President Trump announced he has narrowed down his list to “three or four” candidates to replace Federal Reserve Chair Jerome Powell when his term expires in May 2026. Speaking at a NATO summit press conference, Trump called Powell “terrible” and expressed eagerness for his departure. Despite previous speculation about firing Powell early, Trump has stated he has “no intention” of doing so, though he continues to hint at the possibility. The two remain at odds over interest rate policy, with Powell recently suggesting rates will stay steady to combat potential inflation from Trump’s tariffs. The post Trump Reveals Short List for Next Fed Chief While Blasting Powell appeared first on GoldSilver.

Bullion vs numismatic coins: Learn the key differences in choosing the best option for investing in precious metals with confidence. The post Bullion vs Numismatic Coins: Which Should You Choose?  appeared first on GoldSilver.

Germany and Italy are under pressure to bring home $245 billion worth of gold currently stored in US Federal Reserve vaults. European politicians and taxpayer groups worry that President Trump’s criticism of the Federal Reserve could threaten their gold’s safety. Germany has about 1,200 tonnes (one-third of its reserves) in New York, while Italy stores 43% of its gold there. Critics argue that keeping gold in America under the current political climate poses unnecessary risks to European financial sovereignty. The post Trump’s Fed Criticism Sparks European Fears Over $245 Billion in US-Stored Gold appeared first on GoldSilver.

Platinum hit $1,400.75 per ounce—its highest price in over 10 years—driven by supply shortages and speculative buying. The London and Zurich markets are extremely tight, with borrowing costs spiking to 13% annually (versus near-zero normally). Chinese investors and jewelry buyers are fueling demand, while palladium rose 5% alongside platinum since both metals can substitute for each other in automotive catalysts. The post Platinum Soars Past $1,400 as Supply Squeeze Grips Global Markets appeared first on GoldSilver.

New applications for unemployment benefits fell to their lowest level in six weeks, providing reassurance that the U.S. job market remains stable despite economic headwinds. The drop of 10,000 claims to 227,000 suggests employers are reluctant to cut staff, even as trade wars create uncertainty. The decline was widespread, with 38 states reporting fewer claims, particularly those that had seen spikes after schools let out for summer. However, there are some concerns: the number of people receiving ongoing benefits reached 1.97 million, the highest since late 2021, indicating job seekers are taking longer to find work. While economists expect slower The post Labor Market Shows Resilience: Jobless Filings Hit Six-Week Low appeared first on GoldSilver.

US markets showed mixed reactions Thursday as stocks and bonds rose while the dollar weakened. The moves came after disappointing economic data showed the trade deficit widening unexpectedly and first-quarter GDP contracting by 0.5%. Adding to market volatility, reports emerged that President Trump is considering naming a new Federal Reserve Chair months before Jerome Powell’s term ends, potentially as early as September or October. The post Dollar Plunges to 2022 Lows as Trump Considers Early Fed Chair Replacement appeared first on GoldSilver.

Goldman Sachs’ Richard Chambers predicts the dollar will continue to weaken as foreign investors increase their currency hedges due to market volatility. The Bloomberg Dollar Index has fallen over 8% this year—its worst start ever—amid policy uncertainty. Chambers expects reduced foreign demand for US bonds as European investors focus on their home markets, forcing the US to rely more on domestic buyers. Meanwhile, gold emerges as a key beneficiary as governments worldwide increase borrowing. The post Dollar Set for Further Decline as Foreign Investors Boost Currency Protection appeared first on GoldSilver.