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What’s next for gold?

Gold surged to an all-time high this week, boosted by expectations for US rate cuts, geopolitical tensions, and China’s economic woes. How much further can it go? Gold prices have risen on expected US Fed rate cuts, geopolitical tensions and China's economic woes All eyes on the Fed The key driver for the outlook of [...] READ MORE

Gold Has Surged To New All-Time Highs

This week, gold rose as high as $2,161/oz, surpassing the significant $2,100 milestone and marking a historic moment for gold investors.

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Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says

Wants more evidence inflation is moving sustainably at 2% Fed chief suggests central bank is close to adjusting rates   Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates.   “We’re waiting to become more confident that inflation is moving sustainably at [...] READ MORE

Big banks are getting what they want from Washington

Big banks have been pressing US regulators to reconsider a controversial rule requiring them to hold greater buffers against future losses, and this week they got what they wanted.   Federal Reserve Chair Jay Powell and FDIC Chair Martin Gruenberg both said Thursday they anticipate changes to the rule following pushback from lenders, community groups, [...] READ MORE

Layoffs rise to the highest for any February since 2009, Challenger says

KEY POINTS Layoff announcements in February hit their highest level for the month since 2009, Challenger, Gray & Christmas reported Thursday. With a series of high-profile layoff waves, tech leads the way this year in cuts with 28,218, though that number has fallen 55% from the same period a year ago. More than 75 employers [...] READ MORE

China Splurges on Gold For a 16th Month as Price Hits Record

Nation has been adding gold to diversify financial reserves Central-bank buying has been key support for precious metal   China’s central bank added gold to its reserves for a 16th straight month in February, extending a long buying spree that’s helped to support the precious metal’s surge to a record high.   Bullion held by [...] READ MORE

Gold Keeps Hitting Records and ‘Not Everything Adds Up.’ What’s Moving Prices

The 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 Crisis

In 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 […]

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Powell Signals Potential Rate Cuts Pending Inflation Control

Federal 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, […]

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