March 8, 2024Physical silver buyers gatecrash COMEX vaultsLive from the Vault: Episode 163. In this weekβs episode of Live from the Vault, Andrew Maguire brings an in-depth analysis of the recent price movements in both gold and silver, before diving deep into the increasingly depolarised silver market to expose its vulnerabilities The London whistleblower takes listeners through the current bullish setup [...] READ MORE March 8, 2024U.S. job growth totaled 275,000 in February but unemployment rate rose to 3.9%KEY POINTS Nonfarm payrolls increased by 275,000 for the month while the jobless rate moved higher to 3.9%. Wall Street had been looking for 198,000 new jobs and unemployment at 3.7%. Downward revisions to December and January reduced initial estimates by 167,000 jobs. Wages rose just 0.1% on the month, one-tenth of a percentage point [...] READ MORE March 8, 2024Whatβs next for gold?Gold surged to an all-time high this week, boosted by expectations for US rate cuts, geopolitical tensions, and Chinaβs economic woes. How much further can it go? Gold prices have risen on expected US Fed rate cuts, geopolitical tensions and China's economic woes All eyes on the Fed The key driver for the outlook of [...] READ MORE March 8, 2024Gold Has Surged To New All-Time HighsThis week, gold rose as high as $2,161/oz, surpassing the significant $2,100 milestone and marking a historic moment for gold investors. READ MORE March 7, 2024Fed Is βNot Farβ From Confidence Needed to Cut Rates, Powell SaysWants more evidence inflation is moving sustainably at 2% Fed chief suggests central bank is close to adjusting rates Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. βWeβre waiting to become more confident that inflation is moving sustainably at [...] READ MORE March 7, 2024Big banks are getting what they want from WashingtonBig banks have been pressing US regulators to reconsider a controversial rule requiring them to hold greater buffers against future losses, and this week they got what they wanted. Federal Reserve Chair Jay Powell and FDIC Chair Martin Gruenberg both said Thursday they anticipate changes to the rule following pushback from lenders, community groups, [...] READ MORE March 7, 2024Layoffs rise to the highest for any February since 2009, Challenger saysKEY POINTS Layoff announcements in February hit their highest level for the month since 2009, Challenger, Gray & Christmas reported Thursday. With a series of high-profile layoff waves, tech leads the way this year in cuts with 28,218, though that number has fallen 55% from the same period a year ago. More than 75 employers [...] READ MORE March 7, 2024Gold Keeps Hitting Records and βNot Everything Adds Up.β Whatβs Moving PricesThe price of gold continued to march upward on Thursday, set for the fifth straight day of record highsβand itβs not just the U.S. economic backdrop and Federal Reserve policy expectations boosting the yellow metal. Front-month contracts for gold traded in New York rose some 0.1% on Thursday, trading as high as $2,153 per [...] READ MORE March 7, 2024Powell Signals Potential Rate Cuts Pending Inflation ControlFederal 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, […] READ MORE « Previous 1 … 4 5 6 7 8 … 44 Next »
