Gold prices are on the rise once again, continuing a recovery that has lasted for the past three days. This recent surge can be attributed to the growing speculation that the Federal Reserve will increase interest rates by 50 basis points in September. The market is reacting to weak US economic data, hinting at a
The silver market is currently teetering on the edge of a significant bottom, with the prospect of a rally looming on the horizon. However, there are several market risks that could derail this expected upswing. One of the primary risks is economic uncertainty, characterized by stronger-than-expected global economic growth or sudden financial instability. These factors
Republican U.S. vice presidential candidate JD Vance expressed his support for Donald Trump’s assertion that presidents should have a say in Federal Reserve Board policy-making. According to Vance, Trump believes that the political leadership in the United States should play a more significant role in determining the country’s monetary policy. While past administrations have upheld
Despite recent turbulence in China’s bond market, there are still die-hard investors who remain confident in the strength of the bull market for government bonds. These investors point to factors such as China’s uncertain economic outlook, deflationary pressures, and a general lack of appetite for riskier assets as reasons to maintain a positive stance on
In light of recent allegations made by US-based shortseller Hindenburg Research against Madhabi Puri Buch, the head of Securities and Exchange Board of India (SEBI), it is crucial for investors to remain calm and exercise due diligence before reacting. The regulator has urged investors to not jump to conclusions based on reports and to wait
Mega events such as the Olympic Games or major concerts like Taylor Swift’s Eras tour often lead to a surge in demand for various goods and services, including hotel rooms and airline tickets. While this increased demand may result in rising prices in certain sectors, it is debated whether the average consumer feels the impact
When it comes to making financial decisions, performing due diligence is crucial. The information provided on websites, including news, analysis, and opinions, should be taken with a grain of salt. It is important to not blindly follow recommendations or advice without doing your own research and consulting with experts in the field. Your financial situation
Kamala Harris, the U.S. Vice President, made a statement in Nevada supporting the elimination of taxes on tips. This move is seen as an effort to appeal to service workers in the state and gain their support. Harris, along with her Democratic running mate Tim Walz, wrapped up a tour of battleground states, making promises
The recent announcement by the State Department regarding the provision of $3.5 billion to Israel for U.S. weapons and military equipment raises questions about the necessity of such financial aid. The timing of this release, following the appropriation by the U.S. Congress during Israel’s involvement in the war in Gaza, is suspicious and must be
In a recent legal battle, a federal appeals court extended an order blocking President Joe Biden’s administration from implementing a student debt relief plan aimed at reducing monthly payments for borrowers and expediting loan forgiveness for some. This decision came in response to a request by seven Republican-led states to halt the implementation of the
Recent data on initial jobless claims in the US has shown a decrease to 233,000, sparking optimism about the state of the labor market. This drop in claims has alleviated concerns about the weakening of the job market, as figures remain in line with previous years. The steady flow of layoffs, reflected in initial claims,
Despite Banxico’s surprising decision to lower rates by 25 basis points in a 3-2 split decision, the demand for the Mexican Peso continues to increase. This decision, signaling further easing ahead, comes amidst inflation risks and growth concerns in the country. The central bank’s projection for core inflation to dip below 4% by Q4 2024