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Silver price pulls back as early Fed rate-cut hopes fade

Silver price corrects after nearing the top of a major range at circa $26.00. The decline could be as a result of fading hopes the Federal Reserve will cut interest rates in the near term. Long-term fundamentals however support, including positive global growth and robust demand.   Silver price (XAG/USD) pulls back at the start [...] READ MORE

Inflation seems stubborn, but people keep spending. What’s going on?

Recent survey data shows consumers’ views of the economy have leveled out after marching higher over the winter. What’s consumers’ relationship with the economy these days? It’s complicated.   As last year drew to a close, inflation appeared to be heading decisively downward, consumer confidence was shooting higher, and many Americans’ wages were finally outpacing [...] READ MORE

China’s young investors are stockpiling gold beans

Gold, the leading commodity, has drawn investors’ attention by reaching a new all-time high of $2,195 per ounce. Now, young Chinese investors are deploying capital to accumulate gold beans and other gold jewelry for wealth protection.   Interestingly, these beans have become very popular among China’s Generation Z, due to their accessibility by weighing one [...] READ MORE

Gold Expert Talks 2024 Outlook, Plus Forecast for Silver, Platinum and Palladium

The start of 2024 has been strong for gold, which has breached US$2,100 per ounce and approached US$2,200.   Could the yellow metal move higher, and could its elevated price generate more interest among investors? What about silver, platinum and palladium — what does 2024 have in store for these precious metals?   John Reade, [...] READ MORE

Goldman Now Sees BOJ Scrapping Negative Interest Rate Tuesday

Goldman Now Sees BOJ Scrapping Negative Interest Rate Tuesday (Bloomberg) -- Goldman Sachs Group Inc. now expects the Bank of Japan will raise interest rates for the first time since 2007 at Tuesday’s meeting, after stronger wage outcomes and a number of news articles over recent days suggested a move is afoot.   “These developments [...] READ MORE

Silver Price Forecast – Silver Continues to Look Strong

Silver markets continue to look strong during the Thursday session as we continue to see buyers after that massive Wednesday candlestick. Silver Markets Technical Analysis Silver is hovering around the $25 level as I record this video and it certainly looks as if it is trying to break out yet again to the upside. It [...] READ MORE

Global silver production to grow by 4.1% in 2024, amid operation resumption

Dive into the details of this anticipated resurgence and the factors shaping the global silver market. Global silver production trends from 2010-2030. Credit: GlobalData. Global silver mine production is expected to rebound in 2024, with a 4.1% growth rate to 916.1 million ounces.   The increase will predominantly be fuelled by the resumption and ramp-up [...] READ MORE

Yellen Says She Regrets Saying Inflation Was‘Transitory’

Treasury Secretary Janet Yellen said she regrets describing inflation in 2021 as “transitory,” the term several Federal Reserve and Biden administration officials used to describe the pandemic-induced price surges they initially thought would be temporary.   “I regret saying it was transitory. It has come down. But I think transitory means a few weeks or [...] READ MORE

US Consumers Feel the Pinch as Inflation ConcernsLinger

Black Friday shoppers walk to stores as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. REUTERS/Vincent Alban Purchase Licensing Rights LONDON, March 15 (Reuters) - High prices [...] READ MORE