U.S. consumers anticipate higher inflation despite optimism about personal finances. The New York Fed notes improved income expectations, but the job market outlook weakens. Meanwhile, inflation data shows moderate increases, and concerns remain over mortgage rates, which are predicted to stay above 6%. Precious metals, including gold and silver, exhibit notable price movements amid market volatility.
Stocks rose ahead of Thanksgiving, with key economic indicators like inflation and GDP in focus. Oil prices may decline as OPEC+ discusses production delays. U.S. consumer sentiment improves, while new home sales plummet. Precious metals fell due to easing geopolitical tensions. Volatility remains as investors seek diversification amidst uncertainties.
Last week, U.S. stock markets experienced significant declines, influenced by inflation data and Federal Reserve comments, despite earlier gains. Gold prices rose due to geopolitical tensions, while corporate earnings growth forecasts were cut. Meanwhile, unemployment claims fell, suggesting job market resilience, and crude oil prices dropped amid supply concerns.
Gold and silver prices are surging due to safe-haven demand amid geopolitical tensions and economic uncertainty, with gold reaching a record $2,758.49. Demand for gold is also spurred by inflation concerns, as seen in retail sales at Costco. Investors are diversifying portfolios, increasing the appeal of precious metals as a hedge.
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,…
Along with gold’s safe-haven appeal, analysts warn investors to watch Asia’s insatiable appetite for the precious metal.
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.
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. This week started the second straight session we saw stocks keep rallying as Big-Tech earnings loom. Traders also consider whether the Federal Reserve would slow its pace of interest-rate hikes after assessing weak economic data that was released today. More than 80% of stocks in the S&P 500 index closed in green on Monday,…
1. Market volatility continued this week as Russia’s onslaught against Ukraine raged on and central banks around the world shocked markets with unexpected rate moves. In the U.S., the West Coast port of Oakland has been virtually shut down as truckers protest California’s gig labor law, which classifies workers as employees and not independent contractors.…
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