Swiss America: Gold Standard News Daily

6.16.25 - New Currency Steals the US Dollar's 'Crown'

Gold last traded at $3,388 an ounce. Silver at $36.32 an ounce.

EDITOR'S NOTE: Another currency is taking a bite out of the US dollar. This time it's a couple of "crowns". Scandinavian currencies have been on the rise, as the dollar continues its downward spiral; with no slowdown in sight.

New Currency Steals the US Dollar’s ‘Crown’ in 2025

by Vinod Dsouza

In the latest development, Scandinavian crown currencies have emerged as star performers, outperforming the US dollar by 16.74% in 2025. The Swedish crown is up 15%, delivering its best-ever performance against the USD in over 50 years. Norway’s crown is also up 13% against the greenback, its highest since 2008.

Not just the US dollar, the Swedish crown is up 4.5% against the euro and Norway’s crown surged 2% against the euro. Both the US dollar and the euro are losing their ‘crown’ to the Scandinavian currencies this year. Institutional funds are mostly moving abroad as clients perceive the US markets as volatile due to recent policy changes.

The crown (krona) is an English translation of the Scandinavian currencies used in Sweden, Norway, and Denmark. It is also used in the Faroe Islands, Greenland, Iceland, and the Czech Republic. Sweden is expected to cut interest rates this month and the move could bolster the crown further vs the US dollar.

The US dollar has slipped to its lowest in three years as the DXY index touched the 97 to 98 range. Leading local currencies are strengthening in the charts as the USD is slipping in the currency markets. The USD is no longer considered a safe haven as the interest has turned solidly into gold. READ MORE

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6.13.25 - Why Gold and S&P 500 Are Rallying in Tandem

Gold last traded at $3,429 an ounce. Silver at $36.23 an ounce.

EDITOR'S NOTE: While the parallel climb of gold and stocks is rare, it speaks to mindset of the average investor in 2025, "chasing growth while guarding against geopolitical tensions, inflation, fiscal imbalances, and dollar weakness." Read on to see what's next for both markets.

The Unusual Bull: Why Gold and the S&P 500 Are Rallying in Tandem -Investing Haven

Gold and the S&P 500 are rallying together. This reflects investor optimism tempered by macro uncertainty and central bank support.

Mid-2025 has witnessed a rare market phenomenon: gold, typically a defensive asset, and the S&P 500, a growth barometer, both pushing toward record highs. This unusual co-movement reflects a deeply balanced market where investor optimism is matched by underlying caution.

Equities have surged on the back of solid economic data and big-tech optimism. The S&P 500 is hovering around 6,020, less than 2.3% below its all-time high of 6,144.15, supported by strong jobs numbers and improved U.S.–China trade sentiment.

Concurrently, gold has soared nearly 27% year-to-date, trading just 2.1% shy of its April record. Investors are “eating salad and dessert at the same time” — chasing growth while guarding against geopolitical tensions, inflation, fiscal imbalances, and dollar weakness.

Institutional flows are reinforcing this dual rally. Central banks are on track to buy around 1,000 metric tons of gold this year—marking a fourth consecutive year of heavy accumulation, according to Reuters. Meanwhile, gold ETFs, despite holdings still trailing post-2020 levels, have seen renewed inflows, reinforcing a new price floor above $3,000/oz.

Technically, gold recently broke resistance in the $3,300–3,350 range, sitting well above its 200-day moving average, while the S&P’s RSI suggests elevated momentum. Historically, such elevated indicators often signal short-term consolidation risks—especially when growth and risk aversion coexist.

A base-case scenario sees both markets coexisting: equities could crest at 6,500, while gold holds between $3,100–$3,500. Upside surprises—like renewed fiscal stress or inflation—could push gold toward $3,700–$4,000, whereas a hawkish Fed could reverse the correlation, sending equities lower even as gold remains a safety anchor. READ MORE

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6.12.25 - Gold Gains on Middle East Tensions, Trump Tariffs

Gold last traded at $3,386 an ounce. Silver at $36.28 an ounce.

EDITOR'S NOTE: Gold continues to capture the attention of investors, as global tensions persist. These tensions are proving to be very beneficial to gold owners, especially given this uncertainty is expected to remain in the markets for some time to come.

Gold Gains as Traders Weigh Middle East Tensions, Trump Tariffs -Yahoo! Finance

by Yvonne Yue Li and Jack Ryan

(Bloomberg) -- Gold rose after another soft inflation report bolstered bets that the Federal Reserve may need to cut interest rates later this year.

US producer price inflation remained muted in May across the board, another sign that tariffs have yet to result in higher prices for consumers and businesses. Meanwhile, a jobs report showed recurring applications for US unemployment benefits rose to the highest since the end of 2021, adding to evidence that it is taking unemployed Americans longer to find a new job.

