Venezuela's Gold Reserves Plunge Over 11% Amid Economic ChallengesIn 2023, Venezuela’s central bank reported an 11.5% decline in its gold reserves, totaling 61 metric tons, a decrease reflected in the reserves’ value, which dropped to $3.8 billion, $71 million less than the previous year. The central bank, without specifying causes for this decline in its announcement, noted the average gold price on its […] READ MORE Record High Credit Card Debt Strains American Finances Amid InflationA growing segment of Americans, particularly those in lower- and middle-income brackets, have depleted their savings and accrued substantial credit card debt due to persistent inflation over the last two years. This financial strain is exacerbated for those also juggling student loan repayments, raising concerns about worsening financial health. Credit card debt in the U.S. […] READ MORE Gold's Chart Tells a Bullish Tale, Yet Investor Confidence Remains ShakyGold’s price charts are exhibiting bullish trends, with prices not only maintaining above the long-term moving average but also marking the highest weekly closing prices in recent history. This pattern, featuring a series of reversals over the last 3.5 years all above the long-term moving average—which itself is on an upward trend—indicates strong bullish momentum. […] READ MORE Gold Set for a Great 2024, with Silver to Shine Even Brighter: UBS InsightsUBS predicts a bullish future for gold and silver in 2024, projecting gold to reach $2,200 per ounce by year-end, driven by anticipated U.S. Federal Reserve interest rate cuts. Joni Teves, UBS’s precious metals strategist, highlights a potential easing by the Fed and a consequent weaker dollar as key catalysts for gold’s rise. This expectation […] READ MORE Powell Warns ‘The US Is on an Unsustainable Fiscal Path’In a revealing “60 Minutes” interview, Federal Reserve Chair Jerome Powell highlighted the precarious fiscal trajectory of the United States, stating that the nation’s debt is expanding at a rate outpacing its economy, and it is unsustainable. The U.S. national debt reached a historic high of over $34 trillion in early January, escalating rapidly from […] READ MORE China's Economic Woes Lead to Record Gold Buying SpreeAs China grapples with economic slowdown, its significant pivot towards gold has notably influenced global demand, setting new records. The easing of pandemic restrictions has not alleviated the economic stress from a sluggish manufacturing sector, high debt levels, and a property market crisis. This shift has positioned the People’s Bank of China as the largest […] READ MORE Egypt's Bold Move: $1 Billion in Treasury Bills LaunchedThe Central Bank of Egypt has announced the launch of $1 billion in one-year treasury bills, aimed at attracting investors amid a landscape of rising global interest rates. This follows a successful auction in January, underscoring Egypt’s proactive approach to managing its fiscal responsibilities and attracting global investment. READ MORE Central Banks Warned to Stand Firm Against InflationThe OECD has issued a stark warning to central banks globally, urging them not to lower their guard against inflation despite some easing trends. It highlighted that it’s premature to conclude whether the aggressive rate hikes have effectively curbed inflationary pressures, with core inflation remaining stubbornly high in many countries. The OECD’s cautious stance comes […] READ MORE Green Bonds Gleam with Promise as Interest Rates Set to TumbleGlobal green bond sales are set to surge in 2024, buoyed by the anticipated fall in interest rates in the US and Europe. This favorable shift in the debt market is expected to enhance the appeal of green bonds, following a significant increase in sales in 2023. Europe led this growth, accounting for nearly half […] READ MORE « Previous 1 … 45 46 47 48 49 … 64 Next »
