Gold has all the potential to go unprecedentedly high. But silver will be gold on
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If you're a homebuyer hoping for a break on home sale prices amid rising mortgage rates, it's likely not happening this year, or next.
Turkish Finance Minister Nureddin Nebati told economists he expects the inflation rate to peak at about 40% in the months ahead and not to surpass 50% this year, according to people who attended.
U.S. futures slipped and stocks extended declines amid concerns over the Federal Reserve’s imminent rate liftoff. Bonds rose as Russia-Ukraine tensions exacerbated the risk-off mood.
"We are seeing a slowdown in growth. Our view is it's going to slow more than what is modeled," Wilson added, pointing to fading fiscal stimulus and inflation as downside risks to growth.
Bitcoin Skids to Six-Month Low As Fears of Ukraine Conflict Shake MarketsJan 24, 2022 - 04:24:49 PST
Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off. The largest cryptocurrency was trading down 8.8% at $33,058, its lowest since July 23, taking losses from its all-time high of $69,000 hit in November past 50%
Bitcoin Drops Below $35,000 Saturday As Global Market Selloff Spreads to Cryptocurrencies: MWJan 24, 2022 - 04:24:49 PST
Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off. The largest cryptocurrency was trading down 8.8% at $33,058, its lowest since July 23, taking losses from its all-time high of $69,000 hit in November past 50%
$130 Billion Wiped Off Crypto Markets in 24 Hours As Bitcoin, Ether Drop to Multi-Month LowsJan 24, 2022 - 04:24:49 PST
The cryptocurrency market had around $130 billion wiped off its value over the last 24 hours as major digital coins continued their multi-day sell-off.
Investors bought a record amount of silver bullion coins as the Fed, and central banks continued to prop up the global economy and financial system with massive asset purchases in 2021. And, this looks to continue into 2022 as the U.S. Mint Silver Eagle sales have already reached...
METALS & ENERGY UPDATE JAN 23rd: European Energy Crisis Worsens While Bitcoin Crash ContinuesJanuary 23, 2022
While the European Energy Crisis worsens, investors continue to sell Bitcoin on Sunday as it is now trading in the $34K level, down $9,000 in just three days. If Bitcoin continues to fall to $30K or below, we could see more investors move back into precious metals...
For the past year, gold has been battling around the $1800 psychological mark. Silver has faced a similar up and down battle near $25, albeit with more volatility.Gold finished 2021 strong at $1830 but then a pullback happened followed by a quick rebound back above $1800 and now $1830. Will $1800 hold this time and provide support? Can silver break through $25 and unleash the bulls? Obviously, no one knows for sure, but taking a look at some indicators can provide some insight.
With inflation now at a 40 year high, all eyes are on the Federal Reserve. Will they be able to tame today's hot inflation with higher interest rates? And whether or not they can, what havoc may those higher interest rates wreak on America's over-leveraged economy and over-inflated financial asset prices?
Jan 21, 2022 - 13:35:47 PST
An amateur metal detectorist unearthed a rare medieval gold coin on farmland in Devon, England, reports Sana Noor Haq for CNN Style. Coin experts speculate the 800-year-old Henry III gold penny could sell for around $546,000 at an online auction set for January 23.
Gold was set to rise for a second consecutive week on Friday as inflation and geopolitical risks underpinned its safe-haven appeal...
An Oklahoma state representative today introduced legislation that would enable the state treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver.
Inflation at the worldwide level would also more than double, to 7.2% rather than the projected 3%, in the bank’s scenario. That could potentially force central banks to constrain monetary policy even faster than they now intend, the analysts said.
Surely the Fed gods will affirm the cult's most revered articles of faith. But false gods eventually fail, even the Fed.
Jan 21, 2022 - 12:26:17 PST
In the past month, Democrats failed to pass a $1.75 trillion bill strengthening the social safety net and a second bill expanding access to the ballot box across the country — unable to overcome the steadfast opposition of Democratic Sen. Joe Manchin of West Virginia in the 50-50 Senate.
On Wednesday Jan. 19, 2022, President Joe Biden spoke at a press conference about a wide range of issues -- including legislation he would like to see passed by Congress in 2022.
Wage increases are undoubtedly good for workers. However, as we will explore, wage increases are a double-edged sword that often has more negative economic consequences.
Consumers’ unease with their financial condition was recently expressed in a substantial decline in retail sales for December of 1.9%. Buyers before the Omicron variant started buying from pent-up demand for goods in particular. That pent-up demand buying seems to be waning.