Investors anticipate a likely Federal Reserve rate cut in 2024, but future cuts for 2025 are debated due to persistent inflation. The economy shows growth, evidenced by improved PMI readings and rising retail sales, despite volatility in crude oil and the Dow’s declines. The current account deficit hit a record high, affecting monetary policy expectations.
Investors are anticipating a 25-basis point rate cut by the Federal Reserve amidst mixed economic signals. Oil futures surged following OPEC+’s production cut delay and geopolitical tensions. Nvidia joined the Dow, reflecting its market significance despite challenges. Unemployment claims increased slightly, signaling stagnant job growth, while consumer sentiment improved slightly.
Geopolitical, economic, and environmental uncertainty can be expected to continue in the near term.
Investors are seeking out buying opportunities from temporary price dips to add more physical precious metals into their portfolios.
Investors continue to take advantage of temporary price dips to add additional physical precious metals into their investment portfolios in hopes that it will aid in their diversification efforts.
Diversification with Precious Metals remains key to protecting an investment portfolio from corrections across multiple market sectors.
Many investors still view physical precious metals as a hedge against inflation, geopolitical, and economic uncertainty.
It was a heavy news week as the Federal Reserve took further action on interest rates, the October Non-Farm Payrolls report was released, and the impeachment inquiry into U.S. President Donald Trump gained traction in the House of Representatives.
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