Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
The world is facing a global hunger crisis of unprecedented proportions, and we are at a critical crossroads. Either we rise to the challenge of meeting immediate needs while supporting programmes that build long-term resilience at scale, or we will face even greater humanitarian crises down the line.
For me, hearing supposed “experts” talk about what’s now happening in the markets and economy is like listening to nails scratch against a chalkboard because they are typically saying incorrect things in an erudite rather than commonsense way.
Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proved higher and far more persistent than he or the Fed's staff economists had foreseen.
Stagflation refers to a combination of high inflation and high unemployment. Here's why experts are worried the economy may be susceptible to those conditions.
As inflation has crept up to the highest level in more than 40 years in recent months, the issue of rising costs of living has also climbed to the top of Americans’ mind.
Jun 21, 2022 - 10:13:52 PDT
Stocks have fallen for a number of reasons this year. But there's another shoe that's about to drop that should send equity prices even lower: margin compression.
Despite companies' profits getting squeezed by higher input costs due to hot inflation AND rising costs of capital, Wall Street analysts are still projecting robust earnings growth for 2023.
Those estimates are going to have to come down soon in order to better match the unfolding reality.
(Goldman Sachs Group Inc. economists cut their US growth forecasts and warned that the risk of recession is rising.
If you're nervous about the stock market, you've got good reason to be: Central banks around the globe are losing the battle against inflation, and their response could plunge the global economy into a recession.
DOMINIC SANDBROOK: Airports are crowded with mobs of angry, frightened people. Even greater throngs descend on the railway stations, desperate to squeeze on to the overcrowded trains.
Jun 21, 2022 - 08:36:34 PDT
Global airlines are grappling with a double whammy from the rare combination of a strong U.S. dollar and high oil prices at a time when broad inflationary pressures and worker shortages are also placing pressure on the pandemic-hit industry's recovery. The oil price and the U.S. dollar typically have an inverse relationship so that when one is high, the other is low,...
Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic.
With Markets in Disarray, International Investors Are Stockpiling U.S. Dollars; WSJJun 21, 2022 - 08:26:22 PDT
Foreign investors, concerned about soaring inflation and a global slowdown, are keeping their cash in the U.S. currency
What are the different types of inflation? Which economic forces impact each type? Below, we chart each over modern history.
Jun 21, 2022 - 08:16:17 PDT
Rising energy prices, rising home prices, rising mortgage rates, declining hope. But as The Federal Reserve begins to withdraw it Covid stimulus, existing home sales declined -3.39% in May from Apr…
A recent report issued by the United Nations (UN) group of independent experts said that governments should improve and publish their gold trade data, to help eliminate smuggling and violence around mines, and the trading of unethical gold extracted from areas of armed conflict.
Russia’s government and parliament are seeking to change rules on the sales and management of the state’s precious metal and gem stockpiles amid the war with Ukraine.
The European Central Bank’s emergency meeting last Wednesday was a remarkable event. It could be the first time that a central bank confronted by the onset of a crisis has moved early and quickly.
Biden weighs a gas tax holiday, but not everyone in his administration agrees.
Hello ECB president Christine Lagarde, what you gonna do?
Jun 21, 2022 - 05:50:10 PDT
A 42-page chapter in the Bank for International Settlements’ 2022 Annual Economic Report envisions a future where programmability and tokenization are built on top of central bank digital currencies.