Gold climbs as cooling US inflation bolsters Fed rate cut betsSummary U.S. CPI increased less than expected in April Dollar at its lowest in over a month Palladium up 3% Gold climbed to near one-month high on Wednesday, aided by a weaker dollar and lower Treasury yields after data showed U.S. consumer prices rose less than expected in April, boosting chances of the Federal [...] READ MORE CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year agoKEY POINTS The CPI report showed an increase of 0.3% from March, the Labor Department’s Bureau of Labor Statistics reported Wednesday. Inflation eased slightly in April, providing some relief for consumers. On a 12-month basis, however, the CPI increased 3.4%, in line with expectations. Core inflation was at 3.6%, the lowest reading ex-food and energy [...] READ MORE Copper Short Squeeze in NY Prompts Rush to Send Metal to USCopper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in other regions to US shores. The sudden surge — which has seen Comex futures jump by more than 7% this week — has left metal for July delivery to the New York [...] READ MORE Fed Chair Powell says inflation has been higher than thought, expects rates to hold steadyKEY POINTS Fed Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected, likely keeping interest rates elevated for an extended period. “We did not expect this to be a smooth road. But these [inflation readings] were higher than I think anybody expected,” Powell said in Amsterdam. “What that has told [...] READ MORE How much gold does the UK own, and how does it compare?futurewalk Gold has long been viewed as the ultimate financial asset, and never more so than during times of uncertainty and financial crisis. While we no longer use the "gold standard" to determine the value of currencies, the precious metal is still incredibly useful. It's held by many central banks due to its immunity to [...] READ MORE The US dollar has become so weaponized that central banks are snapping up politically-neutral goldGold prices are reaching record highs because of strong buying by central banks. Central banks in countries aligned with China are diversifying their assets from the US dollar into gold. Central banks are favoring gold as a politically neutral, safe asset, insulated from sanctions. Gold prices are on a tear recently thanks to strong [...] READ MORE The Rothschild Family, the Masterminds of Central Banking, Just Bought BitcoinTime for some pure price study. It is easy to get lost and confused in all of the other indicators we could be looking at. Let's exercise Occam's Razor today: the explanation that posits fewer variables is preferred to one that posits more. Bitcoin is in a clear bull flag, a bullish pattern for [...] READ MORE China Megabanks Kick Off $8.3 Billion Loss-Absorbing Bond SalesTwo of China’s biggest state banks will sell a combined 60 billion yuan ($8.3 billion) of total loss-absorbing capacity bonds starting this week, the first such debt sales by Chinese lenders in a drive to replenish capital and support growth of the world’s No. 2 economy. Industrial & Commercial Bank of China Ltd. is [...] READ MORE Why the World Has Gone Cuckoo for CopperCopper plates at a refinery in Zambia. The U.S. and China are competing to acquire the metal essential for EVs and data centers. It is also at the center of a $43 billion takeover battle. After one of the world’s top copper producers recently hit a financial crunch, the Biden administration started huddling with [...] READ MORE « Previous 1 … 3 4 5 6 7 … 78 Next »