The euro fell significantly against the US dollar Wednesday due to concerns about a drop in energy supplies in Europe. The euro dropped as low as $1.05. The currency dip happened as a result of Russian state energy company Gazprom’s halted natural gas to Bulgaria and Poland. Moscow recently announced […]
Important Fed Inflation Gauge Jumped 5.2% for March Apr. 29, 2022 March’s personal consumption expenditure (PCE) prices, which excludes energy and food, grew 5.2% from a year ago. Core PCE, including energy and food, rose 6.6% which is the fastest rate recorded since 1982. Workforce cost accelerated 1.4% for the […]
It’s no secret that the Kremlin has been a proponent of a gold-backed ruble. Now it appears they’re set to make it happen—but how? The central bank in Russia has fixed the value of the ruble to gold. This action follows the unwelcomed interventions by the U.S., the U.K., and […]
Silver coins have grown in popularity during the last couple of years. Investors and collectors look to the precious metal as not only a valuable asset but also a beautiful work of art. Silver comes in a variety of forms, the most popular being in the form of coins and […]
The Commodity Exchange Inc. (COMEX) is a commodity exchange based out of New York City where buyers and sellers trade precious metals. The Chicago Mercantile Exchange owns COMEX and is the world’s largest options and futures metals exchange. Currently, COMEX operates a clearinghouse for gold, silver, platinum, palladium, […]
