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Comparing U.S. and Japanese consumer inflation figures clearly shows the advantage is with the U.S. economy.

Gold prices retreated from a three-month high as the US Dollar strengthened alongside the 10-year Treasury yield. Wednesday’s US inflation data will be closely eyed by bullion traders.

By: Dave Roos  |  Updated: May 12, 2021 " " A sign announces the day's gas prices at a station in Annapolis, Maryland, on May 12, 2021. Fears that the shutdown of the Colonial Pipeline because of a cyberattack would cause a gasoline shortage led to some panic buying. JIM WATSON/AFP via Getty Images Critics of any president are quick to blame the commander in chief for things that are totally beyond his or her control. (Of course, presidents and their supporters are equally quick to take credit for things that are beyond their control.) The price of gasoline is a...

Texas Airlifts Water With Ice Covering Roads: Energy Update Bloomberg 2/20/2021 Joe Carroll, David Wethe and Josh Saul © Bloomberg A snow covered road near the Texas State Capitol Building in Austin, Texas, U.S., on Wednesday, Feb. 17, 2021. (Bloomberg) -- The Texas power grid has returned to normal operations as a historic cold blast eases, but the impact of the deep freeze is still leaving towns without water, homes yet to be reconnected to electricity supplies and highways chocked with ice and snow. Texas emergency officials are airlifting pallets of bottled water to c...

Iron Ore Rockets To $160 A Ton And China Cries Foul Like all trade wars the David v Goliath fight between China and Australia is morphing into a lose/lose game of point scoring with China trying to humiliate its smaller target only to see Australia skip away unscathed, so far. What started with China banning the import of Australia barley and other farm products has been ratcheted up with the imposition of punitive tariffs on wine and a formal ban on Australian thermal, or electricity-producing, coal. The net result of China’s tariff attack and import bans has been totally negated by a shar...