Credit from banks is contracting for the initial time since the Great Recession, signaling a warning sign for the economy.
An important indicator of the economic well-being in the United States has entered negative territory
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Latest Precious Metal News
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BRICS: The U.S. Dollar Takes the Bottom Spot in the Top 10 Currency Ranking
BRICS, along with several developing nations, seek to remove the U.S. dollar from its position as the global reserve currencyRead now -
Understanding of the distinctions between acquiring physical metals and paper metal products like ETFs.
Many individuals lack an understanding of the distinctions between acquiring physical gold, silver, or other precious metals and investing in paper metal products like gold or silver-based ETFs.Read now -
Buying ETFs are risky for gold and silver vs. actual physical metals
Purchasing a bullion-backed exchange-traded fund (ETF) might seem innocuous at first glance.Read now -
Anticipating a Positive Trigger for a Resurgence in Silver Prices Outlook
Read nowIn a week marked by economic and geopolitical events, Spot Silver (XAG/USD) showcased resilience, concluding the week with minimal change at $23.19 per ounce.
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Citigroup to cut 20,000 employees due to lagging profits
Layoffs are part of Citigroup CEO Jane Fraser's ongoing efforts to streamline the company, reduce bureaucracy, and improve lagging profits.Read now -
Spain Bank chooses partners to implement CBDC testing
open call for partners to participate in central bank digital currency (CBDC) tests, Spain's central bank, Banco de España, has announced its collaborators. The resolution, published on January 3, reveals partnerships with Cecabank, Abanca, and Adhara Blockchain.Read now -
Silver price predictions for the end of 2024 by AI
Silver, having retreated from its December peak of $24.60, is currently exhibiting signs of a rebound.Read now -
The economy no longer has a financial cushion
Read nowConsumers amassed substantial cash balances during the pandemic, resulting from reduced spending and government-issued stimulus checks. Initially perceived as a cushion for the slowing U.S. economy, this cash was expected to provide consumers with flexibility to sustain spending amidst tightening financial conditions.
