Precious metals news

But several days ago, Fauci told another news outlet that he does not expect another significant COVID-19 surge.

In our NFP preview we said that only a catastrophic March jobs report coupled with even more negative data could shake the Fed's determination to pursue a 50bps rate hike in May. Which is why despite a modest miss in the just reported March jobs data, we fail to see anything remotely ugly enough to change the big picture which sees the Fed continuing its liftoff as planned, with a 50bps hike next month.

Recession fears are up, earnings prospects are down (but it could be worse), and predictions for the rest of 2022 have been shaken up.

The National Farmers' Union has warned the UK is sleepwalking into a food security crisis. Soaring energy and fertilizer costs have led to an unprecedented situation where growers' margins have collapsed, forcing many to halt growing operations.

Spanish supermarkets can legally ration consumer purchases of certain products under a new provision published Wednesday in the state's official bulletin.

Euro zone inflation surged to 7.5% in March, hitting another record high with months still left before it is set to peak, raising pressure on the European Central Bank to rein in runaway prices even as growth slows sharply. Consumer price growth in the 19 countries sharing the euro accelerated from 5.9% in February, Eurostat said on Friday, far beyond the 6.6% expected...

Japanese inflation is finally inching upward, but not for the right reasons. A weakening yen could make things worse.

U.S. President Joe Biden’s plan to tackle record gasoline prices with an unprecedented release of emergency oil reserves may stifle domestic crude drilling just when it’s needed most.

Talks between Russia and Ukraine are set to continue on Friday, as fighting continues on Ukrainian soil.

When the world got in trouble with Green Energy... Coal-Fired Power Generation came to the rescue.  This is precisely what I expected to happen when governments and the market were faced with real Energy Challenges.  Both the United States and Europe ramped up coal-fired generation last year...

Gold on Thursday was headed for its biggest quarterly gain since the pandemic-led surge in mid-2020 as concerns over soaring consumer prices and the Ukraine crisis bolstered bullion's safe-haven appeal.

we said that in light of the galloping inflation which has crushed BIden's approval ratings and has ensured a landslide loss for Democrats in the midterms, the Fed desperately wants to create a recession (and, at this rate, it will get it).

Russia scrapped a 20% value-added tax on gold buying for individuals on March 1 as people rushed to park their savings when the rouble sank to record lows. The currency has been hit by sweeping Western sanctions on Russia in response to what Moscow calls its "special military operation" in Ukraine.

In 1919, the U.S. was forced to abandon much of the global decision-making consensus it sought as other powers balked. In 1945, the catastrophe partly caused by 1919’s reparations against Germany led the Allies, then including the Soviet Union, to craft a consensus-based, global financial order resting on a neutral reserve asset — gold — that all believed would ensure the balance of power stayed balanced. After 1971, the U.S. abandoned the gold standard and gained increasing clout as the dollar replaced gold as the world’s go-to reserve currency. The result was a long-lasting, if often uneasy, financial order empowering the increasingly globalized, financialized system that has come to advantage the U.S. at the growing cost of wealth inequality.

The Federal Reserve's main tool for managing the economy is to change the federal funds rate, which can affect not only borrowing costs for consumers but also shape broader decisions by companies like how many people to hire. WSJ explains how the Fed manipulates this one rate to guide the entire economy.

Economists hoped that as households shifted spending back to services, price gains would cool. That effect might be less pronounced now.

Headline inflation spurred by gas prices doesn’t always create a sustained increase in prices, but it could this time.

Sadly for Biden's approval rating (and drivers across the country), the recent resurgence in crude prices suggest pump prices will soon be on the rise again.

The United States has warned India that buying more oil from Russia could expose it to a "great risk" in light of more sanctions against Moscow, Reuters has reported, citing an unnamed senior U.S. official.

Inflation adjusted, real disposable income actually declined for the 10th time in 11 months but I called it 9 of 10 because of stimulus distortions.