Stocks Head For Worst Week Since March 2023The stock market is experiencing its worst weekly decline since March 2023, with the S&P 500 and Nasdaq falling sharply following a disappointing August jobs report. The labor market data showed fewer job additions than expected and downward revisions for previous months, raising concerns about economic cooling. This has led to increased volatility in both […] READ MORE Gold Prices Poised for Weekly Gain Ahead of Fed Decision CatalystGold prices are holding steady above $2,500 per ounce as investors eagerly await US economic data, particularly the payrolls report, which could significantly influence the Federal Reserve’s decision on interest rate cuts this month. Recent weak job market data has increased expectations for rate cuts, typically beneficial for gold as a non-interest-bearing asset. The precious […] READ MORE Election Jitters Keep Metals Market in Check, Says CitigroupThe upcoming US presidential election is creating uncertainty in the metals market, potentially limiting price gains until after November. Citigroup analysts suggest that factors like Federal Reserve rate cuts, China’s economic policies, and global manufacturing sentiment will have a more positive impact on metals prices in late 2024 or early 2025, once the election is […] READ MORE August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobsThe US economy added 142,000 nonfarm payroll jobs in August, falling short of the 165,000 expected by economists. However, this was higher than July’s revised figure of 89,000 jobs. The unemployment rate decreased to 4.2% from 4.3% in July. Wage growth increased to 3.8% year-over-year, up from 3.6% in July, with a monthly increase of […] READ MORE How China's Youth Are Reviving the Precious Metal MarketChina’s young consumers are increasingly turning to gold jewelry as both a fashion statement and an investment. This trend is driven by a combination of factors, including rising gold prices, cultural resonance with traditional Chinese designs, and the perception of gold as a stable store of value. Many young buyers are attracted to gold jewelry […] READ MORE Precious Metal Continue Climbing on Expectations of Rate ReductionGold is up 1% to near one-week highs on Thursday, driven by a weaker U.S. dollar and lower yields following signs of a cooling labor market. Investors are now anticipating a potentially larger-than-expected interest rate cut from the Federal Reserve this month. Recent data showing a decline in private sector hiring and job openings has […] READ MORE World Gold Council: Gold's Shines August Rally ContinuesGold prices continued their upward trajectory in August, reaching a new all-time high before settling at $2,513/oz, a 3.6% increase for the month. This rise was primarily driven by a weaker US dollar and lower Treasury yields as the Federal Reserve hinted at potential rate cuts. Additionally, India’s reduction in gold import duties boosted demand, […] READ MORE "Quietest All-Time High For Gold Ever…But Get Ready" – Mike MaloneyReporting from the Limitless conference in Dallas, Mike Maloney discusses the unsettling calm in the gold market as it reaches unprecedented highs. READ MORE Oaktree's Marks Forecasts 3-4% 'New Normal' for US Interest RatesHoward Marks, co-chairman of Oaktree Capital Management, predicts that US interest rates will stabilize between 3% and 4% after the Federal Reserve’s upcoming rate cuts. Speaking at a conference in Melbourne, Marks suggests that while the Fed will reduce rates from their current “emergency” levels, they won’t return to the near-zero rates seen in recent […] READ MORE « Previous 1 … 13 14 15 16 17 … 201 Next »