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 The ‘supercore’ inflation measure shows Fed may have a real problem on its handsKEY POINTS Markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. The gauge measures services inflation excluding food, energy and housing and has been roaring higher lately, up 4.8% year over year in March and more than 8% at a 3-month annualized pace. The […] READ MORE Scientists reveal Antarctica’s tallest active volcano is blasting out gold that could be worth a fortuneThere's a volcano in Antarctica that spews out literal bits of gold. If only money grew on trees or fell from the sky eh? Well, if you fancy a trip to the cold depths of Antarctica and fancy your chances getting fairly up close and personal with the highest active volcano in the continent, the [...] READ MORE Copper Homes in on $10,000 a Ton as Supply Angst Continues(Bloomberg) -- Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that miners will struggle to service a surge in demand for the bellwether industrial metal. Base metals have posted broad gains in recent weeks, and copper opened Monday with [...] READ MORE « Previous 1 … 17 18 19 20 21 … 79 Next »
