China's Gold Demand Rises: Central Bank Buys as Lunar New Year ApproachesChina’s gold market kicked off 2024 marking its strongest January on record for wholesale gold demand at 271 tons. The People’s Bank of China (PBoC) continued its gold acquisition streak for the 15th consecutive month, adding 10 tons to its reserves, now totaling 2,245 tons. The upcoming Spring Festival is expected to further bolster gold […] READ MORE Credit Markets Show Unwavering Strength Amid Rising US Inflation ConcernsDespite unexpectedly high U.S. inflation rates challenging the outlook for imminent Federal Reserve rate cuts, the credit markets remain robust, buoyed by a substantial influx of investment. This surge of capital into the credit market has effectively cushioned investors against potential downturns, including the diminishing likelihood of central bank rate reductions this year. On Tuesday, […] READ MORE Signs of an Impending 2024 Recession, Says Citi's Top EconomistDespite the seemingly robust indicators of historically low unemployment, strong consumer spending, and solid GDP growth, the US is on a path towards a recession by mid-2024, according to Citi’s chief US economist. While recent data, including a blowout January jobs report adding 353,000 jobs, paints an optimistic picture, deeper analysis reveals concerning signs. The […] READ MORE ZeroHedge: Arizona Joins BRICS, Druckenmiller Buys BarrickThe Arizona Senate committee has given the green light to Senate Bill 1633 (SB1633), which aims to create the Arizona Bullion Depository, a secure facility for storing precious metals. More than just a storage solution, the bill also paves the way for the issuance of state-minted gold and silver coins, alongside a specie-backed transactional currency. […] READ MORE Proposed Ban on Open-Pit Mining Could Crush Mexico's EconomyMexican President Andres Manuel Lopez Obrador’s recent proposal to ban open-pit mining is causing concern within the mining sector, which is a significant contributor to the country’s economy, accounting for 2.5% of its GDP. Industry representatives argue that the proposed ban, aimed at preventing new open-pit mining concessions, could lead to uncertainty and deter investment […] READ MORE Oil Prices Set for Stability in 2024, Say Industry ExpertsOil markets are expected to stabilize in 2024, steering clear of the dramatic fluctuations experienced in previous years. This outlook is shared by two leading industry figures, International Energy Agency Executive Director Fatih Birol and Mercuria Energy Group CEO Marco Dunand. They predict a year of “moderate” oil prices, supported by a slowdown in global […] READ MORE Fed's Favored Inflation Measure May Show Softer Rise Than CPI SuggestsThe Consumer Price Index (CPI) data for January revealed an unexpected surge, with core prices, excluding food and energy, climbing by 0.4% and surpassing many predictions. This uptick was largely driven by a 0.7% increase in core services, marking the most significant rise since September 2022. However, this spike in the CPI might not fully […] READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation ChallengesWholesale inflation in the U.S. experienced an uptick in January, indicating persistent inflationary pressures within the economy. According to the Labor Department, the producer price index, which measures inflation at the wholesale level before it impacts consumers, increased by 0.3% from December to January, reversing a slight decline from the previous month. Year-over-year, this index […] READ MORE Zimbabwe Announces Plans to Introduce Gold Backed CurrencyIn a bold move to revive their economy, Zimbabwe has announced plans to launch a gold-backed currency. Will they succeed? READ MORE « Previous 1 … 34 35 36 37 38 … 62 Next »
