Jerry Lin
The Latest
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Dual Boost from Rate Cut Expectations and Trump Incident: Gold Prices Near Record High
Market expectations for a Federal Reserve rate cut in September, combined with the recent assassination attempt on Donald Trump, drove gold prices higher on Tuesday, nearing their all-time high. 
Market expectations for a Federal Reserve rate cut in September, combined with the recent assassination attempt on Donald Trump, drove gold prices higher on Tuesday, nearing their all-time high. -
U.S. Retail Sales Defy Expectations, Hinting at Economic Resilience
Retail sales in the U.S. remained flat in June, defying Wall Street's predictions of a decline, indicating a resilient consumer sector despite signs of a slowing economy. Economists had expected a 0.3% drop in spending, according to Bloomberg data. Instead, retail sales held steady, with May's sales also revised higher to a 0.3% increase from a previously reported 0.1%, as per Census Bureau data. 
Retail sales in the U.S. remained flat in June, defying Wall Street's predictions of a decline, indicating a resilient consumer sector despite signs of a slowing economy. Economists had expected a 0.3% drop in spending, according to Bloomberg data. Instead, retail sales held steady, with May's sales also revised higher to a 0.3% increase from a previously reported 0.1%, as per Census Bureau data. -
Japan Suspected of Massive Yen Intervention Amidst Volatile Currency Markets
Japan's government remains vigilant over the yen's volatile behavior, signaling potential interventions in currency markets to stabilize its value. Chief Cabinet Secretary Yoshimasa Hayashi affirmed on Tuesday that Tokyo is prepared to deploy all necessary measures to counter excessively volatile currency movements, maintaining market anticipation for further interventions. 
Japan's government remains vigilant over the yen's volatile behavior, signaling potential interventions in currency markets to stabilize its value. Chief Cabinet Secretary Yoshimasa Hayashi affirmed on Tuesday that Tokyo is prepared to deploy all necessary measures to counter excessively volatile currency movements, maintaining market anticipation for further interventions. -
China's Central Bank Holds Rates Steady Amid Yuan Pressure and Economic Slowdown
China's central bank, the People's Bank of China (PBOC), maintained its key policy rates unchanged on Monday, signaling a likely hold on the benchmark lending rate later this month. This decision comes as the nation grapples with mounting pressures on its currency and a slowing economy. 
China's central bank, the People's Bank of China (PBOC), maintained its key policy rates unchanged on Monday, signaling a likely hold on the benchmark lending rate later this month. This decision comes as the nation grapples with mounting pressures on its currency and a slowing economy. -
Gold Prices Dip Amidst Strong Dollar and Anticipation of Fed's Rate Path
Gold prices saw a slight decline on Monday, pressured by a firm U.S. dollar as investors awaited comments from Federal Reserve officials and key economic data to gauge the future trajectory of U.S. interest rates. Spot gold decreased by 0.3% to $2,419.79 per ounce, while U.S. gold futures edged down by 0.2% to $2,424.90. 
Gold prices saw a slight decline on Monday, pressured by a firm U.S. dollar as investors awaited comments from Federal Reserve officials and key economic data to gauge the future trajectory of U.S. interest rates. Spot gold decreased by 0.3% to $2,419.79 per ounce, while U.S. gold futures edged down by 0.2% to $2,424.90. -
Silver Bull Market on the Horizon as Gold-to-Silver Ratio Breaks Key Level
As the gold-to-silver ratio breaks through a critical support level, silver may be entering a new bull market. 
As the gold-to-silver ratio breaks through a critical support level, silver may be entering a new bull market. -
US Wholesale Inflation Rises in June, Challenging Fed's Rate Cut Plans
Wholesale prices in the United States rose more than anticipated in June, indicating that some inflationary pressures persist despite recent signs of easing. The Labor Department reported that the Producer Price Index (PPI) increased by 0.2% from May to June, surpassing economists' expectations of a 0.1% rise. On a year-over-year basis, wholesale prices were up 2.6%, marking the sharpest increase since March 2023. 
Wholesale prices in the United States rose more than anticipated in June, indicating that some inflationary pressures persist despite recent signs of easing. The Labor Department reported that the Producer Price Index (PPI) increased by 0.2% from May to June, surpassing economists' expectations of a 0.1% rise. On a year-over-year basis, wholesale prices were up 2.6%, marking the sharpest increase since March 2023. -
Bitcoin Drops Below $57K Amid Mt. Gox Fears and Miner Capitulation
Bitcoin prices slumped on Friday, reversing a recent rally as traders remained apprehensive about the ongoing selling pressure from the distributions by the defunct exchange Mt. Gox and the capitulation pressure on major miners. Despite softer-than-expected U.S. inflation data raising hopes for Federal Reserve interest rate cuts starting in September, Bitcoin failed to find support and continued its downward trajectory. 
Bitcoin prices slumped on Friday, reversing a recent rally as traders remained apprehensive about the ongoing selling pressure from the distributions by the defunct exchange Mt. Gox and the capitulation pressure on major miners. Despite softer-than-expected U.S. inflation data raising hopes for Federal Reserve interest rate cuts starting in September, Bitcoin failed to find support and continued its downward trajectory. -
US Jobless Claims Drop as Labor Market Shows Resilience Amid Fed Rate Hikes
The number of Americans filing new applications for unemployment benefits dropped more than expected last week, highlighting the resilience of the US labor market despite ongoing economic headwinds. 
The number of Americans filing new applications for unemployment benefits dropped more than expected last week, highlighting the resilience of the US labor market despite ongoing economic headwinds. -
US Inflation Falls to Three-Year Low as Gas Prices and Vehicle Costs Drop
In a promising development for the U.S. economy, the monthly inflation rate fell in June, bolstering the case for the Federal Reserve to potentially lower interest rates later this year. The consumer price index (CPI), which tracks the cost of goods and services, decreased by 0.1% from May, bringing the annual inflation rate down to 3%. This marks the lowest level of inflation in over three years, according to the Labor Department's report on Thursday. 
In a promising development for the U.S. economy, the monthly inflation rate fell in June, bolstering the case for the Federal Reserve to potentially lower interest rates later this year. The consumer price index (CPI), which tracks the cost of goods and services, decreased by 0.1% from May, bringing the annual inflation rate down to 3%. This marks the lowest level of inflation in over three years, according to the Labor Department's report on Thursday.
