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Gold IRA

Gold falls to 2 1/2-year low as dollar extends rise

Gold tumbled to a 2½ year low on Monday as the 10-year Treasury yield climbed to its highest level since 2010, and the dollar advanced to fresh 20-year highs. Price action Gold futures for December delivery GC00, -0.28% GCZ22, -0.28% fell $2.10. or 0.1%, to $1,653.50 per ounce on Comex after trading as low as $1,633.80. Prices for the most-active …

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Gold, silver feeling the pressure from hawkish central banks

Gold and silver prices are modestly lower in midday U.S. trading Tuesday. Hawkish monetary policies from the U.S. Federal Reserve and other major central banks of the world have cast a pall over the stock and financial markets at present, but have boosted U.S. Treasury yields and the U.S. dollar index—both of which are competing assets with the …

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2022 has been the worst year for markets in at least 50 years

Heading into the last week of August, stocks and bonds are showing their biggest year-to-date declines in at least 50 years. SPENCER PLATT/GETTY IMAGES A team of analysts at Bespoke Investment Group has crunched the numbers and determined that 2022 has so far been the worst year for markets in at least five decades based …

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Markets are wrong about Fed pivot; Powell will keep raising rates, and a year-long recession will ensue

Despite a poor performance over the year, stock markets have rallied recently, with the S&P 500 up by 8.8 percent over the last month. This is partly due to expectations that the Fed will pause with its tightening cycle, or pivot and start reducing rates early next year. Danielle DiMartino Booth, Founder and CEO of …

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Gold’s Fed-induced short squeeze has disappeared

Market analysts started the week talking about the Federal Reserve potentially pivoting next month on its monetary policy. Those expectations were wiped off the board with just one data point. Data from the U.S. Labor Department showed that more than 500,000 jobs were created in July, significantly beating market expectations. Heading into the report, economists …

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Gold prices holding steady following stronger than expected

The gold market continues to trade near session highs and is seeing little price movement following stronger-than-expected activity in the U.S. manufacturing sector, according to the latest data from the from Institute for Supply Management (ISM). Monday, the ISM said its Manufacturing Purchasing Managers Index, fell to 52.8% in July, down from June’s reading of …

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World Bank president says it’ll be ‘very hard’ for some countries to avoid recession

Global Currency Is At Risk Of Collapsing World Bank President David Malpass said Sunday that the world economy is undergoing a “sharp slowdown” due to Russia’s invasion of Ukraine, and warned it will be difficult for some countries to avoid recession. “We’ve seen the world growth fall by half since January, in terms of GDP …

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Brace For A Double Whammy In The Stock Market

  And now that U.S. stocks have broken a historic string of weekly losses, market analysts are looking to technical indicators to determine where the “danger zone” for equities might lie. The ‘danger zone’ According to Jonathan Krinsky, a market technician at BTIG, the new “danger zone” for U.S. stocks corresponds roughly with the 50-day …

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Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings

P/E multiple contraction is the main driver of falling share prices. GETTY IMAGES/ISTOCKPHOTO An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion to make in a week in which the largest retailers are reporting disappointing earnings and retail-sector stocks are being pummeled. In fact, contracting …

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Dow drops over 700 points as stocks slide on fears higher costs are eroding profits

Target shares tumble after wide earnings miss A Wall Street sign is seen at the New York Stock Exchange (NYSE) on Jan. 4, 2022 in New York City. AFP/GETTY IMAGES U.S. stock indexes were trading sharply lower Wednesday, led by retailers whose quarterly results confirmed higher costs for fuel and wages are eating into profits, …

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