Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Precious metals news
Jan 26, 2023 - 05:40:57 PST
Your reluctance is understandable. After a decade of “unprecedented” ultra-loose monetary policy, the next BoJ chief faces the daunting challenge of steering Asia’s most advanced economy towards normalizing interest rates. If they fail, the consequences could be profound: a return to deflation and a sharp economic slowdown; turmoil in global stock, bond and currency markets; and a collapse in the Bank of Japan’s credibility.
The Bank of Japan is facing a fresh headache in the dysfunctional local bond market — it has become so illiquid that some securities are being kicked out of an important global index.
Splits Emerge as U.S. House Republicans Demand Biden Negotiate on Debt LimitJan 26, 2023 - 05:37:37 PST
Republicans who control the U.S. House of Representatives are divided over how hard a line to take on the debt ceiling, but were united on Wednesday in demanding that Democratic President Joe Biden agree to negotiate on spending as part of any deal.
Is a US Recession Near? Making the Call Is Trickier Than Ever: BloombergJan 26, 2023 - 05:35:01 PST
Traditional economic indicators can’t predict the timing of a downturn, but newer forecasting methods are untested.
Wall Street Heavyweights Warn of Pain Ahead Despite Market’s Recent ReprieveJan 26, 2023 - 05:33:21 PST
Some of Wall Street’s biggest names are throwing cold water on expectations that the U.S. economy will scrape through 2023 without a recession, even as hopes of easing inflation and resilient growth propel stocks higher.
Global Markets-Hopes of Slowdown in Rate Hikes Bolster Shares Ahead of U.S. GDPJan 26, 2023 - 05:27:34 PST
Stocks firmed on Thursday as investors bet that central banks meeting next week will signal a slowdown or even a pause in interest rate hikes for later in the year to make recession less likely and ease pressure on corporate earnings. Oil prices were steady after U.S. crude stocks rose less than expected, while gold hit a 9-month peak. The dollar wobbled near an eight-month low...
The price analysis last month titled Gold and Silver are Setting up for a Strong Advance in 2023 highlighted that both metals had shaken off the weakness and looked to be headed higher. It concluded by saying...
Gold has risen for five trading sessions in a row, the longest streak of gains since August. Gold has risen nearly 6 percent since the start of 2023, finding support from signs of waning U.S. inflation and expectations for an economic recession.
Os Tuesday, Gold XAU/USD registered its highest daily close since April. Strategists at Credit Suisse expect the yellow metal to enjoy further gains.
Jan 25, 2023 - 13:12:57 PST
Central bank purchases, the year of the rabbit celebrations and minor US dollar weakness have spurred gold to US$1936. But after a heady appreciation of 19 per cent since the November 2022 lows, the bullion price is now meeting resistance. A US dollar dive, worsening wars in Ukraine or Middle East are needed for gold …
Gold touched an all-time high of ₹57,000 per 10 gm on Tuesday, which is ₹800 more than in August 2020 when the rate had peaked at ₹56,200 per 10 gm during the covid pandemic.
Prices of gold, regarded as a safe-haven asset, hit a record high in Japan on Wednesday amid growing concerns over inflation and recession around the world.
Wall Street's shunning of gold and silver serves the interests of brokers and investment bankers – not clients who would stand to benefit from exposure to precious metals.
The dominant theme for last year, I said way back in 2021, would be that inflation would become such a raging inferno it would force the Fed to tighten harder than anyone expected by rapidly raising interest and erasing money supply, causing stock and bond markets to both crash together (a coinciding set of events so rare almost no one would dare predict it), taking us into a recession.
Japan’s broken bond market continued to throw up anomalies with central bank ownership of some government debt exceeding the amount outstanding, according to its latest data.
Jan 25, 2023 - 12:49:45 PST
"Today I am announcing that the United States will be sending 31 Abram tanks to Ukraine. [Defense] Secretary [Lloyd] Austin has recommended this step because it will enhance the Ukraine's capacity to defend its territory and achieve its strategic objective."
Russia sails navy frigate with nuclear capable hypersonic missiles toward the U.S. Those hypersonic missiles move a little faster than Abrams tanks. Will someone please explain nuclear war escalation dynamics to the dopes in the White House. I give up.
Jan 25, 2023 - 11:52:24 PST
Yuan sales could prop up the Russian economy as the nation's oil revenue plunges, thanks to the EU crude ban and $60 price cap.
Jan 25, 2023 - 11:51:12 PST
Each hypersonic advance demonstrates the need for the U.S. to accelerate testing, production and rapid deployment of hypersonic weapons to front-line forces.
German Foreign Minister Annalena Baerbock bluntly stated in fresh remarks that Western allies are fighting a war against Russia. The remarks came during a debate at the Parliamentary Assembly of the Council of Europe (PACE) on Tuesday amid discussions over sending Leopard 2 tanks to Ukraine.