Bank of America Archives - Precious Metals International Ltd.

Gold, Silver, Week In Review Bank of America, Blackrock, Crude Oil Prices, Dow Jones In, Dow Jones Industrial Average, Federal Reserve, Freddie Mac, Gold Silver Ratio, Home Prices, Jerome Powell, Nasdaq Composite, S&P 500, State Unemployment

The Precious Metals Week in Review – September 20th, 2024

September 20, 2024

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.

Week In Review Auto Industry, Bank of America, Crude Oil Prices, Dow Jones Industrial Average, Electric Vehicles, Federal Reserve, Freddie Mac, JP Morgan Chase, Mobility Consumer Index, Mortgage Rates, Rate Cuts, S&P 500, State Unemployment, Wall Street

The Precious Metals Week in Review – September 13th, 2024

September 13, 2024

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.

Week In Review Bank of America, CFPB, ChatGPT, Consumer Price Index, Crude Oil Prices, Elon Musk, Federal Reserve, OpenAI, Sam Altman, State Unemployment

The Precious Metals Week in Review – July 14th, 2023

July 14, 2023

Major banks are facing one of the biggest regulatory overhauls since the financial crisis, setting up a clash over the amount of capital that they must set aside to weather the tumult.