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Silver markets slipped and rumors that President Z in China may have had a stroke, but those rumors are unconfirmed.

Of course, it’s not only the health of President Xi but the health of the Chinese economy that impacted silver Chinese economy.Silve was already weak after China a major silver consumer for a variety of applications like solar panels saw economic growth fall to 4.7% – the slowest since the first quarter of 2023 and missing a 5.1% forecast. The President XI rumors caused a deeper sell-off.

Yet silver is trying to recover as the state news agency Xinhua said they had agreed to “prevent and resolve risks in key areas such as real estate, (and) local government debt”. They also vowed to “actively expand domestic demand”, state media reported, after data this week showed retail sales — a key gauge of consumption — rose just two percent in June.

Copper assessor took a hit for the same reason. Yet the risk is tail high as a cooper shortage looms. The Wall Street Journal reported that “Anglo American cut its coal-production target for the year after a fire incident at a major mine is set to suspend production for the rest of the year, while backing guidance for its key metals copper and iron ore.

The diversified mining major said Thursday that it dug out 6% less copper in the second quarter, with 196,000 metric tons versus 209,000 tons in the same period a year before, due to lower throughput and grades at key mines.

Despite the weakness in the industrial metals gold still managed to hit an all-time record high, as concerns about the assassination attempt on Donald Trump he is fostering conspiracy theories while the inflation data and the Fed fund futures suggests that an interest rate cut is going to happen in September.

The gold market could go ballistic if they get the sense that there will be a cover-up in the investigation surrounding the assassination attempt of President Donald Trump it’s very important for the country to get clear answers from the Biden administration and the CIA and the FBI so the world can gain confidence that the leader of the free world is still free.

Palladium futures still could be the best bargain on the board at some point as it is undervalued. As of yesterday, palladium opened at $971.50 per ounce, as of 9 a.m. ET. That’s up 3.72% from the previous day’s palladium price per ounce and down 11.65% since the beginning of the year. The lowest trading price within the last day: $944.39 per ounce. The highest palladium spot price in the last 24 hours: $983.78 per ounce according to USA today.

In India Platinum is the new gold. Reuters reported this week that Reuters) – India’s four-week platinum imports from mid-June eclipsed 2023’s total as bullion dealers exploited a loophole by registering alloys containing around 90% gold as platinum to avoid higher duties, government and industry officials told Reuters.

In that time frame dealers cleared 13 metric tons of these metal consignments valued at around $1 billion from customs, compared to total platinum imports of 9.97 metric tons in 2023, said a government official who declined to be named as he wasn’t authorized to speak to media.

The Wall Street Journal reported that Deere & Co. said it would dial back some of its diversity and inclusion initiatives after it was targeted by a conservative activist, becoming the second agricultural company in recent weeks to bow to such criticism.

Deere, the world’s largest seller of farm equipment, said it would ensure the absence of what it described as “socially motivated messages” from company-mandated training materials and policies unless otherwise required. It said that diversity quotas have never been company policy and that it wouldn’t participate in or support “social or cultural awareness parades, festivals, or events.”

“To best serve our customers and employees, Deere is always listening to feedback and looking for opportunities to improve,” the company Tuesday said on X announcing the decision. “That’s why we consistently prioritize internal policies that more closely align our business strategy to meet the needs of our customers.”In Deere’s public statement, it said it believed in a diverse workforce and pledged to continue to track and advance the diversity of the organization.

The journal also wrote that “More companies are facing criticism about their diversity, equity and inclusion, or DEI, initiatives. Bud Light lost its spot as the top-selling beer in the U.S. last year after controversy over a social-media promotion with a transgender influencer prompted some shoppers to boycott the brand. Shareholders at several large companies, including United Parcel Service and GE Aerospace, voted on proposals opposing environmental and social initiatives this year.

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