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Oil Rises to $85 in Rally Driven by OPEC, Geopolitical Risks

MEXICO-PEMEX-OIL EXPLORATION (Bloomberg) -- US crude futures pierced $85 for the first time since October, the latest milestone in a rally driven by OPEC+ production cuts, strong demand and heightened geopolitical risks.   Oil has jumped this week as tensions rise in the Middle East, with Iran vowing revenge on Israel for an airstrike on [...] READ MORE

Oil prices rise amid reports Iranian consulate hit by missile strike in Damascus

A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Crude oil futures rose on the first day of second-quarter trading Monday amid reports that the Iranian consulate in Damascus, Syria, was hit by a missile strike.   The West Texas Intermediate [...] READ MORE

Chances of global recession nearing 50% -Citigroup

(Reuters) -Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by the impact of the Ukraine war and the COVID-19 pandemic.   Recession is an "increasingly palpable risk" for the economy, Citigroup analysts wrote in a [...] READ MORE

Gold Pares Gains From Record as US Factory Data Spurs Fed Debate

Gold pared gains after hitting an all-time high as traders rethink the Federal Reserve’s rate-cutting path following solid US factory data.   Bullion jumped to $2,265.73 an ounce earlier Monday, up 1.6% from Thursday’s close. The Fed’s preferred gauge of underlying inflation — the core personal consumption expenditures index — cooled in February, data showed [...] READ MORE

Japan’s finance minister says ‘speculative’ moves in currency market impacting yen

The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines.   “We will [...] READ MORE

Gold hits fresh record as rate cut hopes build after data shows inflation ease

Gold prices shot to a fresh record on Monday, as investors continued to bank on U.S. interest rate cuts after data showed a key inflation gauge cooling.   Gold futures (GC00) (GCM24) rose just over $40, or 1.7%, to $2,278.30 an ounce. Gold settled at $2,238.40 an ounce on Comex Thursday, the highest finish on [...] READ MORE

Silver Could Be Heading to $50 – Watch These Levels for Clues

Gold surged to a fresh high this week, while silver also closed positively despite the US dollar strength. Factors like inflation concerns and anticipated Fed rate cuts are bolstering precious metals, with silver potentially poised for a breakout. Silver's consolidation near key support levels suggests it could initiate a significant upward move if it maintains [...] READ MORE

A Complete Guide To Buying Gold Bullion In Canada: Everything You Need To Know

Gold bullion is the timeless asset that stands firm against this uncertain economy, you can consider it as a steadfast guardian of your wealth. In Canada, gold bullion is highly sought after for investment and collectables. Therefore, more and more investors, whether seasoned or newbies, become intrigued by the value of this precious metal. If [...] READ MORE

Wholesale Silver Bullion: From Ancient Trade to Modern Investments

Did you know civilizations like the Greeks, Romans, and ancient Chinese used silver in bulk for trade and wealth preservation? They knew its value then, just like investors do today.  Buying wholesale silver bullion is not just about having a collection of shiny metal to diversify the portfolio, but investing in it has been a [...] READ MORE