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News & Articles By Sterling Ashworth
06/30/2026
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By Sterling Ashworth
Lithium Prices Tumble on Reports of Potential CATL Mine Restart
Lithium carbonate futures in China fell nearly 10% over two trading sessions to a 10-week low of 157,000 yuan ($23,175) per ton as of Tuesday, according to market data cited by a report from OilPrice.com. The decline followed reports that Contemporary Amperex Technology Co. (CATL) may soon restart operations at its Jianxiawo lithium mine in […]
06/25/2026
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By Sterling Ashworth
Gold Declines Toward $4,000 as Tech-Led Selloff Hits Global Markets
Gold dropped as much as 2.4% to about $4,091 an ounce in trading Tuesday, nearing a low from earlier this month, amid a broad selloff led by technology stocks that rippled through global markets. Silver plunged up to 5.8%, and other precious metals also declined as investors sold holdings to cover losses elsewhere, according to […]
06/21/2026
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By Sterling Ashworth
Goldman Sachs Cuts Gold Price Forecast to $4,900 on Fed Rate Hike Expectations
Goldman Sachs reduced its year-end 2026 gold price forecast by $500 to $4,900 per ounce, according to a bank note on Friday. The revision reflects an increased likelihood that the U.S. Federal Reserve will raise interest rates rather than cut them this year, officials said. The bank had previously set a target of $5,400 per […]
06/18/2026
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By Sterling Ashworth
Central Banks Shift Gold Storage Away From London and New York
Central banks are reducing their reliance on traditional gold storage hubs in London and New York, according to the World Gold Council’s (WGC) 2026 Central Bank Gold Reserves Survey released on Tuesday, June 16. The survey found that the share of central banks storing gold at the Bank of England fell to 57% from 64% […]
06/13/2026
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By Sterling Ashworth
Gold Surges as Trump Signals Progress Toward US-Iran Truce
Gold prices recorded their largest single-day gain in more than two months on Thursday, rising as much as 3.6% before closing 3.4% higher at $4,212.26 an ounce, according to market data. The surge followed President Donald Trump’s statement that he canceled planned military strikes against Iran, citing discussions with Iranian leadership about a negotiated end […]
06/11/2026
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By Sterling Ashworth
Gold Price Erases 2026 Gains After U.S. Jobs Data Boosts Rate Hike Expectations
Gold Price Drops 3.5% After Jobs Data Gold declined 3.5% to $4,315 per ounce on June 5, 2026, its lowest since March, according to trading data. The drop followed the release of the May nonfarm payrolls report, which showed stronger-than-expected job growth. U.S. gold futures fell more than 3.2% to $4,342 an ounce, erasing all […]
06/09/2026
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By Sterling Ashworth
Ex-CIA Official Accused of Inventing Secret Program to Steal $40 Million in Gold
Arrest and Recovery of Gold Hoard David J. Rush, 49, a former senior executive in the Central Intelligence Agency’s Directorate of Science and Technology, was arrested on May 19, 2026, one day after FBI agents searched his Ashburn, Virginia, residence, according to the Justice Department. Investigators recovered 303 one-kilogram gold bars valued at more than […]
06/04/2026
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By Sterling Ashworth
European Central Bank: Gold Surpasses U.S. Treasuries as Global Reserve Asset
Gold has overtaken U.S. Treasuries as the world’s second-largest reserve asset held by central banks, according to a European Central Bank (ECB) report. Bullion accounted for 27% of global central bank reserve assets at the end of 2025, up from 20% a year earlier, the ECB said. In contrast, U.S. Treasuries fell to 22% from […]
05/31/2026
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By Sterling Ashworth
Copper Tariff Trade Tightens Global Supply
Traders are once again scouring global markets for copper to ship to the United States, as renewed speculation over import tariffs widens the price spread between New York’s Comex and the London Metal Exchange (LME), according to several industry executives. The revived trade is tightening global availability of the industrial metal, with front-month Comex contracts […]
05/31/2026
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By Sterling Ashworth
Bitcoin Hash Rate Flattens as Miners Face AI Squeeze, Fidelity Report Says
Bitcoin’s network hash rate has stalled and mining difficulty has dropped sharply in 2026, signaling that miners are redirecting power and capital toward artificial intelligence (AI) data center workloads, according to multiple industry reports. A mid-year update from Fidelity Digital Assets, as summarized by third-party outlets, describes the year as one of “structural retooling,” where […]
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