Trump just now checking the gold inventory at Fort Knox for some reason

 

Trump says his administration will check Fort Knox ‘to make sure the gold is there’

 

“We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” Trump said Wednesday on Air Force One.

 

 

 

Gold makes tenth record high of 2025: $2,954.69

 CNBC here.

Gold prices soared to another record high Tuesday

 

 $2,942.70

-- CNBC

Meanwhile, there is real money: $2,905.98 the ounce, the seventh record gold price this year

gold content: about $542 at today's high

Gold prices jumped more than 1% on Monday to hit a record high, as safe-haven demand surged on fears of a global trade war after U.S. President Donald Trump announced new tariff plans.

Spot gold was up 1.3% to $2,897.99 per ounce after hitting a record high of $2,905.98 earlier in the session — its seventh record this year.

U.S. gold futures rose 1.2% to $2,923.1.

“The precious metal is set to retain its upward bias, as long as President Trump’s policy threats continue to stoke fear and uncertainty through global financial markets,” said Exinity Group chief market analyst Han Tan.

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PM Update:

Spot gold surged 1.5% to $2,903.53 per ounce after hitting a record high of $2,911.30 earlier in the session.

Mad King Ludwig bans the penny

 

Congress has the exclusive power to coin money and regulate its value, not the president, according to the US Constitution.

But since all coin and currency is worthless, thanks to Congress, does it really matter anymore?

The thieving Roman emperors infamously diluted the value of coinage from time to time by reducing the amount of gold and silver contained in the coins. 

Since we had real money once upon a time, our founders didn't want one man potentially messing with the money, so they put Congress in charge, because they really did think a president could become a tyrant.

But our perfect, holy founders who supposedly thought of everything never anticipated that the Congress itself would become the thieving bastards, the naifs.

The 1913 dollar is now worth three measly cents, but even that Mad King Ludwig will now take away.

If we were a free people, we wouldn't put up with this.

The principle remains, even if the circumstances have changed.

 Trump takes aim at ‘wasteful’ government spending by ordering end to penny production

But at least one analyst on Wall Street expects that the penny’s days are numbered. TD Cowen’s Jaret Seiberg said the halt will [be] likely to pass judicial review, leading to a shortage in the coin.

“We believe this order would survive judicial review, which is why this is likely to occur,” Seiberg wrote on Monday. “We worry about this leading to a shortage of pennies, which could force merchants to pay banks more for coins. It also adds legal risk for merchants and banks. That could create the crisis needed to force Congress to act.”

 

Gold prices continued their record run on Wednesday

 

... Spot gold was up 0.8% at $2,865.61 per ounce by 01:59 p.m. ET (1859 GMT), after hitting a record high of $2,882.16 earlier in the session. ... Spot silver rose 0.8% to $32.36 per ounce . . ..

-- CNBC

Gold hits record high as investors flock to safe-haven amid tariff war

 Spot gold gained 1.1% to $2,843.06 per ounce after hitting a record high of $2,845.14 earlier in the session. ... Spot silver rose 1.9% to $32.15 per ounce.

-- CNBC

Gold hits record high as Trump tariffs spur safe-haven buying

  Spot gold rose 0.6% to $2,816.53 per ounce by 09:38 a.m. ET, after hitting a record of $2,818.58 earlier in the session.     

More.

Later in the day gold hit $2,830.49.

Gold hits new record high of $2,800.99, climbs as high as $2,817.23 before the close

 

Gold prices scaled an all-time high on Friday, briefly touching the $2,800 mark, as market participants rushed to the safe-haven asset after U.S. President Donald Trump reiterated his tariff threats.

Spot gold steadied at $2,795.52 per ounce, after hitting a record peak of $2,800.99 earlier in the session. Prices rose more than 6% for the month and 1% for the week.

U.S. gold futures were little changed at $2,820.10.

More. 

PM Update:

Gold prices surpassed the key $2,800 mark for the first time ever on Friday, fuelled by a rush to safety on U.S. President Donald Trump’s tariff threats, which heightened concerns about global economic growth and inflationary pressures.

Spot gold rose 0.6% to $2,810.55 per ounce, after hitting a record high of $2,817.23 earlier in the session.

U.S. gold futures were little changed at $2,822.90, trading at a premium to spot gold rates.

Gold up to $2,759.83, close to record peak $2,790.15

 Spot gold added 0.6% to $2,759.83 per ounce as of 0941 GMT. The price hit its highest since Nov. 1 earlier in the session and is close to its record peak of $2,790.15 hit in October.

