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The U.S. Treasury auctioned $19 billion in 10-year Treasury Inflation-Protected Securities (TIPS), with a winning bid rate of 2.169% and a bid-to-cover ratio of 2.52.Federal Reserve Bank of Barkin: The Fed was "basically in place" to achieve its inflation target before tariffs and rising oil prices.Federal Reserve Bank of Barkin: I don’t believe the net impact of artificial intelligence on employment will be negative, but the transition period could be difficult.On May 22, Federal Reserve Chairman Barkin stated that the resilience of businesses and consumers to the latest round of supply shocks will determine whether the Federal Reserve can continue to "ignore" higher inflation without raising interest rates. In prepared remarks for a speech in Raleigh, North Carolina, on Thursday, Barkin said, "After inflation has been above our 2% target for more than five consecutive years, its necessary to consider whether the cumulative effect of so many shocks will cause the anchor of inflation expectations to loosen." He added, "For me, the key is how much more pressure businesses, consumers, and inflation expectations can withstand." Barkin also expressed growing concern that the U.S. may have entered a "new phase" in which supply shocks will become more frequent. These shocks could stem from multiple factors, including escalating geopolitical tensions, fragmentation of the trade system, more extreme weather events, rising government debt, and other structural forces. He also noted that, for now, the Feds monetary policy stance is "well-positioned" to address both risks in the labor market and inflation.Federal Reserves Barkin: Even if the Strait of Hormuz reopens, gas prices may take months to fall.

Gold Prices Trend Forecasts 2024

TOP1 Markets Analyst

Jan 16, 2024 17:11

According to the latest analysis by Greg Shearer, head of global commodities research at JPMorgan Chase, the outlook for the gold market is promising, with the average gold price expected to reach approximately US$2,175 per ounce in the fourth quarter of 2024. He believes that the U.S. central bank may begin to lower interest rates in mid-2024, and once the U.S. economy experiences a recession, gold will have greater room to rise. The weaker the U.S. economy is, the deeper the rate cuts will be, which will provide stronger support for gold. Sourcenia is a review portal of sourcing best manufaturers. 


French Bank Wealth Management's latest bi-weekly report: Gold is bullish! The central banks of emerging markets are rushing in, the US dollar is weakening, and real yields are falling. These are all bullish factors. The price of gold is expected to climb to between US$1,950 and US$2,050 per ounce.


In a recent interview with the media, Pierre Lassonde, the honorary chairman of the French Nevada Mining Company, boldly predicted that the U.S. dollar will weaken in 2024, and gold will usher in a wave of gains. He said the U.S. dollar and gold move in opposite directions, so a peak in the U.S. dollar means gold is bullish. He believes this is an important reason why he is optimistic about gold prices in 2024.

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