UK retail sales declined the most since early 2021 as consumers brought forward Christmas sales into November, and the high cost of living and interest rate hikes damped household spending. Retail sales declined 3.2 percent month-on-month in December, reversing the 1.4 percent increase in November, figures from the Office for National Statistics revealed Friday. more...
Data prints coming out of the US may fuel the recent advance in the price of gold as the Fed’s preferred gauge for inflation is expected to increase for the sixth consecutive month. more...
The era of cheap money in the US is over after the Fed kickstarted its widely anticipated monetary tightening program by raising interest rates by 25bps this week. And there is a lot more to come. more...
Inflation data next week is expected to beat estimates again and UK finance minister Sunak contemplates billions more in spending to ease the cost-of-living squeeze more...
Chris Vermeulen sits down with Jim Goddard to discuss precious metals and crude oil’s latest moves. We’ve seen a pretty strong pullback in the last trading sessions yet may see crude oil continue to go higher. Copper miners have done exceptionally well and are primed and ready to have a pretty big rally. more...
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