News

'Russian Collusion' Redux: The Tenet Media Psy-Op Authored by Brandon Smith via Alt-Market.us, As a liberty writer and economist I have been working within the alternative media for almost 20 years now. I was there at the inception of what we consider the modern counter-media movement, when a scattering of radio hosts, writers and video bloggers started to come together to create perhaps the greatest unsung information revolution in decades. It was this era in which the mainstream corporate news started to lose their audience by the millions. This was also the advent of the Ron […]

These Are The States With The Most Million-Dollar Homes Million-dollar homes are becoming more common, with the U.S. having 621 cities where a typical home is worth $1 million or more. While high interest rates have caused commercial real estate prices to fall, it hasn’t had the same impact on the residential market. Housing inventory has increased, but it still remains below average historical levels. At the same time, while mortgage rates have fallen, U.S. home prices continue to climb, nearing record highs. This graphic, via Visual Capitalist's Dorothy Neufeld, shows the […]

6 Proven Nutritional Strategies For Building Muscle Authored by Sheramy Tsai via The Epoch Times (emphasis ours), Pumping iron at the gym is only half the muscle-building battle. The adage “muscles are built in the kitchen” rings truer than ever. Foods and supplements you choose can amplify your workouts, turning efforts into visible results. With countless options available on the market, finding the most effective can be overwhelming. This guide cuts through the noise to help you fuel your body for optimal muscle growth. 1. Prioritize Protein Protein is the foundation […]

US Women's Life Expectancy Is The Lowest Among Developed Nations In this graphic, Visual Capitalist's Marcus Lu shows female life expectancy at birth across a selection of high-income countries, based on data compiled by The Commonwealth Fund. It highlights how women’s life expectancy in the U.S. is at least two years lower than its peers, despite the country spending more on health care... Data and Key Takeaways The figures we used to create this graphic are listed in the table below. Data availability for life expectancy at birth varied and is as […]

Overthrowing The Constitution: All Sides Are Waging War On Our Freedoms Authored by John & Nisha Whitehead via The Rutherford Institute, “We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.”  - Abraham Lincoln It is both apt and ironic that the anniversary of 9/11, which paved the way for the government to overthrow the Constitution, occurs the week before the anniversary of the day the U.S. Constitution was adopted on September 17, 1787. All sides are still […]

China Raises Retirement Age For First Time Since 1978, Sparking Social Fury A few weeks ago, we warned that the entire Chinese experiment was on the verge of collapse because while on one hand the welfare state was crumbling due to Beijing's stubborn insistence not to stimulate the economy at any cost (normally, it would be admirable to be so stubbornly insistent  on austerity but when austerity threatens social collapse, it may be time to reassess), this was accentuated by an explosion in social unrest as youth unemployment soared, and worker strikes surged across the nation. […]

The US Is As Close As Ever To Saudi Arabia, 23 Years After 9-11 Authored by Aaron Sobczak via The Mises Institute, The legacy of 9-11 is full of misinformation and misguided policy initiatives. Rather than taking seriously the motives of the hijackers and their supporters, American politicians went head first into creating a massive surveillance state and growing the American presence overseas. What is worse is that not all of the masterminds are identified by Washington. While we know firmly that actors with connection to the Saudi General Intelligence Presidency (GIP) were at […]

Today one of the greats in the business that predicted at the beginning of 2024 that this would be a huge year for gold spoke with King World News about gold and the death of the dollar. The post Gold And The Death Of The Dollar appeared first on King World News.

Biden Admin Unveils New Global War On Russia's RT News Washington has now taken its war against Russia's state funded English language broadcaster RT to a global level, and is urging all nations to block its broadcasts and close down offices. Already back in 2022 after being officially branded a foreign agent by the US government which resulted in major platforms dropping its programing, RT America's offices in the US were shuttered and it was effectively booted from the country. But on Friday the Biden administration unveiled a new effort which seeks to expose RT as part of […]

Netanyahu's Popularity Surges Despite Large Protests In Tel Aviv: Poll Via The Cradle An opinion poll published on Friday showed Israeli Prime Minister Benjamin Netanyahu's Likud party would win the largest number seats in the parliament if an election were held now. The poll, published in the Hebrew language Maariv newspaper, showed Likud winning 24 Knesset seats, against the 32 the party now holds. The National Unity Party led by former general Benny Gantz would receive 21 seats. Via Associated Press Though Likud would win the most seats, Netanyahu’s ruling coalition, […]

Gold shorts continue to get squeezed as the price of gold futures closed the week at a record high above $2,600. Silver also had a very impressive week closing above $31, close to an important breakout level that will propel the price to the $40-$50 area. The post Gold Shorts Squeezed As Price Of Gold Breaks Above $2,600 appeared first on King World News.

Attention Consumers: US Chicken Supplies Growing Quicker-Than-Expected As Prices Slide  New insights from the US Department of Agriculture show an optimistic forecast of improving US chicken supplies. This signals that lower supermarket prices for chicken breasts and nuggets could be ahead amid a food inflation storm.  The USDA said in a report on Thursday that domestic broiler production is expected to reach 47.1 billion pounds this year, a 1.6% rise from 2023 figures. As of a July report, the agency expected an increase of only .8% before hiking the supply outlook for two […]

"American Democracy Doesn't Survive": Brown Prof Joins Counter-Constitutional Movement Authored by Jonathan Turley, We have been discussing a slew of books and interviews by academics denouncing the Constitution or individual rights as a threat to democracy. The latest is Brown University Political Science Professor Corey Brettschneider who is warning about the “dangers of the Constitution.” It is all part of a counter-constitutional movement challenging the very documents that have protected freedoms for centuries. It is hardly a perfect record, but it has served the […]

Tesla Robotaxi Prototype Reportedly Maneuvering Around LA Studio  An image of a heavily camouflaged vehicle navigating Warner Bros. Discovery Studios in Los Angeles has surfaced on X. This comes ahead of the Tesla Robotaxi's big unveiling in early October on the studio's grounds. According to the EV blog Teslarati: The Tesla hacker's observations were seemingly confirmed by r/TeslaMotors subreddit member u/dent3dwheel, who noted that for the last week, Tesla has been driving a fleet of test vehicles around the Warner Brothers Studio. These comments were reiterated by […]

It's Also "Disinformation" When Our Government Does It Authored by Connor O'Keefe via The Mises Institute, In recent weeks, there have been a series of stories about the government cracking down on foreign agents allegedly working to influence the 2024 election. First, the intelligence community linked the Iranian government to a hacking of Trump campaign documents. Then the federal government seized several websites it claims were linked to a Russian campaign to circulate disinformation—meaning deliberately spread false information. The biggest story came last week when […]

SEC "Regrets Any Confusion" From Dubbing Crypto Tokens As Securities; New Filing Shows According to a footnote in a Sept. 12 court filing, the United States Securities and Exchange Commission has retracted its longstanding characterization of cryptocurrencies as “securities” and intends to use more careful language in the future.  Specifically, as CoinTelegraph's Alex O'Donnell reports, the retraction arose from the SEC’s ongoing lawsuit against crypto exchange Binance for allegedly offering and selling unregistered securities. In a 2023 complaint, the SEC identified 10 […]

