Recession risks are fading, business economists say, but political tensions pose threat to economy
WASHINGTON (AP) — Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would...
Gold heads for weekly gain as Fed strikes dovish stance
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea, on Friday, Oct. 13, 2023. SeongJoon Cho | Bloomberg | Getty Images...
NewEdge Wealth sees record rush intensifying
The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite...
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill...
US consumer confidence tumbles in September as American anxiety about the future grows
WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for...
Gold ticks up as dollar eases before Fed’s July minutes
A worker handles an Argor-Heraeus SA one kilogram gold bar at Solar Capital Gold Zrt. arranged in Budapest, Hungary Akos Stiller | Bloomberg | Getty...
Gold rises as dollar, yields slip after US jobs data
Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Sven Hoppe |...
Central banks end crisis offer as bank system fears ease
Major central banks are standing down from their offer of daily emergency dollar loans to banks, a crisis step launched after the collapse of Silicon...
2023 US recession now expected to start later than predicted
WASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after...
Gold at $4,000? Analysts share their 2023 outlook for prices
Gold prices could surge to $4,000 per ounce in 2023 as interest rate hikes and recession fears keep markets volatile, said Juerg Kiener, managing director...