What’s gold price outlook as markets shift from inflation to recession fears?

What’s gold price outlook as markets shift from inflation to recession fears?

(Kitco News) Gold’s volatility has been relatively low compared to other assets as the precious metal retains its “mild bull market” status and trades comfortably between $1,800-$1,900 an ounce. But don’t expect a gold price rally until some confidence returns to the marketplace, according to MKS PAMP. There is a shift in the market as … Read more

Canada inflation rises to near 40-year high

Canada inflation rises to near 40-year high

The Bank of Canada raised interest rates to 1.5% from 1.0% this month and said it was ready to act “more forcefully” if needed to tame inflation. David Kawai | Bloomberg via Getty Images Canadian consumer prices increased in May at rates not seen since January 1983, surging past analyst forecasts, largely driven by pricey … Read more

The crypto pendulum swings back to ‘real economic value’: can Bitcoin price survive a recession?

The crypto pendulum swings back to ‘real economic value’: can Bitcoin price survive a recession?

(Kitco News) After briefly touching $17,000 over the weekend, Bitcoin is back above $20,000. But can the price outlook recover as recession calls grow and inflation continues to dominate market headlines? Stablecorp CEO Alex McDougall weighs in. When looking at price forecasts for the rest of 2022, investors need to separate crypto’s technology angle from … Read more

From startup to big bank: BMO bought their company, now they run its global trading desks

From startup to big bank: BMO bought their company, now they run its global trading desks

Dan Goldman and Levent Kahraman, co-heads of BMO Global Markets, at their office in Times Square in New York City on June 17, 2022.Kellyann Petry/The Globe and Mail Like many American bankers, Dan Goldman and Levent Kahraman are back working most days of the week at the New York offices where they run Bank of … Read more

South Korea puts crypto company Terraform Labs’ staff on no-fly list

South Korea puts crypto company Terraform Labs’ staff on no-fly list

The collapse of the Terra ecosystem will go down as one of the most painful and devastating chapters in crypto history. Gabby Jones | Bloomberg via Getty Images Several employees of South Korea-based Terraform labs, the company behind the stablecoin TerraUSD, which collapsed last month and roiled cryptocurrency markets, cannot leave the country, prosecutors said. … Read more

These are the most oversold stocks in the S&P 500 due for a bounce

These are the most oversold stocks in the S&P 500 due for a bounce

Certain stocks have become so oversold during this brutal bear market that they are long overdue to bounce. With stocks on Tuesday snapping back a bit after weeks of big losses, CNBC Pro set to find the stocks most overdue for a rebound. We looked for the shares trading the farthest from their average price … Read more

Celsius asks users for more time to fix issues after withdrawal freeze

Celsius asks users for more time to fix issues after withdrawal freeze

Celsius CEO Alex Mashinsky. Piaras Ó Midheach | Sportsfile for Web Summit | Getty Images Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations after the market downturn caused the firm to freeze withdrawals for its customers. The cryptocurrency market has seen trillions of dollars of … Read more

How ETF investors can pull through a bear market

How ETF investors can pull through a bear market

A week of dramatic market swings has given rise to reactionary mistakes from investors who are increasingly trying to find their footing. With predictions of peak inflation disintegrated and a more aggressive approach to interest rate hikes from the Federal Reserve, experts say that ETF investors can make use of the volatility by taking certain … Read more

China keeps benchmark lending rate unchanged

China keeps benchmark lending rate unchanged

Stock picks and investing trends from CNBC Pro: Hong Kong’s Hang Seng index dipped 0.43%. Shares of Alibaba shares in Hong Kong fell more than 2%, despite Reuters reporting Friday that China’s central bank has accepted Alibaba-affiliate Ant Group’s application to form a financial holding firm, reviving hopes for a potential public listing for Ant. … Read more

Gold is doing ‘spectacular job’ but price drop to $1,800 not ruled out, here’s why

Gold is doing ‘spectacular job’ but price drop to ,800 not ruled out, here’s why

(Kitco News) Gold surprised this week with its resilience and steadiness after an oversized 75-basis-point hike from the Federal Reserve and massive volatility across many markets. But analysts don’t see a major rally developing in gold in the short-term, and they are not even ruling out a move back to $1,800. The precious metal’s reaction … Read more