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The Precious Metals Week in Review – April 28th, 2023

The Precious Metals Week in Review – April 28th, 2023

1. Two key gauges showed persistent U.S. inflation pressures in recent months, buttressing the case for another Federal Reserve interest-rate hike next week. The personal consumption expenditures price index excluding food and energy, the Fed’s preferred measure of underlying inflation, rose 0.3% in March from the prior month and 4.6% from a year earlier, a…

The Precious Metals Week in Review – March 3rd, 2023

The Precious Metals Week in Review – March 3rd, 2023

1. There’s something of a ritual performed each time Federal Reserve Chair Jerome Powell speaks to the press: A reporter asks Powell about financial conditions; he says they’ve tightened a lot; the Wall Street crowd snickers. To them, the notion seems ludicrous. Notwithstanding the selloff over the past few weeks, markets have rallied in start-and-stop…