Precious Metal & Rare Coin Market News

There is an often-quoted market adage: "In Wall Street, what has happened before will happen again." It's true. Investors who look at market cycles and invest accordingly can benefit from the knowledge of history. That leads us to one of the biggest economic questions of 2024 for gold investors: What does history tell us about how gold performs during Fed easing cycles? New research from the Wells Fargo Investment Institute provides the answer: "the average ... >> Read More        

Fed Signals Rate Cuts May Come Before Election Gold traded higher after the Federal Reserve held interest rates steady at its meeting today. However, the central bank made an important pivot in how it talked about the economy, signaling to Wall Street that it is getting closer to an interest rate cut. Gold is climbing in afternoon trading at $2,449.90, not far from its record high set earlier this month at $2,469.70. At the Fed's post-meeting press ... >> Read More        

If you are looking for a new job, the latest U.S. employment report won't come as a surprise. It is getting harder to find a new job. Spot gold jumped to over $2,300 an ounce—a six week high— following the June jobs report, which painted a decidedly weaker-than-expected economic picture, and boosted odds that the Federal Reserve will cut rates twice in 2024. Silver prices also rose on the news, trading over $31.00 an ounce ... >> Read More        

Traditional economic theory is based on the idea that investors make rational decisions. However, humans are emotional beings, which means investment decisions can sometimes be driven by emotional factors. Indeed, the latest Capgemini World Wealth Report 2024 discovered that 65% of high net worth individuals are influenced by behavioral finance biases when making investment decisions—especially during emotional life events such as marriage, divorce and retirement. Throughout their lifetime, investors make many decisions including whether to ... >> Read More        

Heading into the second half of 2024, the U.S. economy is slowing down, inflation is still above the Federal Reserve's target rate, and gold has climbed to a series of new record highs. As investors look ahead, here are three factors to consider as you position your portfolio for the changing macroeconomic landscape. Making History: Interest Payments on National Debt Set to Exceed Defense Spending The U.S. National Debt continues its onward march higher and ... >> Read More        

Gold dipped lower following a stronger-than-expected May U.S. employment report. The U.S. economy generated 272,000 new jobs in May, well above consensus estimates for 180,000 new jobs. Average hourly earnings rose 0.4% in May, also above the 0.3% consensus forecast. Meanwhile, the overall May unemployment rate increased to 4.0% from 3.9% in April. That marked the highest level since January 2022. Traders sold gold following the report as the strength in the labor market reduces ... >> Read More        

As the presidential election starts to heat up, expect to hear more about taxes on the campaign trail this summer and fall. Why? There are potentially sweeping tax law changes on the horizon. Most Americans have paid lower income taxes since 2018, due to former President Donald Trump's Tax Cuts and Jobs Act of 2017. Yet, many of these tax breaks are set to expire next year, unless Congress acts. The 2017 tax law temporarily ... >> Read More        

For Americans living in the Atlantic basin, hurricane season starts soon. Yet, stormy weather appears to be descending on the U.S. economy and the stock market too. The Federal Reserve got several doses of bad economic news in recent weeks—an uncomfortable combination of slower economic growth and rising inflation. Financial markets took notice. Stocks plunged and gold hit a new all-time record high. For investors, we offer three portfolio moves to consider now to batten ... >> Read More        

Still-Rising Inflation Forced Fed to Keep Interest Rates at 23-Year High The Federal Reserve failed to surprise anyone as it left interest rates unchanged at the end of its Wednesday meeting. Recent economic data has revealed inflation higher-than-expected for the past three months. What's more, inflation levels are once again rising—not falling. The Fed's long battle with inflation is far from over, and the road to get to a 2% inflation level could be a ... >> Read More        

From time to time conspiracy theories arise on social media and internet chat boards about the gold in Fort Knox. According to official records, the United States of America has the largest gold reserves by a long shot. No other country even comes close. Today, questions are swirling around the Internet again about our nation's gold reserves. So we dig into some of the facts to let you decide what you think. There is fascinating ... >> Read More