Precious metals news

The United States and Japan on Friday voiced strong concern about China's growing might in unambiguous terms and pledged to work together against attempts to destabilise the region.

GM and Ford sport 6 year declines of -28% and -27%. Toyota blows all away, but still -7% from 2015. Hyundai-Kia sets new record. Captured in charts.

The Federal Reserve released the minutes from the December FOMC meeting this week. They were even more hawkish than expected. That sparked a big taper tantrum in the markets. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the minutes and then asks seven poignant questions they raise that aren't being asked by the mainstream.

“The best place to be right now, particularly given the Fed pivot, are commodities,” Goldman Sachs’s global head of commodities told Bloomberg.

DoubleLine Capital Founder and CEO Jeffrey Gundlach sits down with Yahoo Finance Live's Brian Sozzi to discuss 2022 market concerns, the Fed, inflation, interest rates, the yield curve, and the Consumer Price Index for urban consumers.

With everyone bulled up on the December jobs print which was expected to more than double the disappointing November print of 210K to 447K with a whisper of more than 500K, moments ago the BLS reported that in December the US job market deteriorated again, as only 199K jobs were added, a huge miss to expectations, and the lowest number since December 2020.

David Rosenberg, chief economist and strategist at Rosenberg Research and the former chief North American economist at Merrill Lynch, isn’t buying the tough talk from the Fed. “One should be skeptical of the Fed’s forecasts, given the poor track record, even though investors treat them (and the dot plots and FOMC minutes) as gospel,” he says.

Higher gas and electricity prices are already making life difficult for many households - and they face the daunting prospect of a further hike in the spring.

Bond buyers face a “new conundrum” where Treasury yields will stay low even as the Federal Reserve hikes rates, despite the surge in the first week of the year, according to Goldman Sachs. The investment bank expects the bond market to be reluctant to lift the terminal rate during the coming tightening cycle. So while raising its year-end forecast for the two-year yield, its calls for...

Like many on Wall Street, Priya Misra was hoping for a quiet start to the year.Instead, the interest-rate chief at TD Securities was left reeling as a major Treasury selloff rocked global markets, thanks to hawkish signals from the Federal Reserve. Five-year yields jumped 21 basis points in four days for the steepest new-year increase in almost two decades -- spurring a disruptive rout...

Peru raised interest rates for a sixth straight month as inflationary pressure mounts amid the economy’s strong rebound from the pandemic. The central bank increased its policy rate by half a percentage point to 3% in line with the forecasts of five of seven analysts surveyed by Bloomberg.

November 2021 saw a total trade deficit of -$80.2B just shy of the record -$81.4B in September. However, the data this month is far more concerning when looking into the details.
After a massive surge in the trade deficit occurred in September, October saw a big pullback to -$67.1B. The details showed that the volatility was driven by a data anomaly where Exported Goods from September were pulled into October. This created a series of Exported Goods value of $149.8B in August followed by $142.7B and $158.8B in September and October. Essentially, $8B moved from September to October, driving the trade deficit to all-time records.

Argentina raised its benchmark interest rate for the first time in over a year as it faces calls from the International Monetary Fund to tighten its monetary policy. The central bank lifted the key Leliq rate to 40% from 38%, the level it had stood for over a year even with annual inflation running at around 50%. The bank’s unorthodox approach until now had contrasted with a wave...

Shimao Group shares briefly plunged more than 17% Friday after Reuters reported the property developer failed to make full repayment on a trust loan.

Through big investments in its petrochemical sector, China continues to expand its foothold in the strategically important Middle East state of Oman

The poll of almost 5,500 firms is the latest evidence that a wave of price gains is eating into confidence across the economy. Prices are rising at their fastest pace in a decade, adding to a squeeze on consumers and industry coming from higher taxes and energy costs.

Inflation in the euro region accelerated beyond already record levels, defying expectations for a slowdown and complicating the task for European Central Bank officials who insist the current spike is temporary. The euro strengthened.Consumer prices jumped 5% from a year earlier in December -- faster than the previous month’s 4.9% gain and more than the 4.8% median...

The market is not prepared when Institutions and Large Investors try to gain access to silver to protect wealth as the energy crisis gets even worse.  Since the 2008 Financial Crisis, most of the silver investment has moved into strong private investors and away from Public Big Money. While many...

2022 is officially here & investors are wondering what this new year has in store for us. How about a 30% market correction and a global recession?

Thoughts On The Moral Basis Of Sound Money And Our Future.