Homeowners Association Legislation Offers Opportunity For Reform Authored by Juan Carlos Porras via RealClearFlorida, For many Floridians, living within a Homeowners Association (HOA) can feel like navigating a complex web of rules and regulations that often seem more restrictive than beneficial or sometimes even predatory. A recent survey conducted by the Florida Homeowners Association Reform Coalition reveals just how pervasive this sentiment is. The poll found that a staggering 72% of respondents are dissatisfied with their HOA experiences, with a notable 65% pointing to a […]

Post-Debate: Undecided Voters Pick Trump As Nate Silver Sees Electoral College Path To Victory Whatever you think of Donald Trump's performance during Monday's debate, or the fact that Kamala Harris didn't turn into a puddle of word salad before our very eyes, it didn't hurt the former president. According to several post-debate polls, Trump not only gained swing voters, pollster Nate Silver projects that Trump will win the election. 🚨 BREAKING: Trump ticks back to being the 61% favorite in Nate Silver’s election model after more polls release 🔴 Trump: 61% (+22.3) […]

Taking From Peter To Give To Paul Is Not America Authored by Star Parker via The Epoch Times, A newspaper story several years ago reported about an elementary school teacher who held elections in his class. The students picked their candidates—one little boy competing against one little girl. The little boy stood up before the class and shared his ideas for changes that would improve their lives. The little girl stood up and promised that everyone who voted for her would get ice cream. The little girl won, hands down. Maybe it’s a cute story about 10-year-olds. But […]

Gold's 25% surge this year outperforms many key assets, validating its investment value. Gold's outlook looks strong, with potential for further gains

Money-Market Fund Assets Hit Another New Record High as Domestic Bank Depos Surge To Pre-SVB Levels Amid all the volatility of the last few weeks in stocks, money markets have seen a constant inflow of funds (six straight weeks) with the last week adding $23.4BN to total MM fund AUM to a new record high of $6.324TN... Source: Bloomberg That is $188BN of inflow in six weeks - the biggest since the turn of the year seasonal flows. At the same time, US banks saw almost $53BN of deposit inflows in the week-ending 09/04, pushing total (seasonally-adjusted) deposits to their […]

What You Don't Know Might Surprise You Authored by James Howard Kunstler's substack, “One debate doesn’t change the issues Americans are facing every day.” - James Rickards By now, you’ve probably heard enough debate about The Debate, so I’ll spotlight only a few points everybody else left out. You might know this, but Hollywood plays a larger role in the Kamala campaign than just stuffing the endorsements of celebs such as George Clooney, Taylor Swift, and John Legend into the corporate media tank. In fact, much bigger playas, Jeffrey Katzenberg and Steven […]

Nvidia & NikiLeaks Spark Surge In Stocks, Gold, & Crypto This Week An event-full week (US CPI, US PPI, Presidential debate, ECB rate decision, and WSJ Fed whispers) left stocks, bonds, gold, crypto, and crude all higher in price, while the dollar was clubbed like a baby seal. Soft survey data continues to rebound higher (full of hope) while hard data - most notably labor market-related - has been significantly lagging expectations... Source: Bloomberg ...which, along with comments from The Wall Street Journal's Fed-Whisperer (NikiLeaks) on discussions about a 50bps […]

President Trump Vows To "End Marxist Crusade" Aimed At Abolishing Suburbs Four years ago, former President Trump warned suburban Americans that radical leftists within the Biden-Harris administration were pushing policies that could eventually "abolish the suburbs." At the time, far-left corporate media outlets mocked Trump, dismissing his warnings as 'outlandish.' Here's Trump back in 2020: Q: What do you mean by invasion into suburbs if Joe Biden is elected? Trump: "They're going to be opening up areas of your neighborhood. For many reasons they're going to in my opinion […]

The Clash Of The 'Dollar General' Versus 'Ferrari' Economies Authored by Michael Wilkerson via The Epoch Times, With equity markets, real estate, and other financial asset values at or near all-time highs, that small minority of citizens who primarily benefit from the Wall Street economy have never been more well-off in financial terms, at least on paper. On the other hand, the vast majority of Americans in the Main Street economy, i.e., those who rely on real-world jobs with salaries, hourly wages, and other earnings from their labor, continue to fall further and further […]

Moscow Expels 6 British Diplomats Over Alleged Espionage Since the Russia-Ukraine war began in February 2022, there have been periodic tit-for-tat waves of punitive actions unleashed on diplomats on either side of the conflict between Moscow and the West. This has often centered on accusations of spying and espionage. It's no secret that nations often use embassies and consulates to place deep cover intelligence operatives, often posing as diplomats. That's exactly what Russia is newly alleging in expelling six British diplomats on Friday. Russia's Federal Security Service […]

UK's Starmer, Canada's Trudeau, Pressure Biden To Escalate With Russia Despite Putin Warning Of 'War' With NATO Update(1450ET): Kirby came out on Friday and told reporters that there's been no change in US policy regarding Ukraine using Western arms for long-rage strikes inside Russia. But the pressure is quickly ramping up: first Canada's Trudeau said he supports greenlighting this, despite Putin making clear this would mean 'direct war' between Russia and NATO, and now UK Prime Minister Keir Starmer is coming out in support. According to breaking reporting in The Wall Street […]

Wall Street is experiencing a significant shift in investment strategies as traders increasingly bet on a substantial Federal Reserve rate cut. This has led to a rotation from tech giants to smaller, economically sensitive stocks. The Russell 2000 index of smaller firms outperformed tech megacaps, while an equal-weighted version of the S&P 500 beat the standard benchmark. This rotation suggests a broadening of the market rally beyond the handful of tech companies that have dominated gains so far this year, as investors anticipate that Fed rate cuts will boost the broader economy.

This Isn't Your Grandfather's Monetary And Fiscal Policy Authored by Jane Johnson via The Mises Institute,m Does Any Daylight Exist Between Monetary and Fiscal Policy? Conventional wisdom has it that the Federal Reserve system (the “Fed”) and the US Treasury Department are two separate entities. Congress created the Fed in 1913 as a legally and financially independent federal agency, privately owned by its member banks, with no funding from the federal budget. The US Treasury, on the other hand, is an Executive-branch cabinet-level department reporting directly to the […]

Silver is much more than just a precious metal... It’s a marvel that has fascinated humanity for thousands of years.

With the price of gold breaking to a new record high above $2,600, look at this amazing commentary about today vs 1970s. The post Gold Breaks Above $2,600 But Look At This Amazing Commentary About Today vs 1970s appeared first on King World News.

