Gold’s Relevance Skyrockets as More Policymakers Turn to Gold

Gold and silver are making big moves up this week in the face of intense stock market volatility and overall weakness.

Gold is up another $50 here as of this Friday midday recording and has registered another all-time high here today. As of this moment gold comes in at $3,235 an ounce, up a whopping 6.0% for the week.

Silver fell more than $4 after last week's jarring tariff announcements, but it has regained about $2.50 since Monday and trades at $32.10. The white metal is up 7.7% during a tumultuous week of trading with just a few hours left here in the week.

While the chaos continues in global stock and bond markets, demand for physical gold and silver in the U.S. retail market has suddenly risen.

Wholesalers have seen their excess inventories cleaned out over the past week, and mints are now firing back up their long-idle equipment to supply the markets.

The last year has witnessed at least two mints in the United States close their doors due to lack of business. It's unknown whether the fresh demand in recent days will continue, but it's likely we'll see premiums drift higher on coins, bars, and rounds.

Money Metals is extremely well stocked at present and our shipping speeds remain extremely fast.

Confirming that there has been an increase in demand for bullion in the U.S., the gold ETFs reported inflows for the fourth straight month in March, driving assets under management (AUM) to a new month-end record.

Funds in every region reported inflows of gold, with North American ETFs leading the way.

Meanwhile, the Federal Reserve just got the green light to crank up the inflation machine.

The Consumer Price Index (CPI) moderated in February and turned downright cool in March. Prices fell month-on-month, driven by much lower energy costs.

That cracks the door for the Fed to plausibly cut interest rates again sooner rather than later. And that open door could come in handy for the Fed with markets in chaos and recession worries heating up.

In other news, Money Metals just chalked up another sound money win at the state level – the fourth legislative victory this year.

Earlier this week, Alabama Gov. Kay Ivey signed Senate Bill 130 into law, reaffirming gold and silver as legal tender. This symbolic victory marks Alabama’s latest step toward promoting constitutional sound money in the state.

Sponsored by Sen. Tim Melson and Rep. Jamie Kiel, the Alabama Legal Tender Act recognizes “any refined gold or silver bullion, specie, or coin that has been stamped, marked, or imprinted with its weight and purity” as legal tender in the Yellowhammer State.

The law ensures that no one is obligated to accept gold and silver for transactions unless specified by a contract or required by law. But it aligns the state of Alabama with the U.S. Constitution and sends a signal to other states that embracing is not only good policy, but good politics.

********