Gold futures have surpassed $4,000 per troy ounce for the first time, driven by investor demand for safe havens amidst U.S. government shutdown and global economic uncertainty. Tariffs imposed by President Trump and potential Federal Reserve interest rate cuts have also boosted gold and silver prices significantly this year. While...
Gold prices surged to a historic $4,000 per ounce Tuesday, driven by investor demand for safe haven assets amidst global geopolitical and economic uncertainties. Factors contributing to the rise include trade system disruptions, inflation concerns, and reduced attractiveness of debt instruments following Federal Reserve interest rate cuts. Experts...
Investors are shifting to Bitcoin, gold, and silver amid rising fiscal worries in major economies. The Japanese yen weakened as a pro-stimulus candidate eyed the prime minister role. The US dollar faces pressure from a government shutdown, while the euro is impacted by political uncertainty in France. This trend signals...
Despite a government shutdown and delays in economic reports, the U.S. stock market continues to surge, with major indices hitting all-time highs. This broad-based rally extends beyond tech, with smaller stocks and gold also reaching record levels. Investors are betting on a repeat of past shutdowns' minimal economic impact, but...
The government shutdown has led to the postponement of the crucial monthly jobs report, frustrating economists who rely on it for market insights. This report, usually released on the first Friday of the month, provides detailed information on employment trends, industry growth, and labor supply. Its absence leaves businesses and...
Despite the government shutdown halting the official jobs report, alternative data suggests the US labor market remained stable in September. While growth is described as anemic, job losses are not widespread, and employers are hesitant to lay off staff. Indicators show a softening market with fewer openings, particularly for...
Russia's economic growth is slowing significantly, potentially hindering its ability to fund rising defense, security, and social expenditures. Top industrialist Alexander Shokhin warned the current 'managed soft landing' is proving less soft and controlled than anticipated. Projections for GDP growth have been revised downwards, with figures barely exceeding 1% for...
The current US government shutdown poses greater economic risks than previous ones, with President Trump threatening permanent job cuts and the economy already facing challenges. While past shutdowns had minimal economic impact, this one could affect roughly 750,000 federal employees. Economists warn that prolonged closures could significantly slow economic growth,...
The average rate for a 30-year U.S. mortgage has risen for a second consecutive week, reaching 6.34%. This follows a period of decline that had brought borrowing costs to their lowest in nearly a year. The increase is attributed to economic indicators and Federal Reserve signals about future interest rate...
Treasury Secretary Scott Bessent warned that a government shutdown could negatively impact U.S. economic growth and GDP. Speaking during a CNBC interview, Bessent highlighted potential damage to "working America" if operations cease. While past shutdowns had minimal economic effect, a prolonged closure, especially with potential federal worker firings, could prove...
