Kitco NEWS

‘Gold remains the strategic allocation, while silver remains the tactical opportunity’ – Saxo Bank’s Hansen #Oil-led inflation risks, not geopolitics, are driving near-term weakness in precious metals, and while #gold's pullback looks cyclical rather than structural, #silver’s vulnerability to industrial demand and investment flows makes it more fragile, according to @Ole_S_Hansen, Head of Commodity Strategy at @saxobank. Hansen noted that “rising energy prices, a stronger dollar, firmer inflation expectations and a renewed higher-for-longer view on US interest rates have together created a more challenging short-term environment for non-yielding assets,” which have driven gold prices to a three-week low... Full article at Kitco: https://www.kitco.com/news/article/2026-04-28/gold-remains-strategic-allocation-while-silver-remains-tactical-opportunity

Gold Will Fall First, Then ‘Fly Sky High,’ Bert Dohmen Says Are we facing a perfect storm of illiquidity? Bert Dohmen returns to Kitco News to put his 2026 market warning to the test, revealing how institutional investors are actively distributing risk to retail investors while masking deep systemic vulnerabilities. > Full Interview at Kitco: https://www.youtube.com/watch?v=J4GUq0rI3K0 Dohmen breaks down the hidden dangers inside the private credit market, explaining why major funds are freezing redemptions and getting caught in a leverage trap that will lead markets "into the abyss." He also unpacks his contrarian view on why standard economic theory regarding the Federal Reserve and inflation is backward, outlines impending global resource shocks, and details his specific timeline for when #gold and #silver will establish a market bottom before surging higher. Recorded April 27 2026 Timestamps 0:00 Intro 0:55 2026 Warning Tested 02:37 Distribution And Overvaluation 05:08 Private Credit Leverage Trap 12:57 AI Hype And Defensive Plays 22:38 Metals Dip Then Surge 24:29 Time Horizon Over Trading 26:27 Know Your Portfolio 28:19 Fed Bailouts And Inflation 34:12 Energy Shocks And Wrap Up

Bitcoin faces critical tests as markets waver Over the past seven days, Bitcoin has pierced the top of its daily TBO Cloud on three separate occasions, demonstrating notable short-term strength despite Monday’s -1.64% decline. This mirrors the November 2021–January 2022 cycle, where a -52% pullback from the all-time high to the mid-January low preceded a recovery to the cloud’s upper boundary. The next critical watch is for a TBT bearish divergence coinciding with a sizable red daily candle, which last occurred on April 6, 2022... Full commentary at Kitco: https://www.kitco.com/opinion/2026-04-28/bitcoin-faces-critical-tests-markets-waver @MooninPapa

Malawi sells domestic gold reserves to cover rising fuel costs The ongoing war in Iran and the resulting global energy crisis continues to force central banks to monetize their gold reserves. On Friday, the Reserve Bank of Malawi said that it sold 590 kilograms of gold, more than half a tonne, to raise $78 million to cover rising fuel costs. In an interview with Reuters, central bank spokesperson Boston Maliketi Banda said that the #gold it sold was from local artisanal miners... Full story at Kitco: https://www.kitco.com/news/article/2026-04-28/malawi-sells-domestic-gold-reserves-cover-rising-fuel-costs

A macro view as FOMC week begins Fears about “inflation” the war-driven rise in prices of certain commodities and their knock-on effects have bounced Treasury yields a bit. The 10-2 yield curve has flattened under this pressure as the market weighs whether or not this will manifest in a more hawkish Fed. Interestingly, CME Group traders now hold a majority view of the Fed holding rates steady into June, 2027! I’ll believe that when I see it. Especially since we’ve come to view CME as little more than a wind sock for the direction the wind is blowing at any given time. Regardless, the bond market – through its most important feature, the yield curve – implies a firm Fed, Warsh or no Warsh... Full commentary at Kitco: https://www.kitco.com/opinion/2026-04-28/macro-view-fomc-week-begins

