Latest Precious Metal News

March 16, 2024

The probability of a recession is "extremely elevated," according to the chief economist, as the economy appears set to experience a surge in unemployment and a significant downturn in consumer spending.
The likelihood of the economy sliding into a recession is "very significant," as the US braces for an uptick in unemployment and a notable decline in consumer spending.
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March 8, 2024

NYCB continues its decline following the most recent series of credit downgrades.
New York Community Bancorp experienced a second consecutive day of decline following rating downgrades, posing a threat to the bank's borrowing costs. The company's shares dropped by 23%, reaching the lowest level since 1996, after a 26% plunge on the previous Friday.
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March 8, 2024

Federal Reserve Chair Keeps Mum on Removal of Gold by Foreign Nations from the United States.
Amidst concerns about a weaponized financial system, several nations are indicating plans to repatriate their gold and other assets from the U.S. following unprecedented Western sanctions on Russia
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March 8, 2024

Gold surges beyond the $2,100 mark, reaching an all-time high, fueled by traders' speculation on forthcoming interest rate cuts.
On Monday, gold futures reached their highest-ever level as traders speculated that the Federal Reserve would commence interest rate cuts in the latter half of the year.
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March 8, 2024

US banks prepare for imminent changes
In recent weeks, an unprecedented shift has unfolded in the metals market, coinciding with noteworthy events in the banking sector that demand our attention.
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March 4, 2024

The global economic outlook teeters on a delicate balance, largely contingent on the trajectory of inflation.
Despite signs of inflation easing, there exists the potential for a second surge in price pressures fueled by geopolitical conflicts and disruptions in the Red Sea's supply chains.
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March 4, 2024

Top economist Torsten Slok asserts that the Federal Reserve will not be reducing interest rates this year.
Apollo Management Chief Economist Torsten Slok has asserted that the Federal Reserve won't be inclined to reduce interest rates in 2024 due to the re-acceleration of the US economy and a concurrent uptick in underlying inflation.
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March 4, 2024

A prominent professor from Wharton warns that the $34 trillion debt could lead to a meltdown in 2025 if mortgage rates surpass 7%, potentially derailing the upcoming administration.
Among the distinguished names displayed on the doors of Ivy League business schools, one stands out – Joao Gomes. As a finance professor at the Wharton Business School, Gomes is sounding an alarm that many of his colleagues have chosen to overlook: the mounting public debt in America.
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February 26, 2024

The discussion is once again including the possibility of Federal Reserve rate hikes.
As 2023 drew to a close, stock markets surged, and economists rejoiced amid growing talk of an impending soft landing, fueled by speculation of imminent interest-rate cuts.
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