Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold prices hit record highs earlier this year before pulling back as the prospect of higher-for-longer interest rates dampened investor enthusiasm for the precious metal. But interest in the asset has grown after June's softer inflation data and some recently dovish comments from Federal Reserve Chair Jerome Powell combined to raise the odds of rate cuts coming this year. Markets are pricing in 100% odds of a rate cut in September now, according to futures trading tracked by the CME FedWatch tool.

Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates

Gold futures closed the week at $2,416.30, up $18.60 per ounce, or 0.78%. Gold stocks, as measured by the NYSE Arca Gold Miners Index, ended the week higher by 5.73%. The S&P/TSX Venture Index came in up 1.36%. The U.S. Trade-Weighted Dollar fell 0.75%. Strengths. The best performing precious metal...

Gold SWOT: Uganda Plans To Start Domestic Gold Purchases To Build Forex Reserves

New York Post

The Dow Jones Industrial Average continued to set record highs Tuesday, boosted by UnitedHealth’s strong results and growing confidence that the Federal Reserve will cut interest rates in September.

The blue-chip index Jones jumped 597 points, or 1.5%, to 40,809 in afternoon trading to build off Monday’s momentum. 

The Nasdaq slipped 0.2%, while S&P 500 was up 0.4%. 



UnitedHealth Group jumped 4.3% following a second-quarter profit beat, lifting the blue-chip Dow and the S&P 500 Health Care index to all-time highs.

Delta shares plunge after lower-than-expected profit forecast despite surge in travel

Among other corporate earnings, Bank of America jumped 3.6% after an upbeat net interest-income forecast and better-than-expected second-quarter profit, steering the...

Dow soars more than 500 points, sending Wall Street to new highs on rate-cut hopes

As of today’s reports, U.S. stocks on the stock market are currently climbing toward record highs, as Wall Street continues seeing various shares gain value. The S&P 500 rose 0.3%, approaching its most recent all-time high from last Wednesday. The primary catalyst for this increase is being attributed to...

Stock Market Performance Reaches Record Highs With Risk

Reuters

(Reuters) -The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, while a sharp gain in the Japanese yen sparked speculation of a possible intervention in the currency.

Dollar drops, yen surges as consumer prices fall in June

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

In a recent episode of the Money Metals Podcast, host Mike Maharrey interviewed David Morgan, a renowned precious metals analyst and founder of the Morgan Report. The conversation covered a wide array of topics, from inflation and its impacts on precious metals to the dynamics of the silver market and the potential for platinum. Morgan shared his insights on current economic trends, historical perspectives, and future predictions.

Navigating Inflation and Precious Metals: Insights from David Morgan on Gold, Silver, and Platinum Markets

WESTLAKE, TX – In a recent transaction, Jonathan S. Beatty, the Managing Director and Head of Advisor Services at Charles Schwab Corp (NYSE:SCHW), sold shares of the company's stock, with the total sale amounting to approximately $58,500. The transaction was conducted on July 11, according to a Form 4 document filed with the Securities and Exchange Commission.

Schwab executive sells $58.5k in stock, buys $34.5k worth

Pennsylvania State

Butler, PA

(Reuters) - The gunman who tried to assassinate Donald Trump fired from a rooftop that the U.S. Secret Service had declared to be outside its security perimeter -- a fatal omission that the agency should not have made, according to two of its former officials. Two local Pennsylvania police officers...

Trump gunman shot from roof that wasn't secured by any agency

Any views expressed here are of the writer and do not reflect a house view from NASDAQ. Daily June average compared with daily average for 2023. Welcome to our monthly round-up of the LBMA OTC trading volumes in gold, silver, platinum and palladium, as recorded on a daily basis by the Association. These are split into spot, swap/forward, options and LoanLeaseDeposit (LLD) and give a flavour of the markets’ activity and how they were influenced by external forces and news items.

LBMA Precious Metals market volumes, June 2024, and their significance

Recall a week ago (per “Gold Gives Thanks as the Economy Tanks”) our having itemized an array of fundamental Gold positives, albeit there still continue technical Gold negatives, price thus having been somewhat conflicted. However, as rightly therein written: “… at the end of the day — regardless what technicals shout — ’tis by fundamentals Gold will out …”

Gold Fights the Negatives; Eyes Higher Determinatives

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Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Roth MKM trimmed its oil prices forecast for 2024 amid heightened geopolitical risks and declining global oil inventories this summer. The investment bank’s 2024 Crude Oil WTI Futures oil price estimate now sits at $80 per barrel, down from the previous forecast of $82. Brent oil price projection was also reduced by 3%, from $86.50 per barrel to $84 per barrel, due to a slightly weaker-than-expected first half of 2024 and the anticipated return of some OPEC+ barrels later in the year.

Roth MKM cuts its oil prices forecast for 2024

NEW YORK (Reuters) -World stock indexes mostly rose and the U.S. dollar gained against the yen on Tuesday after solid U.S. retail sales data was taken as supporting prospects the Federal Reserve will ease rates to rein in inflation while aiming to avoid a recession.

Stocks rise, dollar flat on solid data and rate cut prospects

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Denver, CO

David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

On Monday, Morgan Stanley has reiterated its Overweight rating on Apple shares (NASDAQ:AAPL), raising the price target to $273 from the previous $216. The firm emphasizes the potential of "Apple Intelligence" to initiate a significant multi-year upgrade cycle for Apple's products. This upgraded outlook is based on the anticipation that...

Morgan Stanley raises Apple stock target, rated Overweight

NewsBreak

Gold prices rise, close to record highs as rate cut bets mount

Investing.com-- Gold prices rose in Asian trade on Tuesday, coming within sight of new highs amid increased bets that the Federal Reserve will begin cutting rates...

Gold prices rise, close to record highs as rate cut bets mount

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