Precious metals are apparently waking up. And here is where you can find the best deals.
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Jan 25, 2023 - 11:52:24 PST
Yuan sales could prop up the Russian economy as the nation's oil revenue plunges, thanks to the EU crude ban and $60 price cap.
Jan 25, 2023 - 11:51:12 PST
Each hypersonic advance demonstrates the need for the U.S. to accelerate testing, production and rapid deployment of hypersonic weapons to front-line forces.
German Foreign Minister Annalena Baerbock bluntly stated in fresh remarks that Western allies are fighting a war against Russia. The remarks came during a debate at the Parliamentary Assembly of the Council of Europe (PACE) on Tuesday amid discussions over sending Leopard 2 tanks to Ukraine.
While demand for gold is accelerating, total global production of gold has been flat for the past six years. That combination of flat output and increasing demand will put upward pressure on gold prices and act as a de facto floor under gold. Central banks tend to be opportunistic buyers and will definitely buy if any dips emerge.
1. Arbitrarily set the value of gold in the coins at $20,000 an ounce. Thus a coin containing 1/100th of an ounce is stamped with a value of 200 dollars. The value of a coin containing 1/1000th of an ounce is set at $20. The difference between the current price of gold and the $20,000 per ounce valuation in US dollars is the value of the coins being legal tender in the US.
Jan 25, 2023 - 08:32:17 PST
Next month, on the one-year anniversary of the start of Russia's full-scale invasion of Ukraine, South Africa will be hosting Russian and Chinese forces for a joint naval exercise. The timing of the drills — which were apparently planned during Russian President Vladimir Putin's unprovoked assault on Ukraine — have the U.S. "concerned," and will at the very least present South Africa with a diplomatic challenge as the world marks a year of brutal warfare with no end in sight.
Jan 25, 2023 - 08:31:03 PST
The Pentagon is planning to boost its production of artillery ammunition by 500% over the next two years as the US is depleting its military stockpiles by sending millions of shells to Ukraine, The New York Times reported Tuesday. Since Russia launched its invasion of Ukraine, the US has pledged to send Ukraine over one ...
Russia Furious Over 'Absurd, Extremely Dangerous' Decision To Send Tanks To UkraineJan 25, 2023 - 08:21:12 PST
"The United States has unequivocally stated its desire to inflict a strategic defeat on Russia. It is impossible not to notice the reality," the ministry added, Tass reported.
Data for the above chart is from the Fed's H.6 Money Stock Report, released January 24.
Jan 25, 2023 - 07:43:15 PST
U.S. oil refining margins, also known as the 3-2-1 crack spread, jumped to a three-month high on Tuesday — and that’s an indication the country faces an ongoing product shortage that might lead to higher gasoline and diesel prices at the pump.
Jan 25, 2023 - 07:37:54 PST
The Refinance Index increased 3.15 percent from the previous week and was 77 percent lower than the same week one year ago. The unadjusted Purchase Index decreased 1 percent compared with the previous week and was 39 percent lower than the same week one year ago.
The first ever contraction in broad money should not be taken as a sign deflation is around the corner. On the contrary, a closer look broad money’s components shows inflationary forces are alive and well.
As interest rates have risen to combat inflation, the investment bank forecasted that four US cities should prepare for a seismic decline.
Republicans have pledged to cut spending and balance the budget, triggering a delicate conversation on the future of Americans’ benefits.
Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S. fourth-quarter economic growth figures.
The crypto collapse and FTX fiasco has been a good reminder that the grass isn't always greener on the other side of the fence.
Inflation Is Cooling, but Prices on Many Items Are Going to Stay High for MonthsJan 25, 2023 - 06:12:24 PST
As costs fall, some companies are still locked into long-term contracts or are boosting profits rather than lowering prices.
Investors have added about $135 billion to global money-market funds over the past four weeks, according to EPFR data through Jan. 18. That is the best stretch since the four-week period ended May 2020, when those funds logged roughly $175 billion in net inflows.
Jan 25, 2023 - 06:08:04 PST
Having rallied 30% in two weeks, Bitcoin is taking a pause. But a busy few days of macroeconomic news could usher in more volatility.
European Union lawmakers have voted in favor of a draft bill that imposes stricter capital requirements on banks holding crypto assets.