Jerry Lin
The Latest
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Gold Prices Hit Record High, but Veteran Advisor Warns of Potential Setback
Gold prices extended their record-breaking run on Monday, briefly hitting a fresh all-time high of $2,372.5 per ounce before trading mixed at $2,327 per ounce around 1:45 p.m. London time. 
Gold prices extended their record-breaking run on Monday, briefly hitting a fresh all-time high of $2,372.5 per ounce before trading mixed at $2,327 per ounce around 1:45 p.m. London time. -
Gold Market Under Pressure as U.S. Economy Adds 303,000 Jobs in March, Testing $2,300 Support
NEW YORK - Gold prices are on a bullish trajectory, with one market veteran predicting the precious metal could reach $2,600 per ounce within a year. Juerg Kiener, chief investment officer at Swiss Asia Capital, told CNBC's "Street Signs Asia" on Wednesday that his forward curve analysis for gold "looks fantastic." 
NEW YORK - Gold prices are on a bullish trajectory, with one market veteran predicting the precious metal could reach $2,600 per ounce within a year. Juerg Kiener, chief investment officer at Swiss Asia Capital, told CNBC's "Street Signs Asia" on Wednesday that his forward curve analysis for gold "looks fantastic." -
US Job Market Surges in March with 303,000 Jobs Added, Unemployment Rate Drops to 3.8%
The US economy continued to demonstrate its resilience in March, as the labor market added a remarkable 303,000 nonfarm payroll jobs, significantly surpassing the 214,000 expected by economists, according to data released Friday by the Bureau of Labor Statistics. Concurrently, the unemployment rate decreased to 3.8% from 3.9% in February, further underscoring the strength of the job market. 
The US economy continued to demonstrate its resilience in March, as the labor market added a remarkable 303,000 nonfarm payroll jobs, significantly surpassing the 214,000 expected by economists, according to data released Friday by the Bureau of Labor Statistics. Concurrently, the unemployment rate decreased to 3.8% from 3.9% in February, further underscoring the strength of the job market. -
Mortgage Rates Inch Higher as Housing Market Remains Stalled Amid Affordability Crisis
Mortgage rates have risen slightly this week, further compounding the ongoing housing affordability crisis and dampening homebuyer demand. According to Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, the average rate on the benchmark 30-year fixed mortgage increased to 6.82% from 6.79% last week, while the average rate on the 15-year fixed mortgage dipped slightly to 6.06% from 6.11%. 
Mortgage rates have risen slightly this week, further compounding the ongoing housing affordability crisis and dampening homebuyer demand. According to Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, the average rate on the benchmark 30-year fixed mortgage increased to 6.82% from 6.79% last week, while the average rate on the 15-year fixed mortgage dipped slightly to 6.06% from 6.11%. -
Fed Chair Powell: Rate Cuts Likely This Year, but Timing Remains Uncertain Amid Strong Economic Data
Federal Reserve Chairman Jerome Powell said on Wednesday that while interest rate cuts are likely to be appropriate at some point this year, the timing of such moves remains uncertain as policymakers await more evidence that inflation is easing. 
Federal Reserve Chairman Jerome Powell said on Wednesday that while interest rate cuts are likely to be appropriate at some point this year, the timing of such moves remains uncertain as policymakers await more evidence that inflation is easing. -
Euro Zone Inflation Unexpectedly Drops to 2.4%, Strengthening Case for ECB Rate Cuts
Euro zone inflation fell more than expected in March, dropping to 2.4% from 2.6% in February, according to data released by Eurostat on Wednesday. The unexpected decline, driven by lower food, energy, and industrial goods prices, has bolstered the case for the European Central Bank (ECB) to start cutting interest rates from record highs. 
Euro zone inflation fell more than expected in March, dropping to 2.4% from 2.6% in February, according to data released by Eurostat on Wednesday. The unexpected decline, driven by lower food, energy, and industrial goods prices, has bolstered the case for the European Central Bank (ECB) to start cutting interest rates from record highs. -
U.S. Private Sector Job Growth Surges in March, Exceeding Expectations
The U.S. labor market demonstrated remarkable resilience in March, as private sector employment saw significant gains, outpacing analysts' expectations. According to the latest report from ADP, companies added 184,000 jobs, marking the most substantial increase since July of the previous year. 
The U.S. labor market demonstrated remarkable resilience in March, as private sector employment saw significant gains, outpacing analysts' expectations. According to the latest report from ADP, companies added 184,000 jobs, marking the most substantial increase since July of the previous year. -
Bitcoin's Tumble Below $67,000 Shakes Crypto Confidence Amidst Market Turbulence
The cryptocurrency market faced a significant downturn this week, with Bitcoin leading the charge by plummeting below the $67,000 mark. This sharp decline erased the optimistic gains observed in the previous week and instilled a sense of caution among investors and traders. As of now, Bitcoin is hovering around $66,139, marking a 4.6% decline on the day and a 6% fall over the week, according to data from CoinGecko. 
The cryptocurrency market faced a significant downturn this week, with Bitcoin leading the charge by plummeting below the $67,000 mark. This sharp decline erased the optimistic gains observed in the previous week and instilled a sense of caution among investors and traders. As of now, Bitcoin is hovering around $66,139, marking a 4.6% decline on the day and a 6% fall over the week, according to data from CoinGecko. -
UBS Launches $2 Billion Share Buyback Program Amid Credit Suisse Integration
Swiss banking giant UBS announced on Tuesday the launch of a new share repurchase program worth up to $2 billion, with plans to complete up to $1 billion of the total this year. The move comes as the bank continues to navigate the complex integration of Credit Suisse, following the surprise return of former chief Sergio Ermotti as CEO in late March 2023. 
Swiss banking giant UBS announced on Tuesday the launch of a new share repurchase program worth up to $2 billion, with plans to complete up to $1 billion of the total this year. The move comes as the bank continues to navigate the complex integration of Credit Suisse, following the surprise return of former chief Sergio Ermotti as CEO in late March 2023. -
Gold Soars to Record High as U.S. Inflation Data Boosts Fed Rate Cut Expectations
Gold prices surged to a new all-time high on Monday, as the latest U.S. inflation data bolstered expectations that the Federal Reserve could deliver its first interest rate cut as early as June. 
Gold prices surged to a new all-time high on Monday, as the latest U.S. inflation data bolstered expectations that the Federal Reserve could deliver its first interest rate cut as early as June.
