Burnsville, MN – Love My Library is thrilled to announce its partnership with Mackin Educational Resources, a leading distributor of PK-12 library resources and educational materials. This strategic collaboration will significantly enhance the availability of books through Love My Library’s cutting-edge, fundraising platform to schools, libraries, and educational institutions across the country.
Renowned for its innovative approaches in supporting school libraries and fostering a love for reading, Love My Library will now offer over 5,000 titles through the Mackin platform. This inclusion marks a significant milestone for both organizations, combining Love My Library’s easy to employ fundraising site with Mackin’s robust catalog and distribution network to better serve the educational community.
“We are excited to join forces with Mackin Educational Resources,” said Stephanie Davern, VP of Sales and Marketing at Love My Library. “Their vast reach and commitment to educational excellence align perfectly with our mission to support libraries and encourage a lifelong love of reading. This partnership will enable us to bring our convenient and innovative fundraising platform to a broader audience and make a meaningful impact in these schools.”
Mackin’s Director of Bids, Contracts, & Digital Services, Mesa Heise, expressed enthusiasm about the collaboration, stating, “We are delighted to partner with Love My Library. Their dedication to making fundraising for books effortless, and their forward-thinking solutions make them a perfect fit and align with our literacy goals, to get books in the hands of students.”
About Mackin: For over 40 years, Mackin has provided PK-12 grade libraries and classrooms with access to over 3.5 million printed and digital titles. The 24-time, multi-award-winning digital content management system, MackinVIA, along with divisions Mackin Classroom, MackinMaker, Mackin Learning, and the brand-new, whole school resource management system, MackinVision, help to create a truly unique and robust educational resource company that schools and educators have relied on, year after year. For more information, visit Mackin.com.
About Love My Library: Love My Library is a unique fundraising platform designed to make books accessible to every child, everywhere. Additionally, they are dedicated to enhancing the role of libraries in educational and community settings. Through innovative programs, tools, and resources, Love My Library supports libraries with the tools needed to get books into the hands of students, effortlessly to foster a love for reading and learning.
The Directorate of Medical Education (DME) Chhattisgarh is set to announce the Round 1 Seat Allotment result for Chhattisgarh NEET UG Counselling 2024 tomorrow on August 27, 2024. Candidates who applied for state quota seats in the Bachelor of Medicine and Bachelor of Surgery (MBBS) and Bachelor of Dental Surgery (BDS) programs can view their allotment results on the official website: cgdme.in.
Chhattisgarh NEET UG Counselling 2024: What after results are declared?
For those who receive a seat in the first round of NEET UG counselling in Chhattisgarh, it is mandatory to accept the offer from government medical colleges. However, acceptance of offers from private medical colleges, government dental colleges, or private dental colleges is not compulsory. All allotted candidates must undergo a verification process. Candidates who do not accept a seat at a government medical college will be removed from the counseling process. Candidates allocated a seat in a government medical college must report in person to the assigned institution and complete the document verification process with the scrutiny committee. Following successful scrutiny, candidates will be required to accept their admission offer to the assigned government medical college seat.
Chhattisgarh NEET UG Counselling 2024: Upgradation of seats
Candidates who wish to upgrade their seat from Round 1 to Round 2 must log in to their candidate portal and indicate their willingness to upgrade using an OTP. By choosing this option, the previously selected choices will be canceled, and candidates must make new choices, lock them in, and submit them afresh. It is important to note that if a candidate opts for an upgrade, their admission to the government medical college allocated in Round 1 will be automatically canceled.
Singapore venture capital fund Farquhar VC (FVC) has announced its investment in South Korean EdTech artificial intelligence (AI) startup Catius Inc. Smilegate Investments and STIC Ventures were among the lead investors in the pre-A round.
FVC said in a statement that Catius is the second Korean startup to join the FVC stable of high-growth companies that include Sicpama (food and beverage retail-tech), of which FVC invested alongside Infobank IAccel and the Daegu Center for Creative Economy & Innovation in February 2024.
