Gold and silver surged higher following news that consumer inflation eased in June. The drop in consumer inflation splashed cold water on ideas of a Federal Reserve interest rate hike in July, which is a positive factor for precious metals. Steady to lower interest rates tend to be supportive to precious metals, which don’t pay...

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When Gold Changed Everything In January 1848, a carpenter named James Marshall was inspecting a sawmill under construction along the American River near Coloma, California, when he noticed something glimmering in the water. At first, it appeared to be nothing more than a few small flakes of metal. But as word spread and the discovery...

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