Commentary Most politicians have used the “Ukraine invasion card” to justify the massive inflationary burst in 2021–23. It does not matter if inflation was already elevated prior to the war. Supply-chain disruptions, demand recovery, wage growth… Many excuses were used to justify inflation, except the only one that can make aggregate prices rise in unison,…
US Stock Market Suffers Worst Year Since 2008—Is More Pain Ahead in 2023?
Investors will be quick to turn the calendar year to 2023 after the U.S. stock market suffered its worst annual performance since 2008, driven by elevated inflation, global recession fears, and tightening monetary policy. The leading benchmark indexes suffered notable losses in 2022, led by the tech-heavy Nasdaq Composite Index’s 33.1 percent decline. The…
Coal, Gas Lead 2022 Commodities Rally; Recession Fears Greet New Year
SINGAPORE—Coal and natural gas markets were poised on Friday to end 2022 with strong gains after a global energy crisis triggered by the Russia–Ukraine war stoked prices, and tighter supplies expected in 2023 could fuel more gains. Industrial metals, iron ore and rubber are on track to finish in negative territory, pushed down in 2022…
Have the Markets Found a Bottom?
While the fourth quarter has only just begun, the end of the year can’t come fast enough for Wall Street. The year 2022 has been disastrous for investors. The Dow Jones Industrial Average is down 22 percent, the S&P500 has fallen 25 percent, and the NASDAQ Composite has dropped a whopping 33 percent for the…
How Much Will Silver Be Worth If the US Dollar Collapses in Value?
Investors hold silver and gold to hedge economic instability and political crises. Is the move stable enough to sustain market fluctuations long term, though? How much will silver be worth if the U.S. dollar collapses? As an investor, you probably have numerous questions regarding precious metals, such as silver, and it is natural to wonder…
Gold Market Cap: How Big Is the Gold Market?
The total gold market cap is approximately $11.34 trillion. Should the gold market capitalization be a crucial factor in your precious metal investment choices? Precious metals like gold and silver provide extensive benefits for commodities investors, but they are not attractive only as hedges against inflation. The market capitalization of your chosen commodity also brings certain…
From Coffee to Corn, Global Commodities Market Heating Up Again
The global commodities market—from coffee to corn to crude—is heating up again. This could spell bad news for public policymakers and consumers in the inflation fight. Coffee has surged about 13 percent over the last week, rising to a near three-month high of $2.40 per pound on the U.S. ICE Futures Exchange. Year to date,…
3 Ways to Fight Inflation and Win the Long Game
Inflation is scary. Groceries, gas, airfare, car purchases, utilities. In so many areas, your buying power is shrinking as prices continue to rise. Fear can make you want to do something—anything—to fight back. Thankfully, many of the best moves to counteract inflation align beautifully with time-tested money management practices. Here are three areas where smart…
OPEC Expects to Increase Oil Output by 1 Million Barrels per Day in 2023
OPEC expects to increase oil output in 2023 by nearly 1 million barrels per day due to rising global demand. “In 2023, expectations for healthy global economic growth amidst improvements in geopolitical developments, combined with expected improvements in the containment of COVID-19 in China, are expected to boost consumption of oil,” the organization said in its monthly…
Gold Prices Hits Lowest Level in Nine Months
Gold prices weakened in Tuesday trade to its lowest level in nine months, while the dollar strengthened ahead of the crucial U.S. inflation data release. Spot gold prices fell to $1,722.36 per ounce during early trade on July 12, the lowest since Sept. 30. It later recovered and was trading at around $1,734 by 5:16…
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