The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Recent economic data has set the stage for a potential interest rate cut by the Federal Reserve in September, as retail sales surged and inflation continued to cool. These developments have sparked optimism among investors and economists alike, signaling a possible shift in monetary policy.
Seema Shah, chief global strategist at Principal Asset Management, commented on the CPI data, stating,"Today's CPI print removes any lingering inflation obstacles that may have been preventing the Fed from starting the rate-cutting cycle in September. Yet, the number also suggests limited urgency for a 50-basis point cut."
As of 6:00 PM EDT, gold futures for December delivery is currently fixed at $2,493.60, registering a modest gain today despite a strengthening dollar. The U.S. Dollar Index rose by 0.44% to 103.036, highlighting the complex interplay between economic indicators and market sentiment.
Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economy too 'hot' for a September Fed cut: VantageScore CEOMcDonald's (MCD) missed second-quarter earnings estimates, highlighting concerns about consumer spending. To discuss the state of the consumer, Silvio...
Read more »
Montreal hot sauce sampled by stars on popular YouTube show ‘Hot Ones’A Montreal hot sauce maker's sauce is being featured on 'Hot Ones,' a popular YouTube show where celebrities consume increasingly spicy sauces.
Read more »
July CPI, retail sales, earnings: Consumer in focus this weekIt's a big week on Wall Street as investors prepare for the release of several key economic data points. Wednesday will be especially important, as the July ...
Read more »
Despite positive July CPI data, Bitcoin’s price dropsBitcoin dropped below $60K after the softer July CPI data print. However, the US government's 10K BTC transfer could have impacted sentiment.
Read more »
Asian Stocks Edge Higher as CPI Calms Wall Street: Markets Wrap(Bloomberg) -- Asian equities rose early Thursday after in-line US inflation data calmed market jitters on Wall Street as traders prepared for Federal...
Read more »
Morning Bid: US rate cuts in view after tame CPI reportThe prospect of looming U.S. rate cuts was back on the front burner after an inflation report, which had kept markets on edge ahead of its release, showed a ...
Read more »