Silver Seen as 'Screaming Buy' with Prices Expected to Soar – InvestingHavenThe article discusses the potential for silver prices to reach $30 in 2024, driven by a supply deficit and bullish market fundamentals. Despite the physical silver market’s shortfall and silver being undervalued relative to gold, there’s a strong case to be made that silver is deeply undervalued at its current price. New data from the […] READ MORE Zimbabwe Eyes Gold-Backed Currency to Fortify Financial StabilityZimbabwe is exploring the option of backing its currency with gold to stabilize its exchange rate, according to Finance Minister Mthuli Ncube. This announcement comes as part of efforts to address the ongoing instability of the Zimbabwe dollar, which has struggled since its reintroduction in 2019 after a period of hyperinflation. President Emmerson Mnangagwa also […] READ MORE Record Gold Buying by Central Banks Expected to Continue, According to TDSIn recent years, central banks across the globe have significantly increased their gold acquisitions, with purchases surpassing 1,000 tonnes annually in both 2022 and 2023. TD Securities analysts forecast this upward trend in gold buying to persist, driven by a growing consensus among central banks regarding a potential decline in the dominance of the US […] READ MORE Currency Watch: Dollar Rises, Eyes Set on Upcoming U.S. Inflation InsightsThe dollar saw a slight increase as many Asian markets were closed for a holiday, setting the stage for a potentially eventful week focused on U.S. inflation data. This data is crucial because it could hint at when the Federal Reserve might begin reducing interest rates. The euro fell slightly, while the pound also dropped. […] READ MORE Interest Rate Outlook: Fed Plans Cautious Cuts After Inflation AssessmentThe Federal Reserve has been increasing the federal funds rate to fight inflation, with 11 hikes from March 2022 to July 2023. Although prices are beginning to decrease, the Fed is waiting for more solid data before making any rate cuts. In its first 2024 meeting, the Federal Open Market Committee (FOMC) kept interest rates […] READ MORE Government Says, Inflation in December Was Even Lower Than First ReportedThe U.S. government has announced that inflation in December was even lower than initially reported. The revised data shows that prices for a wide range of goods and services rose by 0.2% for the month, which is lower than the first estimate of 0.3%. This slight adjustment indicates that inflation was cooling down as 2023 […] READ MORE Nvidia’s Market Cap Worth As Much as the Entire Chinese Stock MarketNvidia has seen its value skyrocket, reaching a point where it’s now equivalent to the entire value of the Chinese stock market. Over the past year, Nvidia’s value has jumped by 228%, contrasting sharply with the 26% drop in the Hang Seng Index, which tracks the Hong Kong stock market, primarily fueled by their dominance […] READ MORE Turkey Leads Central Banks in January Gold PurchasesTurkey continued its trend of investing heavily in gold in January, purchasing 23 tonnes and maintaining its position as the world’s leading gold buyer among central banks for that period. This recent purchase has brought Turkey’s gold reserves to an all-time high of 565 tonnes. Globally, central banks have increased their gold reserves by a […] READ MORE Gold Price Forecast: CommerzBank Says Gold Unlikely To Leave its Trading RangeAnalysts at Commerzbank are not optimistic about a sudden shift towards rapid interest rate cuts, even if the inflation data comes in lower than expected. They believe that without a significant surprise in the inflation figures, gold is unlikely to break out of its current trading range, which lies between slightly over $2,050 and $2,000. READ MORE « Previous 1 … 57 58 59 60 61 … 78 Next »
