WASHINGTON – U.S. Vaccinations against COVID-19, trillions of dollars from the government and record-low interest rates are whipping up demand, leaving companies scrambling for raw materials and labor. “Parts of the economy contributing the most to inflation in April and May are going through understandable short-term adjustments or merely reflating back to ‘normal’ levels,” said […]
August gold futures were last down $5.40 at $1,889.80 and July Comex silver was last up $0.194 at $28.22 an ounce. stock indexes are pointed toward higher openings when the New York day session begins and at or near record highs. consumer price index on Thursday showing the biggest surge in inflation in 13 years—up […]
manufacturing data, Russian rate decision, Michigan data, Baker Hughes Rig count and comments from BoE’s Bailey, U.K. …Read the full story
unemployment reports support our key takeaway that gold and silver are ripe to resume their bull markets,” McGlone said in a note. In a world of rapidly advancing technology and seemingly unlimited fiscal and monetary stimulus attempting to offset deflationary forces, the ratio of the price of gold vs. “The worst of the gold correction […]
“You have this tug between the two currencies and it’s creating a back and forth. “The overall trend has been a bit of dollar weakness not just because of the robust growth in the U.S. …Read the full story
On February 18, 2021, Dynacor published an annual financial guidance report including sales of US$150 million and earnings per share of US$0.18 at an average US$1,850 per ounce gold price. Meanwhile, the expansion of the processing plant is nearing completion that will permit Dynacor to maintain a maximum gold recovery rate and boost processing volumes […]
August gold futures were last down $6.00 at $1,888.20 and July Comex silver was last up $0.013 at $28.01 an ounce. On a near-term basis, the gold and silver traders are placing more emphasis on the uptick in bond yields after the CPI report, and less on the bullish implications of rising inflation down the […]
The gold market appears to be catching a bid following the strong headline number. However, other analysts note that despite the rise in inflation, the Federal Reserve will not be in a hurry to tighten interest rates anytime soon. “While the annual figures are being boosted by the comparison to weak year-ago readings, and the […]
We hope the lottery will encourage eligible citizens in Hong Kong to get vaccinated as soon as possible,” Paul McGarry, head of Asia, Goodman Group, said in a statement. Hong Kong has seen a low vaccination rate despite being one of the few places where a vaccine is available to all adults. …Read the full […]
Looking ahead to the rest of the session highlights include the ECB rate decision, OPEC report, U.S. …Read the full story