Catius Inc. is a revolutionary interactive conversational AI companion for children. The platform engages the kid in constant back-and-forth conversation, exploring many enjoyable and exciting themes to instil a lifetime interest in learning and the world around us. It stimulates conversations and maintains children’s interest by asking questions and giving interesting quizzes. Cati uses discussion to assist the child in developing their conversational, social, and real-world abilities.
FVC has recently inked two partnership deals, namely with the Goyang Investment Authority to support the mutual advancement of startups between South Korea (Goyang Special City) and Singapore and South East Asia and Twin Ventures to enable and support cross-border startup collaborations between the two countries and geographical regions. In addition, the firm is currently in discussions with various Korean government and industry stakeholders on potential fund collaborations, while its innovation-advisory subsidiary will be embarking on a joint accelerator programme to enable startups in southern South Korea to explore global expansion opportunities.
Commenting on the latest development, Jason Su, Managing Partner and Chief Investment Officer of FVC, said:
FVC is grateful to be entrusted with enabling startups to scale beyond domestic borders through investment and acceleration. This is possible by having strong partners in academia, the commercialization industry, and government, such as Hanyang University Holdings, Irislab, Infobank, Twin Ventures, and Goyang Special City.
Jason added:
More importantly, several of our portfolio companies (such as Tictag, MyFirst, and Spark Systems) are having ongoing commercial activities in South Korea, proving our ability to catalyze and sustain ties between the two countries and geographical regions.
Established in 2020, FVC has invested in more than 40 global startups to enable their growth through targeted market access with its network of mid-sized and large corporates. The company’s latest investments include EMERGE Group and Aevice Health. In 2024 and 2025, FVC will invest in high-growth Korean startups via its Green Future Fund.
Yesterday, the entire crypto market experienced a substantial downturn on compounding the selling pressure witnessed over the past three weeks. The leading cryptocurrency, Bitcoin (BTC), dropped down by over 20% from its highs in June and May, dropping as low as $54,200 on several exchanges.
The market decline was largely attributed to the long-awaited trustee overseeing the Mt. Gox bankruptcy, who announced the commencement of repaying their creditors soon.As a result, the entire cryptocurrency market shed over $500 billion in combined market capitalization in just 24 hours.
The decline in crypto prices led to substantial liquidations in the derivatives markets, with over 229,755 traders experiencing combined liquidations worth $639.58 million in the past 24 hours. But as soon as the latest unemployment and non payroll jobs data report came out and analysts anticipating interest rate cuts either from Sept or Nov, BTC started rebounding on this news.
As of now, at the time of writing this article, BTC is trading around $57,000 and seems rebounding with a gain of 1.37% in the past 24 hours and has a market capitalization of $1.124 Trillion.
Challenge your total body strength, core stability and mobility with this full body pilates at home workout. You don’t need expensive pilates classes or specialized equipment to achieve your fitness goals. This fusion-style workout combines core-strengthening pilates sequences with high-rep strength training to target every muscle in the body in just 30 minutes.
There are a few things I wish someone had told me before I started pilates.
Slower is harder. Pilates is all about controlled movements, specifically those that target the stabilizing muscles surrounding the core and joints. This is a totally different type of challenge from traditional strength training exercises.
You can use heavy weights. Although traditional pilates classes are bodyweight only, incorporating dumbbells is a great way to encourage muscle growth.
You don’t need to spend money on expensive reformer pilates or mat pilates classes. You can reap all the benefits of pilates workouts at home, using limited or no equipment.
“I admit that I’m not usually thrilled for pilates, but I LOVED this one! It’s definitely going to be one of my go-to work outs! Creative, fun, a good sweat, and feeling the burn!” — Shayna (YouTube Member)
Today’s at-home pilates workout combines elements of strength training, barre/pilates and cardio.
This fusion-style workout allows us to increase muscle mass, improve mobility/flexibility and posture, build deep core strength, and burn fat at home.
30-Minute Pilates At Home Workout
Strengthen and tone your entire body with this guided power pilates at home workout.
