Silver continued to exhibit strong fundamentals on December 19, 2025, with prices continuing to approach or even break record highs due to strong global demand and relatively tight supply. Silver has strengthened sharply throughout 2025, far outperforming gold in price performance, due to numerous driving factors from both the industrial and investment sectors. Reuters One of the main reasons for the strong fundamentals is the ongoing structural deficit: global demand for silver—particularly from industrial sectors such as solar panels, electric vehicles, electronics, and other green...
President Donald Trump said he is considering a lawsuit against Federal Reserve Chairman Jerome Powell over the renovation of the central bank's headquarters, a project whose cost overruns have been investigated. In a social media post on Tuesday, Trump again criticized the Fed Chairman for the central bank's decision to keep interest rates steady and repeated his criticism of Powell over the renovation work. "The damage he's done by being late is incalculable. Fortunately, the economy is doing so well that we've moved past Powell and the complacent Board," Trump said. "However, I am...
US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad. According to Bessent, the US Supreme Court will be swayed on tariff rulings based on how much estimated government revenue they generate, that US President Donald Trump and Chinese President Xi Xinping share a "good relationship", and that the Federal Reserve (Fed) should think about delivering a double interest rate cut on September 17. The Fed should think about a 50 basis point cut in interest rates in September.Fed could have cut in June if...
Increasing revenues flowing into U.S. government coffers from tariffs would make it difficult for the Supreme Court to rule against the Trump administration on the issue if a lower court case makes its way to country's top court, U.S. Treasury Secretary Scott Bessent said on Tuesday. The more money coming in, it gets harder and harder for SCOTUS to rule against us," Bessent said in an interview on Fox Business Network's "Kudlow." Bessent was responding to a question about a case currently in front of the U.S. Court of Appeals for the Federal Circuit in Washington, D.C., which challenges...
U.S. trade officials plan to meet with their Chinese counterparts within the next two or three months to discuss the future of economic relations between the two countries, Treasury Secretary Scott Bessent said Tuesday. The announcement comes a day after the Trump administration extended a 90-day pause on implementing higher U.S. tariffs on Chinese imports. Speaking in an interview on Fox Business Network's "Kudlow," Bessent indicated that any potential reduction in tariffs on China would require substantial progress on addressing fentanyl flows. "The U.S. will need to see months, if not...
Core consumer prices in the US, which exclude food and energy, rose by 0.3% from the previous month in July of 2025, picking up from the 0.2% increase in the previous month for the sharpest increase since January. The result was in line with the median consensus from markets. Prices accelerated for transportation services (0.8% vs 0.2% in June), medical care services (0.8% vs 0.6%), and rebounded sharply for new vehicles (0.5% vs -0.7%). Source: Trading Economics
The very data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics because he did not like the July employment report, calling it "rigged," is being taken as serious evidence by Federal Reserve officials of a slowing economy and as a justification for the interest rate cuts Trump wants. "The latest employment report confirmed some of the signs of fragility and reduced dynamism in the labor market," Fed Governor Michelle Bowman, a Trump appointee, said in a Saturday speech that elaborated on how the latest jobs numbers and revisions to prior months' data...
US President Donald Trump announced Monday that he is nominating economist E.J. Antoni as the new commissioner of the Bureau of Labor Statistics, 10 days after firing the previous head following weak labor market results, accusing Antoni of manipulating the figures without evidence. Antoni currently serves as chief economist at the influential conservative think tank, the Heritage Foundation. He has criticized the BLS, the Labor Department's statistical arm, whose monthly data on labor market conditions and inflation is consumed by a global audience of economists, investors, business...
On April 6, the Sunday after Donald Trump announced the "Liberation Day" tariffs, Treasury Secretary Scott Bessent joined the president on his flight back to Washington from Mar-a-Lago. Bessent wanted to discuss damage control. At the time, photos of Trump in the Rose Garden waving a placard proclaiming tariffs as high as 49% had spooked investors worldwide, triggering the biggest two-day stock selloff since the pandemic. "We are in the process of destroying confidence in our country as a trading partner, as a place to do business, and as a market for capital investment," billionaire...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....