The yield curve, a well-known recession indicator, has recently "uninverted," with the 2-year Treasury yield falling below the 10-year yield. While this might seem positive, historical patterns suggest that when this uninversion occurs just before the Federal Reserve starts cutting interest rates, it can still signal an impending recession. However, experts caution against relying solely on this indicator, as there have been instances where uninversion didn't lead to an immediate economic downturn. The current economic landscape, including recent job reports and inflation data, adds […]

Gold prices have reached new record highs, driven by expectations of interest rate cuts by the Federal Reserve and other central banks. The precious metal's value has surged nearly 25% this year, benefiting from economic uncertainties, geopolitical tensions, and its status as a safe-haven asset. Investors are closely watching for signals from the Fed's upcoming meeting, with most anticipating a rate cut that could further boost gold's appeal compared to interest-bearing assets.

The dollar weakened and gold reached a record high as investors reassessed the likelihood of a significant interest rate cut by the Federal Reserve next week. Reports from major financial publications suggested the decision could be closer than previously thought, causing a shift in market expectations. This led to a rally in stocks, Treasury prices, and commodities, while the dollar fell to its lowest point this year against the yen.

On the heels of gold futures hitting a new all-time high, here is a look at Russia, the BRICS and a gold-backed currency. The post Russia, BRICS And A Gold-Backed Currency appeared first on King World News.

Today the price of gold futures hit an all-time high $2,580 as central banks continue to stockpile gold, even at record prices. The post GOLD HITS RECORD $2,580 – Central Banks Still Stockpiling Gold, Even At Record Prices appeared first on King World News.

Gold prices are maintaining a bullish trend above $2,512 despite headwinds from rising US Treasury yields and a strong US Dollar. The recent CPI report showing cooling inflation has increased expectations of a modest 25-basis-point rate cut by the Federal Reserve. While gold faces resistance at $2,539, it could potentially rally to $2,548 if momentum persists. However, shifting risk sentiment and China's economic challenges may limit gold's upside. The market remains sensitive to upcoming economic data and Fed decisions, with gold's resilience reflecting underlying economic uncertainties.

China's gold market in August showed mixed signals, with the LBMA Gold Price AM in USD rising 4.3% while the Shanghai Gold Benchmark PM in RMB increased by only 1.7%. Gold withdrawals from the Shanghai Gold Exchange increased month-over-month but fell year-over-year, reflecting weak local demand despite seasonal factors. Chinese gold ETFs experienced their first monthly outflow since November 2023, likely due to profit-taking. However, gold futures volumes on the Shanghai Futures Exchange reached their highest level since April. Looking ahead, seasonal demand may improve, but economic […]

The U.S. Producer Price Index (PPI) increased by 0.2% in August compared to July, meeting economists' expectations. This follows the release of consumer inflation data the previous day. On an annual basis, producer prices rose by 1.7%. The core PPI, which excludes food and energy prices, showed a slightly higher increase of 0.3% month-over-month, surpassing the anticipated 0.2% rise. This data provides insight into inflationary pressures at the wholesale level, which can eventually impact consumer prices.

The materials sector experienced a slight uptick following the release of inflation data, as investors anticipate a potential rate cut from the Federal Reserve in the upcoming week. Consumer prices rose 2.5% in August, meeting expectations, while core prices exceeded forecasts. Gold futures remained near record highs, and lithium miners saw gains due to potential supply constraints from a major Chinese battery manufacturer considering production suspensions.

The European Central Bank (ECB) has implemented a second interest rate cut, lowering its benchmark rate by 0.25 percentage points to 3.5% as inflation in the eurozone continues to decline. This move aims to stimulate economic growth by reducing borrowing costs for businesses and consumers. While inflation has significantly decreased from its peak, the ECB remains cautious about future rate cuts, emphasizing a data-dependent approach. The bank's decision reflects a delicate balance between supporting economic growth and ensuring inflation remains under control, with ECB President Christine […]

Hurricane Francine's impact on U.S. oil production has caused a modest increase in crude oil prices, with Brent and WTI futures rising by about 1%. The storm has disrupted offshore platforms and coastal refineries in the Gulf of Mexico, leading to concerns about short-term supply tightening. However, the price gains are limited due to a generally weak demand outlook, particularly from China, and recent increases in U.S. oil inventories.

In this short update from Mike Maloney at the Limitless conference, you’ll be introduced to the very first client of GoldSilver.com

The setup in gold and silver is extremely powerful. This will be a very long and strong phase of the bull market in the precious metals, despite periods of shakeouts. Take a look... The post Silver Coiling To Blastoff, Plus A Look At Gold, Commodities And Inflation appeared first on King World News.

Gold is poised for a potential breakout above its recent trading range, with prices approaching the upper limit of $2,530. Technical indicators suggest bullish momentum, though some caution remains. A successful breach could lead to new all-time highs, while failure may result in a pullback. The upcoming US CPI data release could be a key catalyst for gold's next move, as investors weigh inflation trends and their impact on Federal Reserve policy.

Chinese traders and investors have emerged as a dominant force in the global gold market, driving prices to record highs in early 2024. This shift in market dynamics has seen Chinese speculators on the Shanghai Futures Exchange and Shanghai Gold Exchange significantly increase their trading volumes and open interest in gold futures. Meanwhile, Western investors, particularly in the U.S., have been reducing their gold holdings. This trend highlights a growing Eastern influence on gold prices, potentially setting the stage for further price increases as Chinese demand continues to surge, […]

The first U.S. presidential debate between Vice President Kamala Harris and former President Donald Trump has caused ripples in financial markets. Harris' strong performance led to a dip in U.S. stock futures, a weakening dollar, and rallying bond prices as investors adjusted their expectations for future interest rates and government spending. The debate, which covered topics like abortion, the economy, and immigration, left markets cautious ahead of upcoming U.S. inflation data. European shares bucked the trend, rising on concerns about hurricane-related oil production disruptions. The […]

India has announced new tariffs of 12-30% on certain steel products imported from China and Vietnam, effective for the next five years. This move aims to protect and strengthen the domestic steel industry, which has been facing pressure from cheaper imports. The tariffs specifically target welded stainless steel pipes and tubes, reflecting India's ongoing efforts to balance its economic interests with its complex relationships with China and Vietnam. This decision comes amid broader tensions with China and follows a recent anti-dumping investigation into Vietnamese steel imports, highlighting […]

The August US Consumer Price Index (CPI) report revealed an unexpected uptick in underlying inflation, primarily driven by rising shelter costs. Core CPI, which excludes food and energy, increased 0.3% from July and 3.2% year-over-year, surpassing economist expectations. Shelter prices, particularly owners' equivalent rent, saw significant gains, contradicting predictions of a slowdown. While overall inflation eased to 2.5% annually, the persistence of housing-related inflation and increases in categories like airfares offset declines in energy and used vehicle costs. This report has […]

Warren Buffett's Berkshire Hathaway continues to reduce its stake in Bank of America, selling $228.7 million worth of shares in early September. This latest sale brings the total divestment since mid-July to $7.19 billion, lowering Berkshire's ownership to 11.1%. Despite remaining the largest shareholder, Berkshire's ongoing sales have sparked speculation about the motivations behind the move. Bank of America's CEO Brian Moynihan acknowledged Buffett as a valuable investor but admitted uncertainty about the reasons for the sell-off. Some analysts suggest Berkshire may be aiming to reduce its […]

