20th December 2024

Cooler inflation data: gold price on the rise

Gold prices up moderately in U.S. trading today, following a cooler-than-expected inflation-related report. The report on U.S. personal income and spending in November showed an increase in PCE inflation of 2.4 percent year-on-year, with a core PCE rate of 2.8 percent: slightly lower data than expected.
Source: Kitco News

19th December 2024

Fed turn: dollar and US treasury bonds soar

Gold and silver fell slightly in early U.S. trading today following the surprising change of course by the U.S. central bank. U.S. stock index futures stabilized overnight following the Fed's decision to cut rates by only 50 basis points in 2025, rather than 100 as originally planned. U.S. dollar and Treasury bond yields strengthened.
Source: Kitco News

18th December 2024

Trump inauguration: it's a fight against time before the tycoon's return

The recent surge in geopolitical developments does not seem a coincidence: many issues to be resolved before Donald Trump's return to the White House. Interestingly, markets have been stable in the face of tensions in Syria and the escalating Russian-Ukrainian conflict, with gold and oil prices essentially unchanged. However, with the adoption of a new sanctions package against Russia by the EU and the promise of retaliation on the U.S. ceiling price for Russian oil, the risk of increased volatility and a new wave of inflation remains high.
Source: Kitco News