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By Lucia MutikaniWASHINGTON (Reuters) - U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates elevated for a while.The report from the Commerce Department on Friday, which also showed strong consumer spending last month, offered some relief to financial markets spooked by worries of stagflation after data on Thursday showed inflation surging and economic growth slowing in the first quarter."Markets should breathe a sigh of relief this morning," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. "Given the elevated levels of inflation, and this is…

When it comes to gold jewelry, the truth is: not all gold is created equal.Today, we’ll uncover the secrets of investment-grade gold jewelry that department stores won't tell you about. These little tips could change how you think about buying gold jewelry forever.But first, let's dive into the latest news and check in with an update on inflation...Danish Heirs to Sell $72 Million Rare Coin Collection  The legacy of Danish butter magnate Lars Emil Bruun has reached a stunning climax, as his descendants prepare to auction off a massive, 20,000-piece coin collection valued at an astounding $72 million. Bound by…

(Reuters) -U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of urgency to cut interest rates, but also nothing to rule out the likelihood of rate reductions starting later this year.That was the view from financial markets and analysts following a government report on Friday that showed inflation rose last month largely in line with economist expectations, and with what Fed officials themselves had said they anticipated.The year-over-year rise in personal consumption expenditures (PCE) price index, which the U.S. central bank targets at 2%, accelerated to 2.7% in March from 2.5% in…

Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday. That was above the 2.7% estimate from the Dow Jones consensus. Including food and energy, the all-items PCE price gauge increased 2.7%, compared with the 2.6% estimate. On a monthly basis, both measures increased 0.3%, as expected and equaling the increase from February. Markets showed little reaction to…

[embedded content]Discover the latest trends in residential and commercial real estate that could reshape the entire banking sector! Join Alan Hibbard as he breaks down shocking data, revealing potential consequences for homebuyers, renters, and even the economy at large. From plummeting median home prices to collapsing apartment rents, find out how the real estate bubble might burst and what it means for you. Don’t miss this eye-opening analysis and stay informed about the interconnected world of finance and Real Estate.Alan Hibbard first became curious about the world of investing in 2007. He studied business at a university during the 2008…

Gold’s astonishing surge this year baffled analysts until a new player emerged: Chinese retail investors flooding the Shanghai Futures Exchange (SHFE). Despite global pressures like rising Treasury yields and a strong dollar, SHFE’s volumes tripled, driving gold prices skyward. With China’s historical affinity for gold and recent market turbulence, the influx signals a significant shift in gold trading dynamics. But as prices waver, the debate over SHFE’s impact on the global gold market intensifies. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land…

Gold and Bitcoin rocked up with new pricing records in recent weeks. This is more than just coincidental. Image Credit: Shutterstock It’s been a busy month for both Bitcoin fans and gold hawks, with both reaching record highs on the back of soaring inflation, market volatility and high rates. While both assets typically attract quite polarising investors, their simultaneous rallies are united in their speculation that the US and other Western economies may not be able to maintain high interest rates, given their sky-high debts. As stated by XTB research director Kathleen Brooks, “When gold and Bitcoin rise in unison,…

As 2024 began, Fed watchers thought it was a matter of when, not if, the U.S. central bank would cut interest rates. Four months into the year, most aren’t quite so optimistic: The Federal Reserve now is signaling that it’s in no rush to cut rates, thanks to a more resilient than expected U.S. economy and “sticky” inflation.But analysts and investors aren't alone in trying to predict what the Fed will do: Central bankers around the world, including Asia, are also closely watching the Federal Reserve to gauge their own interest rate decisions—to cut, hold steady, or even to hike…

Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace, below the 2.4% estimate. The personal consumption expenditures price index, a key inflation variable for the Federal Reserve, rose at a 3.4% annualized pace for the quarter, its biggest gain in a year. Consumer spending increased 2.5% in the period, down from a 3.3% gain in the fourth quarter and below the 3% Wall Street estimate. U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported…

By Ashitha Shivaprasad(Reuters) - Gold prices trimmed gains on Thursday as U.S. Treasury yields rose after economic data showed signs of persistent inflation, lowering hopes of the Federal Reserve cutting interest rates anytime soon.Spot gold firmed 0.3% at $2,321.70 per ounce by 9:47 a.m. ET (1347 GMT) after rising as much as 0.8% earlier in the session. Prices were down over $100 from an all-time high of $2,431.29 scaled on April 12, fuelled by geopolitical turmoil.U.S. gold futures rose 0.2% at $2,334.40.U.S. economic growth slowed more than expected in the first quarter, but an increase in inflation suggested the Fed…

Mike Maloney APR 25, 2024 Mike Maloney has recently made two investments - one of them using a very novel method. Check out today’s Insider Action Alert to find out what Mike has actioned in his personal... You must be a GoldSilver Insider to Access This Page Already an Insider? Sign In

This photo taken on April 17, 2024 shows gold ornaments on display in a jewelry store in Istanbul, Türkiye. (Photo by Safar Rajabov/Xinhua)ISTANBUL, April 24 (Xinhua) -- Faruk Mutlu, a Turkish citizen, stepped into a bustling jewelry store in Türkiye's vibrant city of Istanbul. Armed with his savings, he resolved to convert them into gold, an alternative he deems "always valuable."With the escalating tensions in the Middle East at the beginning of last week, rumors swirled of an imminent rise in gold prices, prompting Mutlu to seize the opportunity."In Türkiye, it's a cherished tradition to bestow gold upon newlyweds, and…