The ECB accelerated its asset purchases, but unless the Fed follows suit, gold may continue its bearish trend. On Thursday (Mar. 11), the European Central Bank decided to accelerate its asset buying under the Pandemic Emergency Purchase...
The U.S. CPI inflation rate rose 0.4% in February, following a 0.3% increase in January. The jump was driven by a 6.4% spike in gasoline prices. The core CPI rose 0.1%, following no change in the preceding month.
There is a weakness in the U.S. dollar. Let’s start off by taking a look at the chart below. As you can see, the broad trade-weighted dollar index has been declining recently. Since its peak in late March 2020, the greenback has lost...
Gold remains inert to President Biden’s large and hazardous economic plan, and ended up dropping below $1,700. President Joe Biden’s $1.9 trillion COVID-19 stimulus is coming! On Saturday, the U.S. Senate passed the American Rescue Plan on...
Gold remains in a bearish trend as economic confidence has improved, however, inflation can change all that around. The chart presenting gold prices in 2021 doesn’t look too encouraging. The yellow metal continued its bearish trend at the...
The economy seems to be recovering, while bond yields are increasing again, sending gold prices down. Not good. Gold bulls can be truly upset. The yellow metal continued its bearish trend last week. As the chart below shows, the price of...
The United States is strongly polarized, with blue versus red, liberals versus conservatives, and so on. People are divided along many lines, but the biggest division line is between those who count decades from 0 to 9 and those who count...
On Tuesday, Powell testified before the United States Senate Committee on Banking, Housing, and Urban Affairs. He offered no big surprises, so the markets were little changed. But the price of gold ended that day with a slight loss, as the...
Last week, the Federal Open Market Committee (FOMC) published minutes from its last meeting in January . They reveal that Fed officials became more optimistic about the economy than they were in December. The main reasons behind the more...
Under the Biden administration the economy could overheat, thereby increasing inflation and the price of gold. In January, Biden unveiled his plan for stimulating the economy, which is struggling as the epidemic in the U.S. continues to...