Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
December Payrolls Beat Expectations But Wage Growth Disappoints, Lowest Since August 2021Jan 6, 2023 - 05:47:39 PST
There was a general sense of foreboding ahead of today's jobs report, because as we wrote in our payrolls preview, several strategists noted that there was virtually no number that would be good for risk assets. As Goldman trader John Flood said, "whispers into December's jobs print are creeping higher as we have already gotten 4 strong labor data points this week... We are still in a good data is bad for stocks set up but the new spin is that really bad data is also bad for stocks. AKA risk is skewed to the downside."
High U.S. inflation is likely to recede in 2023 thanks to aggressive Federal Reserve efforts to raise interest rates and cool off the economy, a senior official said.
Corona brewer Constellation Brands Inc. now says it plans to make “more muted” price increases in the coming fiscal year, because higher-than-usual price increases in October slowed its sales growth. “The consumer is overly sensitive to pricing actions,” Constellation Chief Executive Bill Newlands told analysts Thursday when the company lowered its earnings...
Japan's benchmark bond yield hit the maximum allowed by the central bank Friday. The Bank of Japan [doubled a cap on 10-year yields on Dec. 20, allowing them to go as high as 0.5%. Bond yields rise when prices fall. The move surprised market participants, and sent yields rapidly higher—but the new limit wasn't tested until Friday.
Eurozone inflation fell back into single digits in December, with data published on Friday morning showing the headline rate hitting 9.2 per cent after annual price growth exceeded 10 per cent for the previous two months. Franziska Palmas, senior Europe economist at research group Capital Economics, said: “The ECB is likely to stick to its hawkish rhetoric in the near term despite...
Vandana Hari, founder at Vanda Insights, discusses China's reopening, oil prices and OPEC+'s strategy in 2023. She speaks on Bloomberg Television.
January mortgage rates forecast: Mortgage rates might rise modestly in January, reaching their 2023 peak before settling lower the rest of the year.If mortgage rates do rise in January, they will do so in response to two things:A stubbornly high inflation rate.Uncertainty about what the Federal Reserve will do at its next monetary policy meeting, which...
JPMorgan’s Chief U.S. Economist Warns of Job Losses, Unemployment Ahead & Expecting a RecessionJan 6, 2023 - 05:30:09 PST
Hopes for a Fed pivot are premature, as Jay Powell has not succeeded yet in anchoring inflation expectations.
Hedge fund fees have dropped to their lowest level since the global financial crisis in 2008, research firm Hedge Fund Research (HFR) said on Friday, as high inflation and recession fears hit investors. HFR said hedge fund base fees fell from the second to the third quarter of 2022 by one basis point (bps) to an estimated 1.35% and that average incentive fees tumbled 4 bps...
A sharp decline in the M2 measure of the US money supply could be good news for policymakers in their efforts to bring high inflation under control, St. Louis Fed President James Bullard said.
Fed’s Message to Stock Market: Big Rallies Will Only Prolong Painful Inflation Fight: MWJan 6, 2023 - 05:24:47 PST
Analysts say minutes of the Federal Reserve's December meeting delivered an important message to investors: big stock market rallies are unwelcome.
A couple quick points here: as Jim Bianco pointed out economists have consistently underestimated payrolls in 2022 and as shown below, the (first release) of the payrolls report has consistently beaten the median estimate for the past 8 months and 11 of the past 12.
nvestors have heard the adage a lot lately — good news is bad news, and vice versa. In today's economy, positive data on job growth, manufacturing, and consumer spending have been perceived as a sign the Federal Reserve will remain aggressive in raising interest rates to slow growth and inflation.
Global equities traded sideways and the dollar bounced as investors braced for a crucial U.S. jobs report later on Friday that may firm the Federal Reserve's resolve to keep raising interest rates.
You have questions. Friday Gold Wrap host Mike Maharrey has answers. In this episode of the podcast, Mike answers questions submitted by listeners. He covers topics ranging from the American Silver Eagle shortage to the best states for sound money.
What will 2023 have in store for us? What will a recession mean for stocks? Will the Fed pivot? How far could Real Estate fall? What does this all mean for precious metals?
Gold has started the new year off right, powering to nearly $1,850 an ounce Tuesday, Jan. 3, a six-month high. Silver followed suit, with March futures notching an eight-month peak of $24.22.
The buying surge appears to be a response to two developments––the freezing of the Russian central bank’s dollar holdings after the invasion in Ukraine, and the development of uncertainty over the stability of US financial markets and its political system.
Gold has started the new year off right, powering to nearly $1,850 an ounce Tuesday, Jan. 3, a six-month high. Silver followed suit, with March futures notching an eight-month peak of $24.22.
As painful as this liquidation and repricing of risk is for borrowers and lenders, those without debt, those with cash and those with essential skills that are in demand regardless of boom or bust will all benefit.