Gold has all the potential to go unprecedentedly high. But silver will be gold on
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According to a study by Pew Research Center, in the third quarter of 2021, the country had the eighth-highest annual inflation rate among 46 countries that were examined. The U.S. also had the third-highest increase in inflation, 3.58 percentage points, between the third quarter of 2019 and the same period this year.
So, did you hit the Black Friday sales Friday morning?That's an emphatic "No!" for me. You'd have to just about give away stuff for free to lure me out on Black Friday. No thanks. Too peoplely!
It's hard to imagine President Joe Biden nominating a more dangerous candidate to run the Office of the Comptroller of the Currency than Cornell University Law School professor Saule Omarova.
The president is racing to show the public that he is taking action to address rising prices and bottlenecks amid mounting anxiety among some of his advisers about political fallout heading into next year’s midterm elections.
Volatility traders are rushing to bet on turmoil in the U.S. stock market as fears over a new strain of the coronavirus look set to finally end weeks of tranquil trading.
High-Yield Bond Sales Soar to Record as Investors Have Few Other Places to Go: WSJNov 26, 2021 - 07:13:47 PST
U.S. companies have sold more than $455 billion of bonds with junk credit ratings this year, already beating 2020’s full-year record.
Riot police lined the streets in parts of Istanbul as the country braced for a third night of scattered protests over President Erdogan’s inability to stop a precipitous currency decline.
Public patience with president’s policy wears thin as prices soar and ruling party MP suggests people should eat less...
Earlier this week, President Joe Biden announced Jerome Powell will serve a second term as chair of the Federal Reserve. In effect, Biden stuck with the status quo. But the markets reacted as if big changes are afoot. Gold sold off hard, falling back below $1,800 an ounce. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about Powell's appointment and the market's reaction to it.
Gold gained on Friday as concerns about a hit to the global economic recovery, due to the spread of a new coronavirus variant identified in South Africa, drove investors to the safety of bullion. Spot gold jumped 0.9% to $1,805.26 per ounce. U.S. gold futures advanced 1.2% to $1,805.20.
Dow Futures Drop More than 800 Points on Fears of New COVID Variant Found in South AfricaNov 26, 2021 - 05:39:07 PST
U.S. stock futures dropped in early morning trading on Friday amid renewed Covid fears over a new variant found in South Africa.
Nov 26, 2021 - 05:36:57 PST
There’s already too much money chasing too few assets and yet even the most sober investors seem ready to add to the problem.
The world’s largest cryptocurrency fell as much as 8.9% to $53,624 on Friday during London trading hours. Ether, the second-largest digital currency, dropped more than 12%, while the wider Bloomberg Galaxy Crypto Index declined as much as 7.5%.
Fed Risks Running Behind the Curve on Interest Rates, Says Former New Zealand Central Bank GovernorNov 26, 2021 - 05:28:12 PST
Meeting minutes for the November session showed Fed members are prepared to raise interest rates sooner if prices keep rising.
Money markets are offloading bets on central bank interest-rate hikes in a hurry, as inflation fears give way to concerns that a new coronavirus strain may spread globally and slow economic growth.
The goal for policy makers will be to plot a path for post-crisis stimulus to ensure there’s sufficient support through the latest wave of infections, without risking too much inflation.
Brazil’s consumer prices rose past expectations in mid-November, adding to signs that inflationary pressures are now widespread despite the central bank’s aggressive interest rate hikes.
Argentina’s central bank published two new measures Thursday intended to curb access to hard currency amid expectations for a devaluation.
China’s economy continued to slow in November with car and homes sales dropping again as the housing market crisis dragged on.
China’s State Council called on local governments to sell more special bonds this year in order to boost investment amid a slowdown in the economy.