Gas Price Crisis Overshadows A Crisis In Oil Prices

Gas Price Crisis Overshadows A Crisis In Oil Prices

There has been so much media space dedicated to the gas supply troubles of the European Union and the associated spillover effect for developing economies that another fossil fuel problem has remained relatively unnoticed: oil prices. Oil prices have been on a general decline over the past couple of months, shedding about 30 percent from … Read more

Core inflation shows no signs of relenting in US, raising odds of more big rate hikes

Core inflation shows no signs of relenting in US, raising odds of more big rate hikes

The Federal Reserve building in Washington on Aug. 22, 2018.CHRIS WATTIE/Reuters Inflation in the United States showed few signs of easing in September, reinforcing expectations that the Federal Reserve will deliver another oversized increase in interest rates next month and creating a political headache for the Biden administration ahead of key midterm elections. The US … Read more

Oil Prices Could Be Set For Another Sharp Rise

Oil Prices Could Be Set For Another Sharp Rise

It’s been a rough couple of weeks in the energy market. As potential energy company investors, we are not sorry to see the back of last week in particular. That’s the understatement of the year. Pretty near every negative sentiment-Recession, Fed tightening, Dollar strength, China demand, Inventory builds, or what amounts to the entire oil … Read more

China And Russia Move To Disrupt The Dollar’s Dominance In Oil Markets

China And Russia Move To Disrupt The Dollar’s Dominance In Oil Markets

The long-mooted prospect of the end of the US dollar’s hegemony in the global oil and gas markets took another step towards realization last week with the announcement that Russian and Chinese hydrocarbons giants, Gazprom and China National Petroleum Corporation (CNPC) have agreed to switch payments for gas supplies to rubles (RUB) and renminbi (RMB) … Read more

Nobel laureate in economics says Bitcoin’s true value is zero, gold is a ‘terrible’ inflation hedge – Eugene Fama

Nobel laureate in economics says Bitcoin’s true value is zero, gold is a ‘terrible’ inflation hedge – Eugene Fama

Bitcoin and gold are bad long-term investments, said Eugene Fama, 2013 Nobel laureate in economics and Professor of Finance at the University of Chicago. “This is a case where the market hasn’t figured out [Bitcoin] has no value,” he said. “At the moment, I guess even the crooks don’t transact and hold it. They’ll probably … Read more

Putin’s BRICS new currency could benefit gold and Bitcoin – analysts

Putin’s BRICS new currency could benefit gold and Bitcoin – analysts

(Kitco News) With the global de-dollarization trend accelerating, the two assets that could stand to benefit are gold and the crypto space, according to analysts. Earlier this summer, Russian President Vladimir Putin said that Brazil, Russia, India, China, and South Africa (BRICS) are developing a new basket-based reserve currency. “The issue of creating an international … Read more

Gold price would be $150 higher if not for the US dollar – Wells Fargo

Gold price would be 0 higher if not for the US dollar – Wells Fargo

(Kitco News) The US dollar has been the main culprit holding gold back this summer, but Wells Fargo still projects the precious metal to end the year above $2,000 an ounce. Despite this week’s gains, gold is still trading below $1,800 an ounce as markets await Federal Reserve Chair Jerome Powell’s keynote speech at the … Read more

Gold holding $1,700 as ECB raises interest rates but will US dollar weakness last

Gold holding ,700 as ECB raises interest rates but will US dollar weakness last

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The growing threat of inflation prompted the European Central Bank to surprise markets by raising interest rates across the board … Read more