In addition, a frenzied global rush for gold and silver bullion has unfolded, with major dealers racing to move metal into the U.S. ahead of any potential tariff imposition.
Maharrey explains that fears of tariffs on precious metals are driving a significant shift in bullion from London to the U.S., creating market distortions.
According to the Bureau of Labor Statistics, real average hourly earnings increased modestly by 1.0 percent, seasonally adjusted, from December 2023 to December 2024.