‘Gold remains the strategic allocation, while silver remains the tactical opportunity’ – Saxo Bank’s Hansen #Oil-led inflation risks, not geopolitics, are driving near-term weakness in precious metals, and while #gold's pullback looks cyclical rather than structural, #silver’s vulnerability to industrial demand and investment flows makes it more fragile, according to @Ole_S_Hansen, Head of Commodity Strategy at @saxobank. Hansen noted that “rising energy prices, a stronger dollar, firmer inflation expectations and a renewed higher-for-longer view on US interest rates have together created a more challenging short-term environment for non-yielding assets,” which have driven gold prices to a three-week low... Full article at Kitco: https://www.kitco.com/news/article/2026-04-28/gold-remains-strategic-allocation-while-silver-remains-tactical-opportunity

Gold Will Fall First, Then ‘Fly Sky High,’ Bert Dohmen Says Are we facing a perfect storm of illiquidity? Bert Dohmen returns to Kitco News to put his 2026 market warning to the test, revealing how institutional investors are actively distributing risk to retail investors while masking deep systemic vulnerabilities. > Full Interview at Kitco: https://www.youtube.com/watch?v=J4GUq0rI3K0 Dohmen breaks down the hidden dangers inside the private credit market, explaining why major funds are freezing redemptions and getting caught in a leverage trap that will lead markets "into the abyss." He also unpacks his contrarian view on why standard economic theory regarding the Federal Reserve and inflation is backward, outlines impending global resource shocks, and details his specific timeline for when #gold and #silver will establish a market bottom before surging higher. Recorded April 27 2026 Timestamps 0:00 Intro 0:55 2026 Warning Tested 02:37 Distribution And Overvaluation 05:08 Private Credit Leverage Trap 12:57 AI Hype And Defensive Plays 22:38 Metals Dip Then Surge 24:29 Time Horizon Over Trading 26:27 Know Your Portfolio 28:19 Fed Bailouts And Inflation 34:12 Energy Shocks And Wrap Up

Bitcoin faces critical tests as markets waver Over the past seven days, Bitcoin has pierced the top of its daily TBO Cloud on three separate occasions, demonstrating notable short-term strength despite Monday’s -1.64% decline. This mirrors the November 2021–January 2022 cycle, where a -52% pullback from the all-time high to the mid-January low preceded a recovery to the cloud’s upper boundary. The next critical watch is for a TBT bearish divergence coinciding with a sizable red daily candle, which last occurred on April 6, 2022... Full commentary at Kitco: https://www.kitco.com/opinion/2026-04-28/bitcoin-faces-critical-tests-markets-waver @MooninPapa

Malawi sells domestic gold reserves to cover rising fuel costs The ongoing war in Iran and the resulting global energy crisis continues to force central banks to monetize their gold reserves. On Friday, the Reserve Bank of Malawi said that it sold 590 kilograms of gold, more than half a tonne, to raise $78 million to cover rising fuel costs. In an interview with Reuters, central bank spokesperson Boston Maliketi Banda said that the #gold it sold was from local artisanal miners... Full story at Kitco: https://www.kitco.com/news/article/2026-04-28/malawi-sells-domestic-gold-reserves-cover-rising-fuel-costs

A macro view as FOMC week begins Fears about “inflation” the war-driven rise in prices of certain commodities and their knock-on effects have bounced Treasury yields a bit. The 10-2 yield curve has flattened under this pressure as the market weighs whether or not this will manifest in a more hawkish Fed. Interestingly, CME Group traders now hold a majority view of the Fed holding rates steady into June, 2027! I’ll believe that when I see it. Especially since we’ve come to view CME as little more than a wind sock for the direction the wind is blowing at any given time. Regardless, the bond market – through its most important feature, the yield curve – implies a firm Fed, Warsh or no Warsh... Full commentary at Kitco: https://www.kitco.com/opinion/2026-04-28/macro-view-fomc-week-begins