BlackRock Heaps Praise on Gold’s Role as a Tough Year Opens

Gold may extend gains as global growth slows, equity market volatility remains elevated and the Federal Reserve is expected to ease back on the pace of policy tightening this year, according to a BlackRock Inc. money manager, who says the Precious metal offers an effective hedge.

READ MORE…

Made in China 2025

Made in China 2025

Neal Bhai Reports (NBR) – Made in China 2025 — Beijing’s “Made in China 2025” plan aims to transform China into an advanced manufacturing leader by targeting 10 emerging sectors including robotics, clean-energy vehicles and biotechnology.

READ MORE…

Fed-Speak: Rate cuts coming [09-09-2024]

Fed is Expected to Raise Interest Rates Wednesday

The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years.

READ MORE…

North and South Korea Reportedly Set to Announce Official End to War

Gold Silver Reports (GSR) – North and South Korea are in talks to announce a permanent end to their officially declared conflict, an unnamed South Korean official told the daily newspaper Munhwa Ilbo, according to Bloomberg and other U.S. news outlets picking up the report overnight. The development comes ahead of a summit next week between North Korean premier Kim Jong Un and South Korean President Moon Jae-in. Already, lawmakers from each side were reported to be negotiating the details of a joint statement that could outline an end to the confrontation.

READ MORE…