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Gold edges lower as dollar gains, investors await U.S. data for rate-cut clues

Gold prices dipped on Wednesday as the dollar edged up, while market participants assessed the timeline for potential U.S. interest rate cuts and were on the lookout for fresh cues for further clarity on monetary policy. Gold dipped slightly on Wednesday, as a stronger dollar weighed on prices, while investors awaited U.S. data for clues [...] READ MORE

The US dollar is so strong that China’s central bank, among others, just keeps loading up on gold

Robust Chinese gold buying has sent prices of the precious metal to record highs China's economy is struggling, leading to a surge in gold purchases as a safe-haven asset. Central banks are on a gold-buying spree, contributing to record-high spot gold prices. Other central banks are also snapping up gold to diversify their assets on [...] READ MORE

I’m an Economist: Here Are My Predictions for Inflation If Trump Wins

The 2024 election will be here before you know it, and economists are watching it closely.   If Donald Trump wins a second term, some experts believe it could affect the trajectory of inflation in the United States — that a second Trump term would mean higher tariffs, higher deficits and other policies that would [...] READ MORE

What To Expect From April’s CPI Report

FILE - Federal Reserve Board chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, March 20, 2024. The Federal Reserve wraps up its two-day policy meeting Wednesday, May 1, 2024. Most analysts expect that the central bank will leave its benchmark borrowing rate alone for the sixth straight meeting. The [...] READ MORE

The Global Solar Power Boom Is Driving a Surge in Silver Demand

Demand for silver from the makers of solar PV panels is forecast to increase by almost 170% by 2030. A booming solar-power industry is driving a surge in the demand for silver, which is needed in large quantities to make photovoltaic panels.   Silver is integral to the production of solar photovoltaic—or solar PV—panels because [...] READ MORE

US dollar rises as yen weakness resumes

A man rides a bicycle past an electronic screen displaying the current Japanese Yen exchange rate against the U.S. dollar and other foreign currencies in Tokyo, Japan May 2, 2024, NEW YORK, May 7 (Reuters) - The U.S. dollar rose against most currencies on Tuesday, steadily gaining ground throughout the day as investors digested the [...] READ MORE

Oil prices little changed as U.S. moves to replenish reserve, Gaza cease-fire still uncertain

KEY POINTS Israel’s War Cabinet voted to continue military operations in Gaza but sent a delegation to Egypt to continue cease-fire talks. Hamas accepted a cease-fire proposal Monday that Israel rejected. Chevron CEO Mike Wirth said risk remains to the upside for oil prices due to the war. Hundreds of Palestinians, including women and children [...] READ MORE

Copper Touches $10,000 as Goldman Sees ‘Stockout’ Risk

Copper Touches $10,000 as Goldman Sees ‘Stockout’ Risk (Bloomberg) -- Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.   Metals joined a wider rally in risk assets after soft US jobs data triggered renewed speculation that the [...] READ MORE

What Pops THE BUBBLE CENTURY?

  In this deep dive, Mike Maloney unpacks the complexities of our current economic landscape with sharp precision. From the relentless inflation rates to the speculative stock market bubbles, Mike uses historical data and economic theory to predict future trends. What’s causing these economic bubbles? And more importantly, what can potentially burst them?   This [...] READ MORE