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Spot gold declines to lowest in over 2 years

The spot gold price dropped to its lowest level in more than two years, pressured by a strong US dollar and the rise of US government bond yields amid concerns about prolonged tightening monetary policy and the likelihood of recession. ....

Jerome Powell , Hua Seng Heng , Pornprom Satrabhaya , Stock Exchange Of Thailand Index On , World Bank , Federal Reserve , Gold Research Center , Stock Exchange , Thailand Index ,

MSNBC Velshi June 4, 2024 13:21:00

Driven by? what natural gas prices which are extremely high right now because of russia s invasion of ukraine, plus a very hot summer. we are running the air conditioners full blast this summer. that drives up electricity prices, they re going to continue to go up, especially if it is colder. it is costing the average family about 1300 dollars a year to heat their homes. we have about 18 billion dollars in electricity per family. this really hurts families when they pay that monthly bill. it doesn t feel like aspect as you don t see the sign every time you fill up your tank. but you do pay this every month. this one is a little bit of a trick. for people who don t know what this is, this is a bond. bonds come in various lengths of maturity. this is a two-year bond. we don t talk about this much at all, was a two-year bond important and what is happening? the two year treasury, that is the yield of a two-year treasury, that is the risk, that is the price you get, the payment you got ....

Electricity Prices , Natural Gas Prices , Western Ukraine , Air Conditioners , It Doesn T , 18 Billion , 51300 Dollars , 918 Billion Dollars , Investors Don T , We Haven T , Holding Up On ,

FOXNEWS America Reports June 4, 2024 17:24:00

Fault here rests with the fed. they are trying to raise rates to market levels, a little bit at a time, like taking off a band aid, a little bit at a time. if you must be doing it, just take the band aid off and get it done with, and these guys should let interest rates seek their natural level to where no one would buy a ten year bond today, no reasonable person would buy a ten year bond because of the 3.5% yield. with the inflation the way it is, the economy the way it is, you would require at least a 10% yield or more. the fed has held down the interest rates by buying and buying and buying bonds out of their balance sheet, subsidized inflation and created a society of where inflation is just rampant and they have not done much whatsoever to bring it under control. they need to let interest rates go and seek their own level in a free market. price controls never work, sandra. sandra: as you know, that could inflict some serious, at least short-term pain in the form of potentially ....

Stop It , Interest Rates , Market Levels , Band Aid , 3 5 , Balance Sheet , Price Controls , Free Market , Job Losses ,