The Federal Reserve's 2% inflation target, established in 2012, serves as a benchmark for maintaining price stability and economic health. Recent data shows inflation moderating towards this goal, with August's Consumer Price Index rising 2.5% annually. This trend, coupled with a slowing labor market, suggests the Fed may consider rate cuts soon. The 2% target provides a buffer, allowing the central bank to adjust interest rates as needed to support economic growth and employment without risking deflation. This approach gives the Fed flexibility to respond to economic fluctuations while […]

The latest Consumer Price Index (CPI) report shows that US inflation has continued to moderate, reaching its lowest annual rate since early 2021. In August, consumer prices rose 2.5% compared to the previous year, down from 2.9% in July. This deceleration in inflation, driven by falling gasoline and used car prices, aligns with economist expectations and brings the rate closer to the Federal Reserve's 2% target. While core inflation, which excludes volatile food and energy prices, remained steady at 3.2% annually, the overall trend suggests that the Fed may consider rate cuts in the near […]

Former President Donald Trump and Vice President Kamala Harris engaged in their first presidential debate on Tuesday in Philadelphia, clashing on various economic issues. The candidates sparred over topics such as tariffs, inflation, and energy policies, presenting their contrasting visions for America's economic future. Their statements on these matters were subjected to fact-checking, revealing a mix of accurate claims and exaggerations from both sides as they sought to appeal to voters ahead of the upcoming election.

With the Dow plunging more than 700, and the Fed about to cut interest rates, are we on the threshold of another Great Depression? The post DOW PLUNGES 700: On The Threshold Of Another Great Depression appeared first on King World News.

Today the man who helps oversee $150 billion warned the stock market bubble is likely to pop. The post Man Who Oversees $150 billion Warns Stock Market Bubble Likely To Pop appeared first on King World News.

Brazilian authorities conducted a major operation against illegal gold mining in the Amazon, targeting a criminal organization that laundered over 3 tonnes of illegally extracted gold using fraudulent documentation. The operation, centered in Para state, involved arrests, search warrants, asset seizures, and the suspension of companies and licenses. This crackdown highlights the ongoing struggle to combat illegal mining and its associated environmental and social impacts in the Amazon rainforest.

Here is a look at why massive gold and silver moves are about to be unleashed. The post Massive Gold & Silver Moves Are About To Be Unleashed appeared first on King World News.

Gold's recent strong performance, driven by a 20% year-to-date increase, is likely to continue regardless of the US election outcome due to several factors. These include fiscal concerns, safe-haven appeal during economic uncertainty, potential Federal Reserve rate cuts, geopolitical tensions, and de-dollarization efforts by central banks. Both major US political parties are expected to maintain or expand deficit spending, which could boost inflation and support gold prices. Additionally, gold's historical role as a hedge against economic instability and its consistent outperformance of […]

Vice President Kamala Harris and former President Donald Trump are set to face off in their first-ever debate in Philadelphia, with economic issues expected to dominate the discussion. The event promises to be contentious, with Trump likely to label Harris as a communist, while Harris is expected to criticize Trump's economic plans as potentially recessionary. Both campaigns have engaged in pre-debate tactics, with Harris's team using billboards and ads to provoke Trump, while Trump's advisors emphasize Harris's inexperience and the unpredictability of debating Trump. The debate's outcome […]

Join Mike Maloney for an exclusive, behind-the-scenes look at a recent ‘Mastermind’ session, filmed in Dallas, where Mike was invited to speak

OPEC has revised its global oil demand growth forecast downward for both 2024 and 2025, citing recent data and economic challenges, particularly in China. The organization now expects demand to increase by 2.03 million barrels per day in 2024, down from its previous estimate of 2.11 million bpd. This adjustment reflects concerns about China's economic growth, the real estate sector, and the increasing adoption of cleaner energy alternatives. The downward revision underscores the challenges OPEC+ faces in balancing the oil market and comes amid recent price declines, with Brent crude trading […]

Bank of America has announced an increase in its minimum hourly wage to $24, effective next month, as part of its plan to reach $25 per hour by 2025. This raise, up from $23, translates to an annual salary of approximately $50,000 for full-time employees and reflects the bank's commitment to competitive pay, having raised its minimum wage significantly from $15 in 2017. The move aims to attract and retain talent amid a tightening labor market, with Bank of America emphasizing its role as a leader in employee compensation and benefits.

Gold remains steady as investors await the release of crucial US inflation data, which could influence the Federal Reserve's upcoming interest rate decision. The market anticipates potential rate cuts, with expectations of a 25 or 50 basis point reduction at the Fed's September 18 meeting. Lower interest rates typically benefit non-yielding assets like gold. Additionally, geopolitical tensions, economic uncertainties, and seasonal demand from India and China are expected to support gold prices, with some analysts projecting a rise to $2,600 per ounce by year-end.

HSBC strategists have provided insights into the current precious metals market, highlighting the interconnected dynamics of gold, silver, platinum, and palladium. They suggest that silver's recent rally may not be sustainable without support from gold prices, while palladium faces challenges due to weakening equity markets and economic concerns. Platinum, although potentially undervalued below $900 per ounce, is experiencing sluggish demand, particularly from Asian markets. The analysis emphasizes the distinct factors influencing each metal's performance and the broader economic context […]

Gold prices are holding steady around $2,500 an ounce as investors await key US inflation data that could influence the Federal Reserve's decision on interest rate cuts. The precious metal has seen a significant 20% surge this year, driven by central bank purchases and expectations of rate cuts. Upcoming consumer and producer price index figures will be crucial in determining the Fed's next move, with lower inflation potentially encouraging a larger rate cut. Gold's appeal as a non-interest bearing asset and safe-haven investment continues to support its value amid global conflicts and […]

A second coming inflationary wave is waiting to be unleashed as the Fed cuts rates... The post 2nd Inflationary Wave Waiting To Be Unleashed As The Fed Cuts Rates… appeared first on King World News.

The Federal Open Market Committee (FOMC) is expected to cut interest rates in its remaining three meetings of 2024, responding to easing inflation and a softening labor market. FOMC policymakers, including Chair Jerome Powell, have signaled a shift towards less restrictive monetary policy. Markets anticipate steady rate cuts through 2025, potentially ending around 3%, though medium-term projections remain uncertain. The key questions now focus on the magnitude of rate cuts and the level at which the FOMC would consider policy no longer restrictive.