A full body workout targeting every muscle group in the body: the lower body (quads, hamstrings, glutes, calves, and thighs), upper body (biceps, triceps, back, shoulders, and chest) and core.
Sequenced Flow (moving naturally from one series to the next)
Workout Equipment:
Light to Medium Dumbbells. I recommend between 2-15 lbs depending on your fitness level. We used 10 lb dumbbells in today’s workout. Option to perform each exercise with no equipment, just your bodyweight.
Workout Outline
Warm Up
Plank and Glute Sequence
Arabesque and Chair Sequence
Lunge and Arms Sequence
Legs and Cardio Series
Mat Pilates Glutes and Core
Cool Down and Stretch
4 Full Body Pilates Exercises At Home
Chair Pose Squat
Targets: Glutes, quads, hamstrings, inner thighs (adductor muscles) and core.
How To Do Chair Pose Squat Pulses
Start standing in a narrow stance, feet together. Hold a dumbbell in each hand outside your thighs.
Bend your knees as you lower your hips down, as if sitting in a chair. Hold this position.
Press evenly through your heels to straighten your knees, standing 80% of the way up. Avoid standing all the way up to increase time under tension.
Modification: Keep your feet hip distance apart (standard squat) if chair pose isn’t comfortable for you.
Overhead Tricep Extension and Front Leg Lift
Targets: Glutes, quads, hip flexors, shoulders, triceps, erector spinae (back and spine), abs and core.
How To Do Overhead Tricep Extensions with Leg Lifts
Start standing on your right leg, keeping a soft bend in your right knee. Place your left toes on the mat in front of you, keeping your weight in your back left leg. Hold a dumbbell in each hand straight overhead, elbows stacked over shoulders, dumbbells pressed together.
Bend your elbows to a 90-degree angle, bringing the dumbbells behind your head. Think ‘hide the dumbbell, show the dumbbell’ if you were watching yourself in a mirror.
Squeeze through the back of your arms to straighten your elbows, pressing the dumbbells overhead. Hold this tricep extension.
Then, with control, lift your left toes out in front of your body, aiming to get your left thigh parallel to your left hip. Brace your core to prevent rib flare.
Slowly and with control, lower your toes to the mat, returning to the starting position.
Continue this pattern, alternating one overhead tricep extension with one front leg lift.
Reverse Nordic Curl (Thigh Dancing)
Targets: Quads, glutes, chest, shoulders, back and core.
How To Do Reverse Nordic Curls
Start in a kneeling position, knees under hips, tops of your feet pressed into your mat. Option to hold one dumbbell horizontally between your hands in front of your hips.
Squeeze your glutes and brace your core to protect your lower back.
Slowly lean backwards, bending your knees but keeping your torso upright. As you lean back, lift the dumbbell up in front of you, keeping both arms straight. Raise the dumbbell to shoulder height.
Slowly and with control, reverse the motion, lowering the dumbbell to your hips as you return to a kneeling position, shoulders stacked over knees.
Single Leg Glute Bridge with Leg Lower
Targets: Gluteus maximus, gluteus medius, calves, hips, hamstrings and abs.
How To Do Single Leg Glute Bridges with Leg Lowers
Start laying on your back, feet hip width apart and knees bent. Option to hold a dumbbell in each hand overhead, wrists stacked over shoulders.
Press through your heels to lift your glutes off the mat, squeezing your glutes as you lift. Think about keeping your core engaged and knees in line with your hips. Keep your right foot planted on the floor, and then extend your left toes straight overhead.
Inhale as you lower your right toes towards the ground, hovering them off the mat. Think about keeping your hips high and stable, pressing through your right foot for stability.
Exhale as you reverse the motion, lifting your left toes to stack over your left foot, returning to the starting position.
Modification: Bend the knee of your floating leg, reducing the range of motion.
LET’S GET STARTED
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Join me for a FREE 2-Week Barre Pilates Challenge, with daily guided workout videos and modifications for all fitness levels!
