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A Surprising Development In The Gold Market

A Surprising Development In The Gold Market

Image Source: Pixabay The gold market seems to have calmed down somewhat after the run. In China, too, the number of outstanding ETFs with gold backing has stopped increasing. Unsurprisingly, market prices have also consolidated… It is highly likely that the gold and silver markets have consolidated because retail investors in the West continue to be […]
U.S. Home Prices Soar By 47.1% Since 2020 Due To Strong Demand And Limited Supply

U.S. Home Prices Soar By 47.1% Since 2020 Due To Strong Demand And Limited Supply

Image Source: Unsplash Home prices in the United States have risen by 47.1% since 2020, driven by low mortgage rates, housing inventory shortages, and increased demand for suburban and rural homes during the COVID-19 pandemic. This surge has led to affordability concerns, particularly for first-time buyers, despite the housing market’s continued robustness. Key Developments Home Price […]
Key Resistances For Gold

Key Resistances For Gold

Image Source: Pixabay Thanks to yesterday’s session, gold bulls gained an important ally, but is it enough to go higher? Technical Picture of the U.S. Currency Looking at the daily chart, we see that although the U.S. currency moved a bit above the previously broken red horizontal line (based on the lower border of the orange […]
FTSE Trading With Modest Gains On Mining News And ECB Rate Cut

FTSE Trading With Modest Gains On Mining News And ECB Rate Cut

Image Source: Pexels On June 6, British stocks edged up on the day with a 0.25% increase in the FTSE 100 and a 0.3% rise in the FTSE 250. This was driven by the European Central Bank rate cut, and was further supported by gains from mining company Antofagasta. Antofagasta has surged after signing a $1.5 billion […]
ECB rate cut could spur Bitcoin and stablecoin growth in Eurozone, experts highlight

ECB rate cut could spur Bitcoin and stablecoin growth in Eurozone, experts highlight

The European Central Bank (ECB) cut interest rates by 0.25% today, making it the first cut in five years and reducing it to 3.75%. Crypto industry experts shared with Crypto Briefing that this movement is important for different reasons, as it raises important questions about stablecoins in the European Union and the demand for Bitcoin […]
Grains Report – Thusday, June 6

Grains Report – Thusday, June 6

WHEAT General Comments: Wheat was lower in all three markets again yesterday as the US harvest expands and even as adverse world growing conditions are still around. There are more reports of hot temperatures coming this week to Russian growing areas. It has also been very dry there. The weather is still a key, with […]
Can Miners Really Fall In The Election Year?

Can Miners Really Fall In The Election Year?

Can anything really fall during the U.S. presidential election year? Will the markets be “allowed” to fall?Fortunately, this is not the first presidential year, so we have data to analyze. Quoting the details from our Explanations section:Details: average annual return of S&P (1948-2015, green line), gold (London P.M. Fix, 1972-2015, yellow line), silver (London Fix, […]
Celebrating The Greatest Generation. The Corn And Ethanol Report

Celebrating The Greatest Generation. The Corn And Ethanol Report

We kicked off the day with Challenger Job Cuts at 6:30 A.M., Export Sales, Balance of Trade, Imports, Exports, Initial Jobless Claims, Continuing Jobless Claims, Jobless Claims 4-Week Average, Nonfarm Productivity QoQ Final, and Unit Labour Coat QoQ Final at 7:30 A.M., EIA Natural Gas Storage at 9:30 A.M., 4-Week & 8-Week Bill Auction at […]
Construction Spending At Record Highs

Construction Spending At Record Highs

Image Source: Pexels I’m a little more cautious than Davison is on the economy, especially given the Atlanta Fed downgrading Q2 GDP from 4.8% to 1.9%. Remember, these numbers for spending are backward-looking, so they won’t reflect what is happening now or next month.That said, it is very hard to have a recession with these numbers […]
Stocks Stall As Investors Await Key Jobs Report

Stocks Stall As Investors Await Key Jobs Report

Wall Street is hoping to follow up a record-setting session with more gains, as all three benchmarks hover just near breakeven following this morning’s jobs and productivity reports. Investors are also awaiting tomorrow’s nonfarm payroll data, which could pressure the Federal Reserve to lighten its monetary policy. This comes just after the European Central Bank (ECB) this […]