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Markets Turmoil Amid ''Russia Invades'' Reports & Bullard''s Bond Bloodbath A sudden slap to the face seemed to shock investors from their multi-month stupor, waking to the reality that The Fed is serious this time about raising rates and withdrawing liquidity. That realization, considering US equity valuations have never been higher (combined with a collapse in US consumer confidence) have many wondering just where (or if) these two lines will ever converge… Source: Bloomberg The awakening sent rate-hike odds soaring this week. Even with today''s attempt to walk back Jim Bullard''s hawkishness, the market is now pricing in a 60% chance of 7 rate-hikes this year, a 70% chance of a 50bps hike in March, and even a 25% chance that The Fed will surprise with an inter-meeting hike before March (note that there is an unscheduled Fed meeting on Monday)... Source: Bloomberg But around lunchtime today, a series of reports of an imminent Russian invasion sparked turmoil in all markets. The Russia headlines sent rate-hike expectations lower for March...

Will war be what breaks it?

Wall Street has an inflation hangover as higher rates continue to drag tech stocks down. US stocks were trying to stabilize as yields came in. Yesterdays inflation shocker has many bond traders believing the Fed is behind the curve and will be delivering several rate hikes. Many Fed members feel inflation will meaningfully decelerate later []

Prices of precious metals rose on Friday as the fears related to inflation in the United States and to the geopolitical turmoil between Russia and the western countries. US Security Advisor Jake Sull

The gold markets have rallied significantly during the course of the trading week, to reach towards the highs of the last couple of months.

Gold markets initially sold off during the trading session on Friday but found support at the same general vicinity we did on Thursday.

Sentiment slides as expectations remain bleak

Gold rose further during the American session and climbed to $1836, reaching a fresh daily high. It remains near the top with a bullish tone. The upsi

Gold prices slipped on Friday, as a stronger-than-expected U.S. inflation reading and hawkish comments from a Federal Reserve official ramped up odds for a hefty interest rate hike next month, sending Treasury yields higher. Spot gold fell 0.1% to $1,825.29 per ounce by 0141 GMT, while U.S. gold futures dropped 0.7% to $1,824.50.

Gold prices slipped on Friday, as a stronger-than-expected U.S. inflation reading and hawkish comments from a Federal Reserve official ramped up odds for a hefty interest rate hike next month, sending Treasury yields higher.

The prices of gold and silver vary across the country due to excise duty, state taxes, and making charges.

Trading in a tight $3.50c/oz range in Asia Friday, with Japan out on holiday, gold, XAU/USD, is flat on the day so far following a lively day on Wall

Gold investors and traders witnessed a roller coaster ride with extreme volatility as the CPI data was released this morning.

(Kitco News) - As Turkey battles inflation at nearly 50% and a very weak lira, the government wants to encourage citizens to convert their "under the mattress" gold worth billions of dollars into lira-denominated bank accounts.