1. Gold prices are sharply up in midday U.S. trading Thursday, near the daily highs, and are closing in on the recent record highs. Silver prices are modestly higher. More technical buying is featured in both metals, amid bullish charts. June gold was last up $27.10 at $2,239.90. May silver was last up $0.198 at…
Gold is expected to be the best-performing asset in the precious metals sector in 2024 as the world faces a potential recession.
Home prices finished the summer at another record high as home affordability tanks to a historical low.
The bond market’s selloff accelerated after a surge in U.S. hiring raised expectations that the Federal Reserve will need to raise interest rates again this year.
It is relatively common that what should be recognized as a warning flag of major trouble is often ignored until things get so bad that it is almost impossible not to notice.
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…
1. Happy New Year! And to start off this New Year we have the International Monetary Fund Managing Director Kristalina Georgieva warning that the global economy faces “a tough year, tougher than the year we leave behind. We expect one-third of the world economy to be in recession,” Georgieva said in an interview aired on…
Astute investors take added steps to help ensure that their portfolios are well-diversified in the event of a drastic downturn in the global economy.
investors have continued to add physical precious metals as part of a well-diversified portfolio as the entire precious metals sector has outperformed the Dow over the past year.
Investors are seeking out buying opportunities from temporary price dips to add more physical precious metals into their portfolios.
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