U.S. stocks regained ground on Monday after a difficult week, with inflation concerns influencing potential interest rate cuts. The Federal Reserve proposed scaling back capital requirements for banks, while Europe’s auto industry faces hefty emissions fines. Oil prices fluctuated due to demand forecasts, and shifting consumer interest in electric vehicles highlighted market challenges. Despite a slight increase in unemployment claims, the labor market remains steady, and mortgage rates dropped in anticipation of rate cuts. Investors, focusing on upcoming Fed meetings and diversifying portfolios, boosted precious metal prices.
The Precious Metals Week in Review – August 16th, 2024
The gold market continues to see some technical buying amid a bullish chart posture.
The Precious Metals Week in Review – July 26th, 2024
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,…
The Precious Metals Week in Review – May 10th, 2024
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.
The Precious Metals Week in Review – September 8th, 2023
An important change has unfolded in the global gold market. The East has been driving up the gold price, predominantly in late 2022 and the first months of 2023, breaking the West’s long-standing pricing power.
Seventeen-Year Locusts and Eighty-Year Wokists
We’re in for a long and painful period, as in all wars in which humanity itself is the intended victim.
The Precious Metals Week in Review – October 21st, 2022
Astute investors continue to seek out alternative investments for their portfolios to aid in diversifying them away from overexposure to any single asset class.