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Are US interest rates high enough to beat inflation? The Fed will take its time to find out

Federal Reserve Rate Cuts The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.   A major concern expressed by both Fed policymakers and [...] READ MORE

Inflation and consumer spending updates ahead: What to know this week

Stocks rallied during a quiet week for economic data on Wall Street.   The Nasdaq Composite (^IXIC) rose just under 1% while the S&P 500 (^GSPC) popped almost 2%. The S&P 500 ended Friday back above 5,200 for the first time since early April. Meanwhile, the Dow Jones Industrial Average (^DJI) rose more than 2% [...] READ MORE

Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says

An employee holds an ingot of 99.98 percent pure platinum in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, Summary Platinum market faces 2nd consecutive annual deficit in 2024 - WPIC Supply from mines seen down 2%, recycled supply to rise by 5% Total demand [...] READ MORE

Silver Is Ridiculously Undervalued

We come to 2 conclusions when looking at the price of silver expressed in several other assets: silver is undervalued and chart patterns suggest that silver is eager to move higher.   Silver is undervalued, significantly undervalued. This becomes clear when looking at the price of silver expressed in other assets. In this article, we [...] READ MORE

China fires starting gun on $140bn debt sale to boost economy

The bonds are expected to have long maturities as a way of funding long-term projects while alleviating the debt burden of local governments Chinese authorities have kicked off plans to sell Rmb1tn ($140bn) of long-dated bonds, as Beijing raises spending to stimulate the economy.   The People’s Bank of China has asked brokers for advice [...] READ MORE

Nvidia Rivals Gold as Shield Against Inflation, Survey Shows

Jensen Huang, co-founder and chief executive officer of Nvidia Corp. The biggest US tech stocks are not only a bet on innovation but also a possible hedge against inflation, according to some respondents in the latest Bloomberg Markets Live Pulse survey.   Gold, the haven of choice for decades, is still seen as the best [...] READ MORE

Dollar eases as market awaits key inflation data

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. NEW YORK/LONDON, May 13 (Reuters) - The dollar eased versus most major currencies on Monday amid expectations key U.S. data this week will show a slowing pace of inflation and growth [...] READ MORE

Asia Gold Sky high prices take shine off Indian gold buying festival

A saleswoman picks gold necklaces to show it to a customer inside a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kochi, India, May 7, 2019. Summary India flips to discount of $7/oz this week China premiums rise to $26-$35/oz Demand picks up in Japan after holidays - traders [...] READ MORE

Gold dips as traders await US inflation data for Fed rate cut cues

Production of gold at Krastsvetmet precious metals plant in Krasnoyarsk (Reuters) - Gold prices fell 1% on Monday on profit-taking, as investors looked forward to key inflation figures this week for clues on the U.S. interest rate cuts this year.   Spot gold fell 1% to $2,336.76 per ounce by 1745 GMT. It had hit [...] READ MORE