U.S. consumers anticipate higher inflation despite optimism about personal finances. The New York Fed notes improved income expectations, but the job market outlook weakens. Meanwhile, inflation data shows moderate increases, and concerns remain over mortgage rates, which are predicted to stay above 6%. Precious metals, including gold and silver, exhibit notable price movements amid market volatility.
U.S. stock indices fluctuated with FedEx earnings acting as a reality check after recent highs. Gold futures hit record prices over $2600 amidst economic uncertainty and anticipation of Fed rate cuts. Silver showed significant gains with a 10% rise, benefiting from positive investor expectations. The labor market showed improvement with a reduction in unemployment claims. Oil prices dipped despite a notable Fed rate cut, and currency trading saw significant movements with the USD/JPY rallying and EUR/USD facing pressure. Investors continued diversifying into precious metals as a hedging strategy.
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.
Amid a lack of fresh, markets-moving news to start the trading week, the precious metals market traders are looking at the key “outside markets” that are leaning friendly for metals prices.
1. After a relatively slow start in the first quarter, silver is making its move, significantly outpacing gold as it trades at an 11-year high. Just ahead of last weekend, silver prices have broken above $30 an ounce. Soaring silver prices have pushed the gold-silver ratio below 80 points, and it has been trading at…
This week, we’re shining a spotlight on silver. Did you know that in over 14 languages, the word “silver” is synonymous with “money?”
The U.S. economy added 187,000 jobs in August, while unemployment unexpectedly increased as the labor market continued to show signs of cooling, data from the Bureau of Labor Statistics showed Friday.
The Roman denarius pictured above features the profile of the emperor Diocletian, circa 301 AD, at the time when he issued the edict listed above.
It is relatively common that what should be recognized as a warning flag of major trouble is often ignored until things get so bad that it is almost impossible not to notice.
There is an old saying, “The best place to hide something is in plain view.” If true, a reminder of what the US citizen has lost may be found in plain view, merely by reaching into his pocket and examining his change.
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