Precious metals news

Lumber prices have shot up in a rise reminiscent of a year ago, when high wood prices warned of supply problems and broad inflation to come.

Instead of loosening monetary policy to prop up their economies as they did at the start of the Covid-19 pandemic, central banks are moving to unwind stimulus and raise interest rates.

The U.S. economy will spend 2022 learning to live with the coronavirus without much in the way of help from the Federal Reserve or the federal government -- especially with the derailing of President Joe Biden’s $1.75 trillion spending plan.Most Read from BloombergStocks, Futures Sink on Minchin Shock, Virus: Markets WrapSouth Africa Hospitalization Rate Plunges...

Last week, the Fed sped up its timetable for tapering its asset purchases and raising interest rates. While this represents a slightly tighter monetary policy, it's far from truly tight. And yet, the central bankers at the Fed and a lot of people in the mainstream seem to think these small steps will tame the inflation dragon. In fact, this slight tightening is a little like taking a pea shooter to a bazooka fight.
Despite finally acknowledging inflation will likely runner hotter and last longer than expected, there is still widespread belief that it is transitory in the long run. After all, we had a couple of decades of tame inflation, and that's now viewed as the norm. In this podcast, Peter Schiff explains why the only thing that's transitory is the era of low inflation.

The Fed had said for months that inflation was a short-term trend triggered by the COVID-19 pandemic. And while Fed Chairman Jerome Powell recently ditched the "transitory" tag to describe inflation, Mohamed El-Erian, chief economic adviser at asset management firm Allianz SE, says th

LISBON (Reuters) -European Central Bank Governing Council member Mario Centeno said on Monday there was "uncertainty" about inflation that required constant monitoring, but that fresh anti-COVID-19 lockdowns in Europe should not lead to price increases. While lockdowns and other consequences of the surging infection numbers across Europe were worrying...

The annual event usually sees world leaders, billionaires and executives descend upon the Swiss Alpine town of Davos.

The last time the central bank cut the one-year and five-year LPR was in April 2020, according to data from Wind Information.

The apparent failure of President Joe Biden’s “Build Back Better” plan means that economic growth could be weaker than expected next year, according to Goldman Sachs.

Central banks, the developed world's most reliable group of bond buyers, could slash debt purchases next year by as much as $2 trillion across the four big advanced economies, implying a potentially hefty rise in many governments' borrowing costs. For years, but particularly since the COVID-19 pandemic erupted in March 2020, central banks have effectively backstopped...

Bank of Japan Governor Haruhiko Kuroda said on Monday it was too early to consider normalising monetary policy, bolstering the view that the Japanese central bank would lag behind other central banks in dialing back monetary stimulus. Kurd made the remark as the Bank of England last week became the first G7 central bank to embark on rate increases....

The price of the euro in terms of the US dollar closed at 1.135 in November, against 1.156 in October and 1.193 in November last year. The yearly growth rate of the price of the euro in US dollar terms fell to –4.8 percent in November from –0.7 percent in October. Some commentators are of the view that the US dollar is likely to weaken against the euro (i.e., the price of the euro in...

Democrats need Manchin's vote in the 50-50 Senate, plus a tie-breaker from Vice President Kamala Harris.

Stock futures were lower in early morning trading Monday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve’s easy monetary policy.

Many precious metals investors are looking for other alternative investments besides gold and silver.  With the coming ENERGY CLIFF, there aren't many high-quality stores of value.  However, "Investment Grade" Diamonds may provide a good alternative.

With the world's Energy Crisis spreading to more countries, it's truly amazing to find out that most Middle East countries are dependent on natural gas imports.  I was utterly stunned by this information when I did the research.  While the amount of natural gas imports...

All SRSrocco Report Members need to watch this Market Update.  The Energy Crisis is now spreading to other countries as massive energy price increases are thundering throughout the economies.  Unfortunately, this is just the beginning of Winter, and I fear the worst is yet to come. Furthermore, the continued notion...

Gold looked very strong through mid-November. Recent trends in September and October had been pointing to a breakout. The market delivered sending gold up through $1870. Unfortunately, hard resistance kept the bulls in check, despite repeated attempts to breakthrough. The previous price analysis presumed that a Brainard nomination at the Fed would be the catalyst needed to break through $1880. It also assumed that a Powell nomination, though expected, would bring gold back down some.

In Part 1 of this interview, Steen Jakobsen explained why Fed Chair Jerome Powell announced this week that - to fight the inflation it has played a central role in creating - the Federal Reserve will accelerate its tapering program and likely hike interest rates three times in 2022. Because the Fed will suddenly now pursue a more hawkish course than the markets have been accustomed to for the past decade, Steen predicts 2022 will be a much more volatile year for stocks, bonds & other financial assets than investors are used to.

The gold price has faced stiff resistance at $1,800 an ounce for some time, but it finally broke through that level on Friday. It came close several times on Thursday following the Federal Open Market Committee meeting on Wednesday, but today's move above the psychological $1,800 an ounce level is an important move for gold.