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China’s gold markets under strain

China’s gold markets under strain as horde of new buyers hunts for stable investment.   April has been a busy month for the Hualin International Jewelry Market in Guangzhou. A scrum of eager buyers has descended upon the venue, looking to join a new gold rush as prices soar and the precious metal takes on [...] READ MORE

Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’

The risk of a global recession is “fairly minimal,” Pierre-Olivier Gourinchas, the International Monetary Fund’s economic counsellor, told CNBC. Good news include strong economic performance by the U.S. and several emerging market economies, along with inflation falling faster than expected until recently, despite weaker growth in Europe. However, threats to economic growth remain from escalating [...] READ MORE

Nine people facing charges over ‘largest gold heist in Canadian history’

Nine people are facing charges over what authorities are calling the biggest gold theft in Canadian history from Toronto’s Pearson International Airport a year ago.   Peel Regional Police said that 6,600 gold bars worth more than 20 million Canadian dollars (£11.6 million) and 2.5 million (£1.4 million) in foreign currencies were stolen and the [...] READ MORE

Biden-Harris Administration Releases First Set of Draft Rules to Provide Debt Relief to Millions of Borrowers

The Biden-Harris Administration today released its first set of draft rules that propose to provide student debt relief for tens of millions of borrowers across the country. These plans were announced last week by President Biden in Madison, Wisconsin. If implemented as proposed, these plans, and others announced by the President, would bring the total [...] READ MORE

Opinion: Cutting interest rates is misguided – the easy money would only fuel inflation

The Federal Reserve should keep credit conditions tight for now iStockphoto Federal Reserve Chair Jerome Powell is too focused on when to cut interest rates. First, it’s uncertain that U.S. inflation will head back to 2% and stay there, and second, Powell isn’t giving enough consideration to the hemorrhaging federal deficit.   The Congressional Budget [...] READ MORE

Stocks wobble after Powell warns that rate cuts will likely come later than expected

Federal Reserve Chair Jerome Powell speaks at Stanford University on April 3 in Stanford, California. Washington (CNN) — US stocks wavered Tuesday after Federal Reserve Chair Jerome Powell said a “lack of further progress” on inflation means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away, keeping [...] READ MORE

Powell says conditions needed to cut rates likely to take longer to appear

Recent inflation data shows a lack of further progress on inflation, Fed chair says Federal Reserve Chair Jerome Powell (Photo by Nicholas Kamm/AFP via Getty Images) Most recent data shows a lack of progress this year on reaching the Federal Reserve’s inflation goal, indicating that more time is needed before it can lower interest rates, [...] READ MORE

Gold retreats as dimming rate cut expectations overshadow safe haven demand

Summary Fed's Powell: Restrictive rates policy needs more time to work Global silver deficit to rise in 2024 - Silver Institute Silver, palladium up over 1% April 17 (Reuters) - Gold prices edged down on Wednesday, but traded near their record high levels hit last week, as pressure from fading U.S. rate cut hopes overshadowed [...] READ MORE

Silver’s 44 Year Cup & Handle “Now, I Believe MID TO HIGH Triple Digits Are Baked in the Cake”

Embark on a thrilling financial journey as we explore the intricate history of silver pricing, highlighting significant chart patterns and predictions that suggest a monumental surge in silver's value. Dive deep into the relationship between the expanding currency supply since 1980 and silver's potential ascent to an astonishing $921 per ounce, supported by technical and [...] READ MORE