Investors refuse to accept higher rates are here to stay – and that’s a problem for financial markets

Investors refuse to accept higher rates are here to stay – and that’s a problem for financial markets

Traders work on the floor at the New York Stock Exchange in New York, on Aug. 10.Seth Wenig/The Associated Press With interest rates rising, and rapidly so, the driving force that dictated decision making in financial markets for the past fifteen years is dying out. In a flash, disoriented investors have been exposed to a … Read more

Why Traders Have Started To Dump Crude

Why Traders Have Started To Dump Crude

US West Texas Intermediate crude oil futures are trading lower on Friday shortly after the release of a strong US Non-Farm Payrolls report that suggests the US is not in a recession and that the Fed is likely to continue on its aggressive rate hiking path. Prices have come under pressure this week as the … Read more

Gold to be the standout metal for the rest of 2022 – Bloomberg Intelligence

Gold to be the standout metal for the rest of 2022 – Bloomberg Intelligence

(Kitco News) Following another 75-basis-point hike from the Federal Reserve, gold looks to be the standout metal in the second half of the year, especially in light of lower industrial metals prices signaling deflationary forces coming back to the fore, according to Bloomberg Intelligence. Following the Fed’s July decision, gold jumped around $30, with August … Read more

Oil Prices Rise After US Fed Hikes Interest Rates

Oil Prices Rise After US Fed Hikes Interest Rates

Oil prices fell slightly on Wednesday following the 2:30p.m. EST Federal Reserve’s announcement of another hike in interest rates by three-quarters of a percentage point for the second time in a row, while Wall Street continued to flood in predictions as to what comes after this, while oil prices continue to climb. At 2:38 pm … Read more

The US is not in a recession, another ‘unusually large’ hike in September, followed by a slowdown — Fed Chair Powell

The US is not in a recession, another ‘unusually large’ hike in September, followed by a slowdown — Fed Chair Powell

(Kitco News) The US is currently not in a recession, according to Federal Reserve Chair Jerome Powell. And that means another “unusually large” rate hike could be in store in September, followed by a slowdown in tightening. Powell gave a press conference after the US central bank raised rates by 75 basis points for the … Read more

Fed’s upcoming rate decision is the moment gold price is waiting for – analysts

Fed’s upcoming rate decision is the moment gold price is waiting for – analysts

(Kitco News) After a major selloff, gold has been consolidating at the $1,700 an ounce level. And the upcoming Federal Reserve’s interest rate decision could be what gives the precious metal its new direction, according to analysts. Gold has kicked off the second half of the year on a disappointing note, dropping nearly 6% in … Read more

Gold looks good as the Fed will Pivot on Interest rates after the summer – Sprott’s John Hathaway

Gold looks good as the Fed will Pivot on Interest rates after the summer – Sprott’s John Hathaway

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 gold market has seen sharp declines in the last three months as the US dollar and bond yields have … Read more

Will gold survive another 75 basis point hike

Will gold survive another 75 basis point hike

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 gold market is ending a five-week losing streak and while sentiment appears to be shifting, some analysts say that … Read more

The Fed will ‘abandon’ tightening, causing gold to soar higher – Rich Checkan

The Fed will ‘abandon’ tightening, causing gold to soar higher – Rich Checkan

(Kitco News) – Gold’s performance has been tumultuous this year, with the war in Ukraine sending the metal above $2,000 per ounce. Recently, however, gold has fallen in price, and is down year-to-date by 7.8 percent. Spot gold is currently trading at $1,725. Speaking with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, Rich … Read more

Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

US stocks rose, but trimmed earlier gains, as investors focused on positive elements in the quarterly results of Goldman Sachs Group Inc. and Bank of America Corp. in an attempt to build upon upside momentum ahead of the Federal Reserve’s interest rate hike next week. How stocks are trading The Dow Jones Industrial Average DJIA … Read more