Gold rises as a weaker US Dollar and uncertainty around monetary policy continues. ISM data later today before all attention turns to US jobs data later in the week. Trendline break and price action hint at at a potential rise toward the $2370 resistance handle. Market participants are closely watching...

Gold Price Update: XAU/USD rises as search for catalyst rumbles on

Early 2023 served as a stark reminder that correlations can break down when least expected. Last year, a decline in the copper/gold ratio led many investors to anticipate a fall in longer-term yields, particularly for the 10-year Treasury note. However, these expectations were shattered as yields not only increased but surged to multi-decade highs by October. This episode underscores the challenge of relying too heavily on old assumptions. In this report, we’ll delve into the dynamics between the copper/gold ratio and 10-year yields and explore whether this historical connection has been permanently severed.

Copper, Gold, Treasurys, and the New World

Julie Fox, UBS Wealth Management, joins 'Closing Bell' to discuss the trading day.

UBS' Julie Fox expects the Fed's first rate cut to happen in September

Fox Business

A report released by the World Gold Council in June found that central banks added the second most gold reserves on record in 2023 as analysts see a potential price surge.

Central banks grew their gold reserves in 2023 as analysts see potential price surge

Markets Insider

The stock market is in for a correction, as a trio of unfavorable factors will weigh on equity prices, according to Sam Stovall, chief investment strategist of CFRA Research. The Wall Street veteran pointed to the strong performance of stocks so far this year, with the S&P 500 up 15% in 2024. However, the benchmark index is poised to dip 5%, he predicted, thanks to the bearish setup in interest rates, inflation, and stock valuations.

A stock market correction is coming as rates, inflation, and valuations darken the outlook for investors, strategist says

Claudia Chee, 32, has a love for all things Costco. She's furnishing her new apartment with items from the store. She created the Instagram account @CostcoClaudia, where she models clothing and shares her experiences. She earns about $7,000 a month as an influencer, as well as around $5,000 a month from her job as a piano teacher.

I bought all my furniture at Costco for $5,000: Take a look inside

Solus' Dan Greenhaus, Charles Schwab's Kevin Gordon and Wells Fargo's Sameer Samana, join 'Closing Bell' to discuss markets, recapping the first half of the year and what he expects for the second half.

Watch CNBC’s full interview with Solus' Dan Greenhaus, Charles Schwab's Kevin Gordon and Wells Fargo's Sameer Samana

Gold and silver have captivated investors for centuries, offering a potential hedge against inflation and economic uncertainty. Whether you're a seasoned investor or just starting out, these precious metals can add a layer of diversification to your portfolio. Precious Metal Prices Today. Gold has performed very well in 2024, climbing...

How to invest in gold and silver using Prepper Bars

Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC’s “Halftime Report” to explain why he's trimming Nvidia.

Trade Tracker: Steve Weiss trims Nvidia

Fremont, CA

At 32, after 12 years of living rent-free with my parents in the San Francisco Bay area, I was ready to move into my own place. I had saved $400,000 and had the flexibility to make the leap, but whether it was uncertain streams of income, wanderlust and mostly, the financial benefits of staying put, something had been holding me back. Until November 2023, when I visited a friend at their Fremont, California, apartment complex.

33-year-old pays $2,146/month for 556-square-foot studio in California furnished 'almost entirely with Costco': Take a look inside

Stocks are indicated higher Monday following a slight decline last week. That is despite the yield on the 10-year Treasury surging higher to about 4.44%; it was as low as 4.263% early Friday. Monday marks the first day of the third quarter. The top-performing Club stocks in the second quarter had one thing in common: the AI trade.

10 things to watch in the stock market Monday including a defense of Abbott Labs

CNBC's Jim Cramer on Friday analyzed stocks that helped the S&P 500 see significant gains this year so far, highlighting the top 10 performers during the second quarter. Many of last quarter's winning companies are involved with energy and data centers. reach significant gains this year, highlighting the top 10...

Jim Cramer reviews 10 stocks leading the S&P 500 in the second quarter

USDA loans allow eligible homebuyers to get zero-down-payment mortgages in rural areas. Because they're backed by the U.S. Department of Agriculture, these loans have lower rates and more flexible credit requirements than conventional mortgages. They also don't require private mortgage insurance, which can add more than 2% to your loan annually.

What is a USDA loan and am I eligible?

Oil prices have surged over the last three weeks as geopolitical tensions climbed, although concerning economic data in the U.S. could drag prices back down. All eyes are fixed on US inflation data as crude oil prices have maintained their hot streak and are set to end this week with a third weekly gain. Surging geopolitical tensions around Israel and Lebanon have overshadowed slackening economic data from the US in May, with every single day this week posting a day-on-day increase and Brent set to finish the week at $87 per barrel.

Markets Await Inflation Data as Oil Prices Continue to Rally

Reuters

NEW YORK (Reuters) - The quarter end saw substantial inflows into the Federal Reserve Bank of New York's reverse repo facility on Friday. The bank reported inflows into a tool designed to set a floor underneath short-term interest rates stood at $664.6 billion, the highest level since $680 billion seen on Jan. 10.

New York Fed says reverse repo inflows hit highest level since start of year

Newark, NJ

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Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

Götene, about 200 miles from Stockholm, is selling plots of land starting at 1 krona per square meter or nine US cents per 10 square feet. Buyers must build a home on the land with plans to either live there permanently or use it as a vacation property, according to CNN.

This scenic town in Sweden is selling cheap land to get people to move there: 'We can bring you a high quality of life,' mayor says

Although the unemployment rate is just 4%, there is a growing share of young adults not working. "NEETS" are opting out of the labor force by choice. Others, referred to as "new unemployables," are struggling to find employment despite their best efforts. Although the unemployment rate has spent 30 months...

'NEETS' and 'new unemployables' — why some young adults aren’t working

Interest rate cuts and continued earnings growth will power the Dow Jones to above 100,000 within the next decade. "Stock prices love strong earnings and lower interest rates," Main Street Research CIO James Demmert said. Demmert said investors should overweight technology stocks on a continued AI boom. A powerful cocktail...

The Dow Jones will eclipse 100,000 on a 'turbo booster' combo of earnings growth and Fed rate cuts, Wall Street CIO says

During this unusually newsy summer Friday, you may have missed one positive update: The latest inflation data confirms that price increases are in fact decelerating. The personal consumption expenditures price index (PCE), which is the Fed’s chosen gauge for inflation, showed core costs rose 0.08% in May, its smallest increase since late 2020. Core PCE, which excludes energy and food, is up about 2.6% from a year ago, in line with expectations, and 0.2% lower than in April.

Finally some good inflation news

NewsBreak

Gold holds ground as investors await U.S. jobs data

Gold prices edged higher on Monday, buoyed by some short covering from investors with focus turning to U.S. jobs data due later this week that could...

Gold holds ground as investors await U.S. jobs data

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