Treasury yields and the dollar pushed lower after the prints, lifting bullion by as much as 1.1% before paring some of the gains. Traders boosted their bets on rate cuts by the US central bank later this year. Gold typically benefits in a lower-rate environment.

Gold earlier was supported by haven demand following a CBS report that Israel was ready to launch an operation aimed at Iran, prompting the US to move some embassy staff out of Iraq and allowing military families to leave the region. READ MORE

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6.11.25 - Is Gold Peaking, or Just Warming up?

Gold last traded at $3,344 an ounce. Silver at $36.07 an ounce.

Dollar divorce? Asia’s shift away from the U.S. dollar is picking up pace -CNBC

The only thing that seems to be moving at as brisk of a pace as gold prices, is the rate at which countries, continents and governments are moving away from the dollar. In this instance, it's Asia that is making a huge effort to distance itself from the dollar.

by Lee Ying Shan

Asia is progressively moving away from the U.S. dollar, as a mix of geopolitical uncertainties, monetary shifts and currency hedging prompt de-dollarization across the region.

Recently, the Association of Southeast Asian Nations, or ASEAN, committed to boosting the use of local currencies in trade and investment as part of its newly released Economic Community Strategic Plan for 2026 to 2030. The plan outlined efforts to reduce shocks associated with exchange rate fluctuations by promoting local currency settlements and strengthening regional payment connectivity.

“Trump’s erratic trade policy decisions and the dollar’s sharp depreciation are probably encouraging a more rapid shift towards other currencies,” said Francesco Pesole, FX strategist at ING.

Although the shift is more pronounced in Asia, the world has also been cutting its reliance on the greenback, with the share of the dollar in global foreign exchange reserves declining from over 70% in 2000 to 57.8% in 2024. More recently, the greenback also saw a steep selloff this year, particularly in April, following uncertainty around U.S. policymaking. Since the start of the year, the dollar index has weakened by over 8%. READ MORE

Is Gold Peaking, or Just Warming up? -Daily Reckoning

In my mind, this isn't even a question. Gold has been getting hotter, as the dollar grows colder. We've only just begun.

by Adam Sharp

Are we approaching a peak in the price of gold?

According to several mainstream economists, we are indeed.

But, they’re DEAD wrong and today I’ll show you why.

See, their argument relies on the inflation-adjusted price of gold.

In January of 1980, the price of gold reached a local peak near $850 per ounce.

According to official U.S. inflation statistics, $850 in January of 1980 would be equivalent to $3,504 today.

In the 45 years since then, gold has increased in value by nearly 300% to $3,346. That’s getting close to the “official” inflation-adjusted 1980 price of $3,504. So are we nearing an inflation-adjusted “peak gold” price?

Nope. In today’s letter, we’ll debunk this common claim.

But first, let’s set a foundation for our argument. READ MORE

Cybersecurity experts discover 20 apps skimming your digital wallet: 'Delete NOW' -Daily Mail

As the world is shifting ever closer to fully digital currency, the vulnerabilities related to this new form of monetary exchange seem to be growing by the day. The most recent being fake apps that digitally pickpocket.

by Chris Melore

Cybersecurity experts are warning that millions of people could be at risk of having their digital wallets emptied unless they delete several apps right away.

A team at cybersecurity company Cyble has uncovered 20 apps that can trick people into handing over access of their cryptocurrency to hackers.

The phony apps were found in the Google Play Store and impersonate trustworthy digital wallet apps available for download, using the same exact name or a close copy that could be easily overlooked.

The fake apps include Pancake Swap, Suiet Wallet, Hyperliquid, Raydium, BullX Crypto, Meteora Exchange, Harvest Finance Blog, SushiSwap, and OpenOcean Exchange.

These malicious apps also use identical or similar logos and designs to trick users into downloading them from the Google Play Store. READ MORE

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6.10.25 - Wells Fargo employee steals close to $1M

Gold last traded at $3,322 an ounce. Silver at $36.57 an ounce.

EDITOR'S NOTE: We have covered hundreds of banking stories over the years, and we are often amazed at the many ways banks lack oversight in the simplest terms. How was a bank employee, who was responsible for filling the ATMs, skimming cash off the top for almost two years without anyone noticing?

$947,000 Allegedly Stolen From Wells Fargo ATM Machines As Employee Scrambles To Cover Trading Losses: Report -The Daily Hodl

A former Wells Fargo employee in California is reportedly facing charges over allegations he stole $947,000 from the bank’s ATM machines during a span of nearly two years.

In a new report in the San Francisco Chronicle, Tamim Ghulam Haidar, the former Wells Fargo Union City branch operations associate manager, is accused of putting less money into the bank’s ATMs than he reported and pocketing the difference for his own use.

