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The Precious Metals Week in Review – November 18th, 2022

The Precious Metals Week in Review – November 18th, 2022

1. On Monday in Indonesia, Presidents Joe Biden and Xi Jinping shook hands to kick off the first in-person meeting between leaders from the U.S. and China since the coronavirus pandemic rocked the world. Biden said both countries have a responsibility to “prevent competition from becoming anything ever near a conflict,” and Xi said the…

The Precious Metals Week in Review – November 11th, 2022

The Precious Metals Week in Review – November 11th, 2022

1. We start the week with news that European Union countries are close to agreeing on a watered-down version of new capital rules for banks after the industry warned that a strict approach would risk choking off the supply of credit to the bloc’s economies. The most recent draft proposal for implementing Basel III includes…

The Precious Metals Week in Review – November 4th, 2022

The Precious Metals Week in Review – November 4th, 2022

1. On Monday stocks fell at the start of a busy week for earnings, with investors awaiting Wednesday’s Federal Reserve decision for clues on whether officials will dial back the pace of rate increases as early as December. Morgan Stanley’s Michael Wilson says the end of Fed tightening may be nearing suggesting the Fed pivot…

The Precious Metals Week in Review – October 28th, 2022

The Precious Metals Week in Review – October 28th, 2022

1. This week started the second straight session we saw stocks keep rallying as Big-Tech earnings loom. Traders also consider whether the Federal Reserve would slow its pace of interest-rate hikes after assessing weak economic data that was released today. More than 80% of stocks in the S&P 500 index closed in green on Monday,…

The Precious Metals Week in Review – October 7th, 2022

The Precious Metals Week in Review – October 7th, 2022

1. Volatility remained extreme this week as the U.S. saw the release of the Non-Farm Payrolls report for September and the war in Ukraine became increasingly desperate for the Russian occupiers. 2. For the week ending October 1, the seasonally adjusted number of Americans filing initial claims for unemployment surged by 29,000 from the previous…

The Precious Metals Week in Review – September 23rd, 2022

The Precious Metals Week in Review – September 23rd, 2022

1. This week saw the Federal Reserve raise interest rates yet again and a flood of information out of Europe that served to further increase recession fears. Stock markets tumbled again on Friday, with the Dow Jones Industrial Average closing at fresh lows for 2022 as global currencies mostly slid lower against the US dollar.…