It ain’t political…
It ain't political, it's structural: End the Fed, impose some external budget constraint. Until then, we uniparty right off the fiscal cliff. https://t.co/0VBEMsQdef
— Peter St Onge, Ph.D. (@profstonge) April 20, 2023
It ain't political, it's structural: End the Fed, impose some external budget constraint. Until then, we uniparty right off the fiscal cliff. https://t.co/0VBEMsQdef
— Peter St Onge, Ph.D. (@profstonge) April 20, 2023
Gold powers to an all-time high The stars are aligned for gold prices to continue to rise A lower dollar, aggressive monetary policy easing, ultra-low interest rates, negative US real yields, fiscal stimulus and the technical outlook all support gold prices Nonetheless, positioning does remain extreme which could encourage volatility Introduction – Will gold break…
Source: By Bart Melek, Global Head of Commodity Strategy, TD Securities After over a decade scraping the bottom, 12-month gold lease rates have moved distinctively higher to trend above 50 bps, as US monetary policy started to tighten aggressively. With the Fed continuing to take rates higher in the face of sky-high inflation, real interest…
The U.S. dollar’s longstanding status as the world’s reserve currency is at risk after the greenback’s weakening by unprecedented government efforts to shore up the economy during the COVID-19 pandemic, according to Goldman Sachs Group Inc. Ballooning federal debt levels and a potential shift in favor of inflation at the Federal Reserve amid increased geopolitical hostilities, domestic unrest and an onslaught of new…
Silver failed to settle above the 50 EMA at $24.55 and is trying to gain downside momentum. Silver Failed To Gain Upside Momentum Despite Weaker U.S. Dollar Silver continues to trade below the 50 EMA at $24.55 while the U.S. dollar is losing ground against a broad basket of currencies. The U.S. Dollar Index failed…
Analysts at Citigroup have revised up their gold-price forecasts across the time horizons, given the latest relentless rise in the yellow metal to fresh record highs of $1981.34. Key quotes “Still further to go, short-term target $2,100, then $2,300 in 6 to 12 months.” “Prices seem biased to stay higher for longer, with 2019-2020 emerging…
LONDON, Feb 10 (Reuters) – Platinum, palladium and rhodium used by the auto industry to filter emissions from engine exhausts were all in short supply last year, data from specialist materials firm Johnson Matthey showed on Wednesday, as prices for the metals soared. Supply shortfalls have driven rapid price gains, with platinum trading at six-year…