Latest news with #CorePCE
See - Sada Elbalad
07-06-2025
- Business
- See - Sada Elbalad
Silver Heats Up — Is It Headed Toward $50?
Waleed Farouk After years of lagging behind gold and remaining relatively stagnant, silver is finally making a notable upward move. But why now? What's fueling this sudden breakout? Peter Krauth, a precious metals expert and author of The Great Silver Bull, believes this is more than just a short-term rally — it's the result of deep, mounting economic forces now surfacing in the market. Inflation Is No Longer 'Transitory' According to Krauth, inflation has become a permanent feature of today's economic reality, no longer just a "transitory phase." He points to the Core PCE index — the Federal Reserve's preferred inflation gauge — which has risen from 2.75% to 3.5% in just a few months, far above the Fed's 2% target. Coupled with a slowdown in GDP growth in the first quarter, Krauth sees the makings of a classic case of stagflation — weak economic growth paired with rising prices. Warning Signs from the Bond Market This outlook is supported by bond market signals. U.S. Treasury yields are climbing, signaling falling bond prices. Krauth highlights the 20-year Treasury bond ETF (TLT), which appears poised to break below previous lows — a sign of declining investor confidence in government debt instruments. Meanwhile, the yield on 30-year Treasuries has surged from just 0.1% during the height of the COVID-19 crisis to nearly 5% today — a historic shift that places major pressure on U.S. debt servicing. Massive Debt and Imminent Maturities Out of the total $36 trillion in U.S. national debt, $9 trillion is set to mature this year alone. According to Krauth, the only viable way to service this is by printing more money — a move that fuels further inflation fears and drives investors toward safe-haven assets like precious metals. Gold Led the Way… Silver Is Catching Up While gold has already priced in much of the inflation risk, Krauth says silver is only just beginning to react. Recent political tensions may also be playing a role — particularly the clash between Donald Trump and Elon Musk, who has criticized Trump's massive spending plans as highly inflationary. Could Silver Hit $50? Krauth forecasts silver could reach around $40 in the second half of this year, with a strong possibility of breaking the long-standing $50 barrier sometime in 2026. If that level is surpassed, he expects silver could surge further, reaching $60–$65, driven by momentum and the lack of historical precedent. He concludes: > 'Once silver breaks above $50, we'll be in completely uncharted territory... and we could see prices we never imagined before.' --- Would you like this version tailored for social media, a newsletter, or broadcast copy as well? read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
Yahoo
29-05-2025
- Business
- Yahoo
Bitcoin price slips as Fed minutes flag US inflation risks
Bitcoin (BTC-USD) dipped by around 1% on Thursday, following the release of minutes from the Federal Reserve's May policy meeting, which revealed mounting concern over persistent US inflation and the potential for economic slowdown. Bitcoin was hovering just below $108,000 (£80,244). The dip comes shortly after bitcoin set a new all-time high above $111,000 on 22 May. The minutes from the 6-7 May Federal Open Market Committee (FOMC) meeting showed Fed officials warning they may soon face 'difficult tradeoffs' as inflation remains stubbornly high and unemployment begins to rise. Read more: Crypto live prices Officials also highlighted risks to financial stability, pointing to recent bond market volatility and cautioning that shifting perceptions of the US dollar's safe-haven status could have lasting repercussions for the global economy. The broader cryptocurrency market also fell on Thursday, with total market capitalisation falling more than 2% to around $3.54tn, according to data from CoinGecko. 'This week's FOMC minutes and the upcoming Core PCE inflation data arrive at a fragile moment for macro-driven assets like Bitcoin,' Bitfinex head of derivatives Jag Kooner said. 'Traders aren't just watching for signals on interest rates, they're looking for insight into how the Fed interprets inflation risks in light of new tariff policies, particularly after the US imposed a 50% levy on EU imports.' Read more: How Trump and Melania meme coins are performing after 100 days US equities also edged lower Wednesday. The S&P 500 (^GSPC) slipped 0.6% but remains within 4.2% of its all-time high. The Dow Jones Industrial Average (^DJI) fell 244 points (0.6%), and the Nasdaq Composite (^IXIC) declined by 0.5%. The market lull came ahead of Nvidia's (NVDA) eagerly anticipated earnings release, which was published after market close on Wednesday. Nvidia shares dipped 0.5% ahead of the report. Despite Wednesday's decline, sentiment improved in overnight trading. Futures pointed to a strong open on Thursday in New York as Dow futures were up 1.16%, S&P 500 futures gained 1.47%, and Nasdaq futures jumped 1.82%. US stock futures rose following a landmark decision by a US trade court on Wednesday that struck down most of president Donald Trump's "Liberation Day" tariffs, ruling he had exceeded his authority by imposing broad duties on imports from key trading partners. The Court of International Trade found that the US Constitution grants Congress exclusive power to regulate foreign commerce, a power not overridden by the president's emergency authority to protect the domestic economy. Bitcoin's price movements this week coincide with the annual Bitcoin Conference, currently underway in Las Vegas, where US vice president JD Vance addressed a crowd of crypto enthusiasts. In a speech on Wednesday, Vance said that China's skepticism toward bitcoin should motivate the US to embrace the digital asset and build on its strategic edge in the sector. China has banned crypto trading and mining since 2021. 