Unexpected Dip in US Jobless Claims Signals Robust Labor Market
Published: Thursday, 11 April 2024 10:11 | 
| 
|
The US labor market outperformed expectations last week, with fewer Americans applying for unemployment benefits than anticipated. Despite a backdrop of aggressive Federal Reserve rate hikes aiming to cool inflation, initial jobless claims surprisingly fell to 211,000 from an expected 215,000. This decline hints at a persistently tight labor market, albeit with a slight increase in the time it takes for some to find new employment post-layoff.
Silver Will Be GONE In The Blink Of An Eye...There's A LOT LESS Than People Think!
Published: Thursday, 11 April 2024 10:08 | |
| In this video, Alan Hibbard explores the current trends and future outlooks in the gold and silver markets, emphasizing the dramatic price increases.
Zimbabwe's New Gold-Backed Currency Marks Promising Start
Published: Thursday, 11 April 2024 09:49 | |
| Zimbabwe has debuted the new ZiG, its new gold-backed currency. Launching with a robust start, the ZiG appreciated to $13.45 from its initial $13.56 against the U.S. dollar in just a week, marking a promising 0.8% gain. This early success is a beacon of hope for an economy previously marred by inflation and currency instability. Backed by significant gold and foreign currency reserves, the ZiG is more than just currency; it's a cornerstone of Zimbabwe's strategy for economic stabilization and growth.
Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy
Published: Wednesday, 10 April 2024 05:01 | |
| Recent data indicating persistent inflation has impacted financial markets, with a notable rise in consumer price index (CPI) causing stocks and bonds to fall. In response, investors have turned to gold, oil, and cryptocurrencies as safeguards against inflation, leading to a rally in these assets. This movement has raised the yields on 10-year Treasuries to their highest since November and decreased the S&P 500 by about 1%. Energy companies, benefiting from the situation, remind us of strategies used in previous inflationary periods. The increasing prices in commodities, combined with geopolitical tensions, have fueled doubts about Federal Reserve Chair Jerome Powell's ability to achieve a "soft landing" for the economy. Critics argue that the recent surge in asset values is counterproductive to the Fed's efforts to control inflation, encouraging excessive spending among consumers and investors.
Mined Commodities May Push Higher on Structural Trends: Expert
Published: Wednesday, 10 April 2024 04:27 | |
| Gold's recent trading saw a downturn after hitting nine consecutive intraday record highs, influenced by March’s CPI indicating persistently high prices. Francisco Blanch of Bank of America Securities highlighted the significant role of central bank and Chinese retail buying in gold's surge, attributing it partly to cyclical factors but mainly to a structural trend driven by geopolitical tensions between the West and countries like Russia and China.