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Federal Reserve Holds Rates But Sees 3 Cuts in ’24 Despite Inflation.
- March 26, 2024
- Posted by: Eddy
- Category: Buy Gold, Government
No CommentsAt its March meeting, the Federal Reserve left its key interest rate unchanged at a 23-year high of 5.25% to 5.5% for a fifth straight meeting, but stuck to its forecast of three rate cuts this year despite signs that inflation may stay elevated longer. The decision means that Americans will continue to pay higher
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Can I buy gold from Chase?
In investment, gold has always been a beacon of stability and a symbol of wealth. Its allure, stemming from its historical performance as a hedge against inflation and economic downturns, attracts investors. For those contemplating incorporating gold into their portfolios, a common inquiry is whether it’s possible to purchase gold directly from major banking institutions,
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Gold price edges down from all-time highs as US Dollar Treasury yields revive.
In Thursday’s early American session, the gold price experienced a downturn from its recent all-time highs, touching around $2,220, as the US Dollar and Treasury yields saw a significant recovery. The US Dollar Index (DXY), which measures the dollar’s value against a basket of six major currencies, climbed back to 103.50. This rebound followed a
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Wall Street advises caution on gold prices next week
- March 21, 2024
- Posted by: Agbaje Feyisayo
- Category: Buy Gold, Gold, Gold Investing, News
Inflation data significantly influenced last week’s movements in the gold market, but as the week progressed, the focus shifted to the Federal Reserve and the anticipated adjustments in interest rates. Following Wednesday’s Federal Open Market Committee (FOMC) meeting, the Fed’s indication of maintaining three projected rate cuts in 2024 sparked a surge in gold prices.
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Gold Melt Value
The allure of gold is timeless, stretching from ancient civilizations to our modern economy. One term often associated with gold, especially in coins and bullions, is its “melt value.” This measure helps investors, collectors, and dealers assess the intrinsic value of gold items. Let’s delve deeper into this subject, focusing on gold coins from various
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Gold Mines in Arizona
- March 10, 2024
- Posted by: Agbaje Feyisayo
- Category: Buy Gold, Gold Investing, Gold IRA
In the sun-kissed landscapes of Arizona, a state renowned for its rugged beauty and rich history lies a hidden treasure that has captured the imagination of prospectors, miners, and dreamers for generations – gold. Arizona’s gold mines have shaped its past and continue contributing to its economic landscape. Gold, often referred to as the “yellow
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When Will Inflation Go Down?
The question on everyone’s minds is when will inflation finally go down? Unfortunately, predicting exactly when inflation will come down is not an exact science, as many factors contribute to inflation rates, and many are outside our control. However, inflation may start to slow down in 2023. According to the Federal Reserve, they expect inflation
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How Much Gold is in a Cell Phone?
If you’ve ever opened your cell phone, you would have noticed the gold-colored components. There is actual gold in your phone, used because of its excellent conductivity and resistance to corrosion. However, the amount of gold contained in a phone is smaller than one might expect. On average, a smartphone might have around 0.034 grams
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Gold price falls as US core PCE data looms large
In the early trading hours of Monday in New York, the price of gold experienced a decline as market participants braced for a series of critical economic announcements expected throughout the week. The potential for an increase in gold prices was tempered by the Federal Reserve’s continued assertive stance on interest rates. Meanwhile, geopolitical tensions,
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American Eagle Gold Coin: History, Anatomy and Symbology
- February 23, 2024
- Posted by: Agbaje Feyisayo
- Category: Buy Gold, Gold, Gold Investing, Gold IRA
The American Eagle Gold Coin stands as a symbol of American heritage and economic strength, embodying the rich history and the enduring spirit of the nation it represents. Launched by the United States Mint in 1986, the American Eagle Gold Coin has become one of the world’s most sought-after gold bullion coins, not only for
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