U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopesKEY POINTS U.S. crude oil moved higher to nearly $83 a barrel. WTI briefly dipped below the 50-day moving average of $81.22 earlier in the session. Oil prices turned higher as traders see slowing manufacturing activity as support for the Federal Reserve cutting interest rates this year. The market has largely dismissed the threat of [...] READ MORE Speculative froth departing gold as China tightens trading conditionsNot all buying is equal and that is becoming apparent to gold. Arguably the physical buying interest from central banks as well as Chinese retail purchases underpinning the market could count as some of the highest quality in that neither is likely to return to the market irrespective of the price action. The [...] READ MORE Gold Tumbles as Haven Demand Wanes Amid Easing War RisksBullion plummets after the best run of weekly gains since 2023 Traders look ahead to US price data for monetary-policy clues Gold remains more than 15% higher so far this year, with gains supported by central-bank buying and demand from Asia, especially China. Gold took a tumble as haven demand waned after geopolitical tensions eased [...] READ MORE People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more goldGold prices have hit record highs on the back of strong demand from China's consumers and central bank. Gold prices have hit record highs, thanks to global uncertainties and expectations of central bank rate cuts. China's consumers and its central bank are snapping up gold, even as a falling yuan makes the metal pricier. Other [...] READ MORE Zimbabwe’s new gold-backed currency, the ZiG, is on a rollBacked by gold and foreign currencies, Zimbabwe’s fledgling currency has steadily risen in its debut week of trading, with an outsize gain on Thursday. After launching on Monday at $13.56 to the U.S. dollar, the Zig or Zimbabwe Gold, and was trading at $13.45 on Thursday, according to the Reserve Bank of Zimbabwe’s website. That marks […] READ MORE S&P 500 heads for worst month since 2022 as bond yields jump on inflation fearsInvestors, worried that the easing of inflation in the U.S. has stalled, are eyeing the recent rise in oil prices. The U.S. stock market’s bull run has hit a rough patch, as bond yields spiked this month on fears that a robust economy is helping to keep inflationary pressures alive. The S&P 500 SPX [...] READ MORE Silver Will Be GONE In The Blink Of An Eye…There’s A LOT LESS Than People Think!In this video, Alan Hibbard explores the current trends and future outlooks in the gold and silver markets, emphasizing the dramatic price increases, the scarcity of tradable silver compared to gold, and the surging demand from both retail and institutional investors. He covers the impact of inflation on these metals, legislative changes affecting their purchase, […] READ MORE US weekly jobless claims fall more than expected; continuing claims riseWASHINGTON, April 11 (Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that the labor market remained fairly tight, though it could be taking longer for some laid off workers to land new jobs. Initial claims for state unemployment benefits dropped 11,000 to a seasonally […] READ MORE $100,000 In Gold Recovered In Fraud Investigation: East Hampton PolicePolice said an accused scammer identified himself as a Homeland Security agent and demanded payment from an East Hampton resident in gold. Two men accused of attempting to scam an East Hampton resident out of a large amount of gold were arrested last week, according to police. (Shutterstock) EAST HAMPTON, CT — Two men accused […] READ MORE « Previous 1 … 17 18 19 20 21 … 80 Next »
