Gold prices fell sharply yesterday as investors reacted, as expected, to the latest U.S. inflation data, which came in below expectations. Gold is traditionally seen as a safe-haven asset in volatile economic times and tends to rise when inflation rises. However, the latest CPI data has changed market sentiment, and many market participants now believe that the Federal Reserve may cut interest rates. This has made gold less attractive, leading to a sharp sell-off.

Gold Crashes, Bitcoin Rockets, And Peter Schiff Is Not Happy About It

Gold prices soared to an all-time high on Friday as the dollar weakened on growing expectations for an interest-rate cut from the Federal Reserve in September, and as tensions in the Middle East bolstered demand for bullion. Spot gold was up 1.5% to $2,493.66 per ounce after hitting a record...

Gold rallies to record high on softer dollar, rate-cut expectations

The dollar hung near a seven-month low on Tuesday on wagers the U.S. central bank will start cutting interest rates from next month, with traders preparing for comments from Federal Reserve Chair Jerome Powell on Friday. The focus this week will be on Powell's speech in Jackson Hole, likely keeping...

Dollar at seven-month low on rate cut bets, Powell speech in focus

Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell's speech for indications on how much the central bank will cut rates this year. "Gold prices have been largely steady in the Asian session, seemingly catching a breather as buyers...

Gold steady near record high as investors seek more Fed cues

The spot price of gold set a new record Friday, inching past the $2,500 mark, to briefly hit $2,500.99 an ounce. At the time of publication, the spot price of gold was trading just under $2,500, at $2,499 an ounce. The new benchmark was not unexpected, especially after gold futures...

Spot Gold Price Hits $2,500, Setting New Record

CBS News

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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

From 1,345 Pounds to 139 Pounds: The Remarkable Journey of Khalid bin Mohsen Shaari. In an extraordinary feat of medical science and human determination, Khalid bin Mohsen Shaari, once the world’s heaviest man alive, has shed an astonishing 1,195 pounds (542 kg), thanks to the intervention of Saudi Arabia’s former King Abdullah. Shaari, who initially tipped the scales at 1,345 pounds (610 kg), now weighs a mere 139 pounds (63 kg).

World’s heaviest man alive loses 1,195 pounds in historic transformation

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  The price of gold has been on a remarkable upward trajectory in recent months, shattering numerous price records and attracting the attention of investors across the globe. The trend started early in the year, with gold hitting its first record price of 2024 on March 8. Then, on April 1, gold's price climbed to another new high, only to be eclipsed again in late May.The precious metal's price ascent didn't end there, either. Gold's price ascent continued, with the...

Gold's price surpasses $2,500 an ounce: 4 moves to make now

The Guardian

Biden’s voice was strong and clear, and the crowd was far warmer to him as an outgoing president

Biden at the Democratic convention was unrecognisable from his disastrous debate

Mediaite

Fred Trump III, Donald Trump’s nephew, claimed during a recent interview with Dean Obeidallah that Trump is showing signs of dementia similar to the former president’s father and grandfather. On Friday’s edition of The Dean Obeidallah Show, Trump spoke to Obeidallah about his uncle’s mental health and potential...

‘I Know What I Saw’: Trump Nephew Fred Tells Liberal Host Donald Trump Showing Signs of ‘Dementia’ Like Father And Grandfather

24/7 Wall St.

Three top gold mining companies pay dependable (sometimes big) dividends, and their stocks trade at less than $15 per share.
The post Is Gold Going to $3000? Grab 3 Mining Stocks Under $15 That Pay Big Dividends appeared first on 24/7 Wall St..

Is Gold Going to $3000? Grab 3 Mining Stocks Under $15 That Pay Big Dividends

Bitcoin (BTC) disappointed at the Aug. 16 Wall Street open as rangebound BTC price action contrasted with new record highs for gold. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD surfing both ends of a $1,500 intraday trading range. Having avoided a retest of $56,000 lows from the day...

Bitcoin price stumbles as gold price hits $2.5K for the first time ever

Boston, MA

BurgerFi, the fast-casual burger chain and owner of Anthony’s Coal Fired Pizza, is running out of cash – and options. The company said it may need to file for bankruptcy.

BurgerFi is in big trouble and may go out of business

Reuters

LAUNCESTON, Australia (Reuters) -Gold has been the standout commodity performer so far this year, gaining 18.5% and posting a record high. But the precious metal may become a victim of its own success, with consumer buying at risk from the surge in prices.

Gold's run to record high may crimp demand: Russell

South Carolina State

Martin, SC

The US Sun

A WOMAN who disappeared in South Carolina has been found days after authorities located her abandoned car. Jessica Rapsys, 27, was found safe in Allendale County, about 80 miles from Columbia, on Friday, August 16. Jessica went missing on Tuesday, August 13, while she was traveling through South Carolina from Jacksonville, Florida, to visit her aunt. Around 9:15 that night, police found […]

Missing Jessica Rapsys is found three days after she vanished & left keys and phone inside abandoned car on side of road

San Antonio, TX

A TRAILBLAZER owner was left to pay for an undrivable car – his transmission went out before 30,000 miles. Even though he couldn’t drive his new car for months, he was expected to make his loan and insurance payments. Fernando Garanzuay bought a gently used Chevrolet Trailblazer SUV with only 14,000 miles from a San […]

My new Chevy only had 26k miles when a $3,150 part went out – dealership couldn’t fix it but I still had to pay my bill

Virginia State

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Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

Both gold and silver prices have been heading higher for the year, but the price relationship between the two could portend to silver overtaking gold in the future. Gold has been rising over 20% year-to-date, but silver hasn’t been far behind with a 17% gain. The two could switch leads if the gold-to-silver ratio indicates that silver is close to reaching a bottom.

Gold-Silver Ratio May Signal Buying Opportunity

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. When many couples think about retirement, they imagine walking into their golden years together. But that’s not actually the reality for the vast majority of Americans. Only about 11% of couples retire at the...

I’m 53 and can retire next year with a pension after 30 years of service — but my husband says he needs to work until 65 for our financial security. Should I feel guilty for retiring early?

Connecticut State

Oxford, CT

The governor of Connecticut declared a state of emergency after historic flooding left two dead and prompted hundreds of evacuations over the weekend, he said in a Monday news conference.

Connecticut declares state of emergency after 2 killed and ‘hundreds’ evacuated during flash flooding

NewsBreak

A gold bar is now worth $1 million

The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious...

A gold bar is now worth $1 million

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