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Tue. Jun 10th, 2025 10:15:11 AM
Hot News: Cleanup begins after chaotic anti-ICE protests rock LA | PoliceStill no AI-powered, ‘more personalized’ Siri from Apple at WWDC 25Men’s College World Series Schedule; 2026 CWS and Beyond‘Violation of International Law’ – Israel’s Seizure of ‘Madleen’ CondemnedDuolingo’s CEO surprised by backlash to ‘AI-first’ company strategyKayla Harrison Celebrates UFC Title W/ Teammates In Triumphant Return To ATT GymBrittany Renner Confirms Divorce From Kevin GatesGet 30% off at Peter Thomas Roth's Rare Site-Wide SaleDeutsche Bank warns of a higher for longer Fed rates, a growing risk to US borrowersMy local restaurant charges a 5% container charge and 3% kitchen-service fee. Is this nuts?Bitcoin price all-time high hindered by macroeconomic fearsThe Undercurrent at the WorldPride Parade in D.C.iOS 19: All the rumored changes Apple could be bringing to its new operating system2025 US Open Golf Schedule; TV Broadcast, and more‘Hamas has Defeated Us’ – Ret. Israeli Maj. Gen. Brik Speaks of ‘Collective Suicide’Trump’s new travel ban set to take effect amid escalating tension over immigration enforcementSkydiving Plane Crashes in Tennessee, Wreckage Scattered, Victims CriticalMariah Carey’s ‘Type Dangerous’ Voted This Week’s Favorite New MusicTom Felton Thought Draco Malfoy Role in Cursed Child Was a PrankECB’s Nagel: I believe that we can now take the time to look at the situationApple’s WWDC is a chance to change investors’ minds. Can the company deliver?10 Signs an Airdrop Is a Scam — and How to Stay SafePotential 2028 Democratic Candidates Are Moving Toward The Middle, And That Is A Big MistakeLawyers could face ‘severe’ penalties for fake AI-generated citations, UK court warns2025 New York Liberty Schedule; Printable, PDF FormatIran Unveils Most Serious Intelligence Breach in Israeli History – ReportSalmonella outbreak tied to eggs sickens dozens across 7 statesPacman Jones Arrested For Assaulting Officer, Public IntoxicationOn the Rise at CMA FestKristin Davis Addresses Chris Noth Dating RumorsBOE's Greene: The disinflationary process is still ongoingSocial Security’s new commissioner, rule reversals and cost cuts: Here’s everything that’s happening at the agencyIs Bitcoin price rally to $150K possible by year’s end?Deported man Kilmar Abrego Garcia returned to US to face charges | Donald Trump News2025 will be a ‘pivotal year’ for Meta’s augmented and virtual reality, says CTO2025 Dallas Cowboys Preseason Schedule; Dates, Time, TVAs Gaza Starves, is There Finally a Crack in Western Support for Genocide?Two months after CoreWeave’s IPO fizzled, the AI company has surged 250% and left doubters baffled‘Jane’ Testifies to Nipple Infections, Frequent UTIs During Diddy RelationshipHow She Can Monetize BothKristin Cavallari Shares Proof She Doesn’t Get BotoxForexlive Americas FX news wrap: Non-farm payrolls match estimates, dollar jumpsI bought my mother-in-law a condo — and she took out a $30,000 car loan. Now she refuses to get a roommate.New Jersey The Next Crypto Election For GovernorTrump’s travel ban fuels anxiety in South Africa, even though it’s not on the listWhy are Elon Musk and Donald Trump fighting?Aaron Rodgers’ Stats Breakdown: What the New Steelers QB Brings to PittsburghBeirut Suburbs Targeted as Israel Launches New Wave of StrikesDOJ seeks to confiscate $7.7 million in crypto allegedly stolen by North Korean IT workersAnimal-Rights Activist Says Politicians Turning Blind Eye to Dogs on Skid Row11 Trailblazing Achievements by African ArtistsBilly Joel’s Ex Elizabeth Weber on Brain Disorder DiagnosisWhat is the People’s Bank of China planning?Jack Daniel’s parent sees weight-loss drugs, cannabis hurting liquor salesArca exec writes scathing letter to Circle post-IPOTrump’s Big Beautiful Bill Could Be On The Verge