Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Russia To Spend Extra $420 Mln in 2022 To Help Households Weather InflationOct 18, 2021 - 08:03:32 PDT
Higher than expected inflation this year will lead to an increase of around $420 million in social support payments to Russian households in 2022, news agencies quoted Finance Minister Anton Siluanov as saying on Monday.
Oct 18, 2021 - 07:57:55 PDT
Has The Federal Reserve lost control of the economy? And inflation? The answer is likely yes. Why?
THE WOLF STREET REPORT: China’s Model of Dictated Economic Growth Blew UpOct 18, 2021 - 07:56:09 PDT
What’s left of the debt-fueled property speculation that drove growth is a huge explosive mess and an enormous amount of debt.
Supply chain bottlenecks are the worst ever. How much longer will they last?
Investors are slowly waking up to the realization that “stagflation” is a problem. For years, the term “stagflation” has been thrown around and dismissed like a sighting of “Bigfoot.” However, rising inflationary pressures are now colliding with slowing economic growth. This collision presents a challenge for Central Bankers and their monetary policy experiments.
Gold futures pull back Monday morning, after the precious metal put in the best weekly gain in six weeks. The retreat could be attributed to a perkier U.S. dollar and a rise in yields for government debt, which were more subdued last week.
$2.7 Trillion in Crisis Savings Stay Hoarded by Wary Consumers: BloombergOct 18, 2021 - 05:34:46 PDT
Consumers in Europe and the U.S. aren’t rushing to spend more than $2.7 trillion in savings socked away during the pandemic, dashing hopes for a consumption-fueled boost to economic growth on both sides of the Atlantic.
U.S. Senator Manchin Slams Bernie Sanders in Battle Over Biden Spending PlanOct 18, 2021 - 05:29:48 PDT
U.S. Democratic Senator Joe Manchin from West Virginia slammed fellow lawmaker Bernie Sanders late Friday over his attempts to garner support for President Joe Biden's multi-trillion-dollar spending package in the latest example of infighting among key lawmakers over the plan.
‘Ghost Towns’: Evergrande Crisis Shines a Light on China’s Millions of Empty HomesOct 18, 2021 - 05:28:01 PDT
Evergrande's unraveling is still commanding global attention, but its troubles are part of a much bigger problem.
Inflation Surges Worldwide as Covid-19 Lockdowns End and Supply Chains Can’t Cope: WSJOct 18, 2021 - 05:26:25 PDT
More than a dozen central banks have raised interest rates but two that haven’t are those that loom largest over the global economy: the Federal Reserve and the European Central Bank.
Behind the Energy Crisis: Fossil Fuel Investment Drops, and Renewables Aren’t Ready: WSJOct 18, 2021 - 05:23:21 PDT
The transition to cleaner energy sources isn’t far enough along to meet a surge in demand, forcing countries to rely on fossil fuels.
New Zealand inflation surged at the fastest pace in 10 years in the third quarter, reinforcing bets that the central bank will keep raising interest rates.
Despite recent slowing, U.S. economy is posting solid growth. And the nation has had trouble sustaining even 4% annual inflation over the past 40 years.
Mortgage rates returned to 3%, with inflation and market sentiment towards monetary policy pushing rates higher in the week.
Rising consumer price inflation is not going away. This, of course, is counter to the “transitory” argument made by Federal Reserve Chairman Jerome Powell earlier this year.
The price of pretty much everything is rising precipitously. The CPI for September came in above expectations with a month-on-month increase of 0.4%. Peter Schiff appeared on Unfiltered with Dan Bongino to talk about inflation in Joe Biden's America. Peter said you should stock up now because things could get ugly really quickly.Bongino pointed out that while wages are rising, they aren't rising as fast as prices. Wages have risen 4.6% while inflation has surged by 5.4% — according to government numbers. Peter said that is typically the trend.
Euro zone bond yields rose on Monday as a global repricing of interest rate expectations pushed borrowing costs in the common currency bloc back towards recent multi-month highs. Recent comments from European Central Bank officials including ECB chief Christine Lagarde have soothed concern in debt markets that the central bank is likely to tighten...
Bank of England Governor Andrew Bailey moved to strengthen the case for raising interest rates, saying the central bank will “have to act” to curb inflationary forces and warning higher energy costs mean price pressures will linger.
Crypto CEO: A Viable Central Bank Digital Currency Would Have To Be ‘The Law’Oct 18, 2021 - 05:02:13 PDT
“So if you’re thinking about a digital form of currency then the law must accommodate its existence,” Jonathan Dharmapalan told Yahoo Finance.
Bitcoin hovered near six-month highs on Monday in anticipation of the listing of the first futures-based bitcoin exchange-traded funds (ETF) in the United States, which investors hope will boost cryptocurrency trading volumes.