October 15, 2024
Gold Investing

The price of gold is at a record high. Here’s why

NEW YORK — A gold rush is here. The precious metal hit an all time high this week. The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the highest closing price recorded for the commodity to date. Here’s what you need to know. The spot price of gold closed

Read More
Financial Assets

Pandemic-Era Liquid Wealth Is Running Dry

Consumer spending has remained surprisingly resilient over the past two years in the face of higher interest rates. In an earlier study (Abdelrahman, Oliveira, and Shapiro 2024), we showed that the continued strength in consumer spending could be partially explained by the large amount of wealth that households built up following the onset of the

Read More