Precious Metal & Rare Coin Market News

2024 Ushers In New Cycle From Fed The Federal Reserve held interest rates steady at the 5.25-5.50% range on Wednesday, as expected. The big news out of today's Fed meeting? The central bankers confirmed widespread expectations that interest rate cuts would be seen in 2024. In the post-meeting press conference, Fed Chair Jerome Powell said rate cuts were likely "at some point this year."Gold traded higher after the Fed meeting. Meanwhile, stocks fell across the ... >> Read More        

Looking back, 2023 may well be remembered for the recession that never happened. But, looking forward into 2024, what is the economic forecast for the coming year and what could it mean for gold? Many hope that 2024 will be the year of the "soft landing" for the U.S. economy. Just like Goldilocks and her porridge a soft landing would mean the Federal Reserve handles inflation and interest rates "just right"—and the economy emerges not ... >> Read More        

With 30-year fixed mortgage rates topping the 7% mark, it's no surprise the housing market has ground to a halt. Existing home sales plunged 19.3% through the first eleven months of 2023, versus the same period last year, according to the National Association of Realtors. Slowing home sales hurts more than just buyers and sellers, however. The housing market slowdown has a ripple effect throughout the entire economy, impacting consumer spending and even the labor ... >> Read More        

Saving for retirement through an individual retirement account (IRA) has many benefits, which are widely known. What is not as commonly known is that you can invest in physical assets like gold or silver bullion inside an IRA account. Investing in physical gold within an IRA account has many benefits including diversification. As an investment, gold is considered a portfolio diversifier and offers you the opportunity to preserve and grow your wealth, especially when other ... >> Read More        

Despite persistent forecasts for a U.S. recession, 2023 may well be remembered as the year a recession never happened. Yet, the jury is still out on whether or not the Federal Reserve can engineer a so-called "soft landing" in 2024 – or bring down inflation to the central bank's 2% target without triggering a recession. Throughout it all in 2023, gold served investors well as a safe-haven and a hedge against inflation as we saw ... >> Read More        

Gold has been one of the best performing commodities in 2023, up over 12% as the precious metal set a new all-time record high in late November. Traders like to say: "the trend is your friend" and in this case the trend points higher for gold. Here's a look at five factors that will impact gold in the year ahead. 1. Geopolitical tensions boiling hot From China-U.S. tensions to the Russian war in the Ukraine ... >> Read More        

The Fed Starts Talking About Rate Cuts Breaking news. The Federal Reserve started talking about interest rate cuts for the first time today during this monetary policy cycle. At the conclusion of the Fed's two-day meeting Wednesday, the central bank held interest rates steady as expected at 5.25%-5.50%. This marked the third consecutive Fed meeting where the central bank stood pat, suggesting the interest rate cycle may have peaked. Gold surged after the meeting, which ... >> Read More        

In 2023, India overtook China as the most populated country in the world, with a total of 1.428 billion people. China is a close second at 1.425 billion citizens. Compare that to the United States of America's total population at 335 million. This matters to the gold market because Asian demand from India and China make up nearly 50% of global gold demand. A Little History During the last half of the 1900's, Chinese citizens ... >> Read More        

Today, close to two-thirds of the global demand for gold comes from emerging markets. The two largest players in this segment are China and India. China’s annual gold consumption averages about 1,120 tons per year while India’s is roughly 800 tons. This means that understanding the future of gold as an investment requires a clear picture of what the future of these two countries holds. Here, we look at the major economic initiatives driving the ... >> Read More        

For more than 15 years, there has been a stable, inverse relationship between gold and US bond yields adjusted for inflation. Typically, higher Treasury yields have the effect of bringing gold prices down because gold, which has no yield, is less attractive in comparison. Between 2006 and 2021, the correlation coefficient between the two has been -0.933 indicating an almost completely opposite relationship. Today, that’s changing. The breakdown of this correlation seems strangely fitting in ... >> Read More