What’s gold price outlook as markets shift from inflation to recession fears?

(Kitco News) Gold’s volatility has been relatively low compared to other assets as the precious metal retains its “mild bull market” status and trades comfortably between $1,800-$1,900 an ounce. But don’t expect a gold price rally until some confidence returns to the marketplace, according to MKS PAMP. There is a shift … Read more

Higher rates but less inflation panic: What CIBC’s Benjamin Tal is predicting for stocks, home prices and the economy

Benjamin Tal, deputy chief economist at CIBC Capital Markets, in Toronto on June 7, 2019.Tijana Martin/The Globe and Mail Mounting fears of a recession have gripped equity markets, with the S&P/TSX Composite Index now firmly in correction territory. The S&P/TSX is down 13 per cent from its record closing high of 22,087, reached on March … Read more

US Federal Reserve hikes interest rate by largest amount since 1994

US Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington on June 15.OLIVIER DOULIERY/AFP/Getty Images The US Federal Reserve has announced its largest interest rate increase since 1994, and said that it would continue pushing borrowing costs higher … Read more

What is stagflation, and does it lead to a recession? What you need to know as global economic grow worries

There are growing concerns worldwide that ‘stagflation’ could push many countries towards recession.Christopher Katsarov/The Canadian Press The world economy is being hammered on all sides. Russia’s invasion of Ukraine, soaring inflation and interest rates are weighing on rising global growth and pushing many countries towards recession. That’s reviving concerns about “stagflation” – a noxious combination … Read more

Recession fears are growing. Here’s how younger Canadians can prepare – National

Experts say younger Canadians can prepare for a possible recession by assessing their financial capabilities and limitations. Amid soaring inflation and the Bank of Canada increasing interest rates more aggressively relative to past tightening cycles, concerns about a possible recession are growing. A lacklustre stock market is adding fuel to the fire, as market declines … Read more

Gordon Pape: How to use dividends to protect your portfolio

Are we headed towards a recession? Economists are divided but our readers think we are. An on-line poll we conducted last week found that 57 per cent of respondents said yes, a recession is on the horizon. A total of 16 per cent said we’re already there. At the other extreme, 21 per cent do … Read more

Elon Musk’s warning could be auto industry’s ‘canary in the coal mine’ moment

Tesla chief executive Elon Musk’s “super bad feeling” about the economy could be the auto industry’s “canary in the coal mine” moment, signaling a recession for an industry whose bosses have shown no signs of concern. Mr. Musk said the electric-car maker needed to cut about 10 per cent of its work force in an … Read more

How Long Will The Epic Rally In Energy Stocks Last?

Energy stocks are enjoying their best market performance in years. They are also enjoying the best performance on the S&P 500 this year—at least so far. After years of poor earnings, poor market returns, and investors pulling out of oil and gas stocks, conventional energy stocks have come back with a bang. Oil rallied above … Read more

‘Substantial window’ to avoid recession in US; This is why gold price is not ‘taking off’ – Former BOC head Stephen Poloz

There is currently no guarantee of an imminent recession in the US, according to former Bank of Canada Governor Stephen Poloz. Speaking to Michelle Makori, Editor-in-Chief of Kitco News, Poloz said that there is still time to “normalize the economy.” “I certainly would agree that there’s a substantial window available still … Read more