Gold price still shows resilience

Gold price shows resilience with holding critical support around USD 1,950 an ounce even amid an expected tight moneary policy from US Federal Reserve. In an inverview with Kitco News, Carley Garner, co-founder of the brokerage from DeCarley Trading, said that she remains bullish on gold market in the long term, now is not the…

Cash levels at the US Treasury are down toward a dangerously low level

Cash levels at the US trseasurt are going down toward a dangerously low level because Washington are still struggling to raise the debt ceiling until the last minutes. As of May 25, Treasury had just USD 38.8 billion in cash and earing the bare minimum level of USD 30 billion. If Congress doesn’t raise the…

Debt Deal Starts to Take Shape

Debt deal takes shape to raise limit. Biden administration insists that there won’t be a debt default. But the market is still watching the US government’s spending in the next three years and having concerns about whether the US government will run out of cash again. 债务议题取得初步共识,拜登政府强调不会让债务违约。但市场仍在关注美国政府未来3年的支出,担心美国政府是否会再次耗尽现金。

Breaking News: US Debt Talk

US House Speaker Kevin McCarthy says still far apart on debt talk but can get to yes. And he doesn’t want default. There won’t be a default. 美国众议院议长麦卡锡先生表示,在债务问题上仍有很大分歧,但预期可以达成共识。他表示不想债务违约,并认为不会违约。