Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
US house prices could tumble as much as 20% in the wake of the surge in mortgage rates, according to research from the Federal Reserve Bank of Dallas.
Investors expect inflation to finally start falling next year, but they aren’t convinced that will coincide with Federal Reserve rate cuts, according to Bank of America Corp.’s latest fund manager survey.
(Reuters) -Atlanta Federal Reserve President Raphael Bostic said on Tuesday he sees little evidence that the U.S. central bank's aggressive monetary policy tightening is slowing inflation, and borrowing costs will have to rise further for that to happen. "Tighter money has not yet constrained business activity enough to seriously dent inflation,”...
The European Central Bank warned of rising stability risks for everyone from lenders to governments and households as the economic outlook darkens and officials battle record inflation.
The euro zone’s upcoming consumer-price report will matter for the European Central Bank’s next decision as officials confront inflation that’s likely to stay “elevated” for months, according to Vice President Luis de Guindos.
Energy bills drove UK inflation to a stronger-than-forecast 41-year high in October, adding to pressure on the government and Bank of England to act.
Target: ‘Organized Retail Crime’ Drove Astounding $400 Million Loss in Profits This YearNov 16, 2022 - 05:30:19 PST
Target stores are getting looted, and it's taking a huge bite out of profits.
Consumers Experience ‘Tipping Fatigue,’ Averaging Less Than 20% for Service EmployeesNov 16, 2022 - 05:27:41 PST
Yahoo Finance Live anchors examine trends in how American consumers are tipping service workers in the late-pandemic.
Walmart had a surprising quarter, even as inflation continues to remain high.
Target missed the bullseye by a wide margin in the third quarter as the discount retailer felt the brunt of a consumer spending slowdown in more discretionary merchandise.
U.S. stock futures inched higher Wednesday morning as Wall Street shifted its focus to the government’s retail sales data and another round of earnings from retailers.
With real wages decreasing and inflation running rampant, Americans are burying themselves in debt to make ends meet.After setting a new record in the second quarter, household debt increased at the fastest pace in 15 years during Q3, as American consumers have run up credit card balances month after month this year as they cope with higher prices. Meanwhile, rising interest rates have ballooned mortgage balances.
On Tuesday (Nov. 15), the New York Federal Reserve announced a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC).The "proof of concept" program will test an "interoperable digital money platform" on a regulated liability network (RLN) for "technical feasibility, legal viability, and business applicability of distributed ledger technology,” according to a press release.
THE 300-TON MIGHTY CHINA COAL BRONTOSAURUS IN THE ROOM: The Massive Increase In China's Coal Production This YearNovember 16, 2022
While the rest of the world is cutting back on coal production and shutting down coal-fired power plants, China is going full-steam ahead, doing quite the opposite. The increase in China's coal production in 2022 will be nearly three times more than the largest European producers in a year...
Join Mike Maloney and Jeff Clark in today’s bumper video update where you’ll learn about: Central Bank gold buying hitting a record, Mike’s thoughts on Elon Musk and Twitter, The recent crypto disruption and much more...
A discovery on a beach on Newfoundland's south coast presents a mystery regarding European contact with North America.
Just take last week for example – every possible commodity imaginable from Aluminium, Copper, Palladium, Platinum, Gold, Silver, Lumber, Zinc, Crude Oil to Natural Gas prices surged following Thursday’s U.S Consumer Price Inflation data – with a long-list chalking up spectacular gains of 10% or higher – literally in a single day!
A grand plan is advanced by the World Economic Forum (WEF). Its name, “The Great Reset,” conveys the scope of this undertaking.
Why is inflation regarded as bad news? What kind of damage does it do? Popular commentators maintain that inflation causes speculative buying, which generates waste.
Residents of Wyoming and South Dakota live in the most pro-sound money states in the U.S., according to the 2023 Sound Money Index released today. Money Metals Exchange, a national precious metals dealer, depository, and collateral lending institution, has again teamed up with the Sound Money Defense League, an influential public policy group...