Commodities
Bread causing $10-per-loaf sticker shock as inflation surges
Bread prices are becoming another source of sticker shock for grocery shoppers during a period of decades-high inflation, according to a report. The price of artisanal bread and other premium options has hit $10 per 2-pound loaf at some grocery stores – turning a pantry staple into a pain point for consumers already facing financial headaches…
Read MoreGold hits 8-month high as Ukraine-Russia conflict escalates
Gold touched an eight-month high on Thursday, after Russian news reports of a mortar fire in eastern Ukraine boosted demand for the safe-haven metal and as less hawkish signals from U.S. Federal Reserve’s last meeting minutes underpinned bullion. Spot gold rose 1.5% to $1,897.21 per ounce. U.S. gold futures gained 1.6% to settle at $1,902…
Read MoreGold prices will nearly double to a record $3,000 as central banks fuel ‘financial repression,’ Bank of America says
Gold will rally 80% over the next 18 months as central-bank stimulus and economic turmoil drive record interest, Bank of America analysts forecast in a Monday note. Monetary authorities are spending trillions of dollars to keep economies above water. The widespread spending will place incredible pressure on currencies, pushing investors to gold and its scarcity, the bank’s analysts…
Read MoreGold-buying app sees 718% spike in volume as coronavirus volatility drives investors to havens
‘Sales are going through the roof,’ says CEO of gold app Glint CEO Jason Cozens is the founder of Glint Pay Services. Supplied by the Glint Gold-buying apps, which allow customers to buy and use the precious metal for everyday spending, are seeing record volumes as investors flock to the safe-haven commodity amid violent market…
Read MoreOpinion: Gold isn’t necessarily an investment — it’s life insurance
Physical gold is an important asset when the world goes haywire I have always secretly wanted to work at a precious metals bullion dealer. I love gold GC00, +0.59%. And silver and platinum. I love them philosophically, and I also just like shiny rocks. But if you think about it, trading metals is a really weird business.…
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