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Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation

Inflation has eased “notably in the past year but remains above our longer-run goal of 2%,” Federal Reserve Chair Jerome Powell said to reporters in Washington. The FOMC left the benchmark federal funds rate in a range of 5.25% to 5.5%.Source: Bloomberg Fed chief says ‘unexpected’ weakening could prompt rate cuts Fed shift is good [...] READ MORE

CEOs Rank National Debt as the Top Geopolitics Threat in 2024

National Debt news headline on cash (zimmytws/zimmytws - stock.adobe.com) The global economy’s continued challenges, including rising operating costs; labor challenges; trade tensions between the U.S., China and Europe; wars in the Middle East and Ukraine; threatening events in the Pacific; and political uncertainty in Latin America all make for a volatile and unsettling global picture [...] READ MORE

30-Year Fixed Mortgage Back Near 7%: Mortgage Interest Rates Today for March 25, 2024

Experts say the housing market likely won't see more affordable mortgage interest rates for a while.   Current mortgage interest rates If you’re in the market for a home, here are today’s mortgage rates compared to last week’s.   Mortgage rates change every day. Experts recommend shopping around to make sure you’re getting the lowest [...] READ MORE

Federal Reserve expected to cut rates, lift Biden’s prospects

FILE PHOTO: U.S. President Joe Biden visits the Intel Ocotillo Campus, in Chandler WASHINGTON (Reuters) - The U.S. Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy.   The Fed could [...] READ MORE

Iran’s currency hits a record low

TEHRAN, Iran (AP) — Iran’s currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian New Year.   On Sunday, people were trying to exchange rials for foreign currency at Tehran’s main hub of exchange shops in Ferdowsi Street, but most were closed due to [...] READ MORE

Three factors why gold will glitter in 2024

Three factors — the US Fed’s likely move to cut interest rates, a weaker dollar and geopolitical tension — will likely keep gold prices elevated in 2024 with research agencies raising their price forecast for the precious metal.   JP Morgan has picked gold as the top pick among commodities this year and has forecast [...] READ MORE

Is it a golden era for gold?

Executive summary The price of gold is often driven by a complex interplay of factors, including the U.S. dollar exchange rate, real yields, supply/demand dynamics and sentiment. In recent years gold has exhibited a tendency to react to real yields in an asymmetric manner, supported by strong central bank purchases. We are constructive on gold [...] READ MORE

Buy gold or gold miners? You don’t have to dig deep to hit paydirt.

If you want to bet on gold in coming weeks and months, you may want to favor gold-mining shares over gold bullion. AFP/GETTY IMAGE Gold bullion — physical gold GC00 — has outperformed gold-mining company shares over the past three years by one of the largest margins in decades. Gold recently hit a new all-time [...] READ MORE

Goldman Says Commodities to Gain as Central Banks Cut Rates

Goldman Says Commodities to Gain as Central Banks Cut Rates Raw materials may return 15% over 2024 as borrowing costs come down, manufacturing recovers, and geopolitical risks persist, analysts including Samantha Dart and Daan Struyven said in a March 24 note. Copper, aluminum, gold and oil products may climb, according to the bank, which also [...] READ MORE