Of CollapseiOS 19: All the rumored changes Apple could be bringing to its new operating systemPrintable 2025 Houston Texans Schedule; Matchups and TV BroadcastsWashington Stands Alone as It Vetoes Gaza Ceasefire ResolutionAmazon to inject $10 billion into rural North Carolina for data center and AI campusPete Hegseth’s Reason for Renaming USNS Harvey Milk Is Homophobic, Harvey Levin SaysMusicians on OnlyFans: 10 Stars Who’ve JoinedTom Brady Breaks Strict Diet With Pizza OutingSaudi Arabia pushing OPEC+ for a faster pace of oil production increases in coming monthsCostco’s monthly sales growth continues to easeUS Senate to consider Trump’s pick for CFTC chairElon Musk slams Trump’s signature budget bill as a ‘disgusting abomination’ | Elon Musk NewsAnthropic’s AI is writing its own blog — with human oversight2025 Durham Super Regional Schedule; Bracket and TV BroadcastsHamas’ Drones are Back: Israeli Soldiers Killed and Wounded in Sheja’iyyaRed Bull heir transfers $1.1 billion stake to Geneva trust firmGuess the Hot Mom Bod at 60 Years Old!!!Foo Fighters, Chappell Roan to Headline Corona Capital 2025Jenna Johnson’s Dancing With the Stars Paycheck ConfessionBarclays turning less negative on oil pricesYoung people lack financial literacy. But older folks aren’t that much smarter.Tokenized funds hit $5.7B, scaling fast — Moody’sBudget bill would add trillions to U.S. debt and increase inequality, Nobel laureate economists sayFormer DreamWorks CEO Jeffrey Katzenberg co-leads $15.5M Series A for AI video ad platformFootball Betting Tips for June 3, 2025Soldiers Killed – Major Resistance Operation in Jabaliya, Yemen Strikes IsraelDisney lays off hundreds in film, TV as industry woes lingerDarren Waller Shows Off Retirement Body During HYROX Fitness Event In NYCSZA & Doja Cat Perform ‘Kiss Me More’ on Grand National TourAngelina Jolie, Brad Pitt’s Daughter Shiloh Debuts “Shi” NicknameForexlive Americas FX news wrap 2 Jun: USD declines as traders fear US/China trade issuesWe used AI for retirement planning advice and were surprised by what we foundSEC faces criticism on crypto staking guidanceDemocrats Pounce As Joni Ernst’s Snark Throws Gasoline On An Angry Voter FireThousands of Netflix fans gather for TudumPrintable 2025 Cincinnati Bengals Schedule; Matchups and TV BroadcastsLebanese Citizen Killed in Israeli Drone Attack on Motorcycle in South LebanonBig Tech is back in S&P 500 driver’s seat as profit engines humKim Kardashian Models Skimpy Bikinis in Lavish BedroomAva Max’s ‘Lovin Myself’ Voted This Week’s Favorite New MusicJoJo Siwa and Chris Hughes Get Cozy in BedICYMI: Ukraine used to drones to attack around 40 Russian war planes at 4 military basesStock market’s haul in May comes as tariff turmoil and job angst lurk on the horizonStrategy signals another Bitcoin buy on June 2Two killed in Russian attacks on Ukraine before possible talks in Turkiye | Russia-Ukraine war News
Tue. Jun 10th, 2025 10:15:11 AM

Gold climbs to the highs of the day, nears new record


gold 10 mins

There has been a nice turnaround on the intraday gold chart. It fell about $15 follow a round of USD buying on good GDP data but has since recouped all of that and more.

Bids emerged just before $2500 and it’s now in-line for a record close. The intraday record of $2531 is also within striking distance.

Fitch today affirmed the USA’s credit rating at AA+ but also highlighted a deficit that’s on track to hit 124% of GDP. They forecast a deficit of 8.1% of GDP in 2024 followed by 7.7% in 2025 and 2026. Those are eye-watering numbers that highlight downside risks to both the US dollar and to growth. It’s clearly unsustainable even in a period of 3% GDP growth.

Earlier this week I made: The very simple case for buying gold but would warn that September seasonals for gold are poor.



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