Donald Trump, the Republican presidential nominee, has proposed a new economic policy aimed at maintaining the US dollar's global dominance. At a rally in Wisconsin, Trump pledged to impose a 100% tariff on goods from countries that move away from using the US dollar in international trade. This proposal is part of his broader protectionist trade agenda and follows discussions with his economic advisers on ways to penalize nations seeking alternatives to the dollar. Trump argues that the dollar has been "under major siege" for years, despite it still accounting for 59% of official foreign […]

The Federal Reserve is facing a critical decision on whether to implement a quarter-point or a larger half-point interest rate cut at their September meeting, as recent economic data shows a slowing labor market and cooling inflation. The debate centers on balancing the risk of falling behind the curve and potentially triggering a recession against moving too aggressively. Chair Jerome Powell appears open to a larger cut, while some officials favor a more cautious approach. The decision is crucial for achieving a "soft landing" for the economy and maintaining Powell's legacy. Recent job […]

China is facing a deepening deflationary spiral that threatens to significantly impact its economy. Consumer prices are barely growing in many sectors, and the GDP deflator is expected to continue declining into 2025, potentially marking China's longest period of deflation since records began. This situation is exacerbated by falling wages and weak demand, leading to concerns about a cycle of reduced spending, decreased corporate revenues, and further wage cuts. The scenario draws parallels to Japan's "lost decades," raising alarms about the long-term economic consequences. Despite official […]

Silver prices exhibit seasonal patterns that can be valuable for investors. Analysis of historical data reveals recurring trends in silver's performance throughout the year, with certain months consistently showing stronger or weaker price movements. However, recent years (2020-2024) have shown some shifts in these patterns, highlighting the need for investors to consider both long-term historical trends and recent market dynamics. While months like October and June have maintained consistent patterns over time, others like April and December have shown significant changes in recent years. […]

Russia is significantly increasing its gold purchases, leveraging a surge in oil and gas revenue to diversify its financial reserves and reduce dependence on the US dollar. The Russian Finance Ministry plans to allocate 172.9 billion rubles ($1.9 billion) for foreign currency and gold purchases over the next month, representing a sevenfold increase in daily purchases. This move is part of Russia's ongoing strategy to strengthen the link between the ruble and gold, creating a new gold standard and insulating its economy from US dollar transactions. As the world's second-largest gold producer, […]

Goldman Sachs is strongly recommending gold as the top investment choice in the current economic climate. The bank cites gold's unique position as a hedge against financial instability and geopolitical risks, especially in light of expected Federal Reserve interest rate cuts. Gold prices have already seen significant gains in 2024, reaching record highs, and Goldman Sachs predicts further growth to $2,700 per ounce by early 2025. This recommendation is based on factors including global uncertainty, weakening demand for other commodities, and the anticipated return of Western capital to the […]

The technology sector is experiencing a dichotomy where enthusiasm for artificial intelligence (AI) is masking broader weaknesses across many tech companies. While AI-focused firms like Nvidia and Microsoft have seen significant gains, many other tech businesses unrelated to AI are struggling to recover from a post-pandemic slowdown. Investors and analysts note that traditional tech areas such as software, IT consulting, and electronic equipment production are facing challenges including weak demand and inventory issues. This disparity has led to slower growth rates for many tech companies, […]

Gold prices are holding steady as investors await crucial U.S. inflation data this week, which will influence expectations for the Federal Reserve's upcoming interest rate decision. The Consumer Price Index (CPI) due on Wednesday and Producer Price Index (PPI) on Thursday are key indicators that could sway the Fed's decision between a 25 or 50 basis point rate cut. Currently, traders see a 75% chance of a 25-basis-point cut at the Fed's meeting next week. The market's reaction to these inflation figures could potentially push gold to new all-time highs if the data suggests a more aggressive […]

Rethinking 60/40 portfolio — Could Bank of America’s recent note to investors send hundreds of billions of dollars into the precious metals market?

Gold is trading near $2,500, attempting to overcome its historical tendency to decline in September, a pattern that's happened in 9 out of the last 10 years. Despite a recent dip to $2,470, gold has rebounded, buoyed by global economic slowdown concerns. This economic climate has increased risks for growth-dependent assets while simultaneously raising expectations for more aggressive interest rate cuts from the Federal Reserve, whose next meeting is scheduled for September 18. These factors are contributing to gold's resilience against its typical September weakness.

The stock market is experiencing its worst weekly decline since March 2023, with the S&P 500 and Nasdaq falling sharply following a disappointing August jobs report. The labor market data showed fewer job additions than expected and downward revisions for previous months, raising concerns about economic cooling. This has led to increased volatility in both stock and bond markets as investors reassess their expectations for Federal Reserve rate cuts. While the unemployment rate slightly decreased, the overall jobs report has intensified debates about the pace of economic slowdown and the […]

The US economy added 142,000 nonfarm payroll jobs in August, falling short of the 165,000 expected by economists. However, this was higher than July's revised figure of 89,000 jobs. The unemployment rate decreased to 4.2% from 4.3% in July. Wage growth increased to 3.8% year-over-year, up from 3.6% in July, with a monthly increase of 0.4%. While the job additions were lower than anticipated, some economists view the report as consistent with a "soft landing" rather than a recession.

Gold prices are holding steady above $2,500 per ounce as investors eagerly await US economic data, particularly the payrolls report, which could significantly influence the Federal Reserve's decision on interest rate cuts this month. Recent weak job market data has increased expectations for rate cuts, typically beneficial for gold as a non-interest-bearing asset. The precious metal has seen a substantial 20% rise this year, driven by rate cut optimism, strong over-the-counter purchases, and geopolitical tensions, with prices reaching a record high in August.

The upcoming US presidential election is creating uncertainty in the metals market, potentially limiting price gains until after November. Citigroup analysts suggest that factors like Federal Reserve rate cuts, China's economic policies, and global manufacturing sentiment will have a more positive impact on metals prices in late 2024 or early 2025, once the election is over. The election's outcome could affect global risk appetite and influence China's stimulus decisions, which are crucial for metals demand.

Gold prices continued their upward trajectory in August, reaching a new all-time high before settling at $2,513/oz, a 3.6% increase for the month. This rise was primarily driven by a weaker US dollar and lower Treasury yields as the Federal Reserve hinted at potential rate cuts. Additionally, India's reduction in gold import duties boosted demand, while global gold ETFs saw continued inflows, particularly from Western funds. However, China's economic slowdown may impact consumer gold demand, contrasting with the positive trends seen in other markets.

Howard Marks, co-chairman of Oaktree Capital Management, predicts that US interest rates will stabilize between 3% and 4% after the Federal Reserve's upcoming rate cuts. Speaking at a conference in Melbourne, Marks suggests that while the Fed will reduce rates from their current "emergency" levels, they won't return to the near-zero rates seen in recent years. He believes the inflation emergency is over, but cautions that economic growth may slow and profit margins could erode as the economy returns to a more normal state, characterized by a mix of good and bad times.

Gold prices are holding steady as investors analyze recent US labor market data and await the crucial August payrolls report. The precious metal's gains are supported by signs of a cooling job market, which could influence the Federal Reserve's decision to cut interest rates. Gold has surged over 20% this year due to expectations of monetary easing, strong over-the-counter demand, and geopolitical tensions. The upcoming jobs report is expected to provide further insight into the US economy and potentially impact gold's trajectory.

