U.S. stocks regained ground on Monday after a difficult week, with inflation concerns influencing potential interest rate cuts. The Federal Reserve proposed scaling back capital requirements for banks, while Europe’s auto industry faces hefty emissions fines. Oil prices fluctuated due to demand forecasts, and shifting consumer interest in electric vehicles highlighted market challenges. Despite a slight increase in unemployment claims, the labor market remains steady, and mortgage rates dropped in anticipation of rate cuts. Investors, focusing on upcoming Fed meetings and diversifying portfolios, boosted precious metal prices.
The Precious Metals Week in Review – September 6th, 2024
Gold prices are just slightly up and silver prices are lower in early U.S. trading Tuesday, as a big and busy week of U.S. economic reports lies ahead.
The Twilight Zone
The present state of affairs seems like an episode of The Twilight Zone, with the unfortunate twist that this is not a television show; it’s an artificially delayed reality.