News

Posted on November 19, 2024 by James Miller

Gold prices surged on Monday, increasing by 1.9% to $2,608.88 per ounce. Geopolitical tensions and a pause in the USD’s rise fueled demand for the high-demand asset after a week of losses. This rebound is prompted by concerns that US President-elect Trump’s proposed tariffs might drive inflation higher, influencing the Federal Reserve’s monetary policy. The […]

Posted on November 13, 2024 by James Miller

Gold prices increased slightly on Wednesday, aided by speculative purchases and a weakening U.S. dollar. This uptick comes despite inflation data revealing that the reduction in price pressures is slowing, suggesting the Federal Reserve may implement fewer interest rate cuts next year. By 9:54 a.m. ET, spot gold had risen 0.2% to $2,602.89 per ounce, […]

Posted on November 12, 2024 by James Miller

In response to Donald Trump’s re-election, China may implement significant economic policies to buffer against the expected negative impacts on its economy.  Predicted to face reduced growth due to Trump’s aggressive trade policies, including possible 60% tariffs on Chinese goods, China might strengthen its economic stance through fiscal and monetary stimulus measures. Economists suggest that […]

Posted on November 7, 2024 by James Miller

Japan chose U.S.-based artificial intelligence (AI) chip startup Tenstorrent to enhance its semiconductor industry by training a new generation of engineers.  Under a $50 million contract, up to 200 Japanese chip designers will work at Tenstorrent’s U.S. offices over the next five years, starting in April 2025. This initiative is part of Japan’s strategy to […]

Posted on November 4, 2024 by James Miller

Trump Media is facing a pivotal moment as the U.S. election approaches. Known for its direct link to Donald Trump, the company’s stock became a barometer for Trump’s electoral prospects. Despite a substantial loss, Trump Media maintains a high market capitalization. This has led to varied trading strategies among investors, with some seeing it as […]

Posted on November 1, 2024 by James Miller

Mortgage rates in the U.S. have risen to 6.73%, marking the highest level since late July, according to Mortgage Bankers Association (MBA) data released on Wednesday, Oct. 30. The rate on a 30-year fixed mortgage increased by 21 basis points in the week ending Oct. 25, leading to a fifth consecutive decline in refinancing applications. […]

Posted on October 31, 2024 by James Miller

Job openings fell to their lowest level since January 2021, with 7.44 million positions open at the end of September. The latest data from the Bureau of Labor Statistics, released on Wednesday, showed a drop from August’s revised figure of 7.86 million.  This decrease in job openings is being closely watched as the Federal Reserve […]

Posted on October 28, 2024 by James Miller

Gold and silver prices continued their upward trajectory this week. Gold futures soared past $2,760 per ounce, marking an over 30% increase since the start of the year. Meanwhile, silver prices also climbed, briefly surpassing $34 per ounce for the first time since 2012. The recent surge in gold and silver is largely driven by […]

Posted on October 24, 2024 by James Miller

Gold prices have seen a notable increase as investors turn to precious metals for their safe-haven qualities amidst global uncertainties. On Thursday, spot gold prices climbed 0.7% to reach $2,735.36 per ounce, mirroring a small rise in U.S. gold futures to $2,748.80. This surge is attributed to the ongoing geopolitical tensions in the Middle East […]

Posted on October 22, 2024 by James Miller

Oil prices increased 2% on Monday following a decline of nearly 8% last week. Brent crude rose above $74 a barrel, while West Texas Intermediate surpassed $70. The uptick comes as tensions in the Middle East escalated, with Israel planning retaliation against Iran after a missile attack at the start of October. Over the weekend, […]