April 21, 2024Inflation comes in hotter than expected in MarchThe Consumer Price Index (CPI) rose 0.4% over the previous month and 3.5% over the prior year in March, an acceleration from The data matched February’s month-over-month increase. Both measures came in ahead of economist forecasts of a 0.3% monthly increase and a 3.4% annual increase, according to data from Bloomberg. The hot print complicates the […] READ MORE April 21, 2024What Could Derail Gold’s Bull Run? Watch JapanWelcome toMoney Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Is this what lit the fire under gold? I realise I’ve written about gold quite a bit recently (don’t worry, I’m sure another house price piece is coming any day now!), but […] READ MORE April 21, 2024Gold slips from record levels after hot U.S. inflation dataGold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed after a stronger-than-expected inflation print softened expectations of an early U.S. rate cut. Spot gold fell 0.6% to $2,338.05 per ounce. U.S. gold futures lost 0.2% to $2,356.30. The U.S. dollar index rose 0.5% and U.S. Treasury yields spiked […] READ MORE April 21, 2024Why Gold Prices Continue to Break RecordsHSBC Chief Commodities Analyst James Steel discusses the gold market’s latest surge, particularly in China and India, as geopolitical risks swirl around other areas of the broader market. James speaks with Tom Keene and Paul Sweeney on Bloomberg Radio. Get more on the Bloomberg Surveillance Podcast: Apple: http://bit.ly/3OPtReI Spotify: http://bit.ly/42xmHPz Anywhere: http://bit.ly/3oOD8ZH (Source: Bloomberg) READ MORE April 21, 2024Bank Of America Sees Gold At $3,000, Warns Of A Copper Supply Crisis: Metals ‘Dance To Their Own Tune’Gold prices are projected to jump to $3,000 per ounce by 2025, according to Bank of America, buoyed by strong demand from central banks and the anticipation of investors returning to the market once the Federal Reserve begins to slash interest rates. Michael Widmer, the bank’s commodity strategist, highlighted gold’s resilience as central banks tighten […] READ MORE April 21, 2024MARKETS Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this centuryKEY POINTS Copper prices with May delivery traded at $4.323 per pound in New York as of Wednesday morning, extending gains after settling at its highest level since June 2022 in the previous session. Three-month copper prices on the London Metal Exchange traded 0.6% higher at $9,477 per metric ton. Demand for copper is widely […] READ MORE April 21, 2024Mined commodities may push higher on structural trends: ExpertGold is trading to the downside Wednesday morning after the precious metal hit nine consecutive intraday record highs. As the March CPI print shows that prices remain elevated above Wall Street expectations, Bank of America Securities Head of Commodities and Derivatives Research Francisco Blanch joins The Morning Brief to discuss gold’s retreat from record highs. […] READ MORE April 21, 2024Powell’s Soft-Landing Dream In Danger as Traders Hedge Inflation(Bloomberg) — Signs that inflation has yet to release its grip on markets have simmered for weeks. Now they’re boiling over after Wednesday’s hotter-than-forecast consumer price index sent stocks and bonds reeling. Most Read from Bloomberg US Sees Imminent Missile Strike on Israel by Iran, Proxies US Slams Strikes on Russia Oil Refineries as Risk […] READ MORE April 19, 2024Gold’s STEALTH Institutional Rally…What Happens When the Public Arrives?Join us in this thoughtful discussion with investment expert Rick Rule, who sheds light on the understated yet steady increase in gold prices driven by central bank purchases. What might unfold as individual investors begin to engage more with gold? Key Takeaways: The significant role central banks play in the current stability of gold [...] READ MORE « Previous 1 … 7 8 9 10 11 … 51 Next »
