Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Gold prices have stabilized around $2,600 after finding support at a major trendline, halting a short-term downtrend. The recent US CPI data, which aligned with expectations, had minimal impact on gold prices. The precious metal's November sell-off was influenced by expectations of elevated US interest rates and significant outflows from Gold ETFs.
Shocking Truth: "The Monetary System Controls Us, Not Politics!" Mike MaloneyNov 12, 2024 - 13:07:26 EST
In this eye-opening discussion, Mike Maloney and Alan Hibbard dive deep into how the monetary system—not which party is in power—shapes our economic
Nov 12, 2024 - 11:38:44 EST
The Federal Reserve may implement fewer interest rate cuts in 2025 than previously anticipated due to President-elect Donald Trump's proposed tariff policies. Former Fed policymaker Loretta Mester believes the market is correct in adjusting its expectations, as Trump's fiscal plans could impact the pace of rate cuts and potentially lead to higher inflation.
Nov 12, 2024 - 11:35:26 EST
In the wake of Donald Trump's election win, U.S. Treasury yields experienced a significant uptick, reflecting market concerns about future inflation and interest rate trajectories. The 10-year and 2-year Treasury yields both rose by over 8 basis points, reaching 4.39% and 4.334% respectively. Investors are now closely monitoring upcoming economic data and Federal Reserve statements to gauge the potential long-term effects of Trump's proposed policies on the economy.
Russia's gold reserves have hit a historic milestone, surpassing $200 billion for the first time. In October, the country's gold holdings reached $207.7 billion, representing 32.9% of its total international reserves. This marks the highest proportion of gold in Russia's reserves since November 1999.
Gold prices have fallen to a seven-week low as the US dollar strengthens following Donald Trump's election victory. The precious metal has declined about 5.5% since the election, driven by a combination of factors including hedge fund position adjustments, shifting ETF flows, and technical selling. Despite this recent drop, gold remains up over 25% for the year, supported by Federal Reserve policies and geopolitical uncertainties.
WILL BITCOIN & CRYPTO REPLACE GOLD & SILVER: The Story Behind Tether & Is It Driving The Bitcoin Price??November 12, 2024
With Bitcoin reaching an all-time high of $90,000 yesterday, will Bitcoin and crypto replace Gold and silver? This thought has crossed the minds of many precious metals investors. I will provide my analysis of how this funny little stablecoin, Tether, seems to be impacting Bitcoin's price...
The world's largest gold-backed ETF, SPDR Gold Shares (GLD), experienced its biggest weekly outflow in over two years following Donald Trump's election victory. Investors, who had previously sought safety in gold due to election uncertainty, sold their positions to book profits after the definitive outcome. The outflow exceeded $1 billion, while spot gold prices fell 1.9% and total gold ETF holdings declined for the second consecutive week.
The Bank of Japan (BOJ) is exercising caution regarding potential interest rate hikes, as revealed in the summary of opinions from its October policy meeting. Board members emphasized the need for careful consideration, citing market instability and the uncertain trajectory of the U.S. economy post-election. While economists anticipate a rate move by January, the BOJ's lack of clear signals for December or January leaves observers speculating about the timing of the next policy adjustment.
Nov 11, 2024 - 10:45:10 EST
Persistent consumer anger over high prices is affecting governments in advanced economies, even as inflation rates return to normal levels. This lingering discontent stems from a significant surge in costs during the pandemic and post-pandemic period, which has left a lasting impact on consumer sentiment and voting behavior. The article highlights how this economic dissatisfaction has contributed to electoral defeats for incumbent parties in various countries, including the United States, and is expected to influence upcoming elections in other nations.
With the gold price reaching a record high of $2,800, is it due to massive Chinese and Asian demand, as many in the industry are claiming? Also, there is a very important MUST-SEE Chart that shows a much higher gold price due to this ratio...
Fed cuts rates to 4.5%-4.75% as Powell prepares for potential clash with returning president over monetary policy.
Investors Bet Big on Trump: Record-Breaking $20 Billion Inflow to US EquitiesNov 8, 2024 - 09:36:42 EST
On the day of Donald Trump's decisive victory in the presidential election, US equity funds experienced a massive influx of $20 billion, marking the largest single-day investment in five months. This surge in investment, particularly in small-cap stocks, coincided with US stocks reaching record highs and the S&P 500 Index heading for its biggest weekly advance in a year. While Trump's proposed corporate tax cuts are expected to boost earnings, concerns remain about potential inflationary effects of his tariffs and immigration policies.
Donald Trump's victory in the 2024 U.S. presidential election has caused significant volatility in the bond market. Initially, Treasury yields surged on expectations of higher economic growth and inflation under a Trump administration. However, as the week progressed, yields retreated as investors reassessed the potential timing and impact of Trump's proposed policies. The bond market's reaction highlights the uncertainty surrounding the new administration's economic agenda and its potential effects on inflation and interest rates
The Federal Reserve has cut interest rates for the second consecutive time, lowering the federal funds rate to 4.5%-4.75%. While this move aims to support economic growth, uncertainty looms due to Donald Trump's re-election and his proposed economic policies. Fed Chair Jerome Powell emphasized the central bank's independence, stating he would not resign if asked by Trump, setting the stage for potential tensions between the Fed and the incoming administration.
Nov 8, 2024 - 09:13:25 EST
In his latest analysis, Mike Maharrey contends that the real winners of the 2024 election are gold and silver. He points out that despite changing administrations, trends of expanding government and rising debt persist. Maharrey emphasizes the strong performance of precious metals, with gold setting 39 all-time highs and both gold and silver outpacing major stock indices. He advocates for investing in these metals as a protective measure against economic instability and federal policy impacts.
Gold prices experienced a volatile week, ending with a decline as investors evaluated the Federal Reserve's interest rate decision and Donald Trump's election victory. The Fed's 25 basis point rate cut initially boosted gold, but uncertainty about future cuts and expectations of Trump's economic policies led to a strengthening dollar, putting pressure on the precious metal.
Trump, Gold & Bitcoin: How the "Allies in Freedom" Are Shaping a New Era | Mike MaloneyNov 7, 2024 - 14:55:03 EST
In this video, Mike Maloney and Allan Hibbard dive into the significance of cryptocurrencies and precious metals as “allies in freedom”
According to CME CEO, Terry Duffy, trading activity for gold has increased significantly following the recent election. This surge in trading volume suggests heightened investor interest and market volatility surrounding gold in response to the election outcome. The dramatic increase in gold trades likely reflects investors adjusting their portfolios and hedging strategies in light of potential policy changes and economic impacts stemming from the election results.
The Federal Reserve is expected to cut interest rates by a quarter percentage point on Thursday, following Donald Trump's election victory. This decision comes amid a changing economic landscape, as Trump's proposed policies on tariffs, taxes, and immigration could significantly impact growth and inflation. The Fed now faces the challenge of navigating these potential changes while maintaining its independence and managing inflation expectations.