Haidar allegedly deposited the ill-gotten gains he is accused of “knowingly and intentionally” embezzling into his own bank accounts or those he controlled and used the funds to cover losses that “he incurred while trading in the foreign currency markets,” according to legal documents filed in the U.S. District Court Northern District of California.

Haidar allegedly committed the crimes from February 2021 to October 2022.

Prosecutors accuse Haidar of sometimes using other bank employees’ credentials to deposit cash in the ATM to “conceal the fact he was inputting false and inflated dollar amounts.” READ MORE

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6.9.25 - The Truth About Fort Knox

Gold last traded at $3,325 an ounce. Silver at $36.75 an ounce.

EDITOR'S NOTE: It looks like the presidential field trip to Fort Knox has been cancelled. But why? The biggest reason may be that most of the gold is potentially leased. How does that impact the reserves and the large investment banks with huge positions in gold? Read on to find out, but as Mr. Rickards concludes, "for the rest of us, the solution to this problem is simple – buy gold."

The Truth About Fort Knox and Gold Leasing -Daily Reckoning

by James Rickards

Whatever happened to the Donald Trump and Elon Musk visit to Fort Knox?

You’ll recall the buzz from earlier this year. Trump and Musk loudly announced they were going to visit the U.S. bullion depository at Fort Knox, Kentucky to make sure the U.S. gold was actually there. The press was invited to tag along. Musk claimed that his DOGE team was ready to “audit” the gold bars to see that there were none missing. I had my own views on the announcement (described below) but I certainly agreed this would be the mother of all photo ops.

For the record, the U.S. Treasury holds 8,133.5 metric tonnes of gold in the U.S. reserve position. Slightly less than half of this gold is stored in Fort Knox. The remainder is mostly stored in a secure vault at West Point, New York. The exact location of that vault is classified although I happen to know where it is. A small amount is held at the Denver Mint for coinage purposes. Legally the U.S. Treasury owns the gold reserve, but I point out that the U.S. Army actually controls it since almost all of the gold is stored on two Army bases – Fort Knox and West Point.

None of this nuance about storage and location deterred Trump and Musk. In the popular imagination, all of the gold is in Fort Knox. That’s where they were headed to prove once and for all that the gold was actually there. Elon Musk planned to livestream the entire visit using his Starlink satellite system. Trump vaguely threatened that if any gold were missing, there would be disastrous consequences for any wrongdoers who removed it. The plot was set. The drama seemed irresistible. READ MORE

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6.6.25 - Silver jumps to highest level in 13 years

Gold last traded at $3,319 an ounce. Silver at $36.00 an ounce.

EDITOR'S NOTE: As predicted, silver is making some major moves. With the asset now up over 20% year to date, will it follow the same trajectory as gold? Demand is high enough to see it shine just as brightly.

Silver jumps to highest level in 13 years, following gold’s 2025 rally -CNBC

by Jesse Pound

The price of silver moved sharply higher Thursday morning and hit its highest level in more than a decade.

Silver futures rose as high as $36.27 per troy ounce on Thursday, notching the highest price for the metal since early 2012. Silver futures were last up more than 3% on the day at $35.81 per troy ounce.

Silver has been a high-performing asset in 2025 and is now up more than 20% year to date. That is still lagging the move in gold, however, which has jumped about 28%. The price of gold was down slightly on Thursday, meaning silver’s rally closed some of the gap between the two.

Silver has industrial uses, including in solar panels, and is also seen by some investors as a defensive precious metal, similar to gold. A recent survey from the Silver Institute estimated that the supply of silver was about 15% lower than demand in 2024 and projected another deficit in 2025. READ MORE

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6.5.25 - Could Gold Hit $4,000?

Gold last traded at $3,354 an ounce. Silver at $35.67 an ounce.

EDITOR'S NOTE: As price predictions for gold keep rising, UBS is also warning its clients to limit their dollar exposure and has suggested a basket of other investments, including precious metals. Will the dollar weaken enough to see $4000/oz. gold?

Gold Could Hit $4,000 as U.S. Dollar Weakens, Experts Warn -Watcher Guru

by Vladimir Popescu

Gold price forecast models are pointing toward $4,000 per ounce as the U.S. dollar continues its decline, according to leading market strategists. This gold price prediction reflects mounting concerns over US dollar weakness, accelerating dedollarisation trends, and sustained central bank gold demand driving precious metal prices to historic levels.

The gold price forecast from State Street Global Advisors suggests unprecedented gains ahead, with bullion already reaching record $3,500 per ounce in late April. Current spot prices hover around $3,370 per ounce as investors pile into the precious metal amid trade uncertainty.

