Latest news with #GoldPrice
Forbes
23-05-2025
- Business
- Forbes
Treasury Yields Top 5% And Could Rise More. Here's What To Do
'Sell America' could be the global catch-phrase for investors as tax cuts and rising defense spending add $2.4 trillion to the deficit — boosting treasury yields and pushing down the dollar. Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 7, 2019 in New ... More York City. - Wall Street stocks finished little changed on August 7, 2019, following a choppy session as a plunge in treasury bond yields early in the day underscored worries about a weakening global economy. (Photo by Johannes EISELE / AFP) (Photo credit should read JOHANNES EISELE/AFP via Getty Images) A budget bill that could add $2.4 trillion to the national debt passed the House, noted the Washington Post. The 30-year treasury yield topped 5.1% after a $16 billion treasury bond auction failed to attract much interest, the Post reported. Mortgage rates surged to 7.08%, noted Mortgage News Daily. The price of gold climbed to $3,336 per ounce — near a record high, according to GoogleFinance. Investors are losing interest in America's long-term government securities — sending the 30-year treasury yield to 5.1%. The most recent force driving up that yield is the House passing a spending bill that could add $2.4 trillion to the national debt, reported the Washington Post. Why should investors care? The move raises interest rates for consumers — mortgage rates hit 7.08% — and for companies. Gold has resumed its upward climb and could top its record high. Long-term treasury rates could keep rising. How so? Foreign investors could continue selling the roughly $9 trillion in U.S. debt held overseas, according to the Post. Moreover, $14 trillion in U.S. debt maturing soon will be refinanced — likely at higher rates, noted CNBC. Higher interest rates and more debt service could push down the value of the dollar — compounding the inflationary effect of the Trump administration's tariffs for American consumers. When added to the higher prices caused by tariffs — including President Donald Trump's May 22 threat to impose 50% tariffs on goods exported from the European Union and warning of 25% tariffs on foreign-made Apple iPhones, according to the Wall Street Journal — the odds of a recession loom even higher. The so-called 'One Big, Beautiful Bill' would expand and make Trump's 2017 tax cuts permanent, producing 'an economic boom,' administration officials said, according to the Post. The bill would also add to the national debt and increase how much taxpayer money goes to paying interest on U.S. debt. The bill will add $2.4 trillion to the national debt by 2035, according to the Congressional Budget Office and boost the most recent fiscal year's unprecedented budget deficit of more than 6% of gross domestic product, noted the Post. Moreover, the bill will increase the more than $881 billion going to interest payments in 2024 — more than twice the 2021 figure — noted the CBO. The U.S. now spends more on interest 'than it does on national defense or Medicare,' wrote the Post. One rating agency anticipated the fiscal damage this bill might cause. Last week, Moody's 'stripped the U.S. of its last set of triple-A credit ratings, pointing to growing U.S. debt woes over at least a decade as a reason,' according to the Post. Investors expressed a loss of confidence in the U.S.' fiscal soundness. The result could force the Federal Reserve to choose between fighting inflation by raising rates or dampening a recession by cutting them. Meanwhile, analysts see a drop in the dollar and big challenges for investors seeking returns. Here are some examples: Given the murkiness and volatility accompanying the tariff wars and current fiscal policy, it is difficult to make solid predictions and imagine profitable investment ideas. Nevertheless, the current trajectory described above could lead gold prices to climb, U.S. interest rates to keep rising, and the dollar's value to decline. Meanwhile, one expert sees some emerging markets government bonds as strong options for investors looking to diversify away from U.S. treasuries in their fixed income portfolios. 'China's credit rating is A1 with a stable outlook, and [the U.S.-China 10-year] yield spread makes the former an interesting option despite the uncertain development of the import tariff exchange game,' London-based liquidity solutions provider B2BROKER's chief dealing officer John Murillo told CNBC. 'Several high-paced developing countries away from the prime rating league — like Indonesia and Malaysia — are en route to becoming particular beneficiaries of the current fixed income portfolio reshuffles. For example, a 10Y Indonesian sovereign bond offers approximately a 7% yield,' he added. If you do not buy such securities, you could put cash in a money-market fund, which would pay a higher yield should the Fed boost interest rates to fight inflation.
News18
22-04-2025
- Business
- News18
Shakti Kapoor's Gold Rate Prediction Goes Viral As Prices Hit Rs 1 Lakh, Fans Call Him ‘Real Analyst'
Gold prices in India surged to historic highs, crossing Rs 1 lakh per 10 grams. Amid this, an old video from Shakti Kapoor's film Guru predicting the gold rate surge went viral on social media! Gold prices have spiked in India, crossing the Rs 1 lakh mark per 10 grams on Tuesday (April 22). This news has become the topic of discussion on social media, and has also triggered a hilarious meme fest on X (previously Twitter). A video clip featuring Shakti Kapoor from the 1989 film 'Guru', has gone viral. In the scene, Shakti Kapoor makes an eerily accurate prediction about the skyrocketing value of gold, and the video has left fans amused. Meme-makers shared the viral video clip, hilariously dubbing Kapoor a 'visionary', and a 'real analyst'. The meme that has gone viral on social media shows Shakti Kapoor- who plays the villain Vicky in 'Guru'- delivering a dramatic monologue to Mithun Chakraborty's character. 'Uske baad humare sone ka bhaav badhega. 5,000 rupya tola, 10,000 ka tola, 50,000 ka tola, 1 lakh tola (After that, the value of our gold will increase — Rs 5,000 per tola, 10,000 per tola, 50,000 per tola, Rs 1 lakh per tola!)," Shakti Kapoor is heard saying, in the video clip. Fans were amused, and pointed out that the actor had already predicted gold prices touching the Rs 1 lakh mark. — DEBASHISH NEOGI (@DEBU_NEOGI) April 18, 2025 Shakti Kapoor is the best stock market analystPredicted Gold to hit 1 lac decades back — Azhar Jafri (@zhr_jafri) April 22, 2025 'The Real Analyst, Shakti Kapoor predicted Gold rates 35 year ago. Salute to him," wrote one X user, while another one hilariously wrote, 'Shakti Kapoor is the best stock market analyst Predicted Gold to hit 1 lac decades back." 'Now have to dig in to old movies to check the predictions on #GoldPrice ….perfect from Shakti Kapoor," added a third netizen, while another one humorously called him a 'visionary'. The 1989 film 'Guru', directed by Umesh Mehra stars Mithun Chakraborty, Sridevi, Shakti Kapoor. Meanwhile, on the work front, Shakti Kapoor was last seen in 'Mere Husband Ki Biwi' starring Arjun Kapoor, Bhumi Pednekar and Rakul Preet Singh. He was also seen in Sandeep Reddy Vanga's film 'Animal'. First Published:
