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Silver to see second-highest deficit in 20 years, as record industrial demand rises 9% in 2024 – Silver Institute’s World Silver Survey

(Kitco News) - Silver prices remain well supported at elevated levels as robust demand continues to outweigh supply, creating a further drawdown in above-ground stocks, according to the latest research from the Silver Insitute.   On Wednesday, the Silver Institute released its annual World Silver Survey, which was conducted by UK-based research firm Metals Focus. [...] READ MORE

The economy might be booming, but housing is in a recession: Top real estate CEO says he’s never seen anything like it in 20 years

Glenn Kelman, chief executive officer of Redfin, in 2015. Glenn Kelman is the chief executive of Redfin, a self-described technology-powered real estate company, a modern way to buy and sell homes. He’s been at the helm for almost two decades and doesn’t seem to have lost his zeal, not during the Great Financial Crisis, not [...] READ MORE

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

Federal Reserve Chair Jerome Powell participates in a Washington Forum on the Canadian Economy, together with Tiff Macklem, Governor of the Bank of Canada, Wednesday, April 16, 2025, in Washington. (AP Photo/Manuel Balce Ceneta) WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate [...] READ MORE

U.S. oil falls below $83 as war fears ease after Israel refrains from immediate Iran counterattack

an oil tanker pass through the Suez Canal, KEY POINTS Oil has sold off this week as traders unwind the geopolitical risk premium built into prices over the last two weeks on Israel-Iran tensions. Israel has refrained from immediately striking back against Iran in response to the unprecedented weekend air assault, reducing fears of a [...] READ MORE

Dollar’s dominant reserve currency status to endure, says Morgan Stanley

U.S. Dollar banknote is seen in this illustration taken July 17, 2022. LONDON, April 18 (Reuters) - The U.S. dollar's dominant reserve currency status is likely to endure partly because even the most talked about alternative the Chinese yuan falls short as a credible challenger, Morgan Stanley said in a report on Thursday.   Rivalry [...] READ MORE

US labor market stays resilient; housing regresses on higher mortgage rates

A "Help Wanted" sign sits in the window of a shop in Harvard Square in Cambridge, Massachusetts, U.S., February 11, 2019. Summary Weekly jobless claims unchanged at 212,000 Continuing claims rise 2,000 to 1.812 million Existing home sales drop 4.3% in March WASHINGTON, April 18 (Reuters) - The number of Americans filing new claims for [...] READ MORE

US to reimpose oil sanctions on Venezuela over election concerns

WASHINGTON/HOUSTON, April 17 (Reuters) - The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro's failure to meet his election commitments.   Just hours before the deadline, the U.S. Treasury Department [...] READ MORE

Gold Declines as Traders Consider Odds for Later Fed Rate Cuts

(Bloomberg) -- Gold declined as traders assessed the Federal Reserve’s indication that it will likely keep rates on hold for longer than originally planned.   Most Read from Bloomberg   Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding   Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs   Tesla Asks Investors [...] READ MORE

Hard Money Heat Check

There are few things I like more about NBA basketball than when a player gets so hot that it seems as though they can't miss a shot, no matter where they are shooting from. The legendary video game NBA Jam captured this beautifully, for those that remember. A “heat check” is when a hot player [...] READ MORE