US Treasuries Boom: Paying Out $2 Million Per Minute Amidst Rising Yields
GoldSilve.com
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5h ago
US Treasuries are generating unprecedented returns, paying out about $2 million per minute in interest, as yields have surged to over 4% from virtually zero just two years ago. This dramatic shift, spurred by rate hikes from the Federal Reserve, has revitalized Treasuries as a stable source of income, reflecting their traditional economic role. Last year alone, interest payments on US government debt nearly doubled the decade's average to $900 billion, with projections from the Congressional Budget Office expecting this figure to continue rising annually ..read more
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Gold's Rally Pauses As Market Consolidates
GoldSilve.com
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5h ago
Gold's price rebound has stalled this week, remaining capped below $2330 as it shows little response to US bond yields, the US dollar, or recent geopolitical developments. The market has entered a phase of consolidation, maintaining a narrow trading range with support near $2286 and resistance at $2330. Despite the general upward momentum, gold has struggled to break above the $2330 mark, largely unaffected by stable US bond yields and the dollar, as well as ongoing geopolitical tensions. For now, traders are favoring a range-bound strategy until a clear directional signal emerges ..read more
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China’s Aging Population Catalyzes a New Era in Gold Jewelry Demand
GoldSilve.com
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5h ago
China's "silver economy," driven by the middle-aged and elderly populations, is sparking a new gold rush. In 2023, retail sales from large-scale jewelry enterprises soared to 331 billion RMB ($45.7 billion), marking a 13.3% year-over-year increase, one of the highest growth rates across consumer goods. This surge in demand, both for personal adornment and investment, has prompted a significant uptick in new business registrations in the jewelry sector. Over 2.6 million new companies were registered from January to October 2023 alone, demonstrating an 89.9% increase from the previous year ..read more
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2024 U.S. Election: A Turning Point for Gold and Other Key Commodities
GoldSilve.com
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5h ago
The upcoming 2024 U.S. presidential election is poised to significantly influence the markets for gold, silver, Platinum Group Metals (PGMs), copper, and crude oil. Regardless of whether the current political balance of power remains or shifts, the anticipated policy debates and adjustments in response to public opinion are expected to shape market dynamics. Notably, a potential change in administration could lead to reduced environmental spending impacting copper and silver negatively, while possibly benefiting PGMs and fossil fuels. The election's outcome will also affect America's foreign p ..read more
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Gold and Copper Shine Bright: The Start of a Prolonged Bull Market
GoldSilve.com
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5h ago
In the midst of escalating geopolitical tensions, gold and copper have become key commodities, not just weathering market volatility but flourishing. Gold, a long-established safe-haven asset, has seen prices soar to near record highs due to its appeal in uncertain times, with central banks, especially in emerging markets, significantly boosting their reserves—290 tons in the first quarter of 2024 alone, a record according to the World Gold Council. This trend underscores a strategic pivot towards gold as a reserve currency, moving away from the U.S. dollar, and suggests that both gold and cop ..read more
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U.S. Debt Crisis: Gen Z to Face Financial Challenges, Says Ex-White House Economist
GoldSilve.com
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1d ago
The U.S. debt is escalating to unprecedented levels, and according to a former White House economist, Generation Z will bear the financial brunt of this burden, which has been exacerbated by previous generations and worsened by the Treasury Department's missed opportunities to mitigate the impact ..read more
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Silver: "A Quadruple From Here Is LOGICAL"
GoldSilve.com
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1d ago
Are you ready to witness the potential explosion in silver prices ..read more
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Oil Volatility Hits Multiyear Low as Threat of Mideast Conflict Lowers
GoldSilve.com
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1d ago
Crude oil's geopolitical risk premium, a surge in price due to fears of a broader Middle East conflict, has disappeared as tensions between Israel and Iran have eased. With the diminished threat of conflict, market volatility has returned to multiyear lows, and the options market now leans towards puts, indicating reduced expectations of price spikes. Factors like interest rates, OPEC+ supply adjustments, and global demand now dominate pricing considerations. According to Tanvir Sandhu from Bloomberg Intelligence, the likelihood of Brent crude reaching $100 by the year's end has dropped signif ..read more
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U.S. Treasuries Yield $2 Million Per Minute as Rates Soar
GoldSilve.com
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1d ago
U.S. Treasuries are generating substantial income for investors, marking a significant turnaround from nearly two decades of low returns due to zero-rate policies. As benchmark rates climbed from nearly 0% to over 5% within just two years, investors now see a reliable source of income in these government bonds. Last year, investors earned nearly $900 billion from U.S. government debt, a figure that's double the average of the previous decade. Moreover, over 90% of Treasuries now offer coupons of at least 4%, providing a strong buffer against potential rate hikes. This resurgence highlights Tre ..read more
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Weak U.S. Jobs Report Boosts Gold Prices As Many Speculate About Fed Rate Cuts
GoldSilve.com
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1d ago
Gold prices rose on Monday due to a weakening U.S. dollar, following a disappointing U.S. jobs report that raised the possibility of the Federal Reserve cutting interest rates. Spot gold increased by 0.8% to $2,320.33 per ounce, while U.S. gold futures rose by 0.9% to $2,329.10. The underwhelming job growth and slowing wage increases suggest room for potential rate reductions by the Fed in 2024, according to Ricardo Evangelista, a senior analyst at ActivTrades ..read more
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