Diamond News Archives
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The price of gold may reach about $2,100 an ounce, up from its present price of around $1,800 per ounce by the end of 2022. However silver prices, could hit $40 -- roughly double from where they are today if certain conditions are met.
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The House passed the bill this week with little fanfare and broad bipartisan support.
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Well, it has been a cringe-worthy year+ under President Biden. West Texas Intermediate Crude futures price is up 91% and the Commodity Research Bureau Foodstuffs index is up 47%. Talk about Biden’s energy folicies being passed through to American households in the form of higher food costs and energy prices!
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Gold futures ended higher on Thursday, stretching their streak of gains to a fifth session in a row - the longest run of consecutive gains since November. The rise for the metal came in the wake of data showing the U.S. consumer price index rose by a more than expected 0.6% in January to 7.5%, a 40-year high.
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The Average Household Is Spending an Extra $250 a Month - $3,000 per Year, Due to High Inflation: MW
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“This vicious cycle was behind the high inflation we suffered more than 30 years ago,” Sweet wrote. “The Fed views the risks of a regime of high inflation as greater than the downside risks of low inflation.”
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