Gold has all the potential to go unprecedentedly high. But silver will be gold on
Site:
Precious metals news
He called for higher taxes, more spending, more regulations, and an end to criminal justice reform efforts when he wasn't spitting out word salad. It was a lost opportunity for Biden to take what is usually the best course of action for politicians: support freedom and then shut up.
State Department Official Warns President Xi Will Face "Serious Consequences" If China Helps MoscowMar 4, 2022 - 06:57:21 PST
Beijing has been pretty clear in its support for Russia, going so far as to denounce the western sanctions as "illegal".
I did not think the EU would pay the SWIFT card on Russia. It turns out I was correct.
You're getting less for more every time you pull out your wallet. Inflation is chewing up the average person's paycheck. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the real pain of inflation. He also talks about Jerome Powell's testimony before Congres, the trajectory of monetary policy, the strength of the economy, and he breaks the February jobs report live.
Yesterday, Powell stressed the need to be nimble. Today he admits the Fed is on autopilot due to uncertainty.
Mar 4, 2022 - 06:37:40 PST
Of course, the leading sector for job creation was … leisure and hospitality with 179k added. Food services and drinking places (aka, bars) added 124k jobs.
We expect gold prices to test $1962 per troy ounce and silver could also test $25.80 per troy ounce levels.
NATO will defend all its allies and territory against a Russian attack, U.S. Secretary of State Antony Blinken said on Friday, as he arrived for a meeting of the alliance's foreign ministers in Brussels.
The world economy today bears an eerie resemblance to the early 1930s, when, in the face of unresolved debt problems, growing inequality and political polarisation, the siren calls of central bankers and economic thinkers helped usher in a global depression that led to a world war.
Thailand’s retail inflation accelerated at the fastest pace since 2008 as the net oil importer struggled to cope with rising energy and fresh food costs, posing a policy dilemma for the central bank that’s kept interest rate at a record low to support a nascent economic recovery.
Chicago futures for the grain have soared 40% -- the most ever -- as Russia’s war in Ukraine upends global grain supplies. This week will go down in wheat trading history.
Oil rose above $113 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of more Iranian supplies in the event of a nuclear deal with Tehran.
Russia is on course for an economic collapse that will rival or even eclipse the size of the 1998 slump which followed its debt default, although the financial fallout may be less than then.
Global equity funds saw massive outflows in the week to March 2 as investors sought safer havens for their assets amid Russia's invasion of Ukraine.
Commodities Set For Biggest Weekly Gain Since 1974 As Stagflation Fears EmergeMar 4, 2022 - 05:18:29 PST
Commodities markets from agriculture to energy to metals have been upended by Russia's invasion of Ukraine, as Bloomberg's index of raw materials is set for the biggest weekly gain in nearly half a century.
Given the heated global political environment, it is necessary to inject a note of caution into ongoing debates centered on the weaponization of dollar-based global finance.
When Lehman Brothers collapsed in 2008, he saw how unexamined interlinkages in the market’s financial “pipes” could generate unexpected shocks, particularly in the tri-party repurchase sector (where short-term loans are extended against collateral between multiple parties). Today, however, Poszar is pondering whether a similar chain reaction might occur as a result of western sanctions on Russian institutions.
Stock Futures Fall Amid Russia-Ukraine Conflict, Investors Await Jobs DataMar 4, 2022 - 05:09:32 PST
Stock futures headed for a lower open Friday morning as investors awaited a key update on the labor market's recovery and continued to monitor for global economic fallout from Russia's war in Ukraine.
A huge blaze at the site of Europe's biggest nuclear power station was extinguished on Friday, and officials said the plant in southeastern Ukraine was operating normally after it was seized by Russian forces in fighting that caused global alarm.
The Irony is... a beautiful blue metal called Cobalt, will be the factor that kills Green Energy. While it is true that the Battery Industry is moving to low-cobalt or cobalt-free Lithium batteries, the ramping up of Electric Vehicles production will still put enormous demand on a metal that will become increasingly scarce...