There’s a lot of hype about Costco’s gold bar sales lately...what is it all about? Why are Costco selling gold and silver bars in the first place? Are buyers getting a good price? Join best selling author Mike Maloney and Alan Hibbard as they dive into the details on this interesting move by the retail [...] READ MORE
Gold Prices Can Keep Rallying, This Investing Pro Says. Here Are Her Picks.
John Maynard Keynes called the gold standard a barbarous relic, but the yellow metal recently has outshone far more modern assets. The price of gold is up 15% this year to a recent $2,409, and has gained 22% since the Federal Reserve began raising interest rates in March 2022, a move that typically batters [...] READ MORE
European Central Bank should cut in June to avoid falling behind inflation curve, policymaker says
“Barring a major surprise we should cut rates because we are now confident enough and increasingly confident about the disinflationary path in the euro area,” Bank of France Governor Villeroy told CNBC’s Karen Tso on Thursday. His comments come shortly after the central bank recently gave its clearest indication yet that it could cut interest [...] READ MORE
Silver to see second-highest deficit in 20 years, as record industrial demand rises 9% in 2024 – Silver Institute’s World Silver Survey
(Kitco News) - Silver prices remain well supported at elevated levels as robust demand continues to outweigh supply, creating a further drawdown in above-ground stocks, according to the latest research from the Silver Insitute. On Wednesday, the Silver Institute released its annual World Silver Survey, which was conducted by UK-based research firm Metals Focus. [...] READ MORE
The economy might be booming, but housing is in a recession: Top real estate CEO says he’s never seen anything like it in 20 years
Glenn Kelman, chief executive officer of Redfin, in 2015. Glenn Kelman is the chief executive of Redfin, a self-described technology-powered real estate company, a modern way to buy and sell homes. He’s been at the helm for almost two decades and doesn’t seem to have lost his zeal, not during the Great Financial Crisis, not [...] READ MORE
Fed’s Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell participates in a Washington Forum on the Canadian Economy, together with Tiff Macklem, Governor of the Bank of Canada, Wednesday, April 16, 2025, in Washington. (AP Photo/Manuel Balce Ceneta) WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate [...] READ MORE
U.S. oil falls below $83 as war fears ease after Israel refrains from immediate Iran counterattack
an oil tanker pass through the Suez Canal, KEY POINTS Oil has sold off this week as traders unwind the geopolitical risk premium built into prices over the last two weeks on Israel-Iran tensions. Israel has refrained from immediately striking back against Iran in response to the unprecedented weekend air assault, reducing fears of a [...] READ MORE
Dollar’s dominant reserve currency status to endure, says Morgan Stanley
U.S. Dollar banknote is seen in this illustration taken July 17, 2022. LONDON, April 18 (Reuters) - The U.S. dollar's dominant reserve currency status is likely to endure partly because even the most talked about alternative the Chinese yuan falls short as a credible challenger, Morgan Stanley said in a report on Thursday. Rivalry [...] READ MORE
US labor market stays resilient; housing regresses on higher mortgage rates
A "Help Wanted" sign sits in the window of a shop in Harvard Square in Cambridge, Massachusetts, U.S., February 11, 2019. Summary Weekly jobless claims unchanged at 212,000 Continuing claims rise 2,000 to 1.812 million Existing home sales drop 4.3% in March WASHINGTON, April 18 (Reuters) - The number of Americans filing new claims for [...] READ MORE
