Gold price rises as US inflation data supports further Fed easing

December 11, 2024

Gold price climbs, remaining above $2,700, ignoring high US yields. US CPI data confirms ongoing disinflation, bolstering expectations for a Federal Reserve rate cut next week. Market anticipates a potential rate cut, with swaps pricing a 92% likelihood, focusing next on upcoming PPI and jobless claims data.

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Market Capitalization Growth of the Four Largest U.S. Banks (2000–2024) The combined market capitalization of J.P. Morgan, Bank of America, Citigroup, and Wells Fargo increased by 33% in 2024, rising from $1.04 trillion in December 2023 to $1.38 trillion by year-end.

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Mark Zuckerberg says the Biden admin called his employees and “screamed and cursed” at them to take down memes and Covid vaccine content. Did anyone have any doubts that META had met the requirements?

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Gold price rises as US inflation data supports further Fed easing

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Market Capitalization Growth of the Four Largest U.S. Banks (2000–2024) The combined market capitalization of J.P. Morgan, Bank of America, Citigroup, and Wells Fargo increased by 33% in 2024, rising from $1.04 trillion in December 2023 to $1.38 trillion by year-end.

Mark Zuckerberg says the Biden admin called his employees and “screamed and cursed” at them to take down memes and Covid vaccine content. Did anyone have any doubts that META had met the requirements?