The close movement between gold and the dollar, typically seen as defensive assets, is currently signaling a potential deep correction in the S&P 500. Historically, when these two assets converge in behavior, it often precedes significant downturns in the stock market, suggesting that investors should brace for possible declines ..read more

U.S. inflation edged up in March, meeting expectations and reinforcing the view that the Federal Reserve will likely hold off on interest rate cuts until September. The personal consumption expenditures (PCE) price index rose by 0.3% last month, the same as in February, according to the Commerce Department's Bureau of Economic Analysis. This steady increase, in line with market forecasts, suggests that the central bank will maintain its current rate policy for the time being ..read more

Not all gold is created equal. Here's what you need to know about gold and silver jewelry ..read more

Traders are increasingly betting on the U.S. Federal Reserve initiating its first interest rate cut of the year in September, following a recent government inflation report. This report, which indicated that the U.S. personal consumption expenditures (PCE) price index rose by 0.3% from February to March, has influenced interest rate futures prices. These now suggest a 65% probability of a rate cut during the Fed's mid-September meeting, a noticeable increase from the previous likelihood of less than 60 ..read more

Inflation persisted in March, as revealed by the Federal Reserve's closely monitored personal consumption expenditures (PCE) price index. Excluding food and energy, the core PCE index rose by 2.8% year-over-year, surpassing the anticipated 2.7%, according to the Commerce Department. Including these volatile categories, the overall PCE index also exceeded expectations, climbing 2.7% compared to a forecasted 2.6%. Despite these figures indicating sustained inflationary pressure, market response was muted, with Treasury yields dipping slightly and Wall Street poised for a positive open ..read more

Gold is on track for a weekly loss as U.S. inflation worries dampen demand, despite a modest increase ahead of critical inflation data due this Friday. The anticipated personal consumption expenditures index is expected to confirm that March continued to see high price pressures. Heightened inflation has raised doubts about the Federal Reserve's ability to lower borrowing costs, which has boosted Treasury yields—a negative for gold, which yields no interest. Compounding concerns, a recent report showing U.S. GDP growth falling short of expectations has reignited fears of stagflation, character ..read more

The U.S. economy experienced its slowest growth in nearly two years last quarter, accompanied by a notable increase in inflation, which dampened hopes for a soft landing. The Bureau of Economic Analysis reported that the Gross Domestic Product (GDP) grew at an annualized rate of 1.6%, falling below all economists' forecasts. The primary driver of economic growth, personal spending, increased at a modest 2.5% rate, which was less than expected. Additionally, a widening trade deficit contributed to the slowdown, marking the largest subtraction from growth since 2022. Inflation also showed signs ..read more

Discover the latest trends in residential and commercial real estate that could reshape the entire banking sector ..read more

Gold's remarkable rise this year had analysts scratching their heads until a new force was identified: Chinese retail investors swarming the Shanghai Futures Exchange (SHFE). Despite headwinds like increasing Treasury yields and a robust dollar, trading volumes on the SHFE tripled, propelling gold prices upward. China's long-standing connection to gold, coupled with recent market uncertainty, has contributed to this surge, indicating a major shift in gold trading patterns. However, as gold prices fluctuate, questions persist about the SHFE's broader impact on the global gold market ..read more

As 2024 unfolds, the anticipation that the U.S. Federal Reserve might reduce interest rates has waned. Initially, the consensus was that a rate cut was imminent; however, four months into the year, the Fed's updated stance suggests no rush to lower rates, supported by a stronger-than-expected U.S. economy and persistent inflation. This cautious approach by the Fed is not just a concern for analysts and investors. Central bankers globally, particularly in Southeast Asia, are scrutinizing the Fed's moves closely. Their decisions on whether to adjust interest rates hinge significantly on the Fed ..read more