The gold rally has reached a critical point. If the price consolidates above $3,400, we can expect the price per ounce to reach higher peaks and targets. But what is behind this stunning growth?
As tensions escalate between China and the US, Beijing has significantly boosted its crude oil imports from Canada while reducing its oil imports from the US by 90%. According to data from Vortexa, China purchased approximately 7.3 million barrels of oil near Vancouver in March.
In this article, we explore the impact of the current US inflation rate on global financial market indicators. If youre considering an economic decision, be sure to read this first!
Kiyosaki: While gold recently hit $3,115 an ounce, silver is still around $34, about 60% below its record high. The gap is due to years of market suppression designed to keep silver affordable for the industries that need it most.
The US Bureau of Labor Statistics announced that the consumer price index (CPI) increased by only 0.2% in February, falling short of the anticipated 0.3%.
New US tariffs on goods from Canada, Mexico, and China go into effect on March 4th. Stay informed on the potential economic impacts and trade implications.
Japan Finance Minister Katsunobu Kato reiterated on Tuesday that the authorities would be vigilant to foreign exchange moves, including those driven by speculators.
The dollar slipped for a second straight session, as a recent ascent lost steam, but the greenback was still on track for a fourth straight week of gains after data this week kept interest rate expectations for the Federal Reserve in check.
Most Asian currencies weakened slightly on Friday as the dollar retained a bulk of its weekly gains on expectations of a slower pace of interest rate cuts by the Federal Reserve.
