_{ECONOMIC NEWS}

Egg prices are skyrocketing—and there’s no relief in sight. Brace yourself for even higher costs ahead

Egg prices have more than doubled since summer 2023, driven by a devastating bird flu outbreak that has forced farmers to slaughter millions of chickens each month. With Easter demand surging and no relief in sight, prices are expected to climb another 20% this year.

In December, the national average hit $4.15 per dozen, with some areas seeing prices double that—or facing empty shelves altogether. Organic and cage-free eggs are even pricier, and some stores have begun rationing purchases.

The bird flu outbreak, which began in 2022, has wiped out over 145 million birds, mostly egg-laying hens. The virus spreads easily via wild birds and contaminated farm equipment, making it difficult to contain. Unlike past outbreaks, this strain has persisted through hot summers and even spread to dairy cattle, increasing the risk of prolonged disruptions.

Farmers have spent millions on biosecurity measures, but the crisis has already cost the USDA over $1.14 billion in farmer compensation. Despite these efforts, egg shortages and record-high prices remain a harsh reality, with no immediate solution in sight. Read More.

_{CURRENCY NEWS}

Gold prices soar following tariff-related comments, with bulls setting sights on $2,790

Gold prices rebounded from four-day lows, driven by safe-haven demand amid heightened trade tensions and market volatility. US President Trump’s aggressive tariff comments and Treasury Secretary Scott Bessent’s proposal of 2.5% starting tariffs fueled fears of an escalating trade war, boosting gold prices to $2,763, up 0.88%.

The market remains cautious ahead of the FOMC meeting, where the Fed is expected to hold rates amid halted disinflation and uncertain economic impacts from trade policies. US Durable Goods Orders fell sharply, and Consumer Confidence dropped, reflecting labor market concerns.

Gold bulls aim for a record high of $2,790, with potential to test $2,800 if resistance breaks. Downside risks include support levels at $2,750 and the 50- and 100-day SMAs near $2,660. Safe-haven flows also strengthened the US Dollar Index, which rose to 107.92. Read More.