* Holdings in SPDR Gold ETF fall 0.2% on Tuesday * ADP payrolls data due at 1215 GMT (Updates prices) Aug 4 (Reuters) - Gold edged higher on Wednesday, propped up by a subdued dollar, although prices lingered in a narrow range as investors focused on U.S. jobs data due later this week to gauge economic recovery. Spot gold rose 0.2% to $1,813.78 per ounce by 0652 GMT, while U.S. gold fu... read more
Congress recessed for the summer passing neither the infrastructure nor spending bills that were the focus of all of Washington’s attention for weeks thanks to Krysten Sinema from Arizona. She personally torpedoed the Biden Administration’s signature piece of legislation that took months to wrangle to that point and then gave the whole thing a big John McCain-like thumbs down. The... read more
Excessive government spending and mounting national debt will likely trigger a financial crisis in the next 18 months, economist Stephen Moore warned on July 28. “It’s a very precarious time economically for the country,” Moore told The Epoch Times during the annual meeting of the American Legislative Exchange Council (ALEC) in Salt Lake City. “There is a debt hangover coming. And... read more
New York (CNN Business)Back in March, people were freaking out about rising long-term interest rates and inflation fears. But now the 10-year US Treasury yield has fallen back again. Does this mean: So much for inflation worries? Maybe higher prices are in fact, to cite Federal Reserve chair Jerome Powell's favorite word, transitory after all? Not so fast. There's a growing chorus of exp... read more
- A U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased coronavirus infections and a global supply chain that, far from sorting out its problems, may be headed for more inflation-inducing trouble. Fed officials are likely to affirm after their two-day meeting that a strong U.S. recovery and their planning for an eve... read more
The U.S. is headed for bankruptcy and economic decline, and the best way to protect your wealth is with gold, said Yaron Brook, managing partner of BHZ Capital. Brook is the best-selling author of several books, including “Free Market Revolution: How Ayn Rand's Ideas Can End Big Government”. He is the chairman of the board at the Ayn Rand Institute and is host of the Yaron Brook Show... read more
WASHINGTON (Reuters) -The White House and U.S. congressional negotiators are scrambling to salvage a $1.2 trillion bipartisan infrastructure deal after Republicans balked at funding to enforce existing tax laws - a key way to pay for the plan - leaving both sides searching for a way forward. FILE PHOTO: The sun rises on the U.S. Capitol dome before Joe Biden's presidential inauguration in... read more
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the recent startling inflation run to ease over time,. In a CNBC interview, the Cabinet official added that she worries about the problems inflation could pose for lower-income families looking to buy homes at a time when real estate values are surging. “We w... read more
Gold prices fell on Monday as a stronger dollar made bullion more expensive for holders of other currencies, while investors awaited U.S. inflation data and Federal Reserve Chairman Jerome Powell’s testimony this week. Spot gold was down 0.4% at $1,800.46 per ounce by 1051 GMT. U.S. gold futures slipped 0.5% to $1,801.30 per ounce. The dollar index rose 0.2% against its rivals. “Go... read more
A top policymaker at the Federal Reserve has said the fast-spreading delta COVID-19 variant poses a risk to the rebound in global growth, and said the central bank should be patient in supporting the US recovery. "I think one of the biggest risks to our global growth going forward is that we prematurely declare victory on COVID," Mary Daly, the President of the Federal Reserve Bank of San Fr... read more