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Renowned figures in the financial world, Robert Kiyosaki, David Einhorn, and Gary Shilling, are all sounding the alarm on inflation — a concern shared by the Fed.
- April 9, 2024
- Posted by: Agbaje Feyisayo
- Category: News
No CommentsPaul Volcker, the ‘dragon slayer’ who took decisive action against inflation in the 1980s, left a formidable legacy that current Fed Chair Jerome Powell is still striving to equal. As inflation concerns resurface, Wall Street’s unease heightens, with Powell yet to claim victory over this persistent economic challenge. In a recent announcement, Powell underscored that
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Gold Prices Hit Record High as Investors Bet on US Rate Cuts and Watch World Conflicts
- April 2, 2024
- Posted by: Agbaje Feyisayo
- Category: Gold
On Monday, the gold price continued its upward trajectory, marking the fifth consecutive day of gains and reaching a new record high beyond the $2,250 mark during the Asian trading session. The rise comes from the latest US Personal Consumption Expenditures (PCE) Price Index data released last Friday. The data showed a moderate increase in
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Solid price gains for gold on big U.S. data dump day
Last Thursday witnessed notable gains in gold prices during early U.S. trading as they edged closer to recent record highs amid a significant release of U.S. economic data. Silver prices remained relatively stable. The day was packed with key data announcements, including the U.S. GDP data for the fourth quarter and various inflation indexes. Given
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Wall Street advises caution on gold prices next week
- March 21, 2024
- Posted by: Agbaje Feyisayo
- Category: Buy Gold, Gold, Gold Investing, News
Inflation data significantly influenced last week’s movements in the gold market, but as the week progressed, the focus shifted to the Federal Reserve and the anticipated adjustments in interest rates. Following Wednesday’s Federal Open Market Committee (FOMC) meeting, the Fed’s indication of maintaining three projected rate cuts in 2024 sparked a surge in gold prices.
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Four States Consider Lifting Taxes On Precious Metals
- February 12, 2024
- Posted by: Agbaje Feyisayo
- Category: News
Earlier last month, lawmakers in four states took significant steps toward reducing the tax burden on precious metals investments. In a move aimed at encouraging investments in gold, silver, platinum, palladium, and even copper bullion, legislative proposals in Kentucky and Wisconsin sought to remove state sales taxes. At the same time, Georgia and Kansas focused
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The Decline of US Dollar Dominance: Insights from a Wall Street Veteran
- February 1, 2024
- Posted by: Agbaje Feyisayo
- Category: News
In a recent news that has sent ripples through the financial world, Dick Bove, a seasoned Wall Street analyst with a 54-year tenure, declared the impending end of the US dollar’s era as the world’s dominant reserve currency. In an interview with The New York Times, Bove, who retired this month at 83, laid out
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