How Gen Z's Interest in Gold is Shaping the MarketGold is experiencing a notable resurgence in popularity, particularly among the Gen Z demographic, as it regains its status as a coveted asset. This revival in interest comes despite the previous shift towards diamonds and other gemstones among Chinese consumers. The Spring Festival holiday saw strong gold consumption, with prices remaining high, yet not deterring […] READ MORE Oil Prices Climb as Market Optimism Grows Amid Tightening Supply SignalsOil prices have seen an uptick, supported by signs of robustness in the physical crude markets, contributing to the rally observed throughout the month. West Texas Intermediate (WTI) climbed above $78, nearing its peak for 2024, driven by strong refining margins and increased interest from foreign buyers looking to bypass Red Sea shipping complications. READ MORE G-20 Says World Economy Has Growing Chance of Soft LandingAt the recent G-20 meeting in Brazil, finance chiefs have expressed optimism about the global economy’s prospects, highlighting an increasing chance of achieving a soft landing despite recent challenges. According to a draft of the G-20’s closing statement, this positive shift is attributed to a faster-than-expected disinflation, suggesting a more balanced outlook for the global […] READ MORE February Sees First Drop in Consumer Confidence Since November, Signaling Economic UneaseIn February, consumer confidence in the U.S. experienced its first decline since November, marking a notable shift in public sentiment regarding the economy. The Conference Board reported a decrease in the Consumer Confidence Index to 106.7, down from January’s revised figure of 110.9. This decline came as a surprise to many, particularly following January’s preliminary […] READ MORE Analysts Predict Brighter Prospects For Gold Ahead in 2024Gold prices are currently experiencing a slight decline, sitting at $2,041.7 per troy ounce, with a modest outlook for imminent price increases according to Macquarie analysts. Despite gold’s strong recent performance, driven largely by significant physical demand from China, the prospect for near-term price growth remains limited. This is attributed to the inverse relationship between […] READ MORE Fed Rate Cut Hopes Dampened by Persistent Inflation and Strong Job GrowthThe possibility of the U.S. Federal Reserve reducing interest rates in 2024 could be impacted by recent economic indicators, including robust job growth and less promising inflation data, potentially postponing rate cuts until summer. Despite inflation receding from its peak, there’s a concern that it may have plateaued around 4%, rather than continuing its descent […] READ MORE Credit Card Debt: America's $1.13 Trillion ProblemThe average American is now shouldering a historically high level of credit card debt. As reported by the Federal Reserve, the total amount owed rose to $1.13 trillion in the final quarter of 2023. This staggering figure is mirrored by the fact that nearly 170 million consumers are currently carrying a balance on their credit […] READ MORE Dimon Highlights Commercial Real Estate's Recession-Contingent FutureJamie Dimon, the CEO of JPMorgan Chase & Co., has expressed a cautiously optimistic outlook regarding the commercial real estate sector, emphasizing that challenges within the industry could remain limited to specific areas, provided the U.S. steers clear of a recession. In a recent interview with CNBC, Dimon noted that despite the pressures from higher […] READ MORE De-Dollarization: Cross-Border Payment Platform to Include Currencies from Pakistan, India, and ChinBUNA, the UAE-based cross-border payment platform, is poised for a significant expansion by integrating currencies from Pakistan, India, China, as well as various African and European nations during 2024-2025. Announced by Fahad Al Turki, chairman of the Arab Regional Payments Clearing and Settlement Organization, at the World Governments Summit in Dubai, this initiative seeks to […] READ MORE « Previous 1 … 46 47 48 49 50 … 79 Next »
