-driven inflation works its way through the U.S. economy, financial markets are showing signs that they believe the stagflation threat is real – a development that could usher in a new era of fiscal dominance that sees gold replace the greenback as the premiere store of value, according to Paul Wong, market strategist at Sprott Asset Management.
