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.
Fed Exploring Digital Dollar, Which Experts Say Could Cause Big Boom for Gold
The Fed is exploring the idea of creating a digital U.S. dollar. Officials say the move could shake up the banking system and give many…
Inflation’s Hotter Than Expected, But Experts Say it Looks Temporary
While consumer prices jumped more than expected in May, experts believe the surge in inflation may be temporary.
Consumer Prices Jump 5% in May, Fastest Pace Since 2008, Experts Say
Consumer prices jumped 5% in May, a pace experts say was last seen 13 years ago.
Gold or Bitcoin? Top Strategist Maps Out His Play for Hedging Against Inflation
Veteran investment strategist David Roche said a combo of bitcoin and gold would be the best way to hedge against a possible debasement of the…
Bitcoin’s a Scam, U.S. Dollar Should Dominate, Trump Tells Fox News
Former President Donald Trump says the U.S. dollar should remain king, adding that Bitcoin seems like a “scam” and is watering down the currency.
G7 Nations Back Minimum Corporate Tax of At Least 15%
The Group of Seven (G7) has backed the United States’ proposal calling for corporations around the world to pay at least 15% tax on their…
Biden Wants Global Min Tax; Experts say G7 Could Provide Crucial Boost
On Thursday, the Treasury Department said corporations around the world should pay at least a 15% tax on their earnings; however, the final rate could…
Fed to Wind Down Program that Helped Economy during COVID Pandemic
The Fed said it is winding down a program that helped the economy during the COVID-19 pandemic. Central bank officials said the time has come…
Global Inflation Reaches Highest Rate Since 2008, Economists Say
Economists agree there is upward pressure on prices. But there is no consensus on whether rising inflation is a temporary phenomenon that will fade as…
Gold Eyes Best Month Since July 2020, Experts Say
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…
Key Inflation Indicator Rose 3.1% in April, Faster Than Experts Expected
Experts say a key inflation indicator rose faster than expected at 3.1% last month as price pressures built in the rapidly expanding U.S. economy.
Senate Republicans Unveil $928B Counteroffer to Biden Spending Plan
Senate Republicans have announced a $928 billion counteroffer to Biden’s $1.7 trillion infrastructure plan.
Inflation is Back; Biden Should be Worried, Analyst Says
One analyst says it’s time to sound the inflation alarm inside of the White House. However, top officials are pushing back on inflation worries, saying…
Inflation Posturing Dividing Investors, Experts Say
Experts say investors are preparing for the risk of higher inflation as the reopening of the U.S. economy gathers steam.
Analysts Question Bitcoin’s Place in a Portfolio, Say Gold’s the Better Stabilizer
Societe Generale analysts say bitcoin’s place in any portfolio is “highly contested,” and still recommend that traders devote most of their attention to precious metals…
Fed Needs to Get Real About Inflation, Analyst Says
Federal Reserve chairman Jerome Powell likes to describe the threat of inflation as “transitory,” but one analyst says he needs a new catchphrase to really…
Strategist Warns of Fed’s Asset Price ‘Monsters’
Experts say investors are now worried that accelerating inflation will force the Fed to pull back stimulus sooner than anticipated. However, Fed officials have largely…
Gold Price Heading for $2K as Bitcoin Plunges, Analyst Says
Gold price is seeing new momentum with prices back above $1,850. Some analysts say it could be receiving support as volatility hammers cryptocurrencies.
Corporate Tax Hike Can Pay for Biden’s Infrastructure Spending: Yellen
U.S. Treasury Secretary Janet Yellen is expected to make a case for raising the corporate tax rate to help fund President Biden’s massive $2 trillion…
Gold and Silver Move Higher as Bitcoin Tanks
Gold and silver are having a decent start to the week. Their success comes during the “demise” of bitcoin, which has fallen 35% since hitting…
Cramer: Lockdown Trade is Dead on New CDC Mask Guidance
The CDC has loosened its guidelines for mask restrictions, but the change may not be good news for some investors.
Musk’s Bitcoin Reversal Sends Cryptocurrency Market into Tailspin
Elon Musk announced Tesla will no longer accept bitcoin as payment for its cars. The surprise reversal has triggered a sharp plunge for cryptocurrency.
Fed’s Endangering Dollar’s Global Reserve Status, Druckenmiller Warns
Investor Stanley Druckenmiller is warning that Fed policies aimed at keeping markets and the economy afloat during the pandemic could end up threatening the long-term…
Stock Futures Slide as Inflation Worries Circle
Stock futures sank Tuesday as more investors looked to sell off their tech stocks as inflation concerns rose. While many focus on the fear of…
Fed Will Lose Control of Inflation or Crash Markets, Economist Warns
Inflation fears are looming, and experts say the markets are not ready to accept higher interest rates, which is putting the Fed in a tough…
Gold Prices Pushing Higher After April Hiring Bust
Some analysts report that the disappointing jobs data will be a significant tailwind for gold prices as it relieves a lot of market pressure for…
Huckabee: Biden’s Latest Plan has $700B Mistake That Will Cost Americans
Mike Huckabee, the former governor of Arkansas, believes Biden’s American Families Plan has a $700 billion budget miscalculation that will impact Americans at every income…
Gold Sees Gains as Legendary Investor Warns of Inflation
Gold prices are higher in morning U.S. trading Wednesday, after seeing selling pressure following news the U.S. Treasury said it may take extraordinary measures to…
Biden’s Tax Hike Will Hurt Economy, Lead to Recession: NC Rep.