You don’t need a pilates reformer machine or expensive mat pilates studios to see results at home. The key to making at-home pilates sessions effective is consistency, progressive overload (either by adding load or taking more advanced progressions) and following a workout plan.
What Kind Of Workout Is Pilates?
Pilates is a low-impact, full body workout that focuses on core strength, flexibility, and posture. This form ofstrength trainingtypically focuses on small, controlled movements.
Is Pilates A Good Way To Lose Weight?
Pilates exercises burn calories and build strength in a variety of different muscle groups, such as the legs, core and back.Mat pilatesor bodyweight pilates exercises are great for beginners, and you can add dumbbells to increase the intensity as your strength improves.
Pin This Workout: Pilates At Home Full Body Workout
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The Karnataka School Examination and Assessment Board (KSEAB) has declared the Secondary School Leaving Certificate (SSLC) exam 3 results on Monday, August 26, 2024. soon. Candidates who appeared in the examination can check their scorecards at kseab.karnataka.gov.in. Karnataka SSLC exam 3 live updates
Karnataka SSLC exam 3 result 2024 have been declared at kseab.karnataka.gov.in, direct link to check is given here.
Candidates will need to enter details such as registration numbers and dates of birth to check the results.
It may be mentioned here that the examination was conducted from August 2 to 9, 2024. Prior to this, the board had announced the Karnataka SSLC exam 2 and 1 results on July 10 and May 9, 2024.
A total of 2,23,293 students appeared for the Karnataka SSLC exam 2, and 69,275 passed. The pass percentage was recorded at 31.02 per cent.
Likewise, in exam 1, a total of 8,59,967 students appeared out of whom 6,31,204 candidates passed. The pass percentage stood at 73.40 per cent.
Meanwhile, candidates can follow the steps mentioned below to check the Karnataka SSLC exam 3 result.
Karnataka SSLC exam 3 result 2024: Here’s how to check
Visit the official website at karresults.nic.in.
On the home page, click on result link titled ‘SSLC 2024 EXAM – 3 RESULT’
Key in your login credentials and submit.
Check your exam 3 result displayed on the screen.
Download your result and keep a copy of the same for future reference.
For more details, candidates are advised to visit the official website.
News/Education/Exam Results/ Karnataka SSLC exam 3 result 2024 released at kseab.karnataka.gov.in, direct link to check here
Algebraic expressions are essential building blocks in mathematics, acting as a bridge between arithmetic and more advanced concepts. Whether you’re just starting algebra or refreshing your skills as an adult, understanding how to write and evaluate algebraic expressions is a must for success in any math class. This guide will walk you through the essential basics and offer clear explanations with examples to help you develop these essential abilities.
An algebraic expression is any expression consisting of variables, numbers, and mathematical operations such as addition and subtraction. Unlike equations which use equal signs to determine equality and can be solved mathematically, expressions represent values without an equal sign or any declaration of equality. For instance, the expression 2x + 3 would be considered an algebraic expression where “x” stands for any number.
Variables are letters (usually lowercase) that represent unknown numbers, while constants have fixed numerical values, and constant coefficients multiply variables to produce coefficients that multiply variables by themselves. Mathematical symbols like +, -, x, and / are used as operators that multiply these factors together, while exponents indicate how often bases multiply together to form their sums.
Examplefor Evaluating Algebraic Expressions
Calculating 3×2 – 2x + 5, when x=2: Step 1: Replace “x” with 2, step 2: Solve using PEMDAS [3, 4 and 5 = 8 and 13].
Common Mistakes to Avoid
Failing to Distribute: When multiplying terms by 2, remember to distribute both terms as 2x + 6.
Mishandling Negative Numbers: Take care when subtracting negative numbers, as this becomes an addition and should only ever be subtracted away with caution.
Rejecting PEMDAS’ order of operations: For accurate results, always adhere to PEMDAS.
