February 22, 2024Argentina's Inflation Eases in Milei's Debut Month Amid Economic OverhaulIn President Javier Milei’s first full month in office, Argentina saw a monthly slowdown in consumer price inflation to 20.6%, slightly below the anticipated 21%. Annually, inflation surged to 254.2%, marking the highest rate since the early 1990s post-hyperinflation period. Milei’s economic measures, including a 54% devaluation of the peso and lifting price freezes, contributed […] READ MORE February 22, 2024Why Have Central Banks Been on a Gold-Buying Spree?Central banks globally have been on a notable gold-buying spree, significantly ramping up their acquisitions of the precious metal. This trend raises the question: why is gold so appealing to these monetary powerhouses, and does its allure extend to American investors? In the latest episode of U.S. Money Reserve’s exclusive video series, “In Conversation,” a […] READ MORE February 22, 2024UBS: Silver Poised to “Dramatically” Outperform Gold This YearAnalysts at UBS say silver is posed to “dramatically” outperform gold this year… READ MORE February 22, 2024Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 MonthsGoldman Sachs predicts a 6% increase in gold prices over the next 12 months, driven by robust central bank acquisitions and vigorous retail demand in emerging economies. This anticipated rise would elevate gold to $2,175 a troy ounce, according to Nicholas Snowdon and Lavinia Forcellese from the bank’s Commodities Research team. While the near-term outlook […] READ MORE February 22, 2024Gold Inches Higher, Supported by Soft Dollar and Rising Middle East TensionsGold prices saw a modest increase on Thursday, influenced by a combination of a dipping dollar and rising tensions in the Middle East. This uptick comes as investors are on the lookout for upcoming U.S. economic data, which is expected to provide further insights into the Federal Reserve’s stance on interest rates. The spot gold […] READ MORE February 22, 2024Markets underestimate risk of inflation re-accelerating, says PIMCOAmid the financial community’s growing optimism about interest rate cuts and economic recovery, PIMCO, the U.S. bond behemoth, throws in a word of caution, suggesting that both equity and fixed income markets might be underestimating the looming threats. Despite expectations for the Federal Reserve to lower rates within the year, PIMCO warns that the pace […] READ MORE February 22, 2024From 68 Cents to $18: The Inflation Shockwave at McDonald'sExplore the shocking price hikes, the impact on low-income customers, and how currency devaluation is affecting consumer behavior. READ MORE February 21, 2024Higher Inflation Challenges South Africa's Economic StabilitySouth Africa’s inflation rate edged up for the first time in three months this January, primarily driven by escalating fuel and food costs, marking a modest uptick to 5.3% year-over-year from December’s 5.1%. This increase, though slight, has inflation continuing to exceed the central bank’s preferred midpoint target of 4.5% for nearly three years, suggesting […] READ MORE February 21, 2024Mortgage Markets Shudder as Interest Rates Soar Past 7%Mortgage demand is dropping as interest rates breached the 7% threshold, marking a significant setback for prospective homebuyers and refinancers alike. Last week witnessed a sharp 10.6% drop in total application volume, as reported by the Mortgage Bankers Association, driven by the steepest interest rate spike since early December. The average rate for a 30-year […] READ MORE « Previous 1 … 13 14 15 16 17 … 42 Next »
