Precious metals news

Oil prices experienced a slight recovery following the U.S. presidential election, as traders weighed the potential impact of Donald Trump's victory on oil supply and demand. The market is balancing concerns over possible supply disruptions due to Trump's policies, particularly regarding Iran and Venezuela, against the strengthening U.S. dollar and rising inventories. Additionally, Hurricane Rafael in the Gulf of Mexico is contributing to supply concerns, temporarily halting some oil production in the region.

The Bank of England has cut interest rates to 4.75%, with expectations of gradual further reductions. However, the recent UK budget and Donald Trump's election victory are likely to increase inflationary pressures, potentially slowing the pace of future rate cuts. This marks a shift from the post-2008 era of deflation concerns to a higher interest rate environment, distinct from both the pre-2008 and post-2008 periods.

Donald Trump's victory in the US presidential election presents significant challenges for central banks worldwide. The unexpected outcome has left monetary officials unprepared, as they couldn't position themselves for a Republican triumph beforehand. Central banks will need to adapt quickly to the new political landscape, potentially facing pressure from Trump's policies on tariffs, immigration, and taxes. These changes could complicate efforts to manage inflation and maintain economic stability, particularly if Trump continues his past practice of criticizing the Federal Reserve.

After the Presidential Election and the tremendous price volatility, I discuss why it is important to own silver in the years ahead.  While the short-term silver price is volatile, we are setting up for much higher fundamental prices in the future...

The 10-year Treasury yield rose sharply to 4.461% after Donald Trump defeated Kamala Harris in the presidential election. This significant increase is attributed to market expectations of economic growth and increased government spending, particularly if Republicans secure a majority in Congress.

The US stock market and cryptocurrency prices surged to record highs following Donald Trump's victory in the 2024 presidential election. Investors reacted positively to the prospect of Republican policies, including lower taxes and deregulation. The Dow Jones Industrial Average jumped over 1,200 points, while Bitcoin reached a new all-time high above $75,000. Trump's win also boosted his own media company's stock by nearly 38%. However, some sectors like renewable energy saw declines, and analysts warn that Trump's policies could potentially reignite inflation.

Gold and copper prices plummeted following Donald Trump's decisive victory in the U.S. presidential election. The surge in the U.S. dollar, driven by Trump's win, put pressure on commodities as it made metals more expensive for buyers using other currencies. While the immediate market reaction was negative for precious metals, analysts suggest that Trump's presidency could eventually be bullish for gold due to potential geopolitical tensions and economic policies.

Gold prices fell following Donald Trump's decisive election victory, primarily due to a strengthening US dollar making bullion more expensive for many buyers. While the immediate impact was negative for gold, analysts predict a potentially bullish long-term outlook under Trump's presidency, citing factors such as inflationary pressures and potential trade tensions with China.

In this eye-opening video, we delve into why the monetary system matters more than which party holds the presidency.

US stocks advanced as voting commenced in a pivotal presidential election, which is expected to significantly influence future economic policies. The S&P 500 rose over 1%, buoyed by positive momentum in the broader market, with technology stocks like Nvidia and Tesla contributing to gains in the Nasdaq 100. Treasury yields increased following strong data indicating that the US services sector expanded at its fastest pace in over two years, with 10-year yields climbing to 4.34%. The dollar weakened during afternoon trading as investors adopted a cautious stance ahead of the election results. Historically, the S&P 500 has performed well on election days, rising on nine of the last eleven occasions, with a median return of 0.8%.

Zimbabwe's gold-backed currency, the ZiG, has shown a rare positive performance against the US dollar, strengthening by 4% to 26.90 per dollar according to central bank data. This marks the second consecutive day of gains for the ZiG, which has struggled since its introduction in April. The currency's appreciation is attributed to tighter monetary policies implemented by the central bank, including devaluation, interest rate hikes, and increased reserve requirements. However, experts caution that sustaining this momentum may be challenging due to expected high dollar demand during the upcoming agricultural planting season.

Treasury yields climbed on Election Day, with the two-year yield hitting a multi-month high and the 10-year yield approaching a three-month peak. The increase was driven by strong US services sector data and anticipation of the Federal Reserve's interest rate decision. Market volatility indicators suggested investors were preparing for significant fluctuations in yields following the election results.

Copper prices have risen for the third consecutive day, driven by positive economic data from China and expectations of further stimulus measures. China's services sector showed strong growth, and recent factory indicators have been better than anticipated, suggesting that existing stimulus efforts may be yielding results. The market is anticipating additional economic support measures from the Chinese government, which could further boost copper demand.

As the US election gets underway and the Federal Reserve is expected to lower interest rates, gold prices hold steady just below their all-time high. Bullion has seen a significant surge of more than 30% in 2024, driven by factors such as anticipated rate cuts, central bank purchases, and geopolitical uncertainties. The close presidential race and possibility of a prolonged vote count may further support gold's appeal as a hedge against market instability.

Gold prices have experienced a minor pullback from recent all-time highs, primarily due to profit-taking by traders. The precious metal briefly touched $2,800 per ounce before retreating, with volatility driven by factors such as the upcoming U.S. election, economic uncertainty, and geopolitical tensions. Despite the short-term fluctuations, long-term investments continue to flow into gold, with ETFs seeing net inflows and central banks increasing their reserves. The market remains sensitive to economic indicators and potential policy shifts, with investors closely watching for signs of further volatility or stabilization in gold prices.

The silver market is poised for a potential historic short squeeze due to a combination of factors, including decades of price suppression by major banks, a significant disparity between paper and physical silver, declining mine production, and increasing industrial demand. As banks face potential losses on their short positions and physical supplies dwindle, the true value of silver may soon be revealed, potentially leading to a dramatic price surge and reshaping the precious metals landscape.

The US dollar weakened and Treasury yields fell as recent polls showed Kamala Harris gaining ground against Donald Trump in the presidential race. Investors had previously bet on a Trump victory, but are now adjusting their positions as the election appears too close to call. The Mexican peso and other currencies strengthened against the dollar as a result.

The oil market experienced an uptick as OPEC+ postponed its December production increase and Middle East tensions intensified. Brent crude and West Texas Intermediate both saw price increases, with the former reaching $74 per barrel. The decision to delay output hikes, combined with Iran's aggressive stance towards Israel, has created uncertainty in the market. This geopolitical instability is counterbalancing worries about oversupply and sluggish demand from China, leading to increased volatility in oil prices.

While voters may not consider the Federal Reserve when casting their ballots on Tuesday, the next president's approach to Fed independence is a significant concern for economic experts. Former President Trump's history of pressuring the Fed and his campaign statements suggest he may seek more control over monetary policy if re-elected, in contrast to the Biden administration's more hands-off approach.

Everyone wants to know how the 2024 Presidential Election will impact the precious metals and economy.  So, what happened to the gold and silver prices during the last two Presidential Elections, and what does that say about the future of the metals...