US Government Bars Anthropic From Federal Agencies and Contractors

Posted on February 28, 2026 by Olumide Adesina

President Donald Trump ordered US government agencies to cease using Anthropic PBC’s products, ending a dispute between the artificial intelligence behemoth and defense officials over technology safeguards

The Pentagon then deemed Anthropic PBC a supply-chain risk. Defense Secretary Pete Hegseth directed the Pentagon to prohibit any business dealings with Anthropic by its contractors and their associates.

Hegseth gave Anthropic six months to transfer AI services to another supplier in a post on X. Hegseth wrote, “The ideological caprices of Big Tech will never subjugate America’s warfighters.” “This choice is final.”

Hegseth had given the business until Friday to give the Pentagon permission to use the Claude chatbot for any legitimate purpose, free from Anthropic’s usage restrictions.

The company has demanded that Claude not be employed in fully autonomous weapons operations or for widespread surveillance against Americans. Anthropic said in a statement on Friday that it has not heard directly from the government regarding the status of negotiations and that it will contest any designation of supply chain risk in court.

Since its establishment, Anthropic has positioned itself as a business committed to the ethical application of AI to prevent disastrous consequences from the technology. Chief Executive Officer Dario Amodei and Hegseth, who has vowed to eradicate “woke” practices at the expansive agency he oversees, were in a high-stakes conflict over Amodei’s stance.

Gold Climbs as Dollar Slips Amid US Tariff Uncertainty and Middle East Tensions

Posted on February 25, 2026 by Olumide Adesina

Gold increased as traders considered the uncertainty of US import tariffs and Middle East tensions, as the dollar declined.

Gold has stabilized above $5,000 an ounce after more than half of the losses incurred during a historic two-day rout at the beginning of the month. “It appears that an upward breakout is imminent,” stated Yuxuan Tang, who is the head of macro strategy for Asia at JP Morgan Private Bank.

Iran risk and tariff uncertainty are two elements that “may prove sufficient to catalyze a more sustained shift,” according to her.

Donald Trump’s universal 10 percent import tax went into effect in the United States on Tuesday, following the Supreme Court’s decision to overturn his previous reciprocal tariff policy. The president has not formally issued this directive, even though he later threatened to increase the percentage to 15%.

The Trump administration is preparing a series of national security investigations into the effects of specific imports on goods like batteries and industrial chemicals, which could lead to more tariffs. In the meantime, some importers are asking the government to reimburse them for tariffs.

The so-called debasement trade, in which investors have shifted from bonds and currencies to hard assets like gold, is influenced by concerns about growing sovereign debt. Before the sharp decline at the end of January, this was a key factor in the multiyear gold bull run.

Gold, which doesn’t pay interest, may face challenges because of the possibility of a short-term hold on US interest rates. Fed Bank of Boston President Susan Collins stated on Tuesday that rates are likely to remain unchanged “for some time” due to recent economic data that indicates an improvement in the US labor market.

According to minutes released earlier this month from the Fed’s January policy meeting, the US central bank’s officials seemed hesitant to lower borrowing costs.

Silver’s Next Big Squeeze? Fundamentals Point to a 1980-Style Mega Rally Ahead

Posted on February 11, 2026February 11, 2026 by Olumide Adesina

Fundamental action suggests that a larger Silver rally, similar to the 1979–1980 event, might be coming. A significant gap between paper contracts and physical inventory has worsened the COMEX default, especially in the silver market.

The “default” scenario is based on a large difference between the amount of metal promised in future contracts and the actual metal in exchange vaults. Some analysts say silver prices could “reset,” possibly rising toward or above $200 per ounce, if the exchange cannot meet physical delivery demands.

COMEX is said to have between 103 and 120 million ounces of “registered” silver (metal ready for delivery) in stock. Open interest stands at about 429 million ounces.

The “Run” on the Bank indicates that the exchange could run out of silver if even 25% of contract holders demanded physical delivery instead of cash. Recent activity shows that in January 2026 alone, an unusual 40 million ounces were ordered for delivery.