As your experience with basic algebraic expressions increases, more advanced concepts become accessible to you:
Reducing Expressions by Combining Like Terms
These techniques simplify expressions by adding and subtracting terms that share variables and exponents (for instance, 3x + 2y -x + 5y = 2x + 7y) through addition or subtraction of like terms with the same variables and exponents (such as adding 3x + 2y or subtracting them with the same exponents and variables).
An example would be: 3x+ 2y +x+5y = 2x + 7y
Evaluating Algebraic Expressions in Rational Expressions
Rational Expressions are algebraic fractions with variables in either their numerator, denominator, or both parts that involve variables as numeric coefficients in either one of their parts – for instance: 6×2 + 3x = 3x(2x + 1). For instance, the expression 6×2 + 3x = 3x(2x + 1) in this example would find shared factors between them all and would therefore become equal in the analysis. This is opposed to distribution, where common factors would be distributed among expressions, e.g., 6×2 + 3x = Common factors are found within expressions by searching out common factors within expressions, which would then become similar expressions in the analysis.
eg: 6×2 + 3x = 7x(2x + 1)
Rational Expressions are fractions that contain variables either in their numerator or denominators or both numerators or denominator of their expression, which have at least one variable numerator/denominator or both values within their fractional form and, therefore, can also involve variables anywhere within their fractional form, e.
Example of Multiplication Of two numbers to solve for one value (x + 1) by 1
Real-Life Applications Use of Algebraic Expressions
Understanding algebraic expressions is vital to real-life applications. For instance, it allows one to perform various calculations more easily and safely.
Finance involves calculating interest, loans and investments.
Science uses algebraic expressions extensively when formulating theories of physics, chemistry, and biology. Engineering includes designing structures and solving complex issues using algebraic concepts, while computer programming employs many algorithms and functions based on algebraic principles.
Tips for Mastering Writing Algebraic Expressions
Learn the Order of Operations
Understanding the order of operations – often remembered by its acronym PEMDAS (Parentheses, Exponents, Multiplication, and Division (from left to right), Addition and Subtraction) – is crucial in simplifying algebraic expressions correctly and avoiding errors during calculations. Always abide by this procedure to avoid making costly errors during your calculations.
Utilise Checklists for Problem Solving
Make use of checklists or step-by-step approaches when solving algebraic expression problems to ensure you do not overlook any crucial steps during the problem-solving process. This will also help organize your thoughts, helping prevent missed steps from accumulating.
Practice Mental Math Techniques
Although algebra requires written calculations, practicing mental math techniques can significantly speed up problem-solving abilities. Train yourself to perform basic arithmetic operations mentally quickly for quicker evaluations of algebraic expressions.
Repetition Is Key
Consistent Practice is vital to mastering algebraic expressions. Work through various problems until you feel at home with various types of expressions and operations.
Utilise Resources
Leverage textbooks, online tutorials, and educational platforms like Khan Academy and Coursera as additional sources for practice and explanation.
Organise Your Work
Keep your work clean and neat by outlining each step to avoid confusion or errors in translation. This way, mistakes won’t occur!
Take Your Time
Please make sure you fully comprehend each issue before trying to tackle it quickly; doing so could result in errors and compromise your understanding. Rushing can result in costly errors and impair learning.
Relate Algebraic Expressions to Real World Examples
Making algebraic concepts more relatable and more accessible to grasp by connecting them to everyday situations will make them much more straightforward to grasp.
Writing and evaluating algebraic expressions are essential skills that form the basis of more advanced mathematical concepts. By understanding their components, translating from words into math, and mastering evaluation techniques, you’ll develop an enduring foundation for future mathematical studies and real-world problem-solving.
Example of Evaluation of Simple Algebraic Expressions
Algebra is a branch of mathematics in which letters can be added, multiplied, and divided by numbers to solve an equation for unknown letters, which are known as unknowns. Some rules must be observed when solving algebra problems, known as the order of operations. The PEMDAS (“Please Excuse My Dear Aunt Sally”) memory aid is helpful for memorizing.