North Carolina Representative Madison Cawthorn believes Biden’s proposed tax hike would hurt our economy and lead to a recession.
Experts, Investors Fear ‘Overheating’ Economy, But What Does That Mean?
While the nation’s economy is on the rebound, experts still fear an “overheating economy,” but what does that mean?
5 Ways Biden has Affected Your Wallet in 2021
Despite your political affiliation, there’s no arguing that Biden has affected your wallet since starting his presidency. Here are five ways experts say he’s helped…
Market Had Bullish Start, But Will it Last Through Biden’s Next 100 Days?
According to JPMorgan, in regard to the stock market, Biden has had the best 100-day run for a first-term president in more than 75 years,…
U.S. Economy Rebounding But Still in Deep Hole, Experts Say
While the nation is working its way to a stronger economy, economists say America is still in a “deep hole.”
Fed Staying on Hold Despite Economy Concerns: CNBC Survey Finds
The Federal Reserve will stay on hold for the rest of 2021 despite concerns of an overheating economy, the latest CNBC Fed Survey found.
Rep. Brady: Biden Tax Hike Will Punish Economy, Hurt Small Businesses
Representative Kevin Brady (R-Texas) said Biden’s proposed increase to the capital gains tax would punish the economy and have a negative impact on small businesses…
Report: Biden Proposing Historic 39.6% Capital Gains Tax on the Wealthy
President Biden is reportedly planning a historic tax increase on millionaire investors to help overhaul the nation’s economy.
Economic Growth to Peak Within Next 1-2 Months, Analysts Say
According to a prediction by Goldman Sachs analysts, U.S. economic growth will slow between July and September and then begin to decline. They also fear…
Biden’s Economic Plans Will Help U.S. Compete With China: Former Treasury Sec.
Former Treasury Secretary Jacob Lew said President Joe Biden’s plans to bolster the nation’s economy could help the U.S. compete with China’s massive Belt and…
Bank Analyst: Fed is ‘Out of Control, Printing Money Like Wild Men’
Odeon Capital chief financial strategist Dick Bove said the Fed is “out of control” and is “printing money like wild men.”
Biden’s Corporate Tax Plan Could Backfire, Experts Warn
President Biden’s infrastructure plan has been scrutinized and praised for weeks. Now, tax experts are warning the plan could backfire on the nation and the…
Suze Orman Thinks Market Crash Could Be Nearing
While some financial experts think the economy is on the right track, financial advisor Suze Orman says she’s preparing for the next stock market crash,…
What Will Happen to the Economy Once Stimulus-fueled High Wears Off?
Experts say the U.S. economy is expected to show its biggest growth since 1984. A major driving force behind that growth is stimulus spending, and…
Investors Putting Billions More into U.S. Stocks Than China’s, Data Shows
According to data from EPFR Global, investors are funneling billions more into U.S. stock funds than Chinese ones.
Stock Futures Drop as U.S. Calls for Pause on Use of J&J COVID Vaccine
While the stock market has been riding high since the creation of several COVID-19 vaccines, that wave came crashing down on Tuesday.
Biden’s Tax Hikes Will Make U.S. Less Competitive, Analyst and Economist say
Some experts argue that President Biden’s “Made in America Tax Plan” would actually reduce the incentive to make most things in America.
Biden’s China Policy Tougher on Financial Firms than Trump’s, report says
According to Cowen Washington Research Group, “President Biden represents a greater risk for financial firms on the China front than President Trump.”
Peter Thiel Worried China May Use Bitcoin as ‘Financial Weapon’ Against U.S.
Billionaire venture capitalist Peter Thiel, who is known to be pro-bitcoin, said he’s worried that China may be using bitcoin as a financial weapon against…
Jamie Dimon Thinks Economic Boom Could Last Until 2023
Jamie Dimon, the long-serving JPMorgan Chase CEO, believes the nation’s economy is about to see a big boom that could last until 2023. However, that…
U.S. Economy to Grow at Fastest Pace since 1984, IMF says
While many have condemned President Joe Biden’s $1.9 trillion stimulus package, others say it will boost the nation’s economy and drive global growth. In fact,…
Stock Market Powers into Q2; Experts Warn Investors to be Wary
While stocks rose in Q1, giving the market a strong start to 2021, experts predict the market is set to undergo a few “exaggerated scares.”
Demand for Silver is Higher Than Gold Right Now, LBMA Data Shows
According to LBMA, silver is more in demand right now; however, experts say that doesn’t mean you should stop watching gold just yet.
Where Money From Biden’s $2 Trillion Infrastructure Plan Would Go
While many are worried about government spending during the pandemic, others are worried about saving for later in life.
Red Rock Secured Teams Up With Joey Gase and Rick Ware Racing for the 36th NASCAR All-Star Race
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,…
