Starting July 1, 2025, minimum wage rates will rise in 15 states and cities, affecting hundreds of thousands of workers across the United States. The increases are part of scheduled adjustments and local ballot measures designed to keep wages aligned with inflation and cost-of-living changes in each jurisdiction. In total, more than 880,000 minimum-wage workers … Read more

Gold eased 0.4% to $2,744.49 per ounce after touching a three-month high, with technical indicators signaling a mildly overbought market as the relative strength index (RSI) sits around 64. Traders are weighing the potential economic impact of proposed tariffs announced by President Trump: a 25% duty on imports from Canada and Mexico, 10% on goods … Read more

Wall Street banks have launched a concerted effort to reshape capital rules, encouraged by the prospect of President Trump’s return to the White House and recent successes in persuading regulators to scale back proposed Basel capital requirements. Major firms such as JPMorgan Chase, Bank of America and Goldman Sachs are pushing for a range of … Read more

Gold Steady as Investors Eye Friday’s Inflation Data Gold prices remain steady as investors await a key economic release on Friday: the personal consumption expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge. Spot gold is trading near $3,400 an ounce, while December futures sit around $3,447. Market participants are largely pricing in a September … Read more

February proved to be a strong month for metals, with the Global Precious Metals Monthly Metals Index rising 7.36%. Gold extended its record-breaking run, touching $2,942.70 per ounce and prompting major institutions to raise their outlooks: UBS now expects a peak near $3,200, while Goldman Sachs has a year-end target of $3,100. Silver also exhibited … Read more

A U.S. recession that was once seen as unlikely has emerged as a real possibility. Financial markets are sending clear warning signs: 10-year Treasury yields have dropped by roughly 70 basis points in recent weeks, and oil prices have fallen below $70 per barrel. These shifts coincide with weaker economic data and mounting uncertainty about … Read more

Switzerland’s gold industry has pushed back against Swatch CEO Nick Hayek’s suggestion to impose a 39% export tax on gold bars bound for the United States. Hayek floated the idea as a retaliatory response after President Trump announced 39% tariffs on Swiss goods, a move he later clarified would not include gold. Despite that clarification, … Read more

Treasury yields ticked higher following the release of April’s consumer price index, which showed a 2.3% year‑over‑year increase — slightly below market expectations. Investors reacted to the softer‑than‑forecast inflation reading by adjusting fixed‑income positions, but markets remain cautious given ongoing policy uncertainty. The April inflation print suggests that headline inflation continues to moderate from its … Read more

January 2024 brought a notable shift in global currency markets, led by a stronger Japanese yen that posted its best January performance since 2018. The yen rose about 1.6% over the month, even after some weakness toward the end of January. Investor expectations of further Bank of Japan (BOJ) rate hikes underpinned the yen’s advance. … Read more

Gold prices rose as investors grew more optimistic about potential U.S. interest-rate cuts and became increasingly concerned about uncertainty in global trade policy. Federal Reserve officials offered mixed views on how tariffs could affect inflation, but several policymakers — including Governor Christopher Waller — have signaled openness to lowering rates. Expectations of easier monetary policy … Read more