VanEck Gold Miners ETF

AngloGold Ashanti Proposes $2 Billion Stock Buyback for July 23 Shareholder Vote

Domestic Commodity Futures Open Mostly Lower, Silver Drops Over 7%

Agnico Eagle Updates Advance Warning Report on Prism Resources Inc.

Gold Fields and Cree Partners Reach Impact Benefit Agreement for Windfall Project

Fed Abandons Rate Cut Expectations Amid Inflation, Leans Toward Holding or Hiking Rates

RBC Cuts Newmont Price Target to $140

Chakana Copper Corp. Completes Acquisition of 100% Ownership in Barrick's Peru La Joya Project

Pan American Silver Launches Timmins Camp Project with $146M Investment to Boost Gold Capacity

Torq Resources Releases MD&A: Gold Fields Funds $11M Drilling and Advances Equity Acquisition

Pan American Silver Releases 2025 Sustainability Report: Two Fatal Accidents Occur, Carbon Emission Target Exceeded

Agnico Eagle to Invest $22.44M CAD to Increase Stake in Wallbridge Mining to ~19.62%

Barrick Gold Unveils $3B Buyback and North America IPO Plan Following Beat Q1 Earnings

AngloGold Ashanti Reports Q1 Beat, Announces Record Dividend and Buyback Plan

Kinross Gold Terminates Option Agreement to Acquire 70% Interest in Aurion Resources' Launi East Property

Gold Miner ETF GDX Plunges Amid Macro Pressures

Newmont Mining's Q1 2026 Free Cash Flow Hits Record High of $3.1 Billion

CIBC analyst maintains buy rating on Franco-Nevada

Rupert Resources Delivers and Submits Management Information Circular for Acquisition of Agnico Eagle Mines and Receives Interim Order

Franco-Nevada released FY2026 Q1 earnings on May 12 After-Market (EST), actual revenue USD 650.7 M (forecast USD 635.28 M), actual EPS USD 2.43 (forecast USD 2.2382)

RBC Capital analyst maintains buy rating on Pan American Silver

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President Trump has spent a considerable amount of time calling on the Fed to cut interest rates. This week, he contradicted himself on the same day the Senate Banking Committee met.

Trump reverses course on interest rates while backing Warsh — after months of demanding cuts, he now says raising them is effective

Goldman Sachs Research now expects the Federal Reserve to cut interest rates in June 2027 and December 2027, delaying its prior forecast. According to NS3.AI, the bank previously projected rate cuts in December 2026 and March 2027. Goldman Sachs Research also expects the unemployment rate to reach approximately 4.4% by the end of the year.

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Goldman Sachs

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Goldman Sachs Research Pushes Back Expected Fed Rate Cuts to June and December 2027

The U.S. producer price index (PPI) annual rate came in at 6.5% in May. According to Jin10, the market consensus estimate was 6.4%, and the prior reading was revised to 5.7% from 6.00%.

U.S. May PPI Annual Rate Rises to 6.5%

With inflation hitting a three-year high and job growth exceeding expectations, immediate rate cuts are unlikely, complicating policy decisions ahead of Warsh's first Fed meeting on June 16-17. Markets anticipate potential shifts in communication tools, such as scrapping the 'dot plot' or adopting new inflation gauges, which could increase volatility and reshape monetary policy guidance for 2026.

Warsh faces rate dilemma as inflation hits 3-year high

Economist Justin Wolfers warns of a 2026 affordability crisis as real wages fall for six months due to supply shocks from war and tariffs. Inflation outpaces paychecks, eroding purchasing power. Other experts confirm rising core inflation and energy costs. Consequently, the Federal Reserve may raise rates rather than cut them, impacting monetary policy expectations despite recent stock market gains.

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Justin Wolfers Warns Of 'Affordability Crisis' As Real Wages Fall For Sixth Straight Month

Markets fully price in a European Central Bank rate hike, with traders expecting three increases. However, Berneberg's Holger Schmieding calls this a 'mistake in the making' due to eurozone economic contraction and falling confidence. While some analysts argue hikes are necessary to combat inflation, others warn against overpricing tightening measures that could exacerbate supply shocks from geopolitical conflicts.

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Markets are pricing in a rate hike by the European Central Bank - which one top economist sees as a 'mistake in the making'

On June 10, Eastern Time, VanEck Gold Miners ETF options saw a total of 192096 contracts traded, with calls accounting for 63% and puts making up 36%.

Options Flow

Trending | GDX Decreases 4% on Wednesday, Some Put options Soar 132%

U.S. May CPI rose 4.2% YoY, the highest in over three years, driven by energy shocks from the Strait of Hormuz. Despite hotter inflation, economists expect the Fed to hold rates at its June 17 meeting, with a more hawkish Dot Plot anticipated. Market pricing reflects a near-certain hold, while core inflation remains below 3%. Analysts view the data as insufficient for a hike but too hot for cuts, with future rate expectations dependent on the duration of geopolitical disruptions.

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Hottest Inflation In Over 3 Years: Is The Fed Ready To Hike Interest Rates?

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S&P 500 breadth is weakening, with over 200 stocks trading below their 200-day moving averages. Sector flows diverged significantly last week: Materials, technology, and industrial ETFs attracted strong inflows, while financials, energy, and consumer discretionary saw outflows. Additionally, individual stock volatility surged to its highest level since early 2025, contrasting with subdued index-level volatility driven by mega-cap influence.

- Over 200 S&P 500 stocks are trading below their 200-day moving averages, indicating weakening momentum.  
- Materials, technology, and industrial ETFs experienced strong inflows, whereas financials, energy, and consumer discretionary saw significant outflows.  
- Individual stock volatility has reached its highest level since early 2025, contrasting with subdued index-level volatility driven by mega-cap stocks.

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S&P 500 breadth weakens as sector fund flows diverge

The article warns that the next financial crisis may originate in advanced economies' sovereign debt, shifting from the historical pattern of emerging market crises. With public debt at historic highs and deficits elevated in developed nations, sovereign bond markets are increasingly sensitive to inflation, interest rates, and investor confidence, posing new systemic risks.

Businesstimes News

The next financial crisis could start with advanced economies’ sovereign debt

VanEck Gold Miners ETF(GDX.US)