Central banks and governments around the world have been implementing expansionary monetary policies, including quantitative easing and low-interest rate policies, to stimulate economic growth. These measures have led to concerns about potential inflationary pressures in the future, which could erode the purchasing power of fiat currencies. As a tangible asset with intrinsic value, gold has been considered a potential safeguard against inflation, as its price has historically tended to rise during times of inflationary pressures.

Kitco Live Gold Prices
RSS GoldSilver.com RSS Feeds
  • The Deadline To Turn in Your Gold – May 1st, 1933 May 2, 2024
    We'll also take you back 91 years to reflect on Executive Order 6102 — one of the most highly controversial pieces of legislation in American history.
  • Starbucks, McDonald's Feel the Pinch as Diners Tighten Belts May 2, 2024
    The long-anticipated consumer pullback in spending is now evident in the restaurant industry, with notable chains like Starbucks, KFC, and McDonald’s experiencing declines in same-store sales. Starbucks saw a significant 17% drop in share prices following a surprising sales dip, attributed partially to adverse weather. Similarly, Yum Brands cited January snowstorms and challenging year-over-year comparisons […]
  • Biden Administration Cancels $6.1 Billion in Student Debt for 317,000 Amid Fraud Claims May 2, 2024
    The Biden administration has announced the forgiveness of $6.1 billion in student debt for 317,000 former students of The Art Institutes, following the chain's closure last fall amid fraud allegations. This move is part of President Biden's broader strategy to address the nation's $1.7 trillion student debt, especially after broader relief efforts were hindered by […]
  • Steady Unemployment Claims Signal Robust U.S. Labor Market May 2, 2024
    Despite a slight stall in worker productivity in the first quarter, the U.S. labor market remains tight, with unemployment claims maintaining a steady, low level last week. Economists are optimistic, attributing the productivity slowdown to seasonal quirks and maintaining a positive outlook for the economy’s performance in the second quarter.
  • Powell Dismisses Stagflation Fears May 2, 2024
    During a recent conference, Federal Reserve Chair Jerome Powell dismissed concerns about stagflation, referencing historical contexts where stagflation involved much harsher economic conditions than those seen today. Despite a GDP growth report of 1.6% and a core PCE price index increase of 3.7%, Powell cited current solid growth and inflation under 3% as evidence against […]