Yes, gold has had a terrific runup in 2025. Yes, the metal is up about 39% on the year, closing on Friday at $3,649.40 per troy ounce. That's a better return than any of the major stock-market indexes — even better than bitcoin, which was up 24% on the year as of Saturday. Gold is up nearly 5% in September alone, and there's talk gold could hit $4,000 before too long.. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Oh, and here's a fun fact. On an inflation-adjusted basis, gol ...

Group 1: Market Overview - Major stock indexes closed mixed on Friday but recorded solid weekly gains, with the Dow Jones Industrial Average rising nearly 1% for its first winning week in three weeks, and the S&P 500 and Nasdaq Composite achieving their best weekly performances since early August [2] - Treasury yields remained near recent lows, while gold prices reached new records as markets anticipated a potential Federal Reserve pivot [2] Group 2: Economic Indicators - Upcoming economic data includes a weekly update on jobless claims and fresh manufacturing data, which will provide insights into the strength of the economy [3] - Mortgage rates saw their largest weekly drop in a year, with the average 30-year fixed mortgage rate decreasing to 6.35% from 6.5% the previous week [3] Group 3: Earnings Reports - Earnings season is nearing its end, with key reports expected from FedEx, Lennar, General Mills, Darden, and Cracker Barrel, with FedEx's results being particularly significant as a proxy for global trade and the US economy [4] Group 4: Federal Reserve Decision - The Federal Reserve's interest rate decision and Chair Jerome Powell's press conference are anticipated to be the key economic events of the week, alongside the release of the quarterly "dot plot" indicating policymakers' interest rate projections [5] - In June, the Fed projected two rate cuts for 2025, but the committee showed division, with seven members opposing any cuts compared to four in March [6] Group 5: Tariffs and Inflation - Tariffs are contributing to inflation, with US customs duties reaching a record $29.5 billion in August due to new "reciprocal" levies implemented by President Trump [7]

🔥UPDATE: 3 days to FOMC.93.4% odds of 25bps cut, 6.6% of 50bps. https://t.co/SQXOzeJLvr ...

Group 1 - Bitcoin and Ethereum exchange-traded funds (ETFs) experienced significant inflows, with Bitcoin ETFs attracting nearly $2.4 billion and Ethereum ETFs adding approximately $640 million, totaling almost $3 billion in new capital [2][4] - Investor confidence is bolstered by expectations of interest rate cuts from the Federal Reserve, with a 94% probability of a rate cut at the upcoming FOMC meeting, which is seen as beneficial for risk assets like cryptocurrencies [3][4] - Bitcoin has reached a three-week high above $116,000, showing a decoupling from the Nasdaq, and analysts suggest that institutional inflows through ETFs could drive further price increases [4][5] Group 2 - Bitcoin is projected to rise to $140,000 by year-end, with potential to reach $250,000 if inflows remain strong, while Ethereum has outperformed Bitcoin with nearly 200% gains since mid-April [5][6] - Analysts highlight several structural factors supporting Ethereum's long-term growth, including the rise of staking, the growth of tokenized assets, and an impending generational wealth transfer favoring crypto adoption [6]

Market Overview - Crypto markets experienced significant gains, with BNB reaching a new all-time high above $926, marking a 3% increase over the last day [1] - BNB has surged nearly 9% over the past week and is up 70% year-over-year, having first breached the $800 mark this year [2] - Dogecoin saw a notable increase, trading over $0.27 after an 8% daily jump, and has risen 25% in the last week [2] Altcoin Performance - Solana, the fifth-largest cryptocurrency, hit its highest price since January at $240, reflecting a 6% increase in the last day [3] - The altcoin market surged due to gains in Bitcoin and Ethereum, with Bitcoin trading at $116,331 and Ethereum at $4,675 [4] - Bitcoin reached its highest price in a month, benefiting from positive inflows into spot ETFs [4] Investor Sentiment - Investor interest in digital assets increased following data indicating cooling inflation in the U.S., raising expectations for potential interest rate cuts by the Federal Reserve [5] - The launch of the first DOGE ETF in the U.S. was temporarily halted, yet Dogecoin remains the biggest winner in the market [3] Company Developments - Gemini, a digital assets exchange, began trading on Nasdaq with an initial valuation of approximately $4.4 billion, marking a significant public debut [5] - Gemini's stock opened at $37.01 per share, a 32% increase from its IPO price of $28, and closed at $32 per share [6]