China's young consumers are increasingly turning to gold jewelry as both a fashion statement and an investment. This trend is driven by a combination of factors, including rising gold prices, cultural resonance with traditional Chinese designs, and the perception of gold as a stable store of value. Many young buyers are attracted to gold jewelry that incorporates ancient crafting techniques and cultural elements, reflecting a broader "China chic" trend. Additionally, gold is seen as a hedge against inflation and a safer investment option compared to other assets like real estate or stocks in […]

Gold is up 1% to near one-week highs on Thursday, driven by a weaker U.S. dollar and lower yields following signs of a cooling labor market. Investors are now anticipating a potentially larger-than-expected interest rate cut from the Federal Reserve this month. Recent data showing a decline in private sector hiring and job openings has increased expectations for a 50 basis point rate cut, with traders now seeing a 45% chance of such a move. The upcoming non-farm payrolls report on Friday is expected to provide further insight into the labor market's health and influence the Fed's […]

Global gold ETFs experienced their fourth consecutive month of inflows in August, driven primarily by Western demand. North American funds led the charge, adding $1.4 billion, as cooling inflation, a weakening labor market, and dovish Fed signals bolstered expectations of interest rate cuts. The trend was supported by a weaker US dollar, lower Treasury yields, and heightened geopolitical tensions. European, Asian, and other regional funds also saw positive inflows, with gold prices nearing record highs and market conditions suggesting potential for further growth.

Reporting from the Limitless conference in Dallas, Mike Maloney discusses the unsettling calm in the gold market as it reaches unprecedented highs.

Gold prices are showing resilience as investors await crucial US labor market data, particularly the nonfarm payrolls report due on Friday. Recent job openings data suggesting a cooling labor market has increased expectations for aggressive Federal Reserve rate cuts, which typically benefit gold. The precious metal has gained over 20% this year, driven by anticipation of monetary easing, strong over-the-counter demand, and geopolitical tensions. While trading in a narrow range around $2,500, gold remains near its recent all-time high, supported by a weakening dollar and lower bond yields.

Gold's recent surge to all-time highs is driven by a combination of factors, including geopolitical uncertainties, increased central bank purchases (particularly from China), and a weakening US dollar. Keith Lerner, a strategist at Truist, suggests that gold remains an attractive investment option for portfolio diversification, citing its positive technical trends and potential as a hedge against currency fluctuations.

Join us in this insightful discussion with Alan Hibbard, Precious Metals Specialist at GoldSilver.com, as we delve into the current state of the gold

Gas prices in the U.S. are declining significantly, with the national average reaching a six-month low of $3.32 per gallon. This drop is attributed to falling oil prices, weakening gasoline futures, and the end of the summer driving season. Analysts predict that prices could potentially reach $3 per gallon by year-end, barring any major disruptions like hurricanes. The decline in oil prices, partly due to concerns over China's economy and increased OPEC+ supply, may prompt the oil alliance to reconsider its production policies.

In July, U.S. job openings fell to their lowest level since January 2021, with vacancies dropping to 7.67 million and layoffs rising to 1.76 million, the highest since March 2023. This decline in job openings, coupled with slowing job growth and rising unemployment, indicates a softening labor market, raising concerns about a potential recession. The Federal Reserve is closely monitoring these developments and is expected to consider lowering interest rates at its upcoming meeting. The August employment data, due soon, will be crucial in determining the Fed's next steps, especially if it […]

An economist outlines six key indicators that can help predict an impending recession, offering valuable insights for individuals concerned about economic stability. The article provides expert advice on how to interpret these signs and prepare for potential economic downturns. By understanding these indicators, readers can make informed decisions about their finances and take proactive steps to protect themselves.

Many borrowers mistakenly believe they should wait for the Federal Reserve to officially lower interest rates before taking out long-term loans, hoping to secure lower rates. However, according to Yale Insights, research shows that long-term rates already reflect anticipated changes in short-term rates, so waiting might be unnecessary. This misconception can undermine the effectiveness of Fed policy, as borrowers rush to lock in rates before expected increases, inadvertently fueling inflation. Even sophisticated investors and corporate managers often make this error, assuming long-term rates […]

The bond market is experiencing intense conflicts, dubbed "covenant wars," as companies exploit weakening debt terms to pit creditors against each other. Over the past decade, covenants protecting lenders have eroded due to low interest rates and fierce competition to lend to riskier, higher-yielding companies. Now, with rising interest rates causing financial strain, companies are increasingly using tactics to circumvent covenants, often by favoring new creditors over existing ones. This trend is causing concern among investors about the stability of the high-yield debt market and is even […]

Goldman Sachs advises investors to invest in gold as the Federal Reserve is expected to cut interest rates soon. Despite a slight dip from its all-time high, gold has risen nearly 22% this year, making it the second-best performing asset after cryptocurrencies. Goldman Sachs views gold as a preferred safeguard against geopolitical and financial risks, supported by central bank purchases in emerging markets. The firm has set a target price of $2,700 per ounce for 2025, recommending a "long gold" position as the metal's upward trajectory continues.

A recent Federal Reserve Bank of San Francisco study suggests that U.S. housing inflation is expected to decrease in the coming year as housing supply and demand balance out. This decline in housing costs is likely to contribute to overall lower inflation rates. Despite the Fed's efforts to curb inflation through interest rate hikes, housing costs have remained stubbornly high. However, the researchers predict that shelter inflation could drop to around 2% by year-end, before settling back to pre-pandemic levels of about 3.3% next year.

The U.S. stock market experienced a significant selloff, driven by growing concerns about a potential recession amid weak manufacturing data and anticipation of upcoming jobs reports. This volatility has spread globally, affecting markets in Europe and Asia, particularly hitting tech stocks hard. Investors are now reassessing their optimism about potential interest rate cuts and seeking safer assets as they brace for potential economic challenges ahead.

Gold prices continued to decline on Wednesday, falling to a two-week low despite a broad market sell-off. This unexpected behavior is attributed to investors selling gold to cover margin calls in other markets, particularly equities. The precious metal's weakness persists ahead of important U.S. economic data releases, including non-farm payrolls, which could influence Federal Reserve rate cut expectations.

UBS predicts a bullish outlook for gold in 2024 and beyond, forecasting prices to reach $2,600 per ounce by the end of 2024 and potentially exceeding $2,800 over the next two years. This optimistic projection is based on strong central bank purchases, sustained physical demand, and ongoing macroeconomic and geopolitical uncertainties. UBS analysts believe these factors have effectively raised gold's trading range and will continue to support higher prices, even as they expect some seasonal quietness during the summer months. The bank also sees potential upside catalysts in the second half of […]

In July 2024, central bank gold demand surged, with net purchases more than doubling to 37 tonnes despite rising gold prices. The National Bank of Poland led the buying, followed by Uzbekistan and India's central banks. This marked the highest monthly total since January, indicating a strong commitment by central banks to accumulate gold. The ongoing demand is expected to continue, as central banks seek to bolster their reserves amidst economic uncertainties.

