The US dollar weakened against major currencies on Monday as investors became more optimistic about potential trade deals between the United States and other countries. This optimism increased expectations that the Federal Reserve will cut interest rates sooner, with markets now pricing in a 93.3% chance of a rate cut by September. The dollar fell to multi-year lows against the euro, British pound, and Swiss franc after the White House made progress on trade negotiations with China and Canada. The post Markets Bet on Fed Rate Cuts as Dollar Weakens Amid Trade Optimism appeared first on GoldSilver.

Australian researchers have created a toxin-free method to extract gold from ore and e-waste. The breakthrough uses a safe water treatment compound activated by saltwater to dissolve gold, which is then captured by a reusable polymer. This eliminates the need for deadly chemicals like cyanide and mercury that have long poisoned water sources and threatened health, revolutionizing sustainable mining. The post Australian Scientists Crack the Code: Safe Gold Extraction Without Toxic Chemicals appeared first on GoldSilver.

Gold posted modest gains on Monday, climbing 0.3% to $3,284.98 per ounce, breaking a two-week losing streak. The precious metal benefited from a 0.2% decline in the US dollar as markets closely watch two key developments: ongoing Senate negotiations over President Trump’s massive $4.5 trillion tax bill and trade talks with multiple nations. The tax package faces resistance from fiscal conservatives concerned about ballooning deficits, with voting expected to extend into Monday. On the trade front, uncertainty remains high with just 10 days until Trump’s country-specific tariffs resume on July 9. While White House advisers suggest progress on several trade The post Precious Metal Rises 0.3% as Dollar Weakens, Tax and Trade Uncertainty Grows appeared first on GoldSilver.

Gold prices rose 0.4% to $3,287.29 per ounce on Monday, supported by a weakening U.S. dollar that hit its lowest level in over three years. The precious metal has gained 5.3% this quarter as investors anticipate Federal Reserve rate cuts beginning in September. Markets are closely watching upcoming U.S. jobs data, including Wednesday’s ADP report and Thursday’s non-farm payrolls, which could influence the Fed’s decisions on interest rates. President Trump’s recent comments about preferring Fed leadership that supports lower rates have also contributed to gold’s strength. The post Gold Climbs Above $3,280 as Dollar Hits 3-Year Low Ahead of Key Jobs Data appeared first on GoldSilver.

US consumer sentiment jumped to a 4-month high of 60.7 in June, marking the largest monthly increase since early 2024. The improvement was driven by better inflation expectations, with consumers now expecting prices to rise 5% over the next year (down from 6.6% in May). Long-term inflation expectations also fell to 4%. Despite the gains, sentiment remains below year-start levels, and 57% of consumers still expect unemployment to rise. The survey suggests consumers feel their worst economic fears may not materialize, though concerns about tariffs and their potential impact on prices and employment persist. The post Consumer Confidence Surges to 4-Month Peak as Inflation Fears Ease appeared first on GoldSilver.

The world’s top central bankers from the US, Europe, Britain, Japan, and South Korea will meet in Sintra, Portugal next week to discuss global economic issues. While inflation appears controlled in most countries, the bigger concern is whether President Trump’s protectionist policies could threaten the US dollar’s 80-year dominance in global finance. Fed Chair Jerome Powell faces particular scrutiny as he resists Trump’s pressure to cut interest rates, with fears that any threat to the Fed’s independence could weaken the dollar’s status as the world’s preferred currency. The post Central Bankers Gather in Portugal Amid Fears for Dollar’s Global Dominance appeared first on GoldSilver.

The World Gold Council (WGC) is launching a major digital initiative to transform the gold market. CEO David Tait revealed that 50% of people don’t trust gold and 60% don’t understand how to invest in it safely. To address these issues, the WGC is partnering with the London Bullion Market Association to create a blockchain-based database that tracks gold from mine to market. This “Gold Bar Integrity” system will ensure gold is responsibly sourced and refined, making the market more transparent and trustworthy. The goal is to standardize the fragmented global gold market and make it more attractive to investors. The post Gold Goes Digital: World Gold Council Launches Blockchain Initiative appeared first on GoldSilver.