Gold edges higher as PPI data and tariff uncertainty fuel safe-haven demand. Will inflation trends and Fed rate cut bets push prices to new record highs?
POST's acquisition of PPI strengthens its product portfolio, market presence and supply-chain efficiency in the growing potato industry.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Gold approaches $2,942 as falling Treasury yields and tariff concerns fuel safe-haven demand. PPI data next in focus.
Major U.S. equities indexes were mixed on Tuesday after the latest Producer Price Index (PPI) data showed a lighter-than-expected uptick in wholesale prices for December. The soft PPI report helped alleviate some concerns about the stickiness of inflation heading into Wednesday morning's Consumer Price Index (CPI) report.
S&P500 and Nasdaq rise as PPI data cools inflation fears. Applied Digital jumps 19%, KB Home up 9%.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Post Holdings agrees to take over Potato Products of Idaho, signaling its entry into the refrigerated and frozen potato market.
Investors think that the only stocks exposed to the business cycle are commodity-based names, basic products, and the like, where profit margins and sales fluctuate between high and low based on the pricing of the underlying product being manufactured and sold. However, this affects other stocks that depend on any single material, such as eggs, and today's PPI index shows that egg prices have gone nowhere but up.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.