Gold and silver plunge as investors abandon safe haven metal trades.
Precious Metals Decline Amid Ongoing Conflict Gold, silver, and platinum have continued to drop this week, largely due to investors pulling back from these safe-haven assets as the war in Iran persists. The spot gold price decreased more than 5% to $4,262.50 by 10:30 a.m. in London (6:30 a.m. ET) on Monday. Meanwhile, gold futures […]
Frozen meatballs sold at Aldi stores across the country are being recalled due to metal fragments being found.
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has announced a recall of Italian meatballs produced by Rosina Food Products, a company based in New York. Specifically, around 9,462 pounds of ready-to-eat frozen meatball products are being recalled due to potential contamination with foreign materials, particularly metal. This problem came to light […]
Gold reaches $5,600 per ounce and silver jumps 300% as metal prices hit all-time highs
Gold and Silver Prices Surge in Houston Houston, Texas – Over the past year, gold and silver prices have reached remarkable heights, attracting numerous buyers and sellers to precious metals dealers throughout Houston. Gold hit a peak of over $5,600 an ounce back in January but has since settled closer to $5,000 an ounce. This […]
Callous metal thieves rob California Little Leagues, risking season cancellations
A thief is wreaking havoc on a Little League team in California, posing a serious threat to the upcoming baseball season for children. Recent thefts have involved the stealing of electrical boxes and stadium lighting at various Little League parks, jeopardizing night games and practice sessions. As reported, this crime wave is causing escalating concern. […]
The decline in metal prices, Disney’s earnings, the ‘Melania’ film, and more in Morning Squawk
Good morning. Today, Punxsutawney Phil, the renowned groundhog, saw his shadow, which suggests that winter will linger for another six weeks. Given the recent cold snap, I suppose this isn’t shocking at all. Stock futures are in decline this morning. However, the three major indexes appear to have emerged from a slump. Here are five […]
Protester using a slingshot targeted police with metal during an anti-ICE demonstration in LA
A man wielding a slingshot was apprehended Friday night after allegedly launching a metal object at police during a protest against ICE in Los Angeles. The individual, who remains unnamed in a post from the LAPD, was among at least five arrests made during a turbulent demonstration that saw participants clashing with federal agents outside […]
Large explosion at a scrap metal plant in Los Angeles leads to shelter-in-place directive
A significant fire broke out at a large metal recycling facility in South El Monte on Wednesday, creating a massive fireball and causing several explosions, which led to a shelter-in-place order. The blaze started at P&T Metals, located on North Tyler Avenue, around 2:30 p.m. The facility was quickly engulfed, resulting in a scene filled […]
Tether is transforming the gold market with its large stockpile of metal.
Switzerland’s Nuclear Bunkers House Tether’s Gold Vault Switzerland boasts approximately 370,000 nuclear bunkers from the Cold War period, but most remain largely unused. However, one bunker is buzzing with activity. Each week, over a ton of gold is moved into a high-security vault belonging to Tether Holdings SA, a major player in the cryptocurrency sphere. […]
Investment expert Howard Marks challenges the idea of gold as a reliable store of value and states that there is no accurate price for the metal.
Gold as a Store of Value: A Critical Perspective When it comes to safeguarding your assets, many might think of gold, but that perspective is worth reevaluating. This is especially interesting given the significant increase in gold prices over the past year. However, billionaire investor Howard Marks highlights the uncertainty in determining whether precious metals […]
Revived London Metal Exchange surfs a wave of speculation
LME Sees Record Trading Volumes Amid Metal Market Recovery LONDON, Jan 14 – The London Metal Exchange (LME) achieved record trading volumes in the past year, showcasing a remarkable turnaround from the nickel crisis that nearly brought the 149-year-old exchange to its knees just four years ago. Owned by London Markets and Hong Kong Exchange […]