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U.S. Redbook retail sales annualized for the week ending April 3 were 7.6%, compared to 6.9% previously.April 7th - U.S. business equipment orders rebounded in February, indicating that companies are proceeding with investment plans ahead of the potential conflict with Iran. Data released Tuesday by the U.S. Commerce Department showed that orders for non-defense capital goods (excluding aircraft) rose 0.6% in February, compared to economists median forecast of a 0.5% increase. Orders for all durable goods fell 1.4%, primarily reflecting a decrease in aircraft orders. Boeing stated that it received fewer aircraft orders in February compared to the previous month. The durable goods report showed increases in orders for computers, automobiles, metals, and machinery. Economists expect business investment to remain robust this year as companies continue to invest in artificial intelligence and take advantage of more favorable tax terms. Meanwhile, it remains unclear how cautious companies will become due to the potential conflict with Iran.On April 7th, New York Federal Reserve President Williams stated that the impact of the Iran war will push up overall inflation, and the resulting inflationary factors will be directly reflected in overall inflation data. Taking energy factors into account, the inflation rate should be around 2.75%. The current focus is on overall inflation; core inflation has not changed significantly. Tariffs remain an important factor in inflation, and overall inflation is expected to slow later this year. Monetary policy is currently in a favorable position, and a wait-and-see approach is appropriate. Interest rates are currently at a perfectly appropriate level and can be adjusted if necessary. The labor market situation is quite complex, characterized by low hiring and low layoffs.Federal Reserves Williams: I havent spoken with Warsh recently.Federal Reserves Williams: Warsh has a deep understanding of the Feds mission.

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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