News - CanAm Bullion

New Billboard in Times Square Sounds Alarm on $34 Trillion National Debt Crisis

In the heart of New York City’s Times Square, a towering 50-foot billboard has been unveiled by the Committee to Unleash Prosperity (CTUP), striking a chord of caution among Americans with its stark warning about the nation’s burgeoning $34 trillion debt. This three-month-long ad campaign is designed to visually encapsulate the perilous journey of the […]

Powell Signals Potential Rate Cuts Pending Inflation Control

Federal Reserve Chair Jerome Powell stated on Wednesday that while the Fed anticipates reducing its key interest rate within the year, it seeks further proof of inflation steadily reverting to its 2% goal before taking action. His remarks to a House committee were consistent with his previous comments at a January 31 news conference. Nevertheless, […]

Gold Hits Record High: What's Next for the Bullion Market?

Gold’s rise to a record high this week has left some analysts scratching their heads, wondering how much higher it can possibly climb. The unexpected 5% spike in gold prices over the last four trading days, culminating in surpassing the previous December peak, can be attributed to a cocktail of weak US economic data and […]

Understanding the Silver Spot Price: A Comprehensive Guide for Investors

Silver holds significant value in the investment market due to its affordability. This also makes it the perfect metal to diversify your investment portfolio. While making a purchase of silver, you need to consider the current market price or the spot price of the metal. The Silver Spot Price fluctuates based on market demand and [...] READ MORE

Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling

Under new regulations introduced by the Joe Biden administration, millions of Americans will see a reduction in credit card fees. The White House announced that the Consumer Financial Protection Bureau (CFPB) has completed a ruling that significantly lowers the standard credit card late fee from an average of $32 down to $8. This move aims […]

Gold's Unprecedented Surge in an Everything Rally

In the midst of a global “everything rally,” where asset classes across the board—from U.S. to Japanese and German stocks, alongside bitcoin—are reaching record highs, gold’s unprecedented climb stands out for several reasons. Despite the typical pattern of rising prices attracting speculative interest, gold ETF holdings have surprisingly declined even as its price surged, a […]

ADP Reports Slight Miss in Private Sector Job Growth for February

In February, private sector employment experienced a modest uptick with 140,000 new jobs added, slightly under the anticipated 150,000, according to ADP. This growth represents an improvement from January’s revised figure of 111,000. The leisure and hospitality sector was the leading contributor, adding 41,000 jobs, followed by construction with 28,000, and trade, transportation, and utilities […]

Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation Battle

Federal Reserve Chair Jerome Powell emphasized to lawmakers that the Fed is cautious about reducing interest rates prematurely, insisting on solid evidence of inflation control before making any moves. In his testimony, Powell suggested that while it might be suitable to decrease borrowing costs at some point this year, the Federal Reserve is not prepared […]

Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut Hints

Gold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of […]

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