Fed Poised to Hold Rates Steady Despite Trump’s Pressure for Cuts
As Federal Reserve policymakers meet this week, they are expected to keep short-term interest rates steady, revealing a growing divide between Fed Chair Jerome Powell and President Trump. Trump pushes for deep rate cuts, citing a strong economy and low inflation, while the Fed and most economists argue that higher…
Fidelity Sees Gold Rising to $4,000 as Fed Eases and Dollar Weakens
Fidelity International predicts gold could reach $4,000 an ounce by the end of next year. This forecast is based on expectations that the Federal Reserve will cut interest rates to support the US economy, the US dollar will weaken, and central banks will continue buying gold. Despite some recent price…
Reuters Poll: Flight to Safety Lifts Gold and Silver Price Forecasts
A Reuters poll of 40 analysts and traders predicts gold will stay historically high as investors seek safety amid global trade tensions and rising U.S. debt. The median forecast places gold at about $3,220 per ounce in 2025 and $3,400 in 2026, up sharply from previous estimates. Spot gold has…
Retail Investors Flock to Risky Currency Trading as New “Meme” Market
A growing number of everyday investors are turning to foreign exchange (FX) trading, joining a market once seen as exclusive to professionals. Inspired by trade war volatility, social media, and online courses, retail traders like Samantha Greer, a lawyer from England, are making sizable bets on currency movements. However, FX…
Is True Value In Crypto Or Gold?
Is True Value In Crypto Or Gold? Authored by Christopher Whalen via DailyReckoning.com, With the Trump Administration headed down the road to higher inflation and the political chaos that results, it is worth asking why there are “only” $4 trillion in notional crypto tokens, this according to the Financial Times. The rise of bitcoin and […]
Fed Expected to Hold Rates, Signals on Future Cuts Remain Unclear
Despite President Trump’s vocal campaign for rate cuts, the Federal Reserve is expected to keep its benchmark interest rates unchanged at this week’s meeting. While two Republican Fed governors may dissent in favor of cuts, the Fed as a whole remains cautious due to ongoing uncertainties from tariffs and their…
Treasury Boosts Q3 Debt Borrowing Estimate To $1 Trillion From $554 Billion To Replenish Cash Balance
Treasury Boosts Q3 Debt Borrowing Estimate To $1 Trillion From $554 Billion To Replenish Cash Balance Earlier this afternoon, we wrote in our Treasury refunding preview that the Treasury’s latest borrowing estimate published today (which is also part 1 of the Refunding statement), would show a surge in current quarter funding needs by over $400 […]
Euro Plunges On Fears US-EU Deal Will Hammer European Economy
Euro Plunges On Fears US-EU Deal Will Hammer European Economy The announcement of a US-EU trade deal was supposed to send the euro soaring; instead the common currency suffered its steepest one-day drop against the dollar since May as Germany and France voiced fears that the long-awaited EU-US trade deal would hurt the European economy. […]
Gold Falls Below 50-Day Moving Average
Gold closed Friday down nearly 1%, dropping below its 50-day simple moving average ($3,341), a significant technical shift that signals a short-term bearish trend. The breach ended gold’s recent support level and puts downside targets near $3,310, $3,282, and $3,244 in focus. A rebound in the U.S. Dollar Index, driven…
New BRICS Currency Could Reshape Global Economy by 2026-27
The BRICS nations—Brazil, Russia, India, China, and South Africa—are moving forward with plans to create a shared digital currency by 2026-2027. This effort aims to reduce their reliance on the U.S. dollar and reshape the global monetary system. At their recent summit, leaders highlighted progress in using local currencies for…