February 22, 2024Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 MonthsGoldman Sachs predicts a 6% increase in gold prices over the next 12 months, driven by robust central bank acquisitions and vigorous retail demand in emerging economies. This anticipated rise would elevate gold to $2,175 a troy ounce, according to Nicholas Snowdon and Lavinia Forcellese from the bank’s Commodities Research team. While the near-term outlook […] READ MORE February 22, 2024Gold Inches Higher, Supported by Soft Dollar and Rising Middle East TensionsGold prices saw a modest increase on Thursday, influenced by a combination of a dipping dollar and rising tensions in the Middle East. This uptick comes as investors are on the lookout for upcoming U.S. economic data, which is expected to provide further insights into the Federal Reserve’s stance on interest rates. The spot gold […] READ MORE February 22, 2024Markets underestimate risk of inflation re-accelerating, says PIMCOAmid the financial community’s growing optimism about interest rate cuts and economic recovery, PIMCO, the U.S. bond behemoth, throws in a word of caution, suggesting that both equity and fixed income markets might be underestimating the looming threats. Despite expectations for the Federal Reserve to lower rates within the year, PIMCO warns that the pace […] READ MORE February 22, 2024From 68 Cents to $18: The Inflation Shockwave at McDonald'sExplore the shocking price hikes, the impact on low-income customers, and how currency devaluation is affecting consumer behavior. READ MORE February 22, 2024CENTRAL BANKS REIGNITE GOLD’S BULL RUNThe Fed’s dovish pivot, along with another year of very robust official sector buying, are set to feed a gold bull run later in the year. Pending Fed rate cuts in the months to come should prompt traders to grow long exposure. Strong physical demand and official sector buying are projected to lift prices to [...] READ MORE February 21, 2024Fed Minutes: Patience Prevails as Officials Await Clearer Inflation TrendIn their latest meeting, Federal Reserve officials struck a cautious tone on the prospect of lowering interest rates, emphasizing a balanced approach towards inflation control. Despite acknowledging a significant reduction in inflation from its peak in mid-2022, the highest in over four decades, officials underscored the necessity of more evidence before considering policy easing. The […] READ MORE February 21, 2024Higher Inflation Challenges South Africa's Economic StabilitySouth Africa’s inflation rate edged up for the first time in three months this January, primarily driven by escalating fuel and food costs, marking a modest uptick to 5.3% year-over-year from December’s 5.1%. This increase, though slight, has inflation continuing to exceed the central bank’s preferred midpoint target of 4.5% for nearly three years, suggesting […] READ MORE February 21, 2024The Largest Gold Reserves by Country VisualizedGold, known for its enduring value and role as a financial safety net, has once again proven its mettle amid fluctuating U.S. interest rates and persistent geopolitical tensions, reaching new heights in December 2023. A graphic created by Sam Parker, utilizing comprehensive data from authoritative sources like Central Banks, the Federal Reserve Bank of St. […] READ MORE February 21, 2024Asda Report Highlights Significant Rise in British Families' Disposable IncomesIn the UK, households are experiencing an increase in disposable income, reaching a nearly two-year high, according to a survey published by the supermarket chain Asda. The report indicates that the average UK household’s disposable income rose by 6.1% year-on-year to £230 ($182) per week last month, marking the highest level since March 2022. This […] READ MORE « Previous 1 … 19 20 21 22 23 … 50 Next »
