GATA

Alasdair Macleod: Gold and silver sell off but little has changed

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, January 30, 2026

The naysayers are crowing, saying gold and silver have peaked. This week’s volatility was certainly unnerving, a sharp lesson for whipsawed traders. But we assess the true position.

Warsh knows the score about gold price suppression. Will he share it?

Section: Daily Dispatches

11:06a ET Friday, January 30, 2026

Dear Friend of GATA and Gold (and Silver):

Is President Trump's nominee for chairman of the Federal Reserve, former Fed Board of Governors member Kevin M. Warsh, really a "hawk" on interest rates, as mainstream financial news organizations are claiming as an explanation for the sharp declines in monetary metals prices in the last 24 hours? 

Fed chief was asked about U.S. 'losing credibility,' soaring gold. He punted

Section: Daily Dispatches

By Eva Roytburg
Fortune, New York
Thursday, January 29, 2026

Fed Chair Jerome Powell surprised some investors Wednesday afternoon with his comments about the gold and silver rally. The two precious metals, the most classic of the "safe-haven" assets, have the tangibility and inherent scarcity to act as a hedge in moments of turmoil, particularly when investors worry that politics or policy could undermine the value of the dollar or U.S. government bonds.

... Dispatch continues below ...

Stephen Innes: Gold is not rallying but replacing faith in fiat

Section: Daily Dispatches

By Stephen Innes
FXStreet.com, Barcelona, Spain
Thursday, January 29, 2026

After blowing through $5,500 in early Asia, bullion is no longer trading like a commodity. It is trading like a referendum. Not on inflation. Not on rates. On trust.

Gold is not yet pressing north of $6,000. What is pressing higher is the narrative ceiling. When prices clear $5500 this decisively, the next leg is no longer spot-driven but expectation-driven. This is the phase in which forecasts begin to chase price rather than guide it. 

China's precious metals frenzy sparks protest as risks grow

Section: Daily Dispatches

A more accurate headline might be: "Chinese investors angry that they can't get their money and more metal."

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By Yihui Xie
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, January 28, 2026

Chinese investors piling into a record-breaking rally in precious metals are becoming increasingly exposed to risk, as speculative demand pushes local prices well above international benchmarks.

Treasury secretary says Trump administration still pursues 'strong dollar policy'

Section: Daily Dispatches

Monetary metals investors may say: Please keep at it!

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By Claire Jones, Ian Smith, and Kate Duguid
Financial Times, London
Wednesday, January 28, 2026

The U.S. currency rebounded today after U.S. Treasury Secretary Scott Bessent said Washington was still pursuing a "strong dollar policy" and was not planning an intervention to boost the Japanese yen.

The dollar jumped as much as 0.9% against the euro and 1% against the yen after Bessent said in an interview with CNBC that he expected the U.S. currency to appreciate.