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Gold rebound stalls as key market drivers go AWOL

Gold has been capped below $2330 this week US bond yields, US dollar and geopolitical headlines do not seem to be driving the price right now Range trade is favored near-term   Gold continues to consolidate below just record highs, paying scant attention to movements in other markets and geopolitical headlines since the start of [...] READ MORE

China’s ‘silver economy’ fuels a new gold rush

While China’s younger generations are often spotlighted for their interest in gold jewelry, older consumers are forecast to drive a market surge in 2024. China’s millennial and Gen Z consumers may get most of the press for their growing love affair with gold jewelry, but it’s the country’s middle-aged and elderly populations that could power [...] READ MORE

U.S. Election Dynamics Looking Positive for Gold

The results of the upcoming 2024 U.S. presidential election (the election) are set to be consequential to energy & climate, international relations, industrial and fiscal policies. Even if President Joe Biden remains in power and the Senate & House are controlled by the same parties as they are now, political debate in the coming months [...] READ MORE

Gold, Copper Only at the Beginning of a Much Longer Bull Market

Two commodities have emerged as pivotal players as geopolitical tensions have escalated, influencing global financial markets: gold and copper. These metals are not merely survivors of market volatility but are thriving, charting a course that I believe savvy investors would be wise to monitor.   As I’ve said countless times before, gold has long been [...] READ MORE

Gold gains on soft dollar, rate cut hopes

FILE PHOTO: Gold bars are pictured on display at Korea Gold Exchange in Seoul (Reuters) - Gold prices climbed more than 1% on Monday, as the U.S. dollar weakened after softer-than-expected U.S. jobs data fueled expectations of potential interest rate cuts by the Federal Reserve later this year.   Spot gold rose 1% to $2,324.94 [...] READ MORE

Inflation is scrambling Americans’ perceptions of middle-class life

Michael Raines Many Americans have come to feel that a middle-class lifestyle is out of reach. Blame inflation for bringing down the mood and making the economy seem much worse than it is. Money experts say people feeling downbeat can create a financial plan to alleviate stress.   Vincent, a 29-year-old medical-sales rep, makes $130,000 [...] READ MORE

China is buying gold like there’s no tomorrow

AS GOLD surged this year to its highest price ever, Xena Lin joined the frenzy by making monthly purchases of gold “beans”, pebble-like morsels of the precious metal.   For Lin, a 25-year-old administrative worker in southern China, the US$80 beans – small enough to rest on a fingertip and weighing about one-thirtieth of an [...] READ MORE

Gen Z will pay dearly for this U.S. blunder on the massive debt that boomers, Gen X, and millennials are dumping on them, former White House economist warns

"Half of young adults don’t think they will ever afford a home, yet they will be asked to pay for their grandparents’ profligacy." | GETTY IMAGES U.S. debt is soaring to record levels, and the Treasury Department squandered an opportunity to help ease the burden on Gen Z, a former White House economist warned. That’s [...] READ MORE

At $2 Million Per Minute, Treasuries Mint Cash Like Never Before

With the Federal Reserve in no hurry to cut interest rates, investors are flocking back to fixed-income assets in major reset for Wall Street. Photographer: Mark Wilson/Getty Images For the first time in nearly a generation, fixed income is living up to its name.   This, at a certain level, is simply the consequence of [...] READ MORE