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Fed’s Barr: Inflation data ‘disappointing,’ tight policy needs more time

AMELIA ISLAND, Florida - U.S. inflation data through the first months of 2024 has been "disappointing," Fed vice chair for supervision Michael Barr said on Monday, leaving the central bank short of the evidence it needs to ease monetary policy.   "Inflation readings in the first quarter of this year were disappointing. These results did [...] READ MORE

6 Silver Coin Mints Every Bullion Investor and Collector Must Know

Silver coins are a popular choice in the world of precious metals. As an asset, silver coins hold intrinsic worth due to their silver content. These coins are known for their rarity, beauty, and historical significance, which further enhances their value. Investing in silver coins provides an ideal balance of tangibility and collectibility while providing [...] READ MORE

Silver Price Chart

Silver Price Guide Answers to common questions about the spot price of silver:   What Is the Silver Spot Price? ”Spot” is the underlying price for one ounce of silver in most financial and commercial markets. In most parts of the world the silver price per ounce is quoted in US dollars.   The silver [...] READ MORE

China’s gold market in April: investment demand remained strong

Key highlights: The Shanghai Gold Benchmark PM (SHAUPM) in RMB and the LBMA Gold Price AM in USD extended momentum in April, both capturing further rises Gold withdrawals from the Shanghai Gold Exchange (SGE) totalled 131t in April, a 7t rise m/m and a 10t increase y/y: robust investment demand offset gold jewellery weakness The [...] READ MORE

Could Redditors Trigger the Silver Squeeze 2.0?

This week, we explore a groundbreaking development in the financial world: one of the most influential names in central banking has revealed a purchase of shares in a Bitcoin ETF, signaling a big shift in the acceptance of digital assets by traditional financial powerhouses.   Additionally, the meme-stock craze appears to be back. Earlier this [...] READ MORE

Copper Short Squeeze in New York Is Rocking Metals Markets

A massive dislocation between the prices for copper traded in New York and other commodity exchanges has rocked the global market for the metal and prompted a frantic dash for supplies to ship to the US.   The source of the disruption is a short squeeze that has driven up prices on the Comex exchange [...] READ MORE

Gold, silver and platinum’s red-hot rally still has further to go, strategists say

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. KEY POINTS Precious metal prices got a major boost Wednesday after softer-than-expected U.S. inflation data heightened the near-term prospect of rate cuts from the Federal Reserve. Gold prices on Wednesday settled at [...] READ MORE

Currency volatility: Will US dollar strength continue?

Key takeaways The prospect of fewer interest rate cuts in the U.S. has taken the dollar to new highs — and should underpin its resilience going forward. If the European Central Bank (ECB) cuts interest rates sooner than the Federal Reserve (Fed), this will widen the rate gap between the U.S. and the Eurozone, putting [...] READ MORE

An elite hedge fund bought 1 million GameStop shares before the meme stock’s 400% surge

Renaissance Technologies bought 1 million GameStop shares last quarter A top hedge fund built a GameStop stake from scratch last quarter ahead of the meme stock's surge. Renaissance Technologies' 1 million shares were briefly worth $65 million at Tuesday's high. RenTech, founded by the late Jim Simons, also boosted its AMC bet and pared Tesla [...] READ MORE