Live Spot Gold
SPOT MARKET IS OPEN
closes in 5 hrs. 46 mins.Dec 10, 2019 11:14 NY Time
| Bid/Ask | 1462.70 / 1463.70 | |
| Low/High | 1459.60 / 1469.90 | |
| Change | +1.50 | +0.10% |
| 30daychg | +3.90 | +0.27% |
| 1yearchg | +218.90 | +17.60% |
| Alerts Charts |
Silver Price & PGMs
Dec 10, 2019 11:14 NY TimeKitco 10AM Silver Fix
| Silver | 16.63 | +0.05 |
| Platinum | 917.00 | +24.00 |
| Palladium | 1878.00 | +15.00 |
| Rhodium | 5575.00 | 0.00 |
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(Fox Business News, Tues. Dec.10th, 2019.) –
The United States, Mexico and Canada have reached a historic trade deal.
“There is no question, of course, that this trade agreement is much better than NAFTA,” House Speaker Nancy Pelosi, D-Calif., said at a press conference announcing her caucus’s support of the agreement. Major U.S. stock indexes turned positive after the announcement.
U.S. Trade Representative Robert Lighthizer, Senior White House Adviser Jared Kushner and Canadian Deputy Prime Minister Chrystia Freeland are expected to be in Mexico City on Tuesday for a signing ceremony.
U.S. Budget Deficit Soars
The U.S. government deficit spiked 12 percent to $342 billion during the first two months of fiscal year 2020, according to data from the Congressional Budget Office.
The CBO says the U.S. budget deficit will average $1.2 trillion a year from 2020 to 2029, amounting to 4.4 percent to 4.8 percent of gross domestic product.
RETAILERS STOCKING UP TO AVOID BITE OF NEW TARIFFS
During October and November, revenue rose 3 percent from a year ago to $471 billion. Receipts from individual and payroll taxes climbed 4 percent, or $17 billion, while receipts from corporate income taxes were up 14 percent, or $1 billion. Receipts from other sources, such as excise taxes and customs duties, fell 11 percent, or $5 billion.
Meanwhile, expenditures rose 6 percent to $813 billion during the first two months of the fiscal year, which runs from October through September. Spending on mandatory programs, such as Social Security, Medicare and Medicaid, was up $22 billion, or 7 percent. Outlays for military programs of the Department of Defense climbed 7 percent, or $8 billion, while Department of Education spending climbed $3 billion, or 25 percent.
The federal deficit was $587 billion when President Trump took office in January 2017, and had ballooned to $984 billion in 2019.
CLICK HERE TO READ MORE ON FOX BUSINESS
The national debt is now more than $23.1 trillion, according to usdebtclock.org.
Posted By :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2004@gmail.com