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 – July 26th, 2024
1. Stocks rebounded after their worst week since April. The megacap space rallied, with the Nasdaq 100 up 1.5%. Despite the recent slump that had some on Wall Street bracing for a summer correction, respondents to a survey expect earnings to reinvigorate the S&P 500. Sky-high valuations and seasonal weakness have incited some pullback warnings,…
The Precious Metals Week in Review – June 21st, 2024
Investors need to be patient when it comes to gold. According to one U.S. bank, the precious metal could continue to consolidate through the summer as markets come to terms with the Federal Reserve’s holding pattern.
The Precious Metals Week in Review – May 31st, 2024
Gold and silver prices are higher, with silver sharply up, in early U.S. trading Tuesday. Bullish daily outside-market forces are working in favor of the bulls to start the trading week.
The Precious Metals Week in Review – April 26th, 2024
Gold fell as geopolitical tensions eased in the Middle East, paring safe-haven demand, and traders looked ahead to U.S. data that will shed light on the outlook for monetary policy.
The Precious Metals Week in Review – April 19th, 2024
Gold is considered a unique asset due to its enduring value, historical significance, and application in various technologies like computers, spacecraft, and communications equipment.
The Precious Metals Week in Review – February 9th, 2024
The gold market is struggling to find some bullish momentum after the U.S. central bank significantly pushed back on expectations of an aggressive easing cycle kicking off in March.
The Precious Metals Week in Review – January 26th, 2024
1. U.S. stock futures trod water on Tuesday, hitting pause on a record-setting rally as focus turned to the day’s stream of earnings for insight into the health of Corporate America and the economy. Stocks have bounced out of their early January slump in recent days as investors increasingly embrace the idea the Federal Reserve…
The Precious Metals Week in Review – January 19th, 2024
Across the world’s biggest markets, traders are finally paying heed to warnings from central banks and winding back bets on aggressive interest-rate cuts this year.
The Precious Metals Week in Review – January 5th, 2024
The gold market is not seeing much reaction to the latest employment data as prices recover from Wednesday’s sharp selloff.