State Street Global Advisors gold strategy head Aakash Doshi had this to say:

“The early days of the Trump administration have corresponded with heightened US economic uncertainty, consumer anxiety, and a weaker US dollar, buttressing investor demand for gold as a tail risk and geoeconomic hedge.” READ MORE

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6.4.25 - Is De-Dollarization Winning?

Gold last traded at $3,374 an ounce. Silver at $34.53 an ounce.

Gold Soars When Sh*t Hits the Fan - Daily Reckoning

Forgive the title, but there's probably no better way of putting it. Historically, gold has performed best when things get bad. The unfortunate part is, there's probably a whole lot of it about to hit that fan.

by Adam Sharp

After a disturbing weekend where the world flirted with WW3, gold and silver flew higher on Monday.

Silver stood out, popping nearly 5%, with the largest silver miner ETF (SIL) rising more than 6%. Spot gold rose mildly, but gold miners jumped by about 5%.

This is the strange part of being a gold/silver bug. Bad news can be great for your portfolio.

It’s important to maintain the right state of mind. We do not root for bad events to happen, we prepare for them.

In this case, gold and silver are soaring due to a combination of factors: READ MORE

US Dollar Is Down 8.9% In A Year: Is De-Dollarization Winning?- Watcher.Guru

In a word, yes; at least in my opinion. And it doesn't appear I am alone in this sentiment.

by Juhi Mirza

The US dollar is suffering gravely at the moment, hitting its lowest in terms of its valuation and worth. The currency evolution has hit USD hard, with Trump’s fierce tariff policies adding more to the rising de-dollarization narratives. That being said, the US dollar is now losing its prestige gradually, shedding value, and at the same time, documenting a pivot of investors and countries dumping the US dollar for other alternatives. If this development continues, will the US dollar be able to survive it all and live to tell the tale?

Per a recent post by Koyfin Charts, the US dollar is currently down 8.9% in a year, which is a depressing development to document at the moment. The currency has lately been hit from all sides, battered by Trump’s tariffs that have partially revived the de-dollarization agenda. Trump’s tariff policies have lately been trying to revamp the US economy. While Trump’s sole intent has been dedicated towards bolstering the US economy via tariffs, these tariffs have taken another direction, sparking the ominous trade war fears in hindsight.

The American currency’s low price explorations have led several analysts to come up with their own predictions. A notable analyst, Otavio Costa, shared how the USD’s spiralling performance is poised to decay further in the future. READ MORE

Comparative Analysis: Gold vs. Silver Investment Opportunities in Mid-2025 -Investing Haven

This is an interesting read as it looks at the benefits of investing in gold compared to the benefits of investing in silver. Spoiler alert: there are strong and equal arguments to be made for both.

Gold prices have surged past $3,300 per ounce while silver remains undervalued with analysts predicting a rise to $50 per ounce by the end of 2025.

As we move into the second half of 2025, investors are closely watching the dynamics of gold and silver, two assets that have traditionally offered protection and growth during turbulent times.

Amid rising geopolitical tensions, potential central bank rate cuts, and growing industrial demand, both metals present compelling but distinct opportunities.

This analysis explores gold and silver’s investment prospects by examining technical trends, underlying fundamentals, and forward-looking predictions.

Gold prices have surged past $3,300 per ounce, bolstered by geopolitical tensions, trade disputes, and expectations of interest rate cuts by major central banks. READ MORE

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6.3.25 - Is the Silver Bull Market Coming?

Gold last traded at $3,353 an ounce. Silver at $34.57 an ounce.

EDITOR'S NOTE: All eyes are on silver for the next wave of explosive growth. Gold's counterpart has been quietly and steadily moving along, and now may very well be thrust into the investment limelight.

Is the Silver Bull Market Coming? Analysts Emphasize That $34 Is a Key Level! -SSM

Amid economic uncertainties and ongoing geopolitical turmoil, international prices of gold, silver, and crude oil surged during China's Dragon Boat Festival holiday. An analyst noted that gold prices still have significant room to rise, but now might be a more opportune time to focus on silver.

Michele Schneider, Chief Market Strategist at MarketGauge, stated that gold and silver prices have been consolidating, leading her to maintain a neutral stance on both. However, if silver prices firmly break above $34 per ounce, she will seek to buy, as reaching $40 is only a matter of time.

As of press time, the latest quote for London silver was $34.106 per ounce, down over 1.7% on the day but still up over 3.4% from Friday's close. Schneider emphasized the need for patience in the silver market, as there is still some resistance in the sector, but she hopes to see sustained buying following this breakout.

She stressed that when buyers are strong, it will signal the beginning of a more significant rally in silver.

Despite gold's strong performance this week, Schneider pointed out that the surge in the gold-silver ratio may indicate that silver is poised to shine. Currently, the gold-to-silver price ratio has fallen below the 50-day moving average, possibly signaling an anticipated rotation into silver. READ MORE

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