Gold Breaks $2,700: A New Era Begins

via Brandon S. Gold has shattered the $2,700 per ounce barrier, setting a new all-time high. In recent weeks, we’ve explored the perfect storm driving this gold surge: Accelerating interest rate drops across Western nations and China Emerging market central banks embarking on a gold-buying spree Investors seeking safe havens amidst global uncertainties However, gold …

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African Countries Are Turning to Gold… Goldman Forecasts $2,700 Gold On Resilient Chinese Demand

A growing number of African countries are turning to gold to hedge geopolitical risk and protect against currency losses. Nigeria, Uganda, Zimbabwe, Madagascar, and several other African nations have made moves to increase gold reserves, bring their gold home, and even back their currencies with the yellow metal. South Sudan is the latest country to …

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Tesla earnings after the bell, stock down 43 percent. Tesla lays off 2,700 employees in Austin.

In the rapidly evolving landscape of electric vehicles, Tesla’s recent stock crash and potential pivot towards self-driving technology have sent shockwaves through the market. With layoffs and restructuring underway, the company faces a pivotal moment that could redefine its trajectory and competitive standing in the industry. Key points: Tesla’s stock plummeted by 43% amid doubts …

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Prices soar ahead of income; Dimon warns of 8% interest rates; CB gold consumption up; Gold to hit $2700?

Inflation seems to be spiraling out of control, with ominous warnings of 8% interest rates and rising gold consumption. Just think. Three months ago the street saw 6 rate cuts coming in 2024 😂 8% interest rates would put mortgage rates over 10% 💀 pic.twitter.com/KHsKDic2sc — QE Infinity (@StealthQE4) April 9, 2024 Interest Rates could …

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