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Oil Drops as Progress on Cease-Fire in Gaza Shrinks Risk Premium

Oil Drops as Progress on Cease-Fire in Gaza Shrinks Risk Premium (Bloomberg) -- Oil fell as signs of progress toward a cease-fire between Israel and Hamas reduced crude’s geopolitical risk premium.   West Texas Intermediate fell 1.5% to settle below $83 a barrel after the New York Times reported that Israel is open to a [...] READ MORE

Inflation-wary US rate options market cautiously prices for 2024 Fed hike

FILE PHOTO: Federal Reserve Board Building in Washington NEW YORK (Reuters) - Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a quarter percentage point this year and next as U.S. inflation and the labor market remain resilient.   Bond investors look to [...] READ MORE

Gold Fluctuates as Investors Turn Focus to Fed Meeting, US Data

No policy change expected at Federal Reserve meeting this week The precious metal near a record high touched this month Gold has climbed more than 13% this year, hitting a record earlier this month.Photographer: Chalinee Thirasupa/Bloomberg Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US [...] READ MORE

Why the Fed looks likely to scramble back to a hawkish stance

Federal Reserve Chair Jerome Powell departs his news conference in March Flash back to August 2022, when Fed Chair Jerome Powell gave a nine-minute speech at Jackson Hole, Wyo., warning investors to expect “some pain” in the economy in order to lower inflation.   His blunt, hawkish remarks now seem like a distant memory. Over [...] READ MORE

Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

KEY POINTS The core personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, unchanged from February and slightly higher than expected. Personal spending rose 0.8% on the month, more than the personal income increase of 0.5%. The personal saving rate fell to 3.2%, down 0.4 percentage points [...] READ MORE

The Truth About Gold Jewelry

When it comes to gold jewelry, the truth is: not all gold is created equal.   Today, we’ll uncover the secrets of investment-grade gold jewelry that department stores won't tell you about. These little tips could change how you think about buying gold jewelry forever.   But first, let's dive into the latest news and [...] READ MORE

The Gold/Dollar Relationship Is Telling You To Prepare For A Deep Correction

I want to expand on an idea I posted to Twitter/X this past week. As I was researching the current rallies in gold and the dollar, I was interested in what the equity market says when both of them are moving together.   My initial thoughts were as follows: Most people consider gold to be [...] READ MORE

US inflation increases moderately; consumer spending boosts Q2 outlook

FILE PHOTO: U.S. inflation decelerating in boost to economy WASHINGTON (Reuters) - U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates elevated for a while.   The report from the Commerce Department on Friday, which also showed strong consumer spending last [...] READ MORE

Fed seen on track for Sept start to US rate cuts

FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade in Washington (Reuters) -U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of urgency to cut interest rates, but also nothing to rule out the likelihood of rate reductions starting later this year.   That was [...] READ MORE