Mint State Gold

Investing in precious metals has long been considered a reliable strategy to diversify one’s investment portfolio. . . . pankaj@bansal

Gold fell under $1,950 after the Fed released the PCE price index. . . .Barry Stuppler

The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia’s more traditional export routes, Russian customs records show. . . .Peter Hobson

Silver could hit $30 per ounce highs over the next six months to a year, with imminent support seen from buyers eyeing value in the metal after its sharpest price slide in a month since February, Citigroup says.... Barani Krishnan

The balancing act of fighting inflation without triggering distortions on the markets is doomed to failure. The vehemence of the tightening cycle that has begun threatens to end the Everything Bubble in an Everything Crash. . . .Peter Stöferle & Mark J. Valek

More Americans view gold as a better long-term investment than stocks for the first time since 2013, according to a recent survey from Gallup. . . . Matthew Fox

The gold price has come off from its recent high as US President Joe Biden expressed confidence in avoiding a government default amid progress in. . . . UBS Insight

Gold investors running for the door on the likelihood of a U.S. debt ceiling deal being struck by the weekend should. . . . Barani Krishnan

In April, the U.S. Mint’s bullion sales declined for gold coins and remained steady for silver coins. . . . Mike Unser

The gold market was down nearly $30 Tuesday as markets awaited news on U.S. debt ceiling negotiations. . . . Anna Golubova