'The People's Republic of China doesn't like bitcoin. Well, we should be asking ourselves, why is that? Why is our biggest adversary such an opponent of bitcoin, and if the communist Republic of China is leaning away from bitcoin, then maybe the United States ought to be leaning into bitcoin,' he said. As the White House pushes for an overhaul of crypto policy, Vance said bitcoin will be a strategically important asset for the US over the next decade. He also praised Trump's March executive order establishing a strategic bitcoin reserve using tokens already held by the US government. Digital assets have seen a resurgence under Trump, who has actively courted support from the crypto industry, pledging during his campaign to be a 'crypto president.' Meanwhile, traditional finance continues to deepen its ties to crypto. Investment management company BlackRock (BLK) is reportedly planning to acquire around 10% of the shares offered in USDC stablecoin issuer Circle Internet Financial's upcoming IPO, according to sources familiar with the matter, as reported by Bloomberg. Circle, the issuer of the USDC stablecoin, filed for a public listing on the New York Stock Exchange on 27 May The offering includes 24 million Class A shares, 9.6 million from the company and 14.4 million from existing shareholders. The IPO aims to raise up to $624m, with Cathie Wood's Ark Invest also expressing interest in purchasing up to $150m worth of shares. The underwriters have a backup option to sell up to 3.6 million extra shares if the IPO is well received, which helps manage volatility and investor demand. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetSign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Bitcoin price slips as Fed minutes flag US inflation risks
Bitcoin (BTC-USD) dipped by around 1% on Thursday, following the release of minutes from the Federal Reserve's May policy meeting, which revealed mounting concern over persistent US inflation and the potential for economic slowdown. Bitcoin was hovering just below $108,000 (£80,244). The dip comes shortly after bitcoin set a new all-time high above $111,000 on 22 May. The minutes from the 6-7 May Federal Open Market Committee (FOMC) meeting showed Fed officials warning they may soon face 'difficult tradeoffs' as inflation remains stubbornly high and unemployment begins to rise. Read more: Crypto live prices Officials also highlighted risks to financial stability, pointing to recent bond market volatility and cautioning that shifting perceptions of the US dollar's safe-haven status could have lasting repercussions for the global economy. The broader cryptocurrency market also fell on Thursday, with total market capitalisation falling more than 2% to around $3.54tn, according to data from CoinGecko. 'This week's FOMC minutes and the upcoming Core PCE inflation data arrive at a fragile moment for macro-driven assets like Bitcoin,' Bitfinex head of derivatives Jag Kooner said. 'Traders aren't just watching for signals on interest rates, they're looking for insight into how the Fed interprets inflation risks in light of new tariff policies, particularly after the US imposed a 50% levy on EU imports.' Read more: How Trump and Melania meme coins are performing after 100 days US equities also edged lower Wednesday. The S&P 500 (^GSPC) slipped 0.6% but remains within 4.2% of its all-time high. The Dow Jones Industrial Average (^DJI) fell 244 points (0.6%), and the Nasdaq Composite (^IXIC) declined by 0.5%. The market lull came ahead of Nvidia's (NVDA) eagerly anticipated earnings release, which was published after market close on Wednesday. Nvidia shares dipped 0.5% ahead of the report. Despite Wednesday's decline, sentiment improved in overnight trading. Futures pointed to a strong open on Thursday in New York as Dow futures were up 1.16%, S&P 500 futures gained 1.47%, and Nasdaq futures jumped 1.82%. US stock futures rose following a landmark decision by a US trade court on Wednesday that struck down most of president Donald Trump's "Liberation Day" tariffs, ruling he had exceeded his authority by imposing broad duties on imports from key trading partners. The Court of International Trade found that the US Constitution grants Congress exclusive power to regulate foreign commerce, a power not overridden by the president's emergency authority to protect the domestic economy. Bitcoin's price movements this week coincide with the annual Bitcoin Conference, currently underway in Las Vegas, where US vice president JD Vance addressed a crowd of crypto enthusiasts. In a speech on Wednesday, Vance said that China's skepticism toward bitcoin should motivate the US to embrace the digital asset and build on its strategic edge in the sector. China has banned crypto trading and mining since 2021. 