Ukrainian President Volodymyr Zelenskiy has renewed his plea for air defense systems following a devastating Russian missile attack that killed at least 41 people and wounded over 180 in Poltava. The strike, which targeted a military educational facility and a nearby hospital, is one of the deadliest since Russia's invasion began in 2022. Zelenskiy emphasized the urgent need for air defense systems and long-range strike capabilities to protect Ukrainian civilians from further Russian attacks, highlighting the human cost of delays in providing such support.

As gold breaks records, silver quietly positions itself for a potential breakout. Here's why some see $50/oz on the horizon.

The Argentine province of La Rioja has introduced its own currency, the "chacho," to combat economic hardships resulting from President Javier Milei's austerity measures. Governor Ricardo Quintela implemented this quasi-currency to stimulate the local economy after federal funding cuts led to provincial default. The chacho, distributed to government employees as bonus payments, is accepted by local businesses at a 1:1 ratio with the peso. While the move has provided some economic relief, it also highlights the financial struggles of provinces under Milei's strict fiscal policies and raises […]

The August jobs report, set to be released on Friday, is a crucial economic indicator that could influence the Federal Reserve's decision on interest rate cuts in September. Following a volatile month in the markets, investors are eager to see if July's weaker-than-expected job growth was an anomaly or the start of a broader economic slowdown. Economists expect the U.S. economy to have added 163,000 jobs in August, with the unemployment rate potentially decreasing to 4.2%. The report will be closely watched for signs of labor market resilience and its implications for monetary policy.

Canadian stock futures declined on Tuesday due to falling oil prices and investor focus on the upcoming Bank of Canada policy decision. The energy sector faced pressure from lower oil prices linked to China's sluggish economic growth, while the materials sector was affected by easing gold prices and falling copper prices. Investors are anticipating a potential third consecutive rate cut by the Bank of Canada, with attention also on upcoming economic data including Canadian manufacturing PMI and U.S. jobs reports. These factors are influencing market sentiment and expectations for both […]

Argentina's central bank has sent a portion of its gold reserves abroad for financial validation, potentially to use as collateral for future financing. This move could provide the country with much-needed financial flexibility amid low international reserves and economic challenges. The central bank confirmed the transfer but did not disclose specific details, citing confidentiality. This action underscores the ongoing economic difficulties faced by President Javier Milei's administration, including the struggle to lift currency controls and manage debt obligations.

Earthquakes may be the key to forming large gold nuggets through a process involving piezoelectricity in quartz. When quartz is subjected to seismic stress, it generates electric fields that can extract gold from surrounding fluids. This process causes gold to accumulate on existing particles, potentially explaining how substantial nuggets form despite low gold concentrations in underground fluids.

Gold prices remain stable as investors await U.S. employment data, which could influence the Federal Reserve's decision on interest rate cuts. The market is split between expectations of a 25 or 50 basis point reduction in September. Upcoming economic indicators, particularly Friday's payrolls report, will be crucial in determining gold's trajectory. A weaker jobs report could fuel recession fears and support gold prices, while stronger data might lead to a decline. Gold typically performs well in low-interest-rate environments and is seen as a hedge against economic uncertainty.

A potential oil spill stretching 2.2 nautical miles has been detected near the Sounion tanker in the Red Sea, following an attack by Houthi rebels earlier this month. The Greek shipping authority reported this finding to the UN maritime agency, based on satellite imagery from the European Maritime Safety Agency. While the exact nature of the spill is unclear, with US officials stating the main cargo remains intact, there are concerns about potential fuel leakage from the damaged engine. The situation poses a significant environmental threat to the Red Sea, prompting Greece to call for […]

Vice President Kamala Harris has firmly stated that she will not ban fracking if elected president, despite her previous support for such a ban in 2019. This shift in stance reflects her evolving perspective on balancing environmental concerns with economic realities, particularly in key swing states like Pennsylvania where fracking is a significant industry. Harris emphasizes that while her position on fracking has changed, her commitment to addressing climate change remains strong, pointing to the Biden administration's investments in clean energy through the Inflation Reduction Act. This […]

Bank of America strategists are recommending investors consider replacing bonds with commodities in the traditional 60/40 investment strategy. They argue that commodities may offer better returns in a high-inflation environment, with annualized returns of 10-14% since the decade's start, compared to significant losses in 30-year US Treasuries. The strategists believe a long-term commodity bull market is beginning, driven by factors like debt, demographics, and inflationary policies. However, they still view bonds as the best hedge against a potential economic hard landing in the US.

South Africa's platinum mining industry is facing a significant downturn due to declining prices, reduced demand, and years of underinvestment. Northam Platinum CEO Paul Dunne predicts a 10% drop in South African platinum output over the next five years, from 3.9 million to 3.5 million ounces annually. This decline is attributed to aging mines, lack of new investments, and the growing popularity of electric vehicles, which don't require platinum-based catalytic converters. The industry's struggles are exemplified by Northam's 81.6% drop in headline earnings per share and an overall slump in […]

The average rate on a 30-year mortgage has decreased to 6.35%, its lowest level in over a year, providing some relief for potential homebuyers facing high housing prices. This decline, attributed to expectations of a Federal Reserve rate cut, marks the second consecutive week of easing rates. While 15-year fixed-rate mortgages also saw a decrease, experts suggest that a significant rebound in purchase activity may require further rate reductions. This trend offers a glimmer of hope for the housing market, though home prices remain near all-time highs.

The Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose 0.2% in July and 2.5% year-over-year, slightly below expectations. Core PCE, which excludes volatile food and energy prices, increased 0.2% for the month and 2.6% annually. These figures suggest a gradual easing of inflationary pressures, potentially influencing the Fed's future monetary policy decisions.

John Ciampaglia, CEO of Sprott Asset Management, expresses surprise at the current undervaluation of silver compared to gold's recent all-time high. He believes silver has significant potential for price appreciation, potentially reaching $50 per ounce in the future, despite currently trading below $30. Ciampaglia suggests that silver's price should increase substantially to align with gold's performance, highlighting the disconnect between the two precious metals' valuations in the current market.

