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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

Fed’s Waller still sees ‘no rush’ to cut rates amid sticky inflation data

Federal Reserve Board Governor Christopher Waller poses before a speech at the San Francisco Fed, in San Francisco, California, U.S., March 31, 2023. NEW YORK, March 27 (Reuters) - Recent disappointing inflation data affirms the case for the U.S. Federal Reserve to hold off on cutting its short-term interest rate target, Fed Governor Christopher Waller [...] READ MORE

A Closer Look at HSBC’s New Gold Token

For over a decade, GoldSilver has championed the truth behind inflation — a truth now gaining recognition across mainstream media. A recent Forbes article echoes what Mike has long warned us about: the figures we’re shown barely scratch the surface of the true effect of inflation. In another groundbreaking development, HSBC's announcement of a new [...] READ MORE

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