Investors are anticipating a 25-basis point rate cut by the Federal Reserve amidst mixed economic signals. Oil futures surged following OPEC+’s production cut delay and geopolitical tensions. Nvidia joined the Dow, reflecting its market significance despite challenges. Unemployment claims increased slightly, signaling stagnant job growth, while consumer sentiment improved slightly.
Precious metals have long been viewed as a hedge against inflation and have frequently also been viewed as a safe haven in times of economic turmoil.
This week, investors seemed to wonder for the first time if the stock market euphoria had not gone too far. The Precios Metals Week In Review.
World diplomacy is, at present, on rather shaky ground.
Throughout history, whenever major economies are approaching a state of crisis, heads of state typically become chronically irritable.
Despite the shortened trading week due to the Thanksgiving holiday in the U.S., and seemingly positive progress in the trade talks between the U.S. and China earlier in the week, uncertainty surrounding the U.S.-China relationship continues to be the primary driver for market volatility.
I was stupefied at what I was reading. A Bloomberg article earlier this month reported that JP Morgan and Citibank were significantly reducing their gold positions or closing them out entirely.
The U.S.-China trade dispute continues to provoke uncertainty and volatility in all markets. The impeachment inquiry into President Donald Trump’s dealings with Ukraine also continues to foster division and gridlock within the U.S. government.
The ongoing trade dispute between the U.S. and China continues to spark volatility in all markets. The first public hearings in the impeachment inquiry into President Trump’s July 25 phone call with the President of Ukraine got underway this week but equity markets seemed to largely ignore the spectacle and the political uncertainty it could cause, choosing instead to simply shoot higher on nothing more than the tenuous hope that the U.S. and China were “close” to reaching a trade deal.
Headlines regarding the ongoing trade dispute between the U.S. and China were again the primary drivers for market moves this week. It is increasingly odd that the mainstream media seems to find news coming out of China more reliable than their sources based in the U.S.
It was a heavy news week as the Federal Reserve took further action on interest rates, the October Non-Farm Payrolls report was released, and the impeachment inquiry into U.S. President Donald Trump gained traction in the House of Representatives.
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