Market Overview - US stock futures are pulling back after a record run on Wall Street, with all three major indices closing at new highs, particularly the Dow closing above 46,000 for the first time [1][8] - Investors are awaiting the University of Michigan sentiment index for insights into the American consumer [1] - The Federal Reserve is expected to cut interest rates by a quarter of a percent in the upcoming September meeting [2][12] Trade Relations - Mexico has raised tariffs on Chinese-made vehicles to 50%, prompting a strong response from China [2][3] - The US is urging G7 allies to impose tariffs as high as 100% on China and India for their purchases of Russian oil [2] Company Earnings - Adobe reported strong earnings and guidance for profit and revenue, with annual recurring revenue from AI-influenced products exceeding $5 billion [4][5][28] - Super Micro is benefiting from Nvidia's volume shipments of its Blackwell Ultra solutions, enhancing its high-performance computing infrastructure [30] - RH, the upscale furniture retailer, has cut its revenue forecast for the year due to impacts from new US tariffs, now expecting a revenue increase of 9% to 11% [31] IPO Activity - A wave of IPOs is occurring, including companies like Gemini and CLA, with many recent IPOs priced above their expected range [21][24] - Recent IPOs have shown significant first-day pops, although not as extreme as earlier in the season, indicating more accurate pricing by underwriters [25][26] Gold Market - Gold has reached all-time highs, surpassing its inflation-adjusted high from 1980, solidifying its status as a safe haven and inflation hedge [19][20] Economic Outlook - Goldman Sachs highlights potential risks in the market, including a possible recessionary dynamic in the labor market and the potential for growth to hold up, which could lead to rising yields [15][17] - The market is currently pricing in expectations of multiple rate cuts by the Federal Reserve, with a total of 100 basis points expected by January [12][13]

Bullish hopes for lower interest rates in the United States helped to push the Australian share market higher on Friday.The ASX 200 rose 0.7% or 59.8 points to 8864.9 points following on from some record highs on Wall Street.Ten of the 11 sectors ended higher with the biggest gains coming from the property sector, banks and the big miners, although energy stocks fell.Property Keeps BoomingOverall the property sector rose 1.3% with the Goodman Group (ASX: GMC) up 2% to $34.37, Scentre (ASX: SCG) up 1.5% to $ ...

Group 1 - Investors are anticipating the Federal Reserve to signal concerns regarding the weakening U.S. labor market at the upcoming meeting, with expectations for a rate cut for the first time in nine months to support employment [1][2] - The size of the expected rate cut remains uncertain, with a 90% chance of a 25 basis points reduction and a 10% chance of a larger 50 basis points cut [4] - The Fed's potential rate cuts have contributed to record highs in major U.S. stock indexes, with the S&P 500 up 12% so far in 2025, driven by factors such as artificial intelligence, strong corporate earnings, and reduced fears over economic impacts from tariffs [3] Group 2 - Historical data indicates that 60% of the 55 rate reductions since 1990 have been 25 basis points cuts, while 18 instances of 50 basis points cuts typically occurred during or after recessions, suggesting a 50 basis points cut would indicate significant concern for the U.S. economy [5] - Current market expectations suggest nearly 73 basis points of easing by December, indicating a trend towards multiple rate cuts [6] - Recent inflation data showed a 2.9% annual increase in the consumer price index, the largest monthly rise since January, which has made the Fed cautious about potential inflationary pressures from tariffs [7]

Market Overview - U.S. stocks are near record levels, with the S&P 500 down less than 0.1% from its all-time high, the Dow Jones Industrial Average falling 273 points (0.6%), and the Nasdaq composite increasing by 0.4% [1] Federal Reserve Expectations - There are rising expectations that the Federal Reserve will cut its main interest rate for the first time this year, which could stimulate the economy and has already led to a drop in mortgage rates [2] - Recent reports suggest the U.S. job market may be stabilizing, which could convince the Fed to provide support without triggering a recession or runaway inflation [3] Inflation Outlook - Investors and analysts believe inflation is not on the verge of a surge, with a University of Michigan survey indicating consumer expectations for inflation remain steady at 4.8% for the upcoming year [5] - Long-term inflation expectations have increased slightly but remain below levels seen in April when tariffs were announced [6] Company Performance - RH (Restoration Hardware) shares fell 4.6% after reporting profits and revenues below analysts' expectations and lowering its revenue forecast due to tariff uncertainty and a weak housing market [7] - Oracle's stock dropped 5.1%, becoming the largest detractor from the S&P 500 index, although it had previously surged due to excitement over its multibillion-dollar AI contracts [7]

Time now for money power politics. Today we got two key pieces of information about where our economy is headed. Last month, consumer prices rose by almost 3%.That is the biggest gain since January. Jobless claims also hit a 4-year high. This all comes ahead, of course, next week's Fed meeting where they are widely expected to cut rates.And the markets clearly think those cuts are still coming. Despite today's news on inflation and the labor market, what did the market do. It went up.Joining me now to discu ...