'The People's Republic of China doesn't like bitcoin. Well, we should be asking ourselves, why is that? Why is our biggest adversary such an opponent of bitcoin, and if the communist Republic of China is leaning away from bitcoin, then maybe the United States ought to be leaning into bitcoin,' he said. As the White House pushes for an overhaul of crypto policy, Vance said bitcoin will be a strategically important asset for the US over the next decade. He also praised Trump's March executive order establishing a strategic bitcoin reserve using tokens already held by the US government. Digital assets have seen a resurgence under Trump, who has actively courted support from the crypto industry, pledging during his campaign to be a 'crypto president.' Meanwhile, traditional finance continues to deepen its ties to crypto. Investment management company BlackRock (BLK) is reportedly planning to acquire around 10% of the shares offered in USDC stablecoin issuer Circle Internet Financial's upcoming IPO, according to sources familiar with the matter, as reported by Bloomberg. Circle, the issuer of the USDC stablecoin, filed for a public listing on the New York Stock Exchange on 27 May The offering includes 24 million Class A shares, 9.6 million from the company and 14.4 million from existing shareholders. The IPO aims to raise up to $624m, with Cathie Wood's Ark Invest also expressing interest in purchasing up to $150m worth of shares. The underwriters have a backup option to sell up to 3.6 million extra shares if the IPO is well received, which helps manage volatility and investor demand. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
29-05-2025
- Business
- Business Recorder
Gold rises as investors buy on dip
NEW YORK: Gold prices rose on Wednesday, as investors bought on the dip, although gains were capped by easing US-EU trade tensions, with the market now awaiting the upcoming US core Personal Consumption Expenditures report for interest rate clues. Spot gold was up 0.3% at $3,308.99 an ounce, as of 0237 GMT, slightly recovering from a 1% decline in the previous session. US gold futures rose 0.2% to $3,308.30. In the latest move, US President Donald Trump backed down from his 50% tariff threat against the European Union, delaying its implementation until July 9 to allow for negotiations between the White House and the 27-nation bloc. 'Gold's dip below $3300 saw it attracting some buyers. However, the broader market is still feeling generally upbeat now that US-EU trade tensions have eased, which is capping the extent of gold's upside run for now,' said Tim Waterer, chief market analyst, KCM Trade. 'If support in the $3,250-$3,280 region continues to hold, then gold is well-placed for potentially another run towards $3,400 if risk appetite fades.' The market is now awaiting US PCE data for April, due Friday, to assess the Federal Reserve's potential interest rate cut trajectory. Meanwhile, US consumer confidence rebounded in May, ending a five-month slide, supported by a temporary truce in the US-China trade war, according to data. The Fed has kept its policy rate unchanged at 4.25%-4.50% since December, as officials pause for more clarity on the economic and price impact of Trump's tariffs. 'More decisive moves in gold one way or the other may need to wait until we get a read on the Nvidia results and US Core PCE on Friday,' Waterer said. Spot silver was steady at $33.31 an ounce, platinum was up 0.4% at $1,084.07 and palladium fell 0.2% to $976.22.
Mint
28-05-2025
- Business
- Mint
Gold steadies as easing US-EU trade tensions cap gains
US core PCE data due on Friday US consumer confidence improved in May (Updates for the Asia mid-day session) May 28 (Reuters) - Gold steadied on Wednesday, as investors bought on the dip, although gains were capped on easing U.S.-EU trade tensions, with the market now awaiting the upcoming U.S. core Personal Consumption Expenditures (PCE) report for interest rate clues. Spot gold was flat at $3,297.19 an ounce, as of 0413 GMT. Bullion fell more than 1% in the previous session. U.S. gold futures were down 0.1% to $3,296. In the latest move, U.S. President Donald Trump backed down from his 50% tariff threat against the European Union, delaying its implementation until July 9 to allow for negotiations between the White House and the 27-nation bloc. "Gold's dip below $3300 saw it attracting some buyers. However, the broader market is still feeling generally upbeat now that the U.S.-EU trade tensions have eased, which is capping the extent of gold's upside run for now," said Tim Waterer, chief market analyst at KCM Trade. "If support in the $3,250-$3,280 region continues to hold, then gold is well-placed for potentially another run towards $3,400 if risk appetite fades." The market is now awaiting U.S. PCE data for April, due Friday, to assess the Federal Reserve's potential rate cut trajectory. Meanwhile, U.S. consumer confidence rebounded in May, ending a five-month slide, supported by a temporary truce in the U.S.-China trade war, according to data. The Fed has kept its policy rate unchanged at 4.25%-4.50% since December, as officials pause for more clarity on the economic and price impact of Trump's tariffs. "More decisive moves in gold one way or the other may need to wait until we get a read on the Nvidia results and U.S. Core PCE on Friday," Waterer said. Spot silver was steady at $33.28 an ounce, platinum was unchanged at $1,079.72 and palladium fell 0.3% to $975.14. (Reporting by Anmol Choubey and Brijesh Patel in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-Phillips)