More.

Gold hits two-month high

There's funny money like $Trump and $Melania, and then there's the real thing. 

Spot gold climbed 0.7% to $2,726.75 per ounce, reaching its highest level since Nov. 6 and nearing the all-time high of $2,790.15 set in October.

More.

The case for gold gets stronger in a world of global fiscal misbehavior led by the United States under Trump

 “If every country is looking equally irresponsible, then the chances of [a US budget crisis] happening are slim, certainly on a sustainable basis. But when all the countries are experiencing high debt ratios and high deficits, then it′s less likely because in effect there is nowhere to run, with the possible exception of physical assets like gold.” ...

“It would take another country, another region like the euro area supplanting the U.S. with regard to fiscal responsibility. That’s tough to see happening,” he added.

More.

Gold hit new record $2,790.15 this week before closing at $2,736.28 today

 

Spot gold fell 0.2% to $2,736.28 per ounce. Prices fell 1.5% on Thursday as some traders took profit after bullion hit a record high of $2,790.15.

More. 

New record for gold: $2,789.73

 

Gold prices rose to a record high on Wednesday as uncertainty over the U.S. presidential election boosted safe-haven demand, with traders also awaiting economic data for cues on the Federal Reserve’s policy path.

Spot gold rose 0.5% to $2,788.89 per ounce after reaching an all-time high of $2,789.73 earlier in the session. U.S. gold futures gained 0.7% to $2,799.90.

Story.

Gold and silver and yields, oh my

 

Prime Rib and Pork Chops and Scampi, Oh My

Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war.

Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT) after hitting a record high of $2,758.37 earlier in the session.

U.S. gold futures fell 0.9% to $2,734.60. ...

Spot silver fell 3.1% to $33.74 per ounce after hitting its highest price since late 2012 at $34.87 on Tuesday.

More.

New gold high $2,744.08

 Spot gold rose 0.7% to $2,739.81 per ounce after hitting a record $2,744.08 earlier in the session. U.S. gold futures gained 0.6% to $2,754.30.

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Gold briefly surged to new high $2,740.37 today

 Spot gold was little changed at $2,723.25 per ounce, as of 1:35 p.m. ET (1735 GMT), after hitting a record $2,740.37 earlier in the session. U.S. gold futures settled 0.3% higher at $2,738.9. ... Spot silver was steady at $33.66 per ounce, after hitting its highest since late-2012 earlier in the session.

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Gold new all time high: $2,714.00 per ounce (updated to $2,720.05)

 Gold raced past the $2,700 mark for the first time on Friday . . .. Spot gold rose 0.7% to $2,711.75 per ounce, having hit an all-time high of $2,714.00 earlier in the session. Bullion has gained over 2% so far this week. U.S. gold futures gained 0.7% to $2,726.90.

More. 

Updated:

Spot gold was up 1% at $2,720.05 per ounce by 02:58 p.m. ET (1858 GMT) and has risen 2.4% so far this week. 

U.S. gold futures settled 0.8% higher to $2,730.

Gold rises to $2695.39 per ounce, another new high

 Gold hits record highs on US election uncertainty, more policy easing

Gold prices hit record highs on Thursday as uncertainty surrounding the U.S. presidential elections and the war in the Middle East prompted investors to seek out the safe-haven asset, while easing monetary policy environment kept prices elevated.

Spot gold last rose 0.83% to $2,695.39 per ounce. U.S. gold futures gained 0.75% to $2,711.40.

Gold has seen a surge of over 30% this year, surpassing record levels, driven by prospects of further Federal Reserve rate cuts after a half percentage point rate cut last month and ongoing geopolitical uncertainties.

Gold hits record high of $2,685.42, drags silver up to $32.71

 Silver rose to its highest level in nearly 12 years on Thursday, riding the coattails of gold’s rally to record peaks on interest rate cuts by major central banks.

Spot silver was 0.7% up at $32.06 per ounce, having hit $32.71 earlier in the day, its highest since December 2012. ...

Silver, which serves as both a safe-haven investment and a key material in industrial applications, has rallied more than 36% so far this year. ...

Spot gold, meanwhile, was up 0.6% at $2,673.06 per ounce, having hit a record high of $2,685.42 earlier in the day. U.S. gold futures for December delivery rose 0.4% to $2,695.8.

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