Wall Street Breakfast Texas embraces precious metal money
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Jul 1, 2025 Texas is taking a bold step by making gold and silver legal tender, paving the way for a new way to handle everyday transactions. Meanwhile, sports broadcasting is shifting as ESPN and MLB discuss a scaled-back deal. Netflix surprises fans with a new live streaming initiative featuring NASA content. There are also updates on major market movements, highlighting challenges for companies like Tesla in Europe. Plus, Hershey plans to eliminate artificial food dyes by 2027, reflecting a growing trend in food transparency.
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Texas Adopts Gold, Silver Money
- Texas authorized gold and silver as legal tender for everyday financial transactions starting May 2027.
- The new system converts precious metal deposits into dollar amounts via debit cards at point of sale.
Gold Price Outlook
- Gold prices are expected to consolidate at $3,100 to $3,500 per ounce in Q3 as geopolitical tensions ease.
- Banks predict prices will drop to $2,500-$2,700 by late next year, advising gold producers to hedge against declines.
ESPN and MLB Broadcast Talks
- ESPN and MLB talks aim to restore baseball broadcasts on ESPN but with local rights and limited game coverage.
- The previous 35-year deal ended due to disputes over pricing and reduced ESPN game coverage.