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.
Job openings in the U.S. increased to 7.74 million in October, surpassing expectations, while the trade deficit narrowed significantly to $73.8 billion. The Federal Reserve’s role in economic policy has shifted, with prospects for economic growth remaining positive into 2025. Overall, stability and caution mark current economic conditions.
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.
The Federal Reserve recently cut short-term interest rates amid declining inflation and optimistic market conditions. Silver demand is projected to rise due to industrial use, while oil faces pressure from oversupply signals. The labor market remains strong despite recent job growth slowdown, influencing potential future rate adjustments.
The present state of affairs seems like an episode of The Twilight Zone, with the unfortunate twist that this is not a television show; it’s an artificially delayed reality.
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,…
Based on historical trends and regular seasonal performance, precious metals may be significantly underpriced going into the second half of the year,
Amid a lack of fresh, markets-moving news to start the trading week, the precious metals market traders are looking at the key “outside markets” that are leaning friendly for metals prices.
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.
1. After a relatively slow start in the first quarter, silver is making its move, significantly outpacing gold as it trades at an 11-year high. Just ahead of last weekend, silver prices have broken above $30 an ounce. Soaring silver prices have pushed the gold-silver ratio below 80 points, and it has been trading at…
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