From CNN Business' Paul R. La Monica
have surged this year, rising about 8.5% in 2022, and it briefly topped $2,000 an ounce for the first time since August 2020. Next milestone in sight: The all-time high of above $2,060, also from the summer of 2020., is now benefiting from geopolitical turmoil as well as broader inflation fears. Gold often is viewed as a hedge against rising prices and a classic fear trade. Another precious metal, palladium, is also soaring. It hit a new all-time high Monday.
As long as oil prices continue to skyrocket, gold and other commodities may go along for the ride. The worry is that inflation could wind up turning into stagflation...an economic slowdown accompanied by soaring energy prices. The rally in gold"reflects the nervousness...about stagflationary pressures," said Hussein Sayed, chief market strategist at Exinity, in a report Monday morning. Sayed noted that in addition to the spikes in gold and palladium, the prices of aluminum, copper, zinc, corn, and wheat are surging too.
That, Sayed believes,"complicates the outlook for central banks across the globe." The Federal Reserve is likely to raise interest rates at its next meeting later this month, but it has to be careful to not go too far and rattle already nervous investors and consumers.
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Remember: USA evaded Iraq & destroyed it for no reason just lies & put its leaders heads on a deck of cards to be hunted dead or alive for bounty? Where was the UN & EU then? Women's history month shows history of women cowardly running from war & abusing men, boys to fight VP
MARITA VERON ES UN FALSO SECUESTRO HECHO Y EDITADO POR ESTADOS UNIDOS-ITALIA-ISRAEL E INGLATERRA FUERA LA EMBAJADA DE ESTADOS UNIDOS-ITALIA-ISRAEL E INGLATERRA DE TODO PAIS DEL MUNDO POR 50 AÑOS CONSECUTIVOS
Sanctions are always a double-edged sword. So it seems the only winners of this war are the oil-producing countries of the Middle East. The war in Ukraine must be stopped diplomatically, it will end everyone economically.
I can’t imagine one state going Democrat in November. This will be a landslide victory for republicans. The country is in shambles from food shortages to gas prices to inflation on everything. And we’re only in March…..
Its about time governments and political leaders all over the developed World come to their senses. It seems they are bent on going the wrong way!
You are defending Ukrainian Nazism. Ukraine is killing its own people. The troops of Ukraine, hiding behind citizens, place military equipment among multi-storey buildings, mine the houses of their own citizens
America needs price controls to keep Big Oil from price gouging the American People !
2.5% is not sharply. It’s not even a blip. Stop with your hyperbole headlines!!!
Q: how is a country with a GDP the size of Texas capable of sustaining a military the size of the US? A: China! Follow the $$$
Nigeria have enough oil to sale. 🙄
I establish okuku arobunagu, okuku awele dibia, okuku leader, okuku king & okuku ndi mmiri in Ukraine 🇺🇦. May these masculine energies spirits, guide, protect, boost your technology, fight for you & defeat Russia. So mote it be...
Please just help Ukraine 🇺🇦 and throw Putin off his throne! He’s sitting pretty while everyone is dying! I’d rather pay $10.00 a gallon of gas than get anything from Putin! He’s destroying everyone’s life and I’m fed up!
Whom are the sanctions working against now?
They can only ban it in US and Britian. Stop imposing your wish on others or trying to get others involve on Ukraine Russia conflict. If Ukraine knows the agreement they have with Russia, let them go and settle it with them.
Markets won’t return to prosperity until TheDemocrats are out. Hopefully your 401k survives until then
Lol, Shell already has bought Russian oil at the largest discount ever recorded.
Kharkiv region administration informing people that there is no humanitarian corridors, proving the reports that zelenski nazi battalions using civilians as human shields
Thanks Brandon
zelenski nazi battalions placing petrol bombs in kids playgrounds
US shooting themselves in the foot.
People should know that a lot of Russians condemn this invasion and is suffering too. Japan’s financial help is staggering but I’m not so sure if it’s wise considering Japanese folks who needed help is dying alone,hungry and there’s so many of them. No help w/out publicity!
Price I'm willing to pay. Life itself is priceless. Ukrainia needs us, it could be Moldova next and on and on. Fascists cannot be allowed to take over ever again!!!
🤦🏾♂️ losing count on these sanctions 🤦🏾♂️
Biden and Dems guaranteed to lose in November. Biden is a disaster
ngeribetin orang mulu sama ngeluh tiap hari
Great Depression here we come 😂🤚🏼
You miss mean tweets yet?
Stocks are falling because we have an incompetent president and our country is half full of brainwashed leftists.
Biden’s America
I am old enough to remember $2 gas, 37k dow, world peace, affordable groceries, and no inflation
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