Gold Prices Could Surge to $3,000

Gold Prices Could Surge to $3,000: Citi's Bullish Outlook on Precious Metals In a recent report, Citi analysts have projected a potential surge in gold prices to $3,000 per ounce, citing significant expansion in financial flows. This forecast comes amid a weakening US labor market, broader trends of disinflation, and a notably soft June Consumer Price Index (CPI) print, which collectively bolster the case for a dovish pivot by the Federal Reserve at the upcoming July Federal Open Market Committee (FOMC) meeting.

Economist Who Predicted the 2008 Recession Warns of Trouble Ahead for the US Economy

Who Predicted the 2008 Recession Warns of Trouble Ahead for the US Economy David Rosenberg, the economist renowned for accurately predicting the 2008 recession, has issued a new warning: the US economy is showing signs of another significant downturn. This prognosis comes on the heels of June's nonfarm payrolls report, which, despite showing a job increase, reveals several troubling indicators.