Gold Just Broke a New Record: Inflation Concerns and Central Bankers’ Moves
Published: 2024-08-21
Status:
Available
|
Analyzed
Published: 2024-08-21
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Interest rate cut predicted for September.
"they're predicting an interest rate cut coming in September"
Pending
Lowe's expects reduced consumer spending on home improvements through the end of 2024 and into 2025.
"Lowe's expects Americans to spend less money on Home Improvements they expect to spend less money on things with buying new homes at least through the end of 2024 and probably through 2025 as well"
Pending
A potential increase in mortgage and refinancing applications is expected if interest rates fall further.
"we could see a bigger boom in mortgage applications and refinancing applications"
Pending
Investors anticipate that potential interest rate cuts by the Federal Reserve in late 2024 could lead to increased inflation, which would be beneficial for gold prices.
"if that creates more inflation well that's going to be good for gold at least that's what investors assume"
Pending
Lowe's CEO predicts that Americans will delay kitchen remodels and other home improvement projects until interest rates decrease, with expectations of reduced spending on these items through the end of 2024 and into 2025.
"Americans are waiting to remodel their kitchens until interest rates start falling and number two Lowe's expects Americans to spend less money on Home Improvements they expect to spend less money on things with buying new homes at least through the end of 2024 and probably through 2025 as well"
Pending
The market widely anticipates and the Federal Reserve has hinted at an interest rate cut in September.
"the next time the Federal Reserve Bank is scheduled to speak here in the United States is in September and this is where essentially everybody is predicting and this is what the Federal Reserve Bank has been hinting at is that they are predicting an interest rate cut coming in September"
Pending
A potential cut in interest rates, leading to lower mortgage rates, is expected to significantly increase mortgage and refinancing applications.
"we've already seen mortgage rates fall over the last few weeks as people are anticipating and hoping for an interest rate cut well if interest rates get cut and mortgage rates fall more we could see a bigger boom in mortgage applications and refinancing applications"
Pending
Refinancing applications have already surged over 100% due to small interest rate drops, and are expected to increase further if rates continue to decline.
"we've already seen between last year and now refinancing applications Jump by more than 100 100% why because of the small drop in interest rates well if interest rates continue to go down you bet that there's a chance that refinancing applications will go up even more"
Pending
Gold prices have reached a historic record high, surpassing $2500 per ounce.
"gold prices just set a new record high passing $2500 an ounce for the first time in history"
Pending
Federal Reserve Bank is predicted to cut interest rates in September.
"they're predicting an interest rate cut coming in September"
Pending
Lowe's predicts reduced spending on home improvements and new home purchases through the end of 2024 and likely into 2025.
"Lowe's expects Americans to spend less money on Home Improvements they expect to spend less money on things with buying new homes at least through the end of 2024 and probably through 2025 as well"
Pending
Mortgage rates have fallen in recent weeks in anticipation of an interest rate cut.
"we've already seen mortgage rates fall over the last few weeks as people are anticipating and hoping for an interest rate cut"
Pending
Refinancing applications have more than doubled year-over-year due to a slight drop in interest rates, and are expected to increase further if rates continue to fall.
"we've already seen between last year and now refinancing applications Jump by more than 100 100% why because of the small drop in interest rates well if interest rates continue to go down you bet that there's a chance that refinancing applications will go up even more"
Pending
Approximately half of Americans taking children to Disney are financing their vacations.
"Disney said that almost half of Americans that are going to Disney with kids are financing their vacations to Disney"
Pending
Marriott and Hilton are observing a decline in hotel bookings and vacations due to decreased consumer funds.
"Marriot and Hilton talk about how people are booking less hotels and going on less vacations because they have less money"
Pending
Americans have depleted their credit card limits and savings, making continued overspending unsustainable.
"Americans have Tapped Out on credit cards they've spent a lot of their savings and they can't keep overspending"
Pending
Home Depot is forecasting lower sales, indicating that Americans are struggling financially and waiting for interest rate cuts to finance home improvement projects.
"Home Depot reported last week and they said essentially the exact same thing that they're predicting lower sales that Americans are struggling spending some money and they're waiting for interest rates to get cut that way they can go out and start borrowing money and start doing these Home Improvement projects again"
Pending
Americans are delaying kitchen remodels until interest rates decrease.
"Americans are waiting to remodel their kitchens until interest rates start falling"
Pending