Gold prices have remained relatively stable this week due to a lack of significant market-moving events. Investors are holding their positions as they await crucial economic data releases in the coming week, including ISM PMIs and U.S. labor market statistics, particularly the Non-Farm Payrolls (NFP) report. These upcoming reports are especially important as the Federal Reserve has emphasized its focus on maintaining a strong labor market. The data will likely influence the Fed's decision on whether to implement a standard 25 basis point interest rate cut in September or opt for a more […]

Predicting recessions has proven to be a challenging and often inaccurate endeavor, despite various economic indicators and models designed for this purpose. While traditional recession signals like the inverted yield curve, negative GDP growth, and rising unemployment have been triggered in recent years, the U.S. economy has defied these predictions and avoided a recession. This discrepancy highlights the inherent complexity of economic systems and the limitations of forecasting tools, especially in the wake of unprecedented events like the global pandemic. Economists acknowledge that no […]

The latest jobless claims data reveals a slight decrease in new unemployment benefit applications, suggesting a gradual cooling of the US labor market rather than a rapid decline. While initial claims have fallen from recent highs, the increasing difficulty for laid-off workers to find new employment indicates that unemployment rates may remain elevated. This trend, along with recent revisions to job growth estimates, has caught the attention of Federal Reserve officials, potentially influencing future monetary policy decisions. The labor market's current state reflects a delicate balance […]

The U.S. economy demonstrated robust growth in the second quarter of 2024, with the annual rate revised upward to 3% from the initial estimate of 2.8%. This significant improvement from the first quarter's 1.4% growth was driven by strong consumer spending and business investment. The revision reflects a resilient economy despite high interest rates, with consumer spending increasing at a 2.9% annual rate and business investment expanding at 7.5%. The report also indicates a continued easing of inflation, with the PCE index showing a decrease from the previous quarter. This positive economic […]

A recent Wall Street Journal/NORC poll reveals a significant disconnect between Americans' aspirations for the traditional elements of the American Dream and their perceived ability to achieve them. While the vast majority of respondents consider owning a home, having financial security, and enjoying a comfortable retirement essential or important, only a small fraction believe these goals are easily attainable. This sentiment is particularly pronounced among younger generations, who face challenges such as high housing costs, steep interest rates, and substantial student debt. The survey […]

Dive into the fascinating world of gold as Alan Hibbard breaks down why a single 400-ounce gold bar is now worth a staggering $1 million!

The average 30-year fixed mortgage rate in the United States has fallen to its lowest level since April 2023, reaching 6.44% in the week ending August 23. This decline, part of a four-week trend that has seen rates drop by 38 basis points, comes in the wake of Federal Reserve Chair Jerome Powell's indication that the central bank may lower borrowing costs soon. The decrease has spurred a slight increase in mortgage applications and refinancing activity, as homeowners seek to capitalize on lower monthly payments. However, potential homebuyers remain cautious, waiting for further rate […]

The Federal Reserve is signaling a gradual approach to interest rate cuts, starting with an expected reduction in September. This strategy, known as gradualism, allows policymakers to carefully assess the economy's reaction to each move. While several Fed officials advocate for a methodical pace of rate cuts, Chair Jerome Powell has left open the possibility of more aggressive action if needed, particularly to support the labor market. This cautious approach reflects the Fed's desire to balance bringing inflation down to its 2% target while maintaining economic stability, especially given the […]

Oil prices experienced a slight decline on Wednesday due to a smaller-than-expected decrease in U.S. crude inventories and persistent concerns about Chinese demand. However, the drop was limited by ongoing supply risks in the Middle East and Libya. U.S. crude stocks fell less than anticipated, while refining activity increased. The market remains cautious about China's economic struggles and its impact on oil demand. Meanwhile, geopolitical tensions in Libya and the Middle East continue to pose significant supply risks, preventing a steeper price drop. The interplay between these bearish and […]

The Conference Board's Consumer Confidence Index rose to 103.3 in August, reaching a six-month high, as Americans showed increased optimism about the economy and inflation. However, this positive sentiment was tempered by growing concerns about the job market. The expectations index for the next six months improved, while the present conditions gauge also saw a slight increase. This uptick in confidence comes as consumers anticipate potential interest rate cuts by the Federal Reserve, which could further boost sentiment and spending. Despite this improvement, overall confidence remains below […]

U.S. companies are increasingly turning to foreign exchange options as a hedging strategy against potential currency volatility triggered by the upcoming U.S. presidential election and diverging central bank policies. This renewed interest in currency options comes as hedging costs have decreased due to lower currency volatility compared to the 2020-2022 period. Recent surveys indicate that a majority of U.S. companies plan to increase their use of options, with overall currency exposure hedging rising from 46% to 48% in the second quarter. Companies are particularly concerned about the […]

Asia's rapidly growing economies are facing a significant challenge with high youth unemployment rates, despite overall economic growth. Countries like Bangladesh, China, India, Indonesia, and Malaysia are experiencing double-digit unemployment rates among young people aged 15-24, totaling around 30 million jobless youth. This issue raises concerns about these nations' ability to progress developmentally and the potential social and political consequences of failing to address the problem. The situation is particularly alarming in countries lacking China's extensive manufacturing base, as […]

China's strategic accumulation of silver has emerged as a significant economic maneuver, potentially impacting global markets. The country has been systematically increasing its silver reserves, leading to a 10% price surge compared to Western markets. This aggressive stockpiling is part of a broader strategy to dominate key industries that rely heavily on silver, such as electronics and solar energy production. China's silver imports have reached record highs, with monthly imports exceeding 400 tons in recent months, more than double the amount from the previous year. This massive demand is […]

The price of gold retreated from recent record highs as the dollar strengthened, with investors awaiting key U.S. inflation data that could influence the Federal Reserve's interest rate decisions. The precious metal's price dipped by about 1%, trading near $2,500 per ounce, as traders took profits and rebalanced portfolios. Despite this setback, gold remains up over 20% this year, supported by rate cut expectations, central bank purchases, and geopolitical uncertainties. Market participants are now focused on Friday's inflation report, which could provide insights into the pace of potential […]

Gold prices retreated by 1% on Wednesday, influenced by a strengthening dollar and market uncertainty ahead of crucial economic events. Investors are closely watching Nvidia's earnings report and upcoming U.S. inflation data, which could provide insights into the Federal Reserve's future interest rate decisions. Despite this dip, gold remains up 21% year-to-date, supported by rate cut expectations, safe-haven demand, and central bank purchases.

Federal Reserve Chair Jerome Powell's recent speech at Jackson Hole signaled that inflation is on track to reach the Fed's 2% target, likely leading to interest rate cuts in September. This development, coupled with shifting public opinion, suggests that inflation is fading as both an economic and political issue. Recent surveys show Vice President Kamala Harris gaining ground against Donald Trump on economic matters, with some polls even favoring her. The diminishing political impact of inflation may be attributed to a growing expert consensus that pandemic-related factors, rather than […]

Marc Faber, author of The Gloom, Boom & Doom Report, warns that virtually all asset classes are currently in a bubble, including popular tech stocks and collectibles. He predicts negative real returns for U.S. equities over the next seven years and recommends investing in precious metals as a way to preserve purchasing power. Faber emphasizes the importance of capital protection over seeking high returns in the current market environment.

The Brookings Institution researchers identify four key challenges to the US dollar's dominance in global financial markets: US sanctions driving de-dollarization efforts in some countries Rising US debt potentially eroding investor confidence Improved payment technologies making it easier to exchange non-traditional currencies Development of central bank digital currencies (CBDCs) by other nations While the dollar remains the dominant global reserve currency, its share has declined from 71% in 1999 to 59% in 2024. Despite these challenges, experts believe the dollar's top status is not under […]