1. Against the backdrop of high inflation rates and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money. With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States. Twenty-five states considered 50 pieces of legislation…
Gold is expected to be the best-performing asset in the precious metals sector in 2024 as the world faces a potential recession.
Gold went on a run late last week, setting an all-time record high last Friday and breaking the $2,100 level for a brief time in overseas trading Sunday night.
Home prices finished the summer at another record high as home affordability tanks to a historical low.
The final trading week of the month kicked off with stocks sliding on Monday, setting investors up for a losing month where much of the optimism of the early summer has fizzled into more tempered expectations of the Fed’s tightening campaign.
The U.S. economy added 187,000 jobs in August, while unemployment unexpectedly increased as the labor market continued to show signs of cooling, data from the Bureau of Labor Statistics showed Friday.
U.S. equity futures struggled for direction as risk appetite cooled from last week’s rally. The yen weakened after the Bank of Japan made its first unscheduled bond purchases in months.
1. Stock investors that have turned too optimistic about the economic outlook are setting up for disappointment, according to JPMorgan Chase strategists. Wall Street traders refrained from making any huge bets in the run-up to the highly anticipated minutes of the Federal Reserve’s latest policy gathering, with stocks, bonds, and the dollar posting small moves.…
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