Latest Precious Metal News

January 31, 2024

Recession Probability has significant resurgence chances to over 70%
With the recent media focus on a potential "soft landing" for the U.S. economy, we had expected to find that the odds of a recession had continued to decline over the past six weeks. However, this has not been the case. Instead, we find that the probability of recession has increased since our previous report.
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January 31, 2024

New BRICS member announced and no surprise, its Saudi Arabia
Following the 2023 BRICS annual summit, Saudi Arabia was invited to join the alliance. However, there were some concerns about whether or not the country would accept the invitation.
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January 30, 2024

Bond Fund Manager Expresses Skepticism Over Unemployment Data, Calling It 'Unbelievable'
Amid a growing list of major company layoffs in 2024, billionaire bond fund manager Jeffrey Gundlach, also known as the "Bond King," has expressed skepticism about certain unemployment data
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January 30, 2024

The current gold-to-silver ratio suggests that silver is currently on sale and presents an attractive investment opportunity.

The gold:silver ratio indicates the number of silver ounces needed to purchase one ounce of gold, essentially expressing the price of gold in terms of silver. During precious metals bull markets, the ratio narrows as silver outperforms gold, while the opposite occurs during bear markets.

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January 30, 2024

JPMorgan Chase CEO Jamie Dimon warns Washington of a potential global market "rebellion" due to the record-high U.S. debt. Dimon emphasizes the urgency of the situation, comparing it to driving at 60 mph toward a "cliff."
The global economy is headed toward a dangerous precipice due to soaring government debt, warns JPMorgan Chase CEO Jamie Dimon. He believes this unsustainable trajectory will culminate in a severe market downturn and a loss of trust in government institutions.

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January 22, 2024

Bankruptcies in the United States Reach 13-Year Peak Amidst Forecasts of a Major Recession by 'Bond King' Jeffrey Gundlach

Last year, corporate bankruptcies in the United States reached a 13-year peak as companies grappled with the challenges of staying afloat amid elevated interest rates and escalating labor costs.

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January 22, 2024

UBS predicts a 10% surge in gold prices this year amid speculation about potential rate cuts
Gold prices have the potential to finish the year approximately 10% higher than current levels, according to UBS strategists.
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January 22, 2024

The Momentum of Central Banks' Gold Purchases Expected to Persist in 2024
The initial half of 2023 witnessed a historic surge in central bank gold purchases, primarily led by China and Russia. Notably, the World Gold Council reported a remarkable increase compared to the preceding year
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January 22, 2024

The BRICS bank is set to unveil bonds denominated in local currencies
The BRICS bank is set to unveil bonds denominated in local currencies, departing from the US dollar, as part of its initiative to enter global markets. This move by the coalition of prominent emerging markets signifies a shift towards making these bonds accessible in local currencies.
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