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Home / Metal News / 'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

May 10, 2023 16:45

Source:SMM

The 'Bond King' Jeffrey Gundlach predicts that the Federal Reserve may cut interest rates by as much as 75 basis points before the end of the year, and gold will rise as the dollar falls.

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According to CCTV, on May 29 local time, Kenyan President Ruto said that African countries should end their dependence on the US dollar in mutual trade and switch to local currencies.

May 31, 2023 11:08

Industry

Kenyan President Calls for Ending of Dependence on Dollar

Sino-China Relations Will Begin To Thaw Soon, Us President Biden Says At G7 Summit

US President Joe Biden said at the G7 Summit: we are not looking to decouple from China.

May 26, 2023 11:00

Industry

Sino-China Relations Will Begin To Thaw Soon, Us President Biden Says At G7 Summit

Industry insiders Say International Bulk Commodities Prices Will Hardly Improve in the Second Half of the Year as Demand Dropped Significantly

"Don't hoard goods." Recently, some industry insiders have suggested on social media that the commodity market can hardly improve amid oversupply, and it is not advisable to hoard goods.

May 24, 2023 16:48

Industry

US Treasury Department’s Higher Cash Balance Provides a Buffer

The amount of money available to pay bills in the US has increased, providing a respite for the government as it struggles to maintain spending until it finds a solution to the debt ceiling.

May 24, 2023 16:46

Industry

US Treasury Department’s Higher Cash Balance Provides a Buffer

Global Macro Environment Is Still Highly Uncertain

SHANGHAI, May 16 (SMM) - The US non-farm payrolls rose 253,000 in April, far exceeding expectations, and its unemployment rate was 3.4%, hitting a new low since 1969.

May 16, 2023 13:57

Industry

Global Macro Environment Is Still Highly Uncertain

Operating Rates Of Die-Casting Zinc Alloy Enterprises To Drop In May

SHANGHAI, May 15 (SMM) - With the die-casting zinc alloy industry gradually entering the off-season, it is expected that the operating rates will decline slightly in May.

May 15, 2023 17:26

Industry

China Primary Aluminium Billet Output Continued To Grow In April After Hitting A Nearly Two-Year High In March

SHANGHAI, May 15 (SMM) - SMM data showed that China’s primary aluminium billet output was 1.35 million mt in April, up 3.6% MoM and 9.7% YoY.

May 15, 2023 17:24

Industry

Profit Margins of NPI Plants will Decrease Slightly This Week

Real-time profits of NPI plants rose slightly last week based on the prices of nickel ore purchased 25 days earlier.

May 15, 2023 15:09

SMM Insight

Profit Margins of NPI Plants will Decrease Slightly This Week

NPI Prices Fell After Experiencing a Small Increase

Last Friday, the average price of 8-12% high-grade NPI was 1,125 yuan/mtu (ex-factory, including tax), down 5 yuan/mtu from the previous trading day.

May 15, 2023 15:09

SMM Insight

NPI Prices Fell After Experiencing a Small Increase

Nickel Prices to Run with Occasional Declines on Expanding Supply This Week

On the evening of May 10, the seasonally adjusted US CPI annual rate for April recorded 4.9%, lower than the forecast and previous readings of 5%.

May 15, 2023 14:59

SMM Insight

Nickel Prices to Run with Occasional Declines on Expanding Supply This Week

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09
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  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
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- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit