Why gold is having its best year since 1979

Gold prices have surged past $4,000 per ounce, marking a 51% increase this year, the largest rise since 1979. This significant jump in gold prices serves as a potential warning to both sides of the political spectrum in Washington, indicating economic uncertainty and prompting discussions about financial stability. As investors seek safe havens, the implications of these rising prices could influence policy decisions and market strategies.

A recent Fannie Mae survey reveals that nearly 70% of Americans believe the U.S. economy is on the wrong track, with only 32% feeling optimistic about its direction. This sentiment reflects growing concerns about economic stability and could influence consumer behavior and policy decisions. Understanding public perception is crucial as it can impact everything from spending habits to political agendas.

Gold has reached a historic milestone, surpassing $4,000 per ounce for the first time, driven by investors looking for a safe haven amid rising political uncertainties in the US, France, and Japan. This surge marks the largest rally for gold since the 1970s, highlighting its enduring appeal as a stable investment during turbulent times. As global tensions rise, many are turning to gold to protect their wealth, making this development significant for both investors and the broader economy.

The current price of gold is drawing attention as many seek a hedge against economic uncertainty. With fluctuating markets and rising inflation, gold remains a traditional safe haven for investors. Understanding its price movements can provide insights into broader economic trends and help individuals make informed financial decisions.

Gold prices have reached an unprecedented $4,000 per ounce, marking a significant milestone in the market. However, this surge is largely attributed to the ongoing US government shutdown, which raises concerns about economic stability. While higher gold prices might seem beneficial for investors, they often signal uncertainty and potential financial turmoil, making this news more alarming than it appears.

The Federal Reserve's recent interest rate cuts haven't eased the financial burden on American borrowers, largely due to a 'policy dysfunction surcharge' stemming from reckless government spending and political pressures. This situation has led to long-term interest rates that exceed inflation expectations, costing the U.S. economy a staggering $160 billion annually. This matters because it highlights the disconnect between monetary policy and real-world financial relief for households and businesses, ultimately affecting economic growth and stability.

The ongoing government shutdown is projected to cost the U.S. economy around $15 billion each week, according to Kevin Hassett, the Director of the National Economic Council. This significant financial impact highlights the urgency for lawmakers to reach an agreement and end the stalemate, as the longer the shutdown continues, the more detrimental it becomes for businesses and workers alike.

Kevin Hassett, the Director of the National Economic Council, has raised alarms about the ongoing government shutdown, estimating it could cost the U.S. economy around $15 billion each week. In a recent interview on CNBC’s 'Squawk Box,' he referenced a White House report that highlights the potential severe economic fallout if the shutdown persists. This situation is critical as it not only affects government operations but also has broader implications for businesses and workers across the nation.

Travis Kelce recently expressed his apprehension about his father listening to Taylor Swift's provocative song 'Wood' from her album 'The Life of a Showgirl.' The track hints at the intimate aspects of his life with Swift, which has sparked curiosity and conversation among fans. This revelation highlights the intersection of celebrity relationships and music, showcasing how personal experiences can influence artistic expression.

In the new Netflix documentary 'Victoria Beckham,' David Beckham opens up about the challenges in his relationship with Victoria, revealing what he believes 'broke' his heart. He expresses concerns about their mutual support, suggesting that while it's important, it may not be sustainable in the long run. This candid insight into their marriage highlights the complexities of maintaining a relationship under public scrutiny and the pressures that come with fame.

President Trump has announced a significant step towards peace with a ceasefire between Israel and Hamas, which will allow for the release of 20 hostages and provide much-needed relief for nearly two million Palestinians in Gaza. This development is crucial as it not only aims to reduce violence in the region but also opens the door for further negotiations and humanitarian aid, highlighting the importance of diplomatic efforts in resolving long-standing conflicts.

In a recent social media post, President Trump has called for the jailing of Chicago Mayor Brandon Johnson and Illinois Governor JB Pritzker, accusing them of failing to protect ICE. This statement highlights the ongoing tensions between federal and local authorities regarding immigration enforcement, and it raises questions about the accountability of elected officials in addressing these issues. Trump's remarks could further polarize the political landscape, especially in a state like Illinois, where Democratic leadership is prominent.

In his inaugural season with the Jets, quarterback Justin Fields is showing promise with respectable statistics. However, there's a growing concern that he needs to accelerate his decision-making and overall game pace to meet the team's expectations. This is crucial as the Jets aim to improve their performance and compete effectively in the NFL.

Apple products are now available at record-low prices just before the Prime Day sale ends tonight. This is significant for consumers looking to snag high-quality tech at a bargain, making it an excellent opportunity for those in the market for iPads, AirPods, and more.