Bullion retail market (LCS news/reports/commentary)

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Why Gold Prices Surged to a Record High on Wednesday​

Key Takeaways

  • Gold futures rose to a record high of more than $3,350 an ounce on Wednesday as stocks sold off after chip giant Nvidia warned its earnings would take a $5 billion hit from escalating tensions between the U.S. and China.
  • Gold prices have soared more than 25% so far this year, boosted by uncertainty about President Trump's tariff policies and the economic damage they could inflict.
  • Analysts with the World Gold Council believe central banks and investors are likely to continue driving up the price of gold as geopolitical tensions persist.
Gold prices rose to another record high on Wednesday as stocks tumbled after AI chip giant Nvidia warned its earnings would take a $5 billion hit from escalating tensions between the U.S. and China.

More:

https://www.msn.com/en-us/money/mar...n-wednemybsfsday/ar-AA1D3xG1?ocid=socialshare
 

BULLION DEALER AT BREAKING POINT? IMPACT OF GOLD & SILVER'S INCREDIBLE RISE! 📈

Apr 18, 2025
In this video my bullion dealer and I discuss what it would take for him to close his coin shop. With gold at all-time record highs and silver's spot price starting to confirm gold's rapid rise, what is my coin shop dealer going to do? Tim Marschner of the Coin and Stamp Shop does not hedge any of his gold and silver positions, and he is regularly LOSING money as the spot price of precious metals quickly rise. Are current bullion market conditions going to force Tim to quit dealing precious metals and close his doors for good? Watch as customers come in to buy and sell their gold and silver and listen to a gold stacker share his dollar cost averaging approach with buying 1/10-ounce American Gold Eagles. And watch as we close up the store for the evening and head off to dinner together. This is an unprecedented time to buy precious metals, and a difficult time to be a bullion dealer! Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!


19:09
 
Treasuries are being sold and gold bought instead.

China may habe more than triple the USA in gold reserves now. Remember at one time in the past the US had over 20k tons of gold now down to just over a reported 8k+.
 
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