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Silver Could Be Heading to $50 – Watch These Levels for Clues

Gold surged to a fresh high this week, while silver also closed positively despite the US dollar strength. Factors like inflation concerns and anticipated Fed rate cuts are bolstering precious metals, with silver potentially poised for a breakout. Silver's consolidation near key support levels suggests it could initiate a significant upward move if it maintains [...] READ MORE

Oil prices rise amid reports Iranian consulate hit by missile strike in Damascus

A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Crude oil futures rose on the first day of second-quarter trading Monday amid reports that the Iranian consulate in Damascus, Syria, was hit by a missile strike.   The West Texas Intermediate [...] READ MORE

Chances of global recession nearing 50% -Citigroup

(Reuters) -Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by the impact of the Ukraine war and the COVID-19 pandemic.   Recession is an "increasingly palpable risk" for the economy, Citigroup analysts wrote in a [...] READ MORE

Gold Pares Gains From Record as US Factory Data Spurs Fed Debate

Gold pared gains after hitting an all-time high as traders rethink the Federal Reserve’s rate-cutting path following solid US factory data.   Bullion jumped to $2,265.73 an ounce earlier Monday, up 1.6% from Thursday’s close. The Fed’s preferred gauge of underlying inflation — the core personal consumption expenditures index — cooled in February, data showed [...] READ MORE

Gold hits fresh record as rate cut hopes build after data shows inflation ease

Gold prices shot to a fresh record on Monday, as investors continued to bank on U.S. interest rate cuts after data showed a key inflation gauge cooling.   Gold futures (GC00) (GCM24) rose just over $40, or 1.7%, to $2,278.30 an ounce. Gold settled at $2,238.40 an ounce on Comex Thursday, the highest finish on [...] READ MORE

Why are gold prices rising?

Credit: Shutterstock Gold prices continue on the rise, after hitting an all-time high in mid-March. This growth is a result of the US Federal Reserve’s indication that interest rates will be cut by three-quarters of a percentage point by the end of 2024.   Investors typically turn to gold during periods of market volatility or [...] READ MORE

Larry Fink joins Jamie Dimon and Jerome Powell is sounding the alarm on ‘snowballing’ national debt: ‘The situation is more urgent than I can ever remember’

Victor J. Blue—Bloomberg via Getty Images America’s "snowballing debt"—at $34 trillion and counting—is putting the country on course to end up in a crisis reminiscent of Japan's lost decade, and Washington cannot take for granted the notion that investors will continue to fund its fiscal deficit forever, warns BlackRock CEO Larry Fink. The CEO of [...] READ MORE

Beware of Synthetic Gold!

  Discover the truth behind HSBC’s claim of tokenizing gold with Mike Maloney and Alan Hibbard. In this eye-opening discussion, they dissect the fine print of HSBC’s gold investment scheme. Learn why this supposed innovation might not be what it seems, the limitations investors face, and the significant risks involved. If you’re considering investing in [...] READ MORE

Gold hits record highs on safe-haven demand, US rate cut bets

Production of gold at Krastsvetmet precious metals plant in Krasnoyarsk (Reuters) - Gold prices hit a record high on Thursday, and logged their best month in over three years, propelled by U.S. interest rate cut expectations and strong safe-haven demand.   Spot gold gained 1.2% to $2,220.85 per ounce as of 1:50 p.m. EDT (1750 [...] READ MORE