Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan. Energy exporters are increasingly getting paid in yuan. Russia’s sovereign-wealth fund, a war chest to support government spending burdened by battlefield costs in Ukraine, is using the Chinese currency to store its oil riches.
BofA's hawkish stance comes after it recently added expectation for another quarter basis-point hike in June following similar moves in March and May, for a peak rate expectation of 5.25%-5.5%. The brokerage expects the U.S. economy to tip into recession by the third quarter of 2023.
"The benchmarks move as I get older," one man told CBS News. Now, his goal is to retire at 70 and then "look for something part-time afterward."
Japanese government bond yields fell on Tuesday on relief that incoming Bank of Japan leadership signalled no imminent changes in policy, while pent-up demand for longer tenors helped sentiment. Japan's benchmark 30-year yield fell 5 basis points to 1.380% as of 0520 GMT, after earlier touching 1.375% for the first time since Oct. 7. The 40-year JGB yield fell...
Equities are overvalued and at risk of further losses as a divergence with bonds is yet to close, say JPMorgan Chase & Co. strategists.
The US Treasury Department is on the cusp of once again having to slash the amount of Treasury bills floating around, potentially creating ripples in funding markets as investors chase a dwindling supply of securities or hunt for other places to stick short-term cash.
In just one month, emerging Asian assets have gone from a buy to sell. And all signs point to continued caution as March draws near.
Investor sentiment toward stocks is becoming more pessimistic as they build short bets in both US and European equity futures, according to Citigroup Inc. strategists.
Banks are becoming the leading buyers of some euro zone governments' bond sales, taking advantage of surging interest rates as the European Central Bank looks to reduce its presence in the market. Euro zone governments need private buyers to pick up some 400 billion euros ($422 billion) of additional debt this year. Funding needs remain high due to the energy shock that...
The European Central Bank must push on with monetary-policy tightening while price pressures endure, according to Governing Council member Boris Vujcic.
When China’s leaders gather in Beijing for the annual parliament next week, one of the biggest economic risks they’ll need to tackle is the mounting debt of provinces.
US equity futures climbed on the back of strong corporate results after Target Corp. beat expectations and Chevron Corp. expanded its stock buyback plans. Bonds sank in the wake of reports that showed accelerating inflation in France and Spain.
Yahoo Finance's stat of the day shows inflation remaining entrenched in the minds of many corporate chieftains.
The Biden administration’s ambitious program to forgive billions of dollars in federally supported student loan debt is set to face multiple challengers before the U.S. Supreme Court on Tuesday, when the court is scheduled to hear arguments in two cases that dispute the plan's legality.
Target Q4 Earnings Beat Estimates, CEO Strikes a Cautious Tone as Consumer Spending ShiftsFeb 28, 2023 - 05:15:28 PST
Target posted its fiscal fourth-quarter earnings results before market open on Tuesday that beat estimates as consumers spending habits shift away from discretionary categories.
Global Markets-Slip, Bond Yields Hit Multi-Year Highs on Inflation FearsFeb 28, 2023 - 05:13:02 PST
Global equities slipped and bond yields hit multi-year highs on Tuesday after consumer prices hit a record in France and accelerated in Spain, adding to expectations that major central banks will need to continue tightening policy. France's European Union-harmonised consumer prices rose to a record 7.2% in February while Spain's EU-harmonised 12-month inflation was 6.1%, up...
There has been a lot of talk about central bank digital currencies (CBDCs). The powers that be sell CBDCs on the promise of convenience and security. But in reality, they are part of a broader "war on cash" and a push to give governments even more control and power over you and me. Digital currencies could allow governments to track and even control everybody's spending.But some state legislators are pushing back against CBDCs and working to implement laws to protect people in their state from this excessive federal government control.
Peter Schiff: The Fed Is Going to Throw in the Towel on the Inflation Fight (Interview)February 28, 2023
Peter Schiff appeared on Greg Hunter's USA Watchdog.com show to talk about inflation and the economy. Peter didn't paint a rosy picture, explaining that the Federal Reserve is ultimately going to throw in the towel on the inflation fight in order to fight something much worse - economic collapse.
Global demand for silver expected to grow around 16% in 2022 to 1.21 billion ounces, leading to the biggest deficit for the metal in decades. This interview will examine the supply and demand outlook for this precious metal, industrial factors influencing its large demand growth, it’s role as a precious metal, and more.
Gold (and silver) have been hit hard in February. We predicted a pullback would happen, and we said it would be healthy, sort of a ‘bullish pullback’. We explained this in Gold’s Healthy Pullback Should Improve Its Long Term Profile. While the pullback is still working ‘in full force’ we start seeing how the gold […]