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October's retail sales data showed a 0.4% increase, surpassing forecasts and indicating continued consumer spending strength. The report also revealed a substantial upward revision to September's sales, further highlighting the robust state of consumer spending.
The latest Consumer Price Index (CPI) report shows U.S. inflation rose to 2.6% year-over-year in October, up from 2.4% in September. This increase breaks the recent trend of cooling inflation. Monthly inflation remained steady at 0.2%, while core inflation measures held stable.
"Expect the Unexpected" Post-Election Market Moves: What It Means for Gold, Silver & BitcoinNov 14, 2024 - 12:48:10 EST
Dive into this insightful conversation with Mike Maloney and Alan Hibbard as they explore how the latest U.S. election might impact gold, silver
Wall Street remained cautious on Thursday, with major indices showing slight declines. Investors focused on Federal Reserve Chair Jerome Powell's upcoming speech and the potential economic impact of Republican control in DC, while recent inflation data continued to fuel hopes for a December rate cut.
China has prepared robust countermeasures to retaliate against US companies if Donald Trump reignites a trade war upon his return to the presidency. Unlike in 2016, Beijing now has new laws and tools at its disposal, including the ability to blacklist foreign companies, impose sanctions, and restrict access to crucial supply chains. While China's economic vulnerabilities persist, it is better equipped to defend its interests in a potential trade conflict.
China's recent issuance of $2 billion in US dollar bonds in Saudi Arabia highlights the enduring appeal of the dollar in international finance, despite calls for de-dollarization. The move strengthens China-Saudi ties and provides benchmarks for Chinese companies, while also demonstrating the dollar's continued dominance in global markets.
SRSROCCO BITCOIN-TETHER POST BLEW UP ON TWITTER: I Received Over 300,000 Views On This PostNovember 14, 2024
WOW!! The past 24 hours have been a whirlwind. After I spent the past several days researching Bitcoin & Tether, I published a post on Twitter-X that BLEW UP and received nearly a third of a million views. It's critical to understand Bitcoin because it is competing with the precious metals...
UBS remains bullish on gold, advising investors to buy on dips around $2,600/oz with a $2,900/oz target over the next 12 months. The bank emphasizes gold's enduring value as a hedge against economic uncertainties and recommends a 5% allocation in balanced portfolios, citing factors such as central bank demand, potential US fiscal deficits, and ongoing geopolitical tensions as supportive of gold prices.
Nov 13, 2024 - 09:22:21 EST
Gold prices are responding to a perfect storm of economic and political factors. The Fed's recent rate cut to 4.5%-4.75%, Trump's election victory, and China's economic stimulus measures are all influencing the precious metal's value. In this episode of Unearthed, hosts John Reade and Joe Cavatoni discuss the latest news and events and how they impact the gold markets.
Treasury Yields Climb Post-Trump Win, Experts Warn of Inflationary PressuresNov 13, 2024 - 09:17:45 EST
Bond market experts are adjusting their forecasts following Trump's presidential win, with concerns about inflation driving expectations for higher long-term Treasury yields. The 10-year Treasury yield has jumped since the election, as Trump's proposed policies could substantially increase U.S. debt. This development, alongside robust economic indicators, has led to a reassessment of the Federal Reserve's rate cut plans and market predictions for future monetary policy.
Federal Reserve Chair Jerome Powell maintains that long-term inflation expectations are "well anchored," but recent data and expert opinions suggest otherwise. Consumer expectations for inflation over the next 5-10 years have risen, and economists predict that President-elect Trump's policies may further boost inflation. Companies are already warning of price increases, and many Americans continue to feel the strain of high prices.
Gold prices have stabilized around $2,600 after finding support at a major trendline, halting a short-term downtrend. The recent US CPI data, which aligned with expectations, had minimal impact on gold prices. The precious metal's November sell-off was influenced by expectations of elevated US interest rates and significant outflows from Gold ETFs.
Shocking Truth: "The Monetary System Controls Us, Not Politics!" Mike MaloneyNov 12, 2024 - 13:07:26 EST
In this eye-opening discussion, Mike Maloney and Alan Hibbard dive deep into how the monetary system—not which party is in power—shapes our economic
Nov 12, 2024 - 11:38:44 EST
The Federal Reserve may implement fewer interest rate cuts in 2025 than previously anticipated due to President-elect Donald Trump's proposed tariff policies. Former Fed policymaker Loretta Mester believes the market is correct in adjusting its expectations, as Trump's fiscal plans could impact the pace of rate cuts and potentially lead to higher inflation.
Nov 12, 2024 - 11:35:26 EST
In the wake of Donald Trump's election win, U.S. Treasury yields experienced a significant uptick, reflecting market concerns about future inflation and interest rate trajectories. The 10-year and 2-year Treasury yields both rose by over 8 basis points, reaching 4.39% and 4.334% respectively. Investors are now closely monitoring upcoming economic data and Federal Reserve statements to gauge the potential long-term effects of Trump's proposed policies on the economy.
Russia's gold reserves have hit a historic milestone, surpassing $200 billion for the first time. In October, the country's gold holdings reached $207.7 billion, representing 32.9% of its total international reserves. This marks the highest proportion of gold in Russia's reserves since November 1999.
Gold prices have fallen to a seven-week low as the US dollar strengthens following Donald Trump's election victory. The precious metal has declined about 5.5% since the election, driven by a combination of factors including hedge fund position adjustments, shifting ETF flows, and technical selling. Despite this recent drop, gold remains up over 25% for the year, supported by Federal Reserve policies and geopolitical uncertainties.
WILL BITCOIN & CRYPTO REPLACE GOLD & SILVER: The Story Behind Tether & Is It Driving The Bitcoin Price??November 12, 2024
With Bitcoin reaching an all-time high of $90,000 yesterday, will Bitcoin and crypto replace Gold and silver? This thought has crossed the minds of many precious metals investors. I will provide my analysis of how this funny little stablecoin, Tether, seems to be impacting Bitcoin's price...
The world's largest gold-backed ETF, SPDR Gold Shares (GLD), experienced its biggest weekly outflow in over two years following Donald Trump's election victory. Investors, who had previously sought safety in gold due to election uncertainty, sold their positions to book profits after the definitive outcome. The outflow exceeded $1 billion, while spot gold prices fell 1.9% and total gold ETF holdings declined for the second consecutive week.
The Bank of Japan (BOJ) is exercising caution regarding potential interest rate hikes, as revealed in the summary of opinions from its October policy meeting. Board members emphasized the need for careful consideration, citing market instability and the uncertain trajectory of the U.S. economy post-election. While economists anticipate a rate move by January, the BOJ's lack of clear signals for December or January leaves observers speculating about the timing of the next policy adjustment.