Gold Prices Pause Before Key Inflation Figures
Gold prices remain flat as markets brace for crucial US inflation figures. The upcoming CPI data could influence the Federal Reserve’s decision on interest rates and shape expectations for monetary policy in 2025. With spot gold at $2,695.91 per ounce, investors are closely watching for potential catalysts that could drive the precious metal’s next move.
Goldman Sachs: Gold to Reach $3,000 in 2025
Goldman Sachs predicts gold prices could soar to $3,000 per ounce by the end of 2025, despite potential increases in the U.S. dollar’s value. This forecast is based on expected interest rate cuts, heightened global uncertainty, and continued central bank buying. The analysts argue that gold can rally alongside a stronger dollar, challenging conventional wisdom. […]
Accounting Error Sends Macy’s Shares Tumbling; Goldman Calls Earnings “Disappointing”
Accounting Error Sends Macy’s Shares Tumbling; Goldman Calls Earnings “Disappointing” Macy’s reported its financial results for the third quarter on Wednesday and slashed its outlook after concluding an investigation into an employee who intentionally hid $151 million in delivery expenses from the fourth quarter of 2021 through the third quarter of this year. During an earnings […]
Here’s Who Owns US Debt
Here’s Who Owns US Debt U.S. gross debt increased from $34.4 trillion at the end of 2023 to $36.1 trillion as of December 2024, with some experts calling it unsustainable. In this graphic, Visual Capitalist’s Bruno Venditti brings a breakdown of U.S. debt composition, categorized by domestic and foreign investors as well as intragovernmental holdings. The data is sourced […]
Dalio Predicts Global Debt Crisis, Backs Bitcoin & Gold
Dalio Predicts Global Debt Crisis, Backs Bitcoin & Gold Authored by Helen Partz via CoinTelegraph.com, Billionaire investor Ray Dalio expressed concerns about a potential “pending debt money problem” in global finance and urged a shift toward hard assets like Bitcoin and gold. Dalio, the founder of one the world’s largest hedge funds, Bridgewater Associates, said […]
Walgreens Shares Spike Off 28-Year Lows On Private-Equity Interest; Report
Walgreens Shares Spike Off 28-Year Lows On Private-Equity Interest; Report Having plunged from over $105 billion market cap in 2015 to less than $8 billion currently (amid mounting pressures on both its pharmacy and retail businesses), it appears Walgreens Boots Alliance (WBA) has got cheap enough to spark private equity interest. The Wall Street Journal […]
Crackdown on Corruption: US and UK Target Illegal Gold Networks
The United States and the United Kingdom have imposed new sanctions targeting the illicit gold trade, which they claim funds Russian President Vladimir Putin’s war in Ukraine and fosters corruption. The UK froze the assets of five individuals, including Kamlesh Pattni, a businessman accused of smuggling gold and laundering money through a global network. These […]
Understanding The Implications Of The CME’s New 1oz Gold Futures
Understanding The Implications Of The CME’s New 1oz Gold Futures By Jesse Colombo of The Bubble Bubble Report CME Group Inc., the parent company of COMEX, the leading U.S. exchange for gold and silver futures, will introduce a one-ounce gold futures contract in January. This move comes in response to soaring demand from retail investors, […]
Americans Agree That Money Has Too Much Power In Congress
Americans Agree That Money Has Too Much Power In Congress The line between lobbying, political donations and corruption is perilously thin. While the former is sometimes referred to as “bribery in a suit” by critics, the key difference between the two is that lobbying is legal, while bribery as a form of corruption is not. […]
South Korea Slaps Travel Ban On President; Goldman Shows Possible Transition Scenarios
South Korea Slaps Travel Ban On President; Goldman Shows Possible Transition Scenarios South Korean equities slid, and the won approached its weakest level since 2009 on Monday, following last week’s political turmoil when President Yoon Suk Yeol briefly declared emergency martial law. President Yoon survived Saturday’s impeachment motion, but the Justice Ministry banned him from traveling overseas […]