After several brutal weeks of selling in precious metals markets, bulls are seeking a catalyst for a potential turning point. They may have gotten one via currency markets.
Another pair of alarming inflation reports jolted markets this week. On Wednesday, the Consumer Price Index came in at a 9.1% annual rate. The higher-than-expected reading puts the CPI at a new 41-year high.
Fears of further Fed tightening continue to weigh on metals markets. On Wednesday, the Federal Reserve released the minutes from its most recent policy meeting. As CNBC reported, central bankers remain fixated on inflation.
Well, what a week for the gold market! The monetary metal gained $30 on Thursday to close at $1,900 for the first time since last spring, and silver battled back to $24 per ounce.
For precious metals investors, 2021 will rank as a disappointing year – at least in terms of price performance. Gold and silver lagged behind the stock market as well as broad commodity indexes.
Even as Omicron casts a smidge of doom over markets and upcoming Christmas celebrations, precious metals investors are feeling at least some holiday cheer this week.
Precious metals markets pulled back a bit this week as the U.S. dollar strengthened versus foreign currencies. In other markets, the rising dollar index put downward pressure on crude oil and gasoline futuresthis week. Consumers who have...
As Congress finally came to an agreement yesterday to temporarily lift the debt ceiling, investors breathed a sigh of relief. The stock market bounced and commodity indexes ran up to new multi-year highs.
As trading kicks off for the month of October, many investors are looking for a place to hide. The U.S. stock market got slammed on Thursday to finish out the month and the quarter on a down note. The S&P 500 fell 5% overall in...
Will this September be one to remember in the markets? It is often characterized by rising volatility heading into the fall. September also often ushers in a period of seasonal strength for precious metals markets.