Precious metals news

Futures fell in early morning trading Thursday after both the S&P 500 and Nasdaq Composite closed at records.

With the 2021 BP Statistical Review release today, world energy consumption per capita peaked in 2018, declined in 2019, and then dropped considerably in 2020 during the pandemic shutdowns.  Also, while most countries showed a decline in total energy consumption last year, these two countries actually reported increases...

Gold prices are finally catching a long-awaited bid as inflation fears have subsided, and Goldman Sachs analyst Mikhail Sprogis said the upside move is only just beginning.

Binance, which typically accesses SEPA through payment intermediaries, described the move as "temporary." But the restriction marks the latest prohibition on customers moving funds on to the exchange from conventional banks and other types of financial accounts.

Debate continues in Washington about more multi-trillion-dollar spending plans. But we just got an ugly reminder that the federal spending we’ve already passed is bankrupting the country.

Corporations can afford robots. Their competitors often cannot.

Last week we outlined how the S&P 500 is extremely overextended above its 50-month moving average.

U.S. Treasury yields continued on their downward trajectory on Wednesday, with 10-year yields on track for a seventh straight session of declines on worries the economic recovery may be softening while investors assessed the minutes from the Federal Reserve’s June meeting for clues to its policy path.

Since the last FOMC meeting (June 16th) - when Chair Powell admitted The Fed was talking about talking about talking about talking about tapering - bond (prices) have soared, gold has been dumped as the dollar surged...

This analysis focuses on gold and silver within the Comex/CME futures exchange See the article What is the Comex? for more detail. It provides historical context and defines many of the terms used below.
While it is exciting to track the countdown to First Notice to determine how many contracts will stand for delivery in a given month, the real movement of metal occurs in the stock report which shows metal entering and leaving the Comex system as well as ownership of physical metal. The charts and tables below analyze this data to track the change in trend that occurred with the Covid pandemic in early 2020 as noted in What is the Comex?.

(Mortgage Purchase Applications In Decline With Rising Job Openings). Ain’t this a kick in the head. The job openings data was released this morning and we found out that 9.2 million jobs were added!! But at the same time, we saw DECLINE in labor force particip…

Former Federal Reserve Board nominee Judy Shelton argues rising inflation and inaction from the Fed will keep the economy from fully recovering.

The European Central Bank will take greater account of stress tests when setting buffers that lenders should hold on top of the minimum requirements for financial strength.

The world’s central banks are increasingly using their powerful platform to put a spotlight on inequality.

A regime of ultralow interest rates would extend well into the future, more than offsetting federal debt rising at a pace, and reaching a share of the economy, that’s unprecedented in peacetime.

U.S. Treasury Secretary Janet Yellen will press G20 counterparts this week for a global minimum corporate tax rate above the 15% floor agreed by 130 countries last week, but a rate decision is not expected until future phases of negotiations, U.S. Treasury officials said on Tuesday.

Almost 85 per