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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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Freedom Shield Capital Is Leading The Precious Metals In A Huge Way

NEW YORK, NY / ACCESSWIRE / August 15, 2022 / People think that the easiest way to grow their wealth is through the stock market. While that can be a useful way to do that, it is also an incredibly volatile way to grow your wealth as the stock market fluctuates. What many people don’t …

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Gold hits near one-month high as yields, U.S. dollar retreat

Gold prices jumped 1.4%. Gold climbed to nearly a one-month high on Thursday buoyed by a pullback in the U.S. dollar and Treasury yields, as investors awaited Friday’s July employment report report which may influence the Federal Reserve’s path of interest rate hikes. Price Action Gold for December delivery GCZ22, 1.59% jumped $25.80, or 1.4%, to $1,802.50 per …

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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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A recession is here and is deepening; This is how investors can make gains

As the Federal Reserve prepares to raise rates on July 27th to fight high inflation, some analysts are forecasting a recession. Alfonso Peccatiello, Author of The Macro Compass, is one of them. Speaking with David Lin, Anchor and Producer at Kitco News, Peccatiello said that “we are literally in a recession.” A recession is often defined …

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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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Fed’s aggressive rate hikes raise likelihood of a recession

Source: By Paul Wiseman | AP Federal Reserve Chairman Jerome Powell news conference is displayed on televisions while traders work on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point …

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