Good Friday Highlights: SchiffGold Friday Gold Wrap 04.18.2025
In this week’s mini episode, Joel gives the key numbers: gold closed at about $3,330, up $100. Silver closed at $32.55, up $0.10. This week saw a new all-time high for gold ($3,358 on Thursday), poor manufacturing numbers and mounting pressure on Fed Chair Powell.
Highlights this week:
- Dollar Index stands at 99.13
- VIX at 29.65
- Empire State Manufacturing Index at -8.1
- White House announces 245% tariff on China
- Powell emphasizes Fed caution
- Philly Fed Manufacturing Index at -26.4 (vs. 2.2 forecast)
- ECB cuts rates on Thursday for third time this year (now 2.25%)
Blessed be the God and Father of our Lord Jesus Christ, who according to His abundant mercy has begotten us again to a living hope through the resurrection of Jesus Christ from the dead.”
– 1 Peter 1:3
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
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The above references an opinion and is for information purposes only. It is not intended to be investment advice.
