A Close Above $2,078/oz Sets a Record High Closing Price for GoldGold prices on Friday are challenging record price setting levels with the prior closing price high of $2,078.20 an ounce. READ MORE Crude Market Heats Up: WTI Climbs 3.3% as Supply-Demand Gap NarrowsOil prices climbed past $80 a barrel, continuing their upward momentum as breaking this significant threshold spurred further purchasing. West Texas Intermediate (WTI) experienced a notable increase, rising up to 3.3% and hitting its highest intraday prices since November. This uptick is reflected in crude’s time spreads—a measure of market conditions—showing a sharp rise this […] READ MORE Latest Inflation Data Shows Fed Has More Work to DoLoretta Mester, President of the Federal Reserve Bank of Cleveland, acknowledged in a Yahoo Finance interview that recent inflation data indicates the Federal Reserve still has significant efforts ahead to mitigate price pressures. Despite this, Mester remains optimistic about the Fed’s ability to achieve its 2% inflation target over time and anticipates the Federal Reserve […] READ MORE Facing Facts: ‘Cautiously Bullish’ on Gold in 20242023 was a remarkable year for gold, with its price peaking at a record high of $2,078 per ounce and closing the year with a notable 14% year-over-year gain. Despite these achievements, investors approach 2024 with caution. Their wariness was primarily due to anticipation of the US Federal Reserve’s monetary policy direction. Following the Fed’s […] READ MORE Gold Rally Hits Crucial Juncture: $2,075 Level in Sight for a Major BreakoutThe gold market has experienced a slight rally, showing signs of strength, especially in the early hours of Friday. The focal point for traders is the resistance zone between $2,060 and $2,075, which has historically been a critical barrier. A breakthrough above the $2,075 mark could potentially trigger a Fear of Missing Out (FOMO) trade, […] READ MORE Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with CautionRichmond Federal Reserve President Thomas Barkin expressed in a CNBC interview that it’s premature to forecast when the Federal Reserve might start reducing its benchmark interest rate, citing ongoing wage and inflation pressures within the U.S. economy. Despite a recent high inflation report, Barkin remains optimistic about inflation eventually subsiding, which would justify normalizing interest […] READ MORE NYCB in Crisis: CEO Steps Down as Losses Mount to $2.7 BillionNew York Community Bancorp (NYCB) is facing renewed turmoil as it announced the departure of its CEO Thomas Cangemi, revealed significant weaknesses in its internal controls, and reported a massive increase in its fourth-quarter loss, which skyrocketed to $2.7 billion. These developments have severely impacted NYCB’s stock, which plummeted 28% at the opening of the […] READ MORE Persistent Inflation Challenges Eurozone, Core Prices Higher Than AnticipatedInflation in the Eurozone slightly cooled to 2.6% in February, yet it remained above economists’ expectations, signaling a persistent inflationary pressure within the economy. Despite anticipations of a decline, core inflation, which excludes volatile items such as energy, food, alcohol, and tobacco, also exceeded forecasts at 3.1%. Notably, food, alcohol, and tobacco prices led with […] READ MORE This Tax Tip Could Save You ThousandsDid you know the IRS taxes gold at a higher rate than securities? But there’s a little-known, perfectly legal, way around that… READ MORE « Previous 1 … 26 27 28 29 30 … 64 Next »
