How To Stop The BRICS Nations From Abandoning The Dollar
How To Stop The BRICS Nations From Abandoning The Dollar Authored by Patrick Barron via The Mises Institute, The US government is aghast that there is a new grouping of nations that seeks to form an alternative to the US trade bloc and trade settlement system that uses the dollar. These nations have been driven […]
Gold Breaks Free: Technical Breakout Targets $2,800
Gold has emerged from its December wedge pattern with strong bullish momentum following the U.S. presidential transition. The precious metal has decisively broken above significant resistance at $2,721, marking an end to its recent period of indecision and stagnation. Technical analysis, supported by MACD momentum indicators, suggests a healthy uptrend with $2,800 as the next […]
TikTok Owner ByteDance Plans $12 Billion AI Chip Investing Spree; Trump Unveils “Stargate” Project
TikTok Owner ByteDance Plans $12 Billion AI Chip Investing Spree; Trump Unveils “Stargate” Project Shortly after President Donald Trump revealed the “Stargate” project—a joint venture between OpenAI, Softbank, and Oracle aimed at investing tens of billions of dollars to bolster America’s artificial intelligence infrastructure—a new report from the Financial Times stated that ByteDance, the owner of TikTok, […]
Dollar Weakness Propels Gold Toward $2,800 Milestone
Gold prices are approaching record highs as markets react positively to President Trump’s measured approach to tariffs in his first days in office. Despite campaign promises, Trump’s first 24 hours in office have been marked by a more gradual approach to tariffs, with targeted threats rather than immediate universal implementation. This measured stance has weakened […]
Record COMEX Inflows as Gold Navigates Market Uncertainty
The precious metals market is experiencing significant shifts across multiple fronts. US gold jewelry demand is heading for a fourth consecutive year of decline, highlighted by Signet Jewelers’ 12% Q4 sales drop, reflecting a broader trend of consumers shifting to lower-carat gold products amid high prices. Global jewelry demand remains below 2021 levels, down 10% […]
Mortgage Rates Break Six-Week Climb as Treasury Yields Ease
US mortgage rates experienced their first decline in six weeks, falling 7 basis points to 7.02%, according to the Mortgage Bankers Association’s latest data. The decrease has helped sustain home purchase applications at their highest level in a year, with the purchase index rising 0.6%. The drop in rates mirrors falling Treasury yields, sparked by […]
Allianz: Traditional Gold Drivers Give Way to New Forces
Gold’s traditional market drivers are evolving, with fiscal concerns and geopolitical risks replacing historical factors like US dollar weakness and real yields. The precious metal has demonstrated remarkable strength, outperforming other major asset classes since late 2022, despite economic conditions that typically favor riskier assets. Looking ahead to 2025, gold’s outlook remains positive, driven by […]
Gold Rises Above $2,750 as Trump's Tariffs Spark Inflation Fears
Gold prices experienced a dramatic surge, jumping nearly 2% on Tuesday and extending gains to $2,750 per ounce following Donald Trump’s first day back in office. The precious metal’s rally was fueled by the new president’s signing of over 200 executive orders, particularly those related to tariffs, which markets fear could reignite inflation. This breakthrough […]
JPMorgan Execs Bullish on US Economy Despite Inflation Concerns
At the 2025 Davos forum, JPMorgan’s top executives struck an optimistic tone about the US economic outlook, while maintaining a careful eye on inflation risks. President Daniel Pinto expressed confidence in the current economic cycle’s sustainability, though he emphasized that inflation remains a potential concern. This positive outlook was reinforced by Filippo Gori, head of […]
Ocean Rates Could Fall As Houthis Say They Will End Red Sea Attacks
Ocean Rates Could Fall As Houthis Say They Will End Red Sea Attacks By Stuart Chirls of FreightWaves Yemen’s Houthi rebels said they will cease attacks on Israel and on merchant shipping in the Red Sea as a ceasefire between Israel and Hamas took effect Sunday. “If Israel stops the aggression in Gaza, and if […]