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  • High Gold Prices Dampen Demand in Asia's Leading Markets
    on March 18, 2024 at 8:25 pm

    In some Asian markets, the demand for physical gold has declined due to high prices, leading consumers to reduce purchases. This shift has prompted dealers in key markets like India to offer substantial discounts, while in China, gold premiums have fallen to their lowest since July. Although the demand from consumers has weakened, there is still investor interest in gold as a safe haven, particularly in China, amid concerns about an uneven economic recovery. However, the People’s Bank of China is expected to keep its import policy unchanged unless there’s notable fluctuation in the RMB exchange rate.

  • A Break from Tradition: How the Fed's Recent Policies Have Cost US Households
    on March 18, 2024 at 8:22 pm

    The Federal Reserve’s recent interest rate hikes have deviated from the historical norm, resulting in a net loss in interest income for U.S. households for the first time in fifty years. While increases in the Fed’s rates typically lead to a net gain for households, the interest paid on mortgages, credit cards, and other debts has surged by nearly $420 billion since March 2022, overshadowing the $280 billion rise in interest income. This shift has led to a significant reduction in household net interest income, marking a departure from past trends. Although the impact of Fed policies on employment has not yet mirrored previous cycles, with no significant layoffs or wage stagnation observed, the decrease in net interest income has become a notable burden on consumer spending.

  • All Eyes on the Federal Reserve: What To Know This Week
    on March 18, 2024 at 8:18 pm

    As the Federal Reserve’s crucial March meeting approaches, U.S. stock indexes have retreated from record highs in anticipation. The key event on Wednesday will reveal the Fed’s latest monetary policy decision and economic forecasts. Investors are keenly awaiting to see if the Fed maintains its projection of three rate cuts in 2024, especially after recent inflation data indicated a slower than expected decline, adjusting market expectations for rate cuts from six to three this year. The outcome hinges on whether the Fed considers recent inflation trends significant enough to alter its monetary policy further.

  • Barron's: A New Buy Signal For Gold
    on March 18, 2024 at 8:14 pm

    Gold has shown promising signs of continued momentum, with recent technical indicators reinforcing bullish sentiments. After initially highlighting a bullish reversal in October 2023 and issuing a buy signal, the recommendation was adjusted to neutral in December when gold failed to maintain a close above $2100. The metal’s trajectory is now set on breaking out of a four-year base, potentially entering a new bull market with targets of $2400 in the short term and, following a monthly close above $2200, long-term projections range between $3600 to $4000, signaling strong buyer control and diminishing selling pressure.

  • Silver Prices Dip as Prospects of Early Fed Rate Cuts Diminish
    on March 18, 2024 at 8:08 pm

    The price of silver has experienced a pullback, trading around $25.10, after approaching the upper limit of its long-term range. This correction is likely attributed to adjusted expectations for U.S. interest rates, which are now anticipated to stay higher for an extended period. Given silver’s status as a non-yielding asset, higher interest rates increase the opportunity cost of holding it, especially in light of recent U.S. inflation data indicating persistently high inflation. This scenario postpones the likelihood of the Federal Reserve cutting interest rates, exerting downward pressure on silver prices.