Kitco NEWS

Kitco News: The leading global source for precious metals, crypto, mining, and market news. Expert analysis, exclusive interviews, & in-depth event coverage.

[Kitco NEWS @KitcoNewsNOW]

Here's Who's Coming Up on Kitco News: Ronald-Peter Stöferle @RonStoeferle , Managing Partner, Incrementum AG , speaks with Jeremy Szafron @JeremySzafron. Hitting the channel soon!

Watch it here: https://t.co/P9fJXKhjue

[Kitco NEWS @KitcoNewsNOW]

Here's Who's Coming Up on Kitco News: Michael Oliver, speaks with Jeremy Szafron @JeremySzafron. Hitting the channel soon!

Watch it here: https://t.co/P9fJXKhjue

[Jeremy Szafron @JeremySzafron]

The market is convinced the AI boom is deflationary. They are completely missing the physical cost of the build-out.

@TaviCosta explains why the AI infrastructure scramble is actually a massive inflation trap.

Watch the full breakdown on @KitcoNewsNOW

[Kitco NEWS @KitcoNewsNOW]

>> Read the full story at Kitco: https://t.co/PmXNAcsbbR

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Gold steadies, silver slips as oil rises on Iran uncertainty - Kitco PM Report

Spot #gold prices are near steady and spot silver prices are lower after the close Tuesday, as a stronger U.S. dollar and firmer crude #oil offset support from lower Treasury yields. At the time of writing, spot gold was trading near $4,488.30 an ounce, up 0.07%, while spot #silver was trading near $75.195, up 0.44% on the session.

April job openings rose to 7.6 million from 6.9 million in March, the highest reading since May 2024 and above the 6.8 million consensus. Layoffs fell, quits declined and gross hiring also dropped, leaving a mixed labor-market signal before Friday’s May jobs report. The print supports the view that labor demand has not cracked, but softer quits and hiring point to a cautious employer and worker backdrop. ...

[Kitco NEWS @KitcoNewsNOW]

>> Read the full article at Kitco: https://t.co/zmfMV1L6kL

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Gold at the crossroads: catalysts and outlook for the second half of 2026

Gold has been one of the defining asset stories of this decade. After crossing $5,000 per troy ounce for the first time in history earlier this year, the metal has since consolidated near $4,494, a level that, in any prior era, would itself have been a record. The question now occupying investors and strategists alike is not whether gold belongs at elevated prices, but what catalysts could drive the next leg higher, and where the credible downside risks lie.

The structural forces underpinning gold remain as potent as they were when the rally began. Central banks particularly those in emerging markets seeking to reduce dollar exposure have continued accumulating at a historic pace. This sovereign-level demand has established a durable bid beneath spot prices that did not exist in prior cycles. ...

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>> Read the full article at Kitco:
https://t.co/avS329i1tH

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Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC

After March saw central banks flip to net sellers of gold, the sovereign sector switched back to bullion purchases in April, according to the latest data from the World Gold Council (WGC).

“Central banks resumed net gold purchases in April, having bought 17t,” wrote Marissa Salim, the WGC Senior Research Lead, APAC. “This was a rebound from the sizeable net sales reported in March.” ...

[Kitco NEWS @KitcoNewsNOW]

TIME TO VOTE: Where is the #GOLD price headed next week? Cast your vote now and share your thoughts! 🗳️ #goldprice #kitconews #kitcopoll #xauusd #gold

[Kitco NEWS @KitcoNewsNOW]

Here's Who's Coming Up on Kitco News: Marc Faber @gloomboomdoom, speaks with Jeremy Szafron @JeremySzafron. Hitting the channel soon!

Watch it here: https://t.co/P9fJXKhjue

[Jeremy Szafron @JeremySzafron]

Central banks see gold as the reserve asset of choice - ECB report

https://t.co/MW23I4Z6w8

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>> Full story at Kitco:
https://t.co/Ukch0WosHa

[Kitco NEWS @KitcoNewsNOW]

India’s central bank likely sold $12 billion gold reserve in just two weeks to support the rupee – BE report

The Reserve Bank of India likely sold $12 billion of its gold reserves and bought $7.5 billion in foreign currency assets during the two weeks ending May 22, according to a new report from Abhishek Gupta, senior India economist at Bloomberg Economics (BE).

The BE analysis, published Tuesday, drew on publicly available data to infer that India’s central bank appears to have offloaded a substantial portion of its gold holdings to shield its foreign currency assets from the cascading fallout of the war in the Middle East.

The fall came despite the recent hike in import duties on the precious metal, which should have served to boost the value of the RBI’s holdings of bullion and dollars, suggesting the RBI was selling gold, Gupta said...

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>> Read the full article at Kitco: https://t.co/dUNdELZfxO

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Gold price is squeezed between 50 and 200 DMA, but 2025 drivers will return stronger once Iran war recedes – Saxo Bank’s Hansen

Gold prices declined in May, as the #Iran conflict supported yields and the dollar while reducing expectations for rate cuts, but debt concerns, de-dollarization, sticky inflation and steady central bank demand remain key pillars of support for gold, the latter despite some temporary selling linked to energy-related pressures., according to Ole Hansen, head of commodity strategy at Saxo Bank.

In a new update published Monday, Hansen noted that #gold prices slid for a third consecutive month in May. “Despite the recent pullback, bullion remains up 5% so far in 2026, 36% over the past year and 91% over the last two years,” he pointed out. ...

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>> Catch the full interview at Kitco News:
https://t.co/ewzrnJUOcY

[Kitco NEWS @KitcoNewsNOW]

“Hawks Are Extinct”: Peter Schiff Warns Fed Can’t Stop the Debt Crisis

Wall Street is pushing toward record highs, but the bond market is flashing a severe warning. Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Asset Management, joins Jeremy Szafron, Senior Anchor of Kitco News, to break down the massive disconnect between equities and the 30-year Treasury.

Following the swearing-in of new Federal Reserve Chair Kevin Warsh and recent warnings from Bill Dudley, Schiff argues that "hawks are extinct" at the central bank and the 2% inflation target is now a pipe dream. Schiff details his timeline for a sovereign debt crisis, warning that the U.S. national debt will hit $50 trillion before the end of the presidential term, and explains why inflation could be worse under a second Trump administration than under Biden.

Schiff also provides a critical update for physical metals investors. He breaks down why silver's recent run to $125 was just the first stop, where the AI tech bubble wealth will actually go when it evaporates into "money heaven," and shares an exclusive update on the future of tokenized gold (tGold) as a medium of exchange.

Recorded May 26 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://t.co/JNio1Y1tGw)
Follow Kitco News on X: @KitcoNewsNOW (https://t.co/LmZsIBKeqx)
Follow Peter Schiff on X: @PeterSchiff (https://t.co/TCBIhoF9Gp)

Timestamps:
00:00 MARKETS DIVERGE
00:53 BOND MARKET WARNING
02:18 REAL RATES & GOLD
02:56 DEBT MANAGEMENT STRESS
04:06 FED CREDIBILITY TEST
06:10 INFLATION UNDER TRUMP
07:51 CENTRAL BANKS BUY GOLD
09:26 NO SOFT LANDING
12:20 WAR, OIL & YIELDS
13:11 FISCAL RESPONSIBILITY DEAD
15:55 SILVER BREAKOUT
17:55 RETAIL DEMAND RETURNS
21:19 BUYING THE PULLBACK
24:32 AI "MONEY HEAVEN"
26:00 AI BUBBLE FALLOUT
26:38 MINERS BUBBLE NEXT
27:43 M&A WAVE BEGINS
28:50 WHY JUNIORS WIN
30:33 VALUATIONS STILL CHEAP
32:00 IS IT TOO LATE?
33:39 PRICE CONTROLS PLAYBOOK
36:03 CAPITAL CONTROLS RISK
38:10 ENDGAME SIGNALS
41:00 PORTFOLIO ALLOCATION
43:09 GOLD AS CASH
45:01 TOKENIZED GOLD (tGOLD)
47:15 GRESHAM'S LAW & BITCOIN

[Kitco NEWS @KitcoNewsNOW]

>> Full commentary at Kitco:
https://t.co/WRH8UsN3vy

[Kitco NEWS @KitcoNewsNOW]

Gold bulls fight for $4500

After a brief intraday trip below $4,500, courtesy of the all-too-familiar Sunday evening open smackdown that carried into yesterday, the bulls' strength continues to shine through as buyers have stepped in to push the price back above $4,510 as of this morning.

Nothing has changed on the daily chart, with price continuing to squeeze between the parallel channel and the 50-day moving average overhead. But there is one development that is taking shape: the 50-day moving average is now flattening out rather than continuing to decline. ...