America Blew Almost $2 Trillion. Make It Stop: Kathryn EdwardsKathryn Edwards critiques the mismanagement of the US federal budget, highlighting the nearly $2 trillion that seems to have been wastefully spent. The article points out the routine funding disputes and debt-ceiling conflicts that risk causing defaults and shutdowns, alongside a declining credit rating for the country. Despite the government’s size, the issue isn’t its […] READ MORE Gold Nears Two-Month High Amid Anticipation of US Rate CutGold prices remained close to a two-month high, influenced by last week’s weak U.S. economic data, which has increased expectations for the Federal Reserve to lower interest rates in June. As of midday GMT, spot gold was stable at $2,082.89 per ounce, while U.S. gold futures saw a slight decline of 0.2% to $2,091.50. The […] READ MORE Pulling Gold out of E-Waste Suddenly Becomes Super-ProfitableResearchers from ETH Zurich have developed an innovative and cost-effective method for extracting high-purity gold from electronic waste (e-waste), yielding a return of $50 for every $1 invested in the process. Surprisingly, the breakthrough substance used for gold extraction was discovered in cheesemaking. This new technique not only presents a sustainable approach to recycling e-waste […] READ MORE ZeroHedge: Questions About Gold The CFTC And Fed Won’t AnswerZeroHedge highlights longstanding concerns regarding the transparency and accuracy of the gold reserves reported by the Federal Reserve on behalf of the U.S. Treasury. Notably, these reserves have not undergone a formal, independent audit since the era of President Eisenhower, casting doubt among skeptics, including the Gold Anti-Trust Action Committee (GATA), on the actual existence […] READ MORE A Close Above $2,078/oz Sets a Record High Closing Price for GoldGold prices on Friday are challenging record price setting levels with the prior closing price high of $2,078.20 an ounce. READ MORE Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap NarrowsOil prices climbed past $80 a barrel, continuing their upward momentum as breaking this significant threshold spurred further purchasing. West Texas Intermediate (WTI) experienced a notable increase, rising up to 3.3% and hitting its highest intraday prices since November. This uptick is reflected in crude’s time spreads—a measure of market conditions—showing a sharp rise this […] READ MORE Latest Inflation Data Shows Fed Has More Work to DoLoretta Mester, President of the Federal Reserve Bank of Cleveland, acknowledged in a Yahoo Finance interview that recent inflation data indicates the Federal Reserve still has significant efforts ahead to mitigate price pressures. Despite this, Mester remains optimistic about the Fed’s ability to achieve its 2% inflation target over time and anticipates the Federal Reserve […] READ MORE Facing Facts: ‘Cautiously Bullish’ on Gold in 20242023 was a remarkable year for gold, with its price peaking at a record high of $2,078 per ounce and closing the year with a notable 14% year-over-year gain. Despite these achievements, investors approach 2024 with caution. Their wariness was primarily due to anticipation of the US Federal Reserve’s monetary policy direction. Following the Fed’s […] READ MORE Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with CautionRichmond Federal Reserve President Thomas Barkin expressed in a CNBC interview that it’s premature to forecast when the Federal Reserve might start reducing its benchmark interest rate, citing ongoing wage and inflation pressures within the U.S. economy. Despite a recent high inflation report, Barkin remains optimistic about inflation eventually subsiding, which would justify normalizing interest […] READ MORE « Previous 1 … 42 43 44 45 46 … 78 Next »