P = parenthesis
E = exponents
M = multiplication
D = division And
A = addition
S = subtraction
One approach to solving algebraic expressions is to isolate both variables on one side of the equation—be they multiplied or divided—so as not to multiply or divide by themselves on either side. Also, keep in mind that what happens on one side must occur on both sides.
Let’s examine an example of using these rules to solve an algebraic expression.
4x – 6 = 10
To get 4x by itself, we add 6 to both sides of the equation and multiply.
4x = 16
To solve this equation, divide both sides by 4 to get x by itself and thus achieve a complete solution of it.
4.Now, it is possible to tackle some problems using 4x/4 = 16/4 and solve some.
Bottom Line
Mastering algebraic expressions is an essential foundational skill of mathematics that will prepare you for more advanced concepts. By writing and evaluating expressions, you can build problem-solving and critical-thinking skills. Start by familiarising yourself with their essential components; practice writing them based on real-world scenarios; use step-by-step evaluation methods to analyse them; remember, practice is vital! Gradually, you will find that working with algebraic expressions becomes intuitive and rewarding! So keep challenging yourself, and enjoy your journey to mastering algebra!
Gold steady and little changed near record levels early Monday after surging in the previous session on Fed rate cut anticipation, after Fed Chairman Jerome Powell seemed to confirm the central bank’s plans to begin interest rate cuts next month.
Powell, speaking at the central bank’s annual conference in Jackson Hole, Wyoming, on Friday, said “the time has come” for a rate cut as inflation nears the Fed’s 2% target. Rate cuts are considered bullish for gold because they make it a more attractive investment than some other assets.
Front-month gold futures rose 0.3% last week to settle at $2,546.30 an ounce on Comex after the most-active December contract gained 1.2% Friday. Bullion is up 3% in August after increasing 5.7% in July, its biggest monthly gain since March. Gold fell 0.3% in June. The metal rose 13% in 2023. The December contract is currently up $13.90 (+0.55%) an ounce to $2560.20 and the DG spot price is $2526.40.
“The time has come for policy to adjust,” Powell said Friday. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks.”
The central bank’s favorite inflation measure, the personal consumption expenditures price index, comes out Friday with July data. Next week will bring the closely watched U.S. monthly employment report for August. The Fed closely tracks both labor market and inflation data when crafting monetary policy.
Additional economic data due this week include durable goods orders for July on Monday, consumer confidence figures for August on Tuesday and GDP data and weekly initial jobless claims on Thursday
Powell didn’t signal how big a rate cut next month might be. Investors tracked by the CME FedWatch Tool unanimously expect the Fed to begin interest rate cuts at the central bank’s next policy meeting in September. About 65.5% expect a 25 basis point cut, while the rest anticipate a 50 basis point cut.
The Fed has kept interest rates at 5.25% to 5.50% for a year after raising them by 5.25 percentage points since March 2022 to rein in inflation.
Separately, an escalation in the conflict in the Middle East over the weekend reinforced gold’s attractiveness as a haven asset against uncertainty. Israel announced what it called preemptive strikes against Hezbollah in southern Lebanon early Sunday, while Hezbollah subsequently fired barrages of rockets and drones at northern Israel.
Front-month silver futures increased 3.4% last week to settle at $30.26 an ounce on Comex after the December contract rallied 2.7% Friday. Silver is up 4.6% this month after dropping 2.1% in July and falling 2.9% in June. It ticked up 0.2% in 2023. The December contract is currently up $0.234 (+0.77%) an ounce to $30.490 and the DG spot price is $30.03.
Spot palladium gained 0.8% last week to $966.00 an ounce after surging 2.4% Friday. Palladium is up 1.9% this month after decreasing 4.3% in July and gaining 8.1% in June. Palladium plummeted 38% last year. The DG spot price is currently up $19.50 an ounce to $984.00.
Spot platinum rose 0.7% last week to $967.10 an ounce after increasing 1.5% Friday. Platinum is down 1.6% in August after losing 2.1% in July and falling 3.7% in June. Platinum dropped 6.8% in 2023. Currently, the DG spot price is up $16.10 to $982.20.
Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or a recommendation regarding any particular security, commodity, or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities, or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand, and accept this disclaimer.
Gold steady and little changed near record levels early Monday after surging in the previous session on Fed rate cut anticipation, after Fed Chairman Jerome Powell seemed to confirm the central bank’s plans to begin interest rate cuts next month.
Powell, speaking at the central bank’s annual conference in Jackson Hole, Wyoming, on Friday, said “the time has come” for a rate cut as inflation nears the Fed’s 2% target. Rate cuts are considered bullish for gold because they make it a more attractive investment than some other assets.
Front-month gold futures rose 0.3% last week to settle at $2,546.30 an ounce on Comex after the most-active December contract gained 1.2% Friday. Bullion is up 3% in August after increasing 5.7% in July, its biggest monthly gain since March. Gold fell 0.3% in June. The metal rose 13% in 2023. The December contract is currently up $13.90 (+0.55%) an ounce to $2560.20 and the DG spot price is $2526.40.
“The time has come for policy to adjust,” Powell said Friday. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook and the balance of risks.”
The central bank’s favorite inflation measure, the personal consumption expenditures price index, comes out Friday with July data. Next week will bring the closely watched U.S. monthly employment report for August. The Fed closely tracks both labor market and inflation data when crafting monetary policy.
Additional economic data due this week include durable goods orders for July on Monday, consumer confidence figures for August on Tuesday and GDP data and weekly initial jobless claims on Thursday
Powell didn’t signal how big a rate cut next month might be. Investors tracked by the CME FedWatch Tool unanimously expect the Fed to begin interest rate cuts at the central bank’s next policy meeting in September. About 65.5% expect a 25 basis point cut, while the rest anticipate a 50 basis point cut.
The Fed has kept interest rates at 5.25% to 5.50% for a year after raising them by 5.25 percentage points since March 2022 to rein in inflation.
Separately, an escalation in the conflict in the Middle East over the weekend reinforced gold’s attractiveness as a haven asset against uncertainty. Israel announced what it called preemptive strikes against Hezbollah in southern Lebanon early Sunday, while Hezbollah subsequently fired barrages of rockets and drones at northern Israel.
Front-month silver futures increased 3.4% last week to settle at $30.26 an ounce on Comex after the December contract rallied 2.7% Friday. Silver is up 4.6% this month after dropping 2.1% in July and falling 2.9% in June. It ticked up 0.2% in 2023. The December contract is currently up $0.234 (+0.77%) an ounce to $30.490 and the DG spot price is $30.03.
Spot palladium gained 0.8% last week to $966.00 an ounce after surging 2.4% Friday. Palladium is up 1.9% this month after decreasing 4.3% in July and gaining 8.1% in June. Palladium plummeted 38% last year. The DG spot price is currently up $19.50 an ounce to $984.00.
Spot platinum rose 0.7% last week to $967.10 an ounce after increasing 1.5% Friday. Platinum is down 1.6% in August after losing 2.1% in July and falling 3.7% in June. Platinum dropped 6.8% in 2023. Currently, the DG spot price is up $16.10 to $982.20.
Disclaimer: This editorial has been prepared by Dillon Gage Metals for information and thought-provoking purposes only and does not purport to predict or forecast actual results. This editorial opinion is not to be construed as investment advice or a recommendation regarding any particular security, commodity, or course of action. Opinions expressed herein cannot be attributable to Dillon Gage. Reasonable people may disagree about the events discussed or opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. It is not a solicitation or advice to make any exchange in commodities, securities, or other financial instruments. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand, and accept this disclaimer.
, Gold steady near record on Fed rate cut anticipation
An algebraic expression is any expression consisting of variables, numbers, and mathematical operations such as addition and subtraction. Unlike equations which use equal signs to determine equality and can be solved mathematically, expressions represent values without an equal sign or any declaration of equality. For instance, the expression 2x + 3 would be considered an algebraic expression where “x” stands for any number.
