Renowned investor Peter Schiff predicts continued gains for gold and silver, driven by a weakening U.S. dollar and shifting global monetary trends. He cites a loss of confidence in U.S. fiscal policy and central bank independence as key factors, suggesting gold will replace the dollar as a reserve asset.
Global Market: Euro zone bond yields hit near one-month high as oil surge fuels ECB rate hike bets
Euro zone government bond yields reached their highest levels in nearly a month. This rise followed a sharp jump in oil prices and heightened inflation