The Bull Case (Robert Kiyosaki and Clive Thompson): Kiyosaki expected silver to hit $200 in 2026, citing a weakening fiat system and industrial demand from solar and AI. Clive Thompson warns that by March 2026, COMEX might run out of deliverable silver. Since gold is the ultimate “anti-dollar” hedge, a silver default could also impact gold, influence credit markets, and the broader financial system, as suggested by Bill Holter’s Systemic Risk Case.

The Skeptical Case (CPM Group): Traditional analysts often say that exchange rules prevent a full collapse by allowing Force Majeure or cash-only settlements, making a true “default” impossible

China Signals Pullback: Banks Urged to Limit US Government Bond Holdings

Posted on February 10, 2026 by Olumide Adesina

Chinese regulators have recommended that financial institutions reduce their holdings of US Treasuries, citing worries about market volatility and concentration risks. According to people who asked not to be named to discuss private discussions, officials told banks to reduce their purchases of US government bonds and told those with significant exposure to reduce their holdings.

China’s state holdings of US Treasuries are exempt from the directive. According to the people, the guidance, which was verbally conveyed to some of the largest banks in the country in recent weeks, reflects officials’ growing concern that holdings of US government debt could expose banks to volatile fluctuations.

The concerns are similar to those expressed by governments and fund managers abroad, in the midst of a developing controversy regarding the dollar’s appeal and the safe-haven status of US debt

US treasuries fell in response to the news, with yields gradually rising across maturities. The dollar’s value declined marginally in relation to its major peers. As early as April, Donald Trump, who spoke with Xi Jinping over the phone last week, intends to meet the Chinese leader at a presidential summit in Beijing.

The regulatory guidance on Treasuries for Chinese banks was issued before last week’s call. The State Administration of Foreign Exchange reported that as of September, Chinese banks held approximately $298 billion in dollar-denominated bonds. How many of those were Treasuries is unknown.

Copper Blasts Past $14,000 as China’s Speculative Mania Fuels Rally

Posted on January 29, 2026 by Olumide Adesina

Copper surged by the most in over 16 years as metals continued their dramatic start to the year, driven by a wave of intense speculative trading in China.

Investors are pouring money into base metals on the Shanghai Futures Exchange, expecting greater US growth and increased spending on data centers, robotics, and power infrastructure. Global prices are rising as a result, with copper hitting a record high of $14,125 per ton on the London Metal Exchange, up 7.9%.

China’s leading commodities trading platform is the Shanghai bourse, and sporadic periods of intense trading on the exchange have frequently sparked significant changes in international markets. As of last week, January was already the busiest month ever for the six base metals on the SHFE, and on Thursday, copper recorded its second-highest daily trading volumes ever.

A declining US dollar, increased demand for tangible assets, and heightened geopolitical tensions as the Trump administration pursues a more assertive foreign policy have all contributed to commodities’ eye-watering recent weeks. The rally has most recently been aided by conjecture that the next head of the Federal Reserve will be more dovish than Jerome Powell.

Precious metals, including copper, which is essential to the energy transition, have reached record highs. Even crude oil, which was hampered by worries about a global glut last year, has increased recently. According to Eric Liu, deputy general manager of ASK Resources Co., “commodities are taking turns to rally.”

The price of copper has been hovering around $13,000, and money has been accumulating over the metal for a while. As of 8:19 a.m., copper had increased by 6.4% to $13,922.50 per ton on the LME.

Silver Surge Crowns Hindustan Zinc India’s Top Metals Giant

Posted on January 23, 2026 by Olumide Adesina

Hindustan Zinc Ltd. has benefited from silver’s rally. to surpass some of its biggest competitors, including parent Vedanta Ltd., and become the largest metals company in India by market capitalization. One of the nation’s largest manufacturers of white metal, the company’s stock increased more than 6% on Friday, surpassing 15% in gains so far this year. The company’s market value increased to over $32 billion, marginally surpassing that of leading competitor JSW Steel Ltd.

Gold and silver reached all-time highs as concerns about a damaging trade war between the US and Europe grew, following President Donald Trump’s increasing push to annex Greenland. As the dollar was affected by Trump’s aggression and demand for safe havens increased, spot gold was trading near $4,670 per ounce, while silver rose by as much as 4.4%.

The United States will impose tariffs on eight European nations that oppose the plan to acquire Greenland, including France, Germany, and the United Kingdom. In February, the 10% levy will take effect. 1 and rose to 25% in June.

European leaders will meet urgently in the coming days to discuss possible countermeasures. Member states are debating a variety of options for how to respond, including retaliatory levies on US goods valued at €93 billion ($108 billion), according to people familiar with the discussions.

The EU can respond to coercive trade measures in several ways thanks to the ACI, the bloc’s most potent retaliation tool. According to Charu Chanana, chief investment strategist at Saxo Markets in Singapore, the Greenland-inspired tensions are distinct from the Liberation Day tariffs of the previous year because they “point to a deeper geopolitical fault line.” Referring to NATO, she stated, “Using tariff threats inside the alliance is a kind of trust shock that can leave a stickier risk premium.”

Precious metals have risen sharply this year after the US detained Venezuela’s leader in 2025 and then escalated its threats to seize Greenland. Furthermore, the Trump administration has stepped up its criticism of the Federal Reserve, casting doubt on its independence and promoting the debasement trade, in which investors avoid government bonds and currencies because they are concerned about the amount of debt.

China’s Silver Squeeze Sparks Mayhem: $80 Breakthrough Fuels Bubble

Posted on January 2, 2026January 2, 2026 by Olumide Adesina

Silver sank after breaking above $80 per ounce for the first time amid a historic rally driven by speculative trading and a persistent mismatch between supply and demand.

Increased central bank purchases, inflows into exchange-traded funds, and three consecutive rate cuts by the Federal Reserve have made precious metals hot in recent months.

The value of China’s only pure-play silver fund dropped by its daily maximum of 10%, ending a wild bull run that led the fund’s manager to issue rare warnings. The sudden decline in the UBS SDIC Silver Futures Fund LOF follows weeks of gains driven by increasing global interest in precious metals, which the manager called “unsustainable.” Spot silver is on track for its best annual performance since 1979 after reaching a record high of $72.70 per ounce on Wednesday.

UBS SDIC Fund Management Co. announced new restrictions after three consecutive days this week of exceeding the 10% upward limit. Starting in December, there will be a cap on new Class C share subscriptions, typically the best option for short-term investors, decreasing from 500 yuan to 26-100 yuan ($14.25), according to a statement on the fund manager’s website. Strong investor interest in precious metals has focused on silver, with a historic short squeeze in October fueling the notable global spot price rally.

Palladium, gold, and platinum have all surged, and other Chinese funds linked to these metals have also seen significant gains, as investors caution. This year, the silver fund has surged by nearly 220%, while Shanghai-traded silver futures have risen about 128%. The premium over the underlying asset jumped from 7% at the start of the month to nearly 62% by Wednesday. As the fund’s value declined and futures rose, this premium is expected to decrease on Thursday.

Commodities that do not pay interest benefit significantly from lower borrowing costs, with traders betting on additional rate reductions in 2026. Physical premiums have hit extreme levels due to relentless industrial demand from solar panels, EVs, AI data centers, and electronics, pushing against dwindling inventories. Elon Musk’s weekend remarks highlighting the growing investor frenzy around precious metals triggered Monday’s early momentum.

“This is not good,” Musk said on X in response to a tweet about Chinese export restrictions.

Many industrial processes rely on silver. The US’s blockade of oil tankers in Venezuela and Washington’s actions against the Islamic State in Nigeria over the past week have increased the appeal of these metals as safe havens. Silver inventories are at their lowest point ever, raising the risk of supply shortages that could impact several industries.

Bullion Rally: Gold Hits Near Seven-Week Peak, Targets $4K/Oz

Posted on December 15, 2025 by Olumide Adesina

The bullion asset rose to seven-week highs above $4,320 per ounce. The precious metal rallied on the possibility that the US Federal Reserve (Fed) will lower interest rates next year. Lower interest rates could support the non-yielding precious metal by taming gold’s opportunity cost

Furthermore, the risk-averse bias and uncertainty may increase safe-haven flows, which would raise the price of the yellow metal. However, last week’s hawkish comments from Fed officials may help the US dollar.
Traders will take more cues from the speeches by Fed Governor Stephen Miran and New York Fed President John Williams later on Monday.
Gold is trading in positive territory today. As long as the price stays above the crucial 100-day Exponential Moving Average, the precious metal’s positive outlook will continue.

Additionally, the 14-day Relative Strength Index (RSI), which is above the midline at 68.75, supports the upward momentum. This illustrates the yellow metal’s bullish momentum. Silver has more than doubled, and the yellow metal has increased by more than 60 percent this year, both on track for their best yearly results since 1979.

Gold went bullish after conflicting statements from Federal Reserve officials led metal traders to reduce bets on additional monetary easing in the world’s largest economy next year. Global risk appetite has decreased due to skepticism that tech stocks, which have propelled global benchmarks to all-time highs, can sustain their high valuations and aggressive AI spending.

The first upside barrier to watch is the $4,345–$4,355 range, which is both the high of December 12 and the upper limit of the Bollinger Band. XAU/USD could return to its all-time high of $4,381 if there is sustained upward momentum. The next resistance level is situated at the $4,400 psychological mark

Copper Claws Back Gains With Base Metals After Friday’s 3% Tumble

Posted on December 15, 2025 by Olumide Adesina

Copper regained some of Friday’s steep decline as investors shifted their focus to the outlook for a tighter market in 2026.

The industrial metal increased by up to 1.5% on the London Metal Exchange after dropping 3% the previous session, as a selloff in shares related to artificial intelligence raised concerns about demand for the metal used in electrical wiring and renewable energy equipment.

This year, copper has surged 30% following mine disruptions that reduced supply and as traders send large volumes to the US in anticipation of potential import tariffs. Additionally, a wave of investment in green energy and power infrastructure has fueled optimism about long-term demand.

However, Friday’s drop highlights how the metal’s fortunes are now partly connected to the US tech boom and are susceptible to any decline in enthusiasm for artificial intelligence and tech valuations.

Copper increased 1.2% to $11,656.50 a ton on the LME as of 12:42 p.m. in Shanghai, after reaching a record high near $12,000 a ton on Friday before pulling back due to Wall Street’s tech selloff. Zinc rose 1.1% on Monday, and aluminium was up 0.4%.

Rivian Stock Tumbles 6% as In-House AI Chip Bids Farewell to Nvidia

Posted on December 12, 2025 by Olumide Adesina

Rivian revealed its own artificial intelligence chip designed to replace Nvidia technology as part of a broader effort to improve automated-driving features in future vehicles, which caused its stock to lose 6% on Thursday.

Rivian Autonomy Processor 1 chips and a new lidar sensor will be installed in the automaker’s upcoming R2 sport utility vehicles.

Taiwan Semiconductor Manufacturing Co. will produce the chips that will support Rivian’s goal of eventually offering autonomous driving capabilities when paired with the new sensor and AI model developments. In an interview, RJ Scaringe, Rivian’s CEO, stated, “This is not a bet one takes lightly; this is a huge commitment that has taken us years.”

Typically, reducing expenses while improving performance is difficult. However, here we lowered costs by hundreds of dollars per vehicle while also significantly boosting performance. Nvidia is currently the world’s most valuable company, leading in chips used in data centers to train AI models.

The company’s automotive chip division remains small, accounting for only about 1% of sales, but it aims to expand. By developing its own in-car chips and making them standard hardware to justify the investment, Tesla has defied the outsourcing trend.

The Elon Musk-led company has also adopted a camera-only strategy, claiming it more closely resembles human driving and that additional sensors like lidar are too costly. Rivian disagrees, supporting many robotaxi and automakers that emphasize lidar’s ability to monitor a vehicle’s environment and support other sensors.

Delivery of Rivian’s R2 will begin shortly after it enters production in the first half of 2026. Since the initial models won’t have the new chip or lidar, their automated driving features will be more limited. Rivian will gradually roll out software updates starting in 2027 that will enable its cars to travel from one place to another without drivers needing to keep their hands on the wheel or their eyes on the road.

Initially, this will apply only to highways before expanding to other types of roads. Rivian’s main goal is to convince customers and investors to see it as a higher-margin software company that can support autonomous driving of personal vehicles.