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.
High inflation and a disappointing report on economic growth, followed by a sudden drop in stocks late last month made for a familiar economic combination.
Gold fell as geopolitical tensions eased in the Middle East, paring safe-haven demand, and traders looked ahead to U.S. data that will shed light on the outlook for monetary policy.
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.
Investors have redoubled their efforts to ensure that their portfolios are sufficiently diversified in the hopes that they will be able to withstand corrections in multiple market sectors.
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. 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…
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