LBMA Conference: Gold Price Set to Soar to $2,941 in Coming Year
Published: Wednesday, 16 October 2024 09:54 | 
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At the LBMA conference in Miami, delegates projected a 10.5% increase in gold prices over the next 12 months, alongside substantial gains for silver, platinum, and palladium. These predictions come amid a strong year for precious metals, with gold and silver already up 29% and 32% respectively in 2024, driven by factors such as Federal Reserve rate cuts and geopolitical tensions.
Bostic's Cautious Outlook: Atlanta Fed Chief Projects One More Rate Cut in 2024
Published: Wednesday, 16 October 2024 09:47 | |
| Atlanta Fed President Raphael Bostic revealed that he projected one additional 25 basis point rate cut for 2024 in his recent Federal Reserve meeting forecast. This is less than the median projection of 50 basis points in further cuts. However, Bostic emphasized that his outlook remains flexible and will be adjusted based on incoming economic data, particularly regarding inflation and employment.
India's Import Bill Shrinks, Narrowing September Trade Gap
Published: Wednesday, 16 October 2024 09:22 | |
| In September 2024, India's trade balance showed signs of improvement as the deficit narrowed to $20.78 billion, lower than economists' expectations of $24.63 billion. This positive shift was largely attributed to reduced gold imports, which helped moderate the overall import bill. Despite global economic challenges, India's exports maintained a slight growth, with sectors like engineering goods, plastics, and pharmaceuticals performing well.
Election Uncertainty Propels Gold to New Heights
Published: Wednesday, 16 October 2024 09:19 | |
| Gold prices are rising towards new record highs as investors focus on the upcoming U.S. presidential election and potential Federal Reserve rate cuts. The precious metal's appeal as a safe-haven asset, combined with strong central bank buying, has driven its performance in 2024. Uncertainty surrounding the election outcome and potential policy changes are prompting investors to adjust their portfolios, further supporting gold's rally.
Playbook for the Next Crisis – Where These Experts Are Investing | Gammon, Maloney & Moss
Published: Tuesday, 15 October 2024 03:54 | |
| In this eye-opening panel discussion, George Gammon, Mike Maloney and Mark Moss dive deep into the economic realities we face today.