With inflation, healthcare costs, rising home expenses, including high property taxes, Connecticut retirees struggle to cover their monthly needs with Social Security and pensions. Many are turning to their savings and investments to make ends meet.

In the first hour of this morning’s Asian session, the price of gold managed to climb above $2400 and form a new high at the $2403 level.

It's a very big week for the region with the Bank of Japan meeting on July 31, and some critical June and 2Q24 inflation data for the Reserve Bank of Australia. We have a quiet Monday to get ready for this.

The Bank of Japan is essentially stuck with its ultra-loose monetary policy while the Federal Reserve is still somewhat in the air as to how many cuts they are going to make in the next few months.

Federal Reserve expected to hold rates steady at 5.25-5.5% during this week’s meeting.