On Friday, Russia’s central bank slashed its benchmark rate from 20% to 18%, matching economists’ expectations and marking its biggest cut in over three years. The move follows signs that consumer prices are cooling—CPI even dipped 0.05% week-on-week—and annual inflation has eased from a 10.3% peak in March to 9.17%. Having hiked aggressively since mid-2023 to curb overheating from surging military spending, the bank now projects 2025 inflation at 6–7% and maintains its 2024–25 GDP growth outlook of 1–2%. While businesses and Deputy PM Marat Khusnullin have pushed for steeper cuts—some calling for a 400 bps move—Governor Elvira Nabiullina and The post Russia’s Central Bank Delivers 200 bps Rate Cut as Inflation Slows appeared first on GoldSilver.

On Friday, spot gold extended its pullback—testing the $3,341.10 mark, which represents its 50-day moving average—after breaking below the short-term pivot of $3,347.97. Strength in the U.S. dollar and higher Treasury yields, coupled with renewed confidence in risk assets, prompted investors to trim their bullion positions. Technical indicators now point to a potential slide toward $3,310.48 if gold fails to hold the 50-day line, though a rebound above $3,347.97 could stabilize prices. The post Gold Breaks Below 50-Day Average appeared first on GoldSilver.

If you’ve ever watched gold prices in real time, you’ve likely noticed something fascinating — the numbers just don’t sit still. Every 15 seconds or so, the gold spot price refreshes like clockwork, creating a steady rhythm of movement that can feel both hypnotic and confusing. But what’s really behind these constant shifts?  If you want to stay ahead in the precious metals market, you need to grasp why the gold spot price shifts so frequently — it’s knowledge that sets successful investors apart. Let’s break down what drives this rapid-fire price action, and more importantly, what it means for The post Gold Spot Price Explained: Why It Changes Every 15 Seconds appeared first on GoldSilver.

Goldman Sachs and BNP Paribas now expect no further ECB rate cuts in 2025 after the central bank held its deposit rate at 2%. Both banks say the easing cycle is over—BNP even forecasts the next move will be a hike in Q4 2026—citing a resilient Euro-area economy and the likelihood of a U.S.–EU tariff deal. Other lenders, including HSBC and J.P. Morgan, have likewise pushed their first anticipated cut into late 2025 or beyond. The post ECB’s Steady 2% Rate Prompts Banks to Scrap September Cut Forecasts appeared first on GoldSilver.

President Trump toured the Fed’s $2.5 billion renovation site with Chair Jerome Powell, sparring over whether the cost has risen to $3.1 billion (Powell said that figure included a third building completed earlier). Trump used the visit to press for lower interest rates, but Powell defended the Fed’s independence. The renovations—covering the Eccles and East buildings—started in 2022 and are due in 2027, with security upgrades a major driver of cost. The post Trump Tours $2.5 Billion Fed Renovation, Presses Powell on Rates appeared first on GoldSilver.

On Friday, spot gold eased to $3,357.25 an ounce (–0.3%) after U.S. jobless claims fell for the sixth consecutive week—the longest run of declines since 2022—reinforcing views that the Federal Reserve will keep rates unchanged at next week’s meeting. Treasury yields climbed, and swap markets trimmed their rate-cut forecasts to fewer than two this year, with October now seen as the most likely starting point. President Trump’s easing criticism of Fed Chair Powell boosted the dollar, making gold more expensive abroad. Despite this pullback, gold remains up about 25% year-to-date, buoyed by trade-war and geopolitical uncertainty. The post Stronger Jobs Data, Rising Yields Weigh on Gold appeared first on GoldSilver.

Newmont Mining — the world’s largest gold producer — posted adjusted Q2 earnings of $1.43 per share—beating the $1.18 consensus—as soaring gold prices offset an 8% drop in production to 1.48 million ounces. With bullion averaging $3,220/oz (up 12% QoQ and 40% YoY) and realized prices near $3,320/oz, higher revenues more than covered a small rise in all-in-sustaining costs to $1,593/oz. The miner has also trimmed debt by selling non-core assets, and is managing an incident where three workers remain trapped underground at one of its Canadian sites.ada to pay down debt after its blockbuster Newcrest acquisition. The post Gold Prices Cushion Newmont’s Production Dip, Boost Q2 Profit appeared first on GoldSilver.