Gold Keeps Hitting Records and ‘Not Everything Adds Up.’ What’s Moving PricesThe price of gold has been setting records for consecutive days. It’s not just the U.S. economic backdrop and Fed policy expectations boosting the yellow metal. DREAMSTIME The price of gold continued to march upward on Thursday, set for the fifth straight day of record highs—and it’s not just the U.S. economic backdrop and Federal [...] READ MORE New Billboard in Times Square Sounds Alarm on $34 Trillion National Debt CrisisIn the heart of New York City’s Times Square, a towering 50-foot billboard has been unveiled by the Committee to Unleash Prosperity (CTUP), striking a chord of caution among Americans with its stark warning about the nation’s burgeoning $34 trillion debt. This three-month-long ad campaign is designed to visually encapsulate the perilous journey of the […] READ MORE Powell Signals Potential Rate Cuts Pending Inflation ControlFederal Reserve Chair Jerome Powell stated on Wednesday that while the Fed anticipates reducing its key interest rate within the year, it seeks further proof of inflation steadily reverting to its 2% goal before taking action. His remarks to a House committee were consistent with his previous comments at a January 31 news conference. Nevertheless, […] READ MORE Gold Hits Record High: What's Next for the Bullion Market?Gold’s rise to a record high this week has left some analysts scratching their heads, wondering how much higher it can possibly climb. The unexpected 5% spike in gold prices over the last four trading days, culminating in surpassing the previous December peak, can be attributed to a cocktail of weak US economic data and […] READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB RulingUnder new regulations introduced by the Joe Biden administration, millions of Americans will see a reduction in credit card fees. The White House announced that the Consumer Financial Protection Bureau (CFPB) has completed a ruling that significantly lowers the standard credit card late fee from an average of $32 down to $8. This move aims […] READ MORE Gold's Unprecedented Surge in an Everything RallyIn the midst of a global “everything rally,” where asset classes across the board—from U.S. to Japanese and German stocks, alongside bitcoin—are reaching record highs, gold’s unprecedented climb stands out for several reasons. Despite the typical pattern of rising prices attracting speculative interest, gold ETF holdings have surprisingly declined even as its price surged, a […] READ MORE ADP Reports Slight Miss in Private Sector Job Growth for FebruaryIn February, private sector employment experienced a modest uptick with 140,000 new jobs added, slightly under the anticipated 150,000, according to ADP. This growth represents an improvement from January’s revised figure of 111,000. The leisure and hospitality sector was the leading contributor, adding 41,000 jobs, followed by construction with 28,000, and trade, transportation, and utilities […] READ MORE Fed Chair Powell Stresses Patience on Rate Cuts Amid Inflation BattleFederal Reserve Chair Jerome Powell emphasized to lawmakers that the Fed is cautious about reducing interest rates prematurely, insisting on solid evidence of inflation control before making any moves. In his testimony, Powell suggested that while it might be suitable to decrease borrowing costs at some point this year, the Federal Reserve is not prepared […] READ MORE Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut HintsGold prices edged higher on Wednesday, lingering near the record highs set in the previous session, with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s upcoming testimony for indications of a possible interest rate cut in June. Spot gold rose by 0.3% to $2,132.80 per ounce by midday, just shy of its historic peak of […] READ MORE « Previous 1 … 21 22 23 24 25 … 62 Next »
