Precious metals news

Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell speak Tuesday to the Senate Committee on Banking, Housing and Urban Affairs on efforts their respective institutions have taken to combat the pandemic’s impact on the economy.

The Federal Reserve held its September Federal Open Market Committee (FOMC) meeting last week. While there was a lot of talk about the central bank tapering its quantitative easing program, the Fed didn't announce any concrete plans to slow asset purchases. The lack of concrete action was no surprise to Peter Schiff. After the Fed meeting, Peter appeared on NTD News to talk about it and the Fed's apparent reluctance to take any concrete steps toward monetary tightening. He said the central bank is in the process of replacing America's economic foundation with a money printing press.

There is inflation in our midst, and it seems insidious. It’s the type that adds up quickly, works its way through the economy and finds it way straight and ominously into your wallet.

Outstanding household debt reached 59.9% of total wages in June, the highest level since data started being published by the central bank in 2005. The total debt, ranging from short-term credit card loans to mortgages, increased by 10.6% from a year ago, the bank said on Monday.

Coal shortages and efforts to control energy consumption make it harder for Chinese factories to operate.

Asking rents spiked 10%-25% in half the cities. Rents fell in only a few, incl. -25% in San Francisco from 2019 peak.

When playing word association with China’s economy right now, some phrases spring to mind that may seem unfair: pyramid scheme, house of cards, Jenga tower with half the pieces missing, intoxicated teenager on stilts. But two terms that do not come to mind, and absolutely should not, are “stable” and “sustainable.”

Central banks in Japan and the United States appeared to be heading in different directions at their September monetary policy meetings. The Bank of Japan stuck with its ultra-easy stance, while the US Federal Reserve hinted at a shift towards tightening policy. How will their diverging stances impact Japan, and what effects will the Fed’s policies have on economies around the globe?

U.S. cryptocurrency markets and related platforms will “not end well” if they stay outside the purview of regulators, according to Securities and Exchange Commission Chairman Gary Gensler.

Margin debt just shot back to an all-time high in the stock market. Is it a sign of an overheating market? Not quite yet, says JPMorgan Chase & Co.’s prime broker.

Senate GOP Blocks Bill That Would Fund Government and Suspend Debt Limit, As Time Runs Short To Avoid Shutdown and Default

Gold prices fell to a 1-1/2-month low on Tuesday, as firmer dollar and soaring U.S. Treasury yields dented the metal's safe-haven appeal, amid more signals emerging that the U.S. Federal Reserve could be shifting towards tighter policy. The dollar index hit a more than one-month high, while the benchmark U.S. 10-year Treasury yields touched its highest level...

Stock futures sank Tuesday morning, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields.

The resignation of two Federal Reserve chiefs amid a stock-trading scandal means an unexpected number of top monetary-policy jobs are coming up for grabs - and there'll likely be an unusually intense spotlight on who fills them..

No sooner did I ask this morning whether or not Dallas Fed President Robert Kaplan would be joining Boston Fed President Eric Rosengren in resigning, than Kaplan did exactly that.

Today we primarily look at the price action in cryptos and precious metals — silver, gold, palladium, and platinum. In this video update we try to evaluate whether cryptos could cause the precious metals to reach certain key price points. Since all markets are highly interconnected, we need to carefully consider the causalities among them.

Archaeologists from the University of Alicante, and the Spanish Civil Guard Special Underwater Brigade (GEAS), in collaboration with the Town Council of Xàbia, has recovered a hoard of 53 gold coins from the 4th and 5th century AD. - HeritageDaily - Archaeology News

Gold futures settled with a slight gain on Monday, as Treasury yields eased back from their highest levels of the session. "Bearish elements," such as the...

Earlier today, Fed's Rosengren announced his retirement. He cited health reasons. He is also scheduled to to retire in June 2022. Now Dallas Fed president Kaplan has announced his retirement effective October 8. Kaplan sites distractions of recent financial disclosure for his decision. Both Rosengren and Kaplan have been cited for questionable financial transactions in their personal investment accounts during the pandemic.

Federal Reserve Bank of Boston President Eric Rosengren will retire Thursday, about nine months early, citing health reasons, as the veteran policy maker was navigating a controversy over his trading.