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Gold prices have been hitting record highs — here’s why the rally is far from over

KEY POINTS Gold prices hit a new all-time high on Thursday, and there’s still room for it to surge as several countries are on a gold-buying spree. Prices could rise to $2,300 per ounce in the second half of 2024, especially against the backdrop of expectations that the U.S. Strong physical demand for gold is [...] READ MORE

Analyst who correctly predicted gold’s rally updates target

Investors have many options for investing their hard-earned cash. Stocks and bonds or commodities like gold are among the most common choices.   Stocks have been the biggest winner since fall, but gold bugs can't complain. The precious metal has increased sharply since last summer, surprising many who thought it would struggle as inflation fell [...] READ MORE

Crude Oil Rally Loses Steam as Technicals Signal Pullback

Crude Oil Rally Loses Steam as Technicals Signal Pullback (Bloomberg) -- West Texas Intermediate fell about 2% to settle near $81, cooling a rally that had carried crude to the highest closing price since late October.   The pullback comes after prices were pushed into overbought territory and algorithms reached their maximum long positions. With [...] READ MORE

100,000,000+ Ounces of Digital Silver Traded in 1-Hour

100,000,000+ ounces of digital Silver traded in 1-hour:   ~$2.5 Billion in Liquidity in #Silver Futures trading as the price moves into what appears a significant breakout mode: READ MORE

UK Inflation comes out lower. But was this just the warm up?

The big figure of the week is from the Federal Open Markets Committee which is currently meeting to decide US interest rates. We will get the results of that meeting at 6pm (GMT) this evening.   No change is expected, however, the committee will release its latest ‘dot plots’ which are their expectations as to [...] READ MORE

Recent Higher Inflation Numbers Haven’t ‘Really Changed the Overall Story’

Inflation has been running hotter recently, with the first two months of data for this year showing little progress in bringing price growth back to the Federal Reserve’s 2% target.   Fed Chair Jerome Powell said Wednesday that the January and February consumer price index and the January personal consumption expenditures price index were “quite [...] READ MORE

US debt could balloon past the point of no return in 20 years. Here’s what it could mean and 3 assets investors can use to hedge, according to a Wharton professor.

sdominick/ Getty Images Market veterans warn of a credit bubble burst that could impact interest rates and cause inflation. Kent Smetters forecasts a point of no return for the US economy in 20 years due to rising debt. To hedge against an economic downturn, Smetters recommends buying bonds that adjust for inflation.   The US [...] READ MORE

The rising de-dollarization trend is a risk to US stocks, Morgan Stanley wealth CIO says

Broken dollar bill Getty Images De-dollarization trends pose a risk to the US stock market, Morgan Stanley Wealth Management says. Stocks have been fueled by "ample liquidity," with the dollar's momentum at the core of the easy money regime.   Moves to weaken the dollar's hold on global trade and its status as a top [...] READ MORE

Texas Man Charged With Orchestrating Digital Currency Scam That Bilked Investors out of More Than $10 Million

CHICAGO — A Texas man has been indicted in Chicago on federal fraud charges for allegedly orchestrating a digital currency scam that bilked investors out of more than $10 million.   ROBERT DUNLAP, 52, of Houston, Texas, is charged with four counts of mail fraud in an indictment returned in U.S. District Court for the [...] READ MORE