Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Gold prices eased on Friday as the dollar firmed in the run-up to U.S. inflation data, but economic jitters kept safe-haven bullion on course for a second consecutive monthly rise.
Fed's Favorite Inflation Indicator Slows Only Marginally, Americans' Savings Rate Rises To 15-Mo HighsApr 28, 2023 - 06:01:39 PDT
After US and German GDP gravely disappointed and inflation measures on both sides of the pond remain far more elevated that hoped for, this morning's print of The Fed's favorite inflation indicator will likely drive today's early action among the algos.
The US economy is already in recession, economists have warned after official figures revealed activity slowed sharply at the start of this year, dealing a blow to Joe Biden’s re-election campaign.
High Inflation Still Top Concern for Global Economy, Say Economists: Reuters PollApr 28, 2023 - 05:58:03 PDT
Persistently high inflation remains the biggest economic concern this year even as most central banks are at or near the end-game for rate rises, according to Reuters polls of economists who also upgraded their 2023 growth forecasts from three months ago. With the global economy performing better than expected so far this year, most major economies...
The Bank of England is militantly unrepentant. We are supposed to believe that it is not to blame for the monetary inflation that so convulsed our society over the last two years.
Us Regulators to Release Reviews of Largest Bank Failures Since 2008 CrisisApr 28, 2023 - 05:53:49 PDT
U.S. regulators are set to release confidential details of their oversight of Silicon Valley Bank and Signature Bank in the run-up to the sudden collapses of the regional lenders last month, even as another large financial institution's struggle for survival in the wake of those implosions plays out in real time. In back-to-back reports due on Friday, the Federal...
GDP: Economists Fearing More Than Just a Recession: The U.S. Might Well Be Facing StagflationApr 28, 2023 - 05:45:58 PDT
“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.
Short sellers have ramped up bets against commercial mortgage REITs, wagering that more borrowers will default on office debt as interest costs increase and property values fall.
China’s central bank boosted short-term cash injection into the banking system for the 11th straight day, the longest streak this year, as it sought to calm investor concerns over a liquidity squeeze around month-end.
A growing body of contrarians has a warning for the market majority betting on a continued euro rally: the energy crisis that sent the common currency tumbling last year is far from over.
The US economy was slowing even before the brunt of any credit crunch stemming from the recent bank failures, while inflation accelerated, highlighting the enormous challenge faced by the Federal Reserve.
First Republic Bank’s membership in the S&P 500 Index could be in jeopardy after the troubled bank’s stock set a new all-time low on Wednesday that briefly pushed its market capitalization below $1 billion.
The euro zone dodged a winter recession by growing at the start of 2023, despite inflation remaining a menace.
Shares of First Republic Bank rose in pre-market trading as the US banking industry and regulators hash out possible paths forward for the troubled regional lender.
Banks increased emergency borrowings from the Federal Reserve for the second week in a row, underscoring ongoing stress in the financial system following a string of bank collapses last month.
U.S. electric utilities must make investments to the tune of almost $12 trillion dollars before 2040 in order to upgrade the grid and keep power supply reliable...
US oil futures headed for the longest run of monthly losses in more than eight years as slowdown concerns in the US and Asia weighed on demand outlook.
The Bank of Japan scrapped its guidance on future interest rate levels while keeping its main stimulus measures unchanged, as Governor Kazuo Ueda prepared the ground for taking a more flexible stance on policy.
Europe’s central banks should be wary of potential dangers ranging from more financial stress to a divergence in bond yields as they stay the course with further interest-rate hikes, according to the International Monetary Fund.
U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank's advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve are among government bodies that have...