Welcome to Red Rock’s Daily Global Gold News
The editorial team at Red Rock Secured diligently searches all the top gold news sources daily to deliver to you the day’s most relevant gold and precious metals market news.
Here’s a look at the top headlines you may have missed this week.
Evergrande missed its more than $83 million interest payment on Thursday. The news sent stocks sliding Friday morning.
Chinese authorities have waved the red flag, signaling local officials to be on guard for Evergrande’s potential demise.
Many experts now expect Fed officials to announce that they’re sitting tight on tapering.
Investors will be closely watching Evergrande this week to see if the property developer will be able to pay out its massive bond interest bill.
Evergrande, a property giant in China, is on the brink of collapsing. However, Ed Yardeni, president of Yardeni Research, says it’s unlikely the fallout would …
Here is a recap of some of the top headlines you may have missed this week.
One expert says the stage is set for silver to break out, it’s just a matter of timing.
E.B. Tucker, director of Metalla Royalty, believes the Fed will never taper bond purchases. He said if they did, the consequences would be “catastrophic.”
A new report shows that Social Security benefits will run out by 2034. Yahoo Finance takes a look at how that affects your retirement plans.
Experts say inflation came down from its 13-year high last month. However, prices are still high compared to before the pandemic.
Biden and some experts believe his new vaccine mandate will not only help protect Americans but also help the economy.
Here is a recap of some of the top headlines you may have missed this week.
A new CNN poll shows that 69% of Americans say things in the country today are going badly.
Economists say a worldwide increase in prices may indicate that today’s above-target inflation numbers won’t last.
Lawyer and author Jill Filipovic believes Americans who are refusing to get vaccinated and mask up are destroying our economy.
Enhanced unemployment benefits, which were put in place during the beginning of the pandemic, have now come to an end.
Here is a recap of some of the top headlines you may have missed this week.
Economic historian Niall Ferguson believes inflation could be repeating history. He says inflation could be repeating the 1960s when former Fed chair, McChesney Martin, lost …
Powell said the Fed is likely to start bond tapering by the end of 2021. However, rate hikes will depend on unemployment numbers.
A new study found that a vast majority of older Americans are not prepared for retirement. However, they still have high expectations for how their …
Experts predict that September will be gold’s best month this year.
On Friday, Fed Chairman Jerome Powell indicated that the central bank is likely to begin tapering before the end of the year. However, he said …
On Friday, investors will hear more on what Fed Chairman Jerome Powell thinks about the economy and monetary policy.
Billionaire “Bond King” Jeffrey Gundlach says gold is going to go much higher. It just has to leave its hibernation mode first.
On Tuesday, the House voted to approve a $3.5 trillion budget resolution, advance a bipartisan infrastructure bill, and move forward with sweeping voting rights legislation.
Goldman Sachs economists believe that in November the Fed will announce the start of tapering its bond purchases.
With economic recovery ongoing, the Fed is set to scoop up about $480 billion in assets between September and December. But officials are now debating …
Here are some of the top headlines you may have missed this week.
Jake Klein, Executive Chairman of gold mining firm Evolution Mining, believes bitcoin investors will return to gold.
Analyst Peter Andersen says the Fed pulling back stimulus support this year would be a “very serious mistake.”
Chart trader, Patrick Karim, believes gold and silver could soon reach their all-time highs.
One economics professor is claiming that President Biden isn’t to blame for inflation.
Experts say strong jobs data and higher inflation readings have paved the way for the Fed to taper its asset purchases and create a reduction …
Here are some of the top headlines you may have missed this week.
The Fed is nearing the time to pull back its financial support created during the pandemic. Officials now must decide how they should do so.
The U.S. budget deficit hit $2.54 trillion for the first 10 months of this budget year, the Associated Press reports.
On Wednesday, officials reported that the Consumer Price Index (CPI) rose 5.4% in July. While the price for everyday items is increasing, experts say it’s …
Eric Rosengren, President of the Federal Reserve Bank of Boston, is the latest person to say that they believe the Fed will soon dial back …
Late Sunday, a coalition of Democrats and Republicans pushed the $1 trillion bipartisan infrastructure package closer to passage despite a few holdouts.
Here are some of the top headlines you may have missed this week.
While the nation’s economy continues to recover from the pandemic, Republicans are placing the blame for rising inflation on Democrats and President Joe Biden.
Hedge fund manager, Diego Parrilla, believes the price of gold could climb to $3,000 to $5,000 per ounce within the next three to five years.
U.S. Treasury Secretary Janet Yellen has called for the passing of the $1 trillion bipartisan infrastructure bill, saying it would help reverse wage and racial …
While the future state of the nation’s economy is unknown, Justin Haskins, Executive Editor of The Heartland Institute, believes it’s going to be a disaster, …
Starting Monday, the Treasury Department will begin taking emergency cash conservation measures to avoid breaking the federal borrowing limit after a two-year debt ceiling suspension …
The Core PCE, a key inflation gauge the Fed uses which excludes food and energy, increased 3.5% year over year in June. According to the …
Thanks to vaccinations and government aid, experts say the U.S. economy grew at a solid 6.5% annual rate last quarter — another sign that the …
White House and Fed officials strongly believe that inflation is only temporary, but what happens if they’re wrong?
Ongoing inflation could lead to the biggest boost to Social Security in nearly four decades. However, experts worry that a major increase may not even …
Economists are keeping a close eye on two things that could pose a threat to our nation’s economic recovery: increasing inflation and new COVID variants.
President Biden has been working with more than 100 countries to pass a 15% global minimum tax. However, Republicans are now warning that the change …
Senate Republicans rejected an effort to begin debating the big infrastructure deal that a bipartisan group of senators brokered with President Joe Biden, but the …
With the emergence of the Delta variant, economists are keeping a close eye on inflation. They say the variant could threaten to ease pricing pressures …
President Biden claims his tax hike is about making corporations “pay their fair share;” however, Americans for Tax Reform President Grover Norquist points out that …
Investor David Tice warns that it’s a “very dangerous” time for investors right now, adding that gold is “truly the place to be” because it …
DoubleLine Capital CEO Jeffrey Gundlach believes the U.S. dollar is “doomed” over the long term. On Thursday, he told CNBC, “…the dollar is going to …
Experts say there could be a 6.1% Social Security cost-of-living adjustment in 2022. That would be the biggest increase since 1983.
Gold prices rose Wednesday as Fed Chair Jerome Powell continued to downplay the growing inflation threat. Yet, he said the central bank will continue to …
Inflation continued to surge in June – the fastest pace in nearly 13 years. The consumer price index increased 5.4% from a year ago, the …
A recent Gallup poll has revealed that nearly 60% of Americans say they’re “thriving” – even as the nation bounces back from the COVID-19 pandemic. …
Economists warn that many investors are watching inflation so closely that they’re forgetting about deflation.
You’re probably sick of paying more for groceries and gas, but did you know that you might actually be getting less than what you’re paying …
A recent analysis shows that Biden’s $6 trillion proposal for the 2022 fiscal budget would “slash economic growth in the long run, even as it …
U.S. manufacturers have been struggling with supply chain issues and material shortages, but now, they’re reporting the biggest price jump in 42 years.
Over the last few days, several experts have expressed their concerns that inflation is here to stay for the next few years. Now, Jeremy Schwartz, …
Experts say gold prices are headed for their best monthly jump since July 2020, adding that a weaker dollar and inflation worries are among what’s …
Red Rock Secured will be sponsoring their second NASCAR race this weekend debuting the white, black, and soft red-orange trim scheme. For the first time, …
