As inflation continues to put the squeeze on consumers, precious metals markets are back on the move. Gold prices are up 2.7% this week and currently trade at $2,375 an ounce as of this Friday morning recording. A solid close above the $2,...
As central bankers waver on rate cuts, precious metals markets continue to pull back. On Wednesday, the Federal Reserve opted to leave interest rates unchanged. Given the spate of recent hotter-than-expected readings on inflation,...
On Thursday, the Commerce Department released its estimate of Gross Domestic Product for the first quarter. GDP growth came in at a disappointing 1.6% -- well short of the 2.3% consensus forecast.
Gold and silver are both showing resilience this week as gold recovered back to the $2,400 following a short-lived correction, and silver is trading above $28.50.
As inflation continues to come in hotter than expected, gold and silver markets continue to gain upside momentum, although today’s market action is very wild.
Coming up don’t miss an exclusive interview with Corey Maita from MintID. Money Metals’ Mike Maharrey talks to Corey about how he has used unique technologies and innovation to fill gaps in the retail bullion market and how he’s created...
Well, we’re seeing another big move in the gold market. The monetary metal reached a new record high on Thursday to close out this holiday-shortened trading week. Gold finished the week, the month, and the quarter on a high note at $2,243...
As the Federal Reserve confirms plans to cut interest rates later this year, Jay Powell’s shifty stance on inflation has left many Fed watchers scratching their heads – and others crying foul.
This week’s Consumer Price Index report showed the CPI rising 0.4% in February. That was the largest increase since last September. Higher gas prices and housing costs were major contributors.
This week investors are witnessing a historic move in gold prices. The precious metal finally broke above a longstanding overhead resistance level to reach new all-time highs.