The price of gold is determined by market supply and demand - just like the price of any commodity. Image: Picture 1 Just over 48% of mined gold is used to make jewellery. Only 6% of mined gold is used in industry. It is worth considering that gold is a rare metal with limited reserves. Gold is not just an exchange-traded commodity, but also an important economic indicator.
As the Federal Reserve prepares to cut interest rates, Americans will need to adjust their bond and income portfolios to capitalize on current yields and protect against future market shifts. Recent economic data on employment and inflation has reinforced expectations of imminent rate cuts.
While supply falls next week as investors await their first Fed rate cut in four years, it should pick up after the FOMC, Barclays PLC said, adding the 30-day visible pipeline "is at relatively manageable levels at the moment." Bond Buyer 30-day visible supply is at $10.09 billion.
Interest rate cuts can significantly influence cash movement into money markets, but the popular belief that this maneuver automatically drives stock market gains is often overstated. Earlier this month, JPMorgan strategists stated in a research note that the Federal Reserve?s anticipated rate cuts might not be sufficient to drive a new surge in the stock market.
Household ownership of individual bonds was the largest category of muni ownership at 44.6%, mutual funds at 19.2%, exchange-traded funds at 3.1% and U.S. banks at 12.4%. While not detailed in the Federal Reserve data, SMAs may hold up to $1.6 trillion currently.
President Joe Biden's so-called billionaire tax supported by Vice President Kamala Harris, which would tax unrealized gains from assets including bonds, would raise $500 billion over 10 years, according to Sen. Elizabeth Warren, D-Mass.
Millicom subsidiary Telef?nica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027 Luxembourg, September 13, 2024 ? Millicom?s subsidiary Telef?nica Celular del Paraguay S.A.E today announces its intent to redeem $150,000,000 aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027 on September 23, 2024.
The average American consumer is more optimistic than expected in September, data shows. According to the University of Michigan?s September Survey of Consumers, the consumer sentiment index rose to its highest level in four months, surpassing economic estimates.
The Indiana Budget Committee has approved $50 million in funding for bond financing that would bring water from an Indianapolis utility to the city of Lebanon.
California's state government typically pushes out billions of dollars of debt from August to November. This year there may be a shift in buy side sentiment.
A decent jobs report last week and speedier than expected inflation data this week had most assuming the U.S central bank would initially proceed cautiously as it begins a monetary easing cycle.
Over a long, successful career, former New York City Director of Management and Budget Mark Page has shaped more than his share of public finance innovations.?
Moody?s has upgraded its long-term deposit ratings to investment grade Baa3 from Ba1 with a stable outlook for Kaspi Bank, a core part of Kaspi.kz?s Fintech Platform. According to Moody?s: The improving operating environment in Kazakhstan led Moody?s on 9 September 2024 to upgrade its Kazakhstan government rating to Baa1 from Baa2, with a stable outlook.
Municipal bond mutual funds saw inflows as investors added $1.258 billion to funds ? the second-largest inflow figure year-to-date after $1.413 billion of inflows for the week ending Jan. 31.
Opendoor Technologies Inc. (OPEN), a leading e-commerce platform for residential real estate transactions, today announced that David Benson, former President of Fannie Mae, has been appointed to its Board of Directors, effective immediately. ?I am thrilled to welcome David to our Board. ?I am pleased to join the Board of Opendoor,? said Mr. Benson.
The agencies are overstepping their statutory authority in trying to force the market to adopt a new securities identifier, says the American Bankers Association.
A report by the Securities Industry and Financial Markets Association shows that the move to a T+1 settlement cycle has struck the right balance between increasing efficiencies and mitigating risk.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.20 percent. ?Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023,? said Sam Khater, Freddie Mac?s Chief Economist.
The Bank of Russia announced on Thursday that by July 1, 2025, the country?s largest banks will be required to provide full digital ruble services to their clients, marking a significant step toward the widespread use of the national digital currency.
Clean Power Alliance, California?s largest Community Choice Aggregator serving more than three million residents and businesses throughout Los Angeles and Ventura counties, has issued its third municipal non-recourse Clean Energy Project Revenue Bond through the California Community Choice Financing Authority.
Price pressures faced by U.S. producers eased in August, marking the slowest year-over-year increase since February in data released Thursday. The headline Producer Price Index showed sharper-than-anticipated deceleration, while core inflation remained stable. Additionally, labor market data indicated a small uptick in initial jobless claims, aligning with economist expectations.
Price pressures faced by U.S. producers eased in August, marking the slowest year-over-year increase since February in data released Thursday. The headline Producer Price Index showed sharper-than-anticipated deceleration, while core inflation remained stable. Additionally, labor market data indicated a small uptick in initial jobless claims, aligning with economist expectations.
On Thursday, the European Central Bank lowered interest rates by 25 basis points, a largely anticipated move. "Based on the Governing Council's updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction," the bank writes.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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