Banking Stress, Declining Corporate Profits, and Tough Decisions on the Horizon As discussions surrounding the US debt ceiling persist, worries intensify in various sectors of the economy. Notably, borrowing through emergency funding for US banks remains at nearly $100 billion,…
Spot pricing for Gold $AU2992 Spot pricing for Silver $AU35.67 Spot pricing for Platinum $AU1611 Commodities and Bonds Retreat Amid Optimistic Economic Signals. Following a week of positive news across various sectors, the US economy has shown signs of strength…
Ray Dalio Warns of Inflationary Risks and Unsustainable Debt Levels The US debt ceiling issue continues to cast a dark shadow over the economy, positioning it on a perilous path towards a potential financial collapse. Renowned investor Ray Dalio has once…
Gold Spot Price$AU2991 Silver Spot Price$AU35.70 Platinum Spot Price $AU1598 The Empire State Factory manufacturing survey released by the New York Fed has shocked economists as the gauge of manufacturing activity for April plummeted well below expectations. Initially projected to…
In the latest release of US economic data, several key indicators have presented a mixed picture, with inflation showing signs of stabilization while jobless claims reached their highest level since October 2021. Additionally, concerns over the US debt ceiling continue…
Gold Spot Price AUD $3010 Silver Spot Price AUD $37.95 Platinum Spot Price AUD $1640 Lawmakers are running out of time to reach a consensus on the U.S. debt ceiling, and the potential consequences of a government default would very…
Yesterday the US reported a sharp downward fall for their productivity indicator, measured at -2.7% for the quarter. These figures, on the back of yet another interest rate rise by the FED/RBA and continued trouble by failing banks, have now…
Share markets have had to tolerate a volatile week, notably the US500 dropping 2% (4135 to 4050) to then rebounding almost instantly the following day back up to 4146. Earnings/reporting season is notoriously volatile, with most traders ‘putting down the…
Gold Spot Price$AU3018 Silver Spot Price $AU37.93 Platinum Spot Price $AU1662 Consumer worries about jobs and a looming recession have now placed consumer confidence front and centre in the latest data from the US. “Consumers are becoming more pessimistic about…
Leading US indicators are now clearly pointing the US into a recession. March results sunk to -1.2%, the biggest decline in 3 years. The LEI (Leading Economic Indicators) is a gauge of 10 indicators designed to show if an economy…
Gold Spot Price $AU2987 Silver Spot Price $AU37.56 Platinum Spot Price $AU1623 After 5 straight weeks of gains, Silver has found a resting place at $US25.20. Gold is also pausing its rise, currently at $US2006. Bullion pricing ‘taking a breath”…
The US500 and ASX200 share markets have enjoyed their fourth consecutive week of gains, but despite the positive trend, the US economic data is looking shaky. The Consumer Price Index (CPI) for March was lower than predicted at 0.1%, while…
Gold Spot Price $AU3027 Silver Spot Price $AU38.16 Platinum Spot Price $AU1521 Traders of US equities have made their position clear. Confidence in the share market in now at a 12 year low. With some news headlines using this as…
Gold prices ended the week with a record close above $2,000 for the first time ever, marking an important milestone for the precious metal. In this weekly forecast, we’ll explore the factors that contributed to this achievement and the events…
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