As trading for the final month of 2023 kicks off, the gold market is pushing toward a historic breakout. The monetary metal rallied to $2,060 an ounce on Wednesday, marking its highest close of the year. It then gave back a few dollars on...
As markets reopen following the Thanksgiving holiday, investors are feeling thankful that interest rates are no longer rising.
Well, the more things change in Washington, the more they stay the same. Under the new leadership of House Speaker Mike Johnson, Congress passed a stopgap funding bill on Tuesday to once again avert a government shutdown. It was quickly...
As central bankers stubbornly refuse to admit they are done hiking interest rates, precious metals markets are wavering.
As the Federal Reserve puts a hold on interest rates, investors have to ask themselves whether the elevated inflation rate is also on hold.
Well, if you believe the reporting coming out of the mainstream financial media, then the economy is going gangbusters. Third quarter GDP came in on Thursday at a better than expected 4.9%. That represents an acceleration of economic...
As financial markets gyrate, investors are finding safe haven in precious metals. The stock market sold off on Thursday on interest rate fears. It’s not so much the threat of additional rate hikes by the Federal Reserve that has investors...
Gold and silver markets held firm early in the week and now appear to be surging, despite volatility ramping up on Thursday. A hotter than expected inflation report helped trigger a spike in bond yields and a selloff in stocks.
Well, the shift in the calendar has so far failed to produce any shift in the trend for precious metals markets. Gold and silver are extending their recent price declines here in the first few trading days of October and of the fourth...
Precious metals markets got hammered earlier this week as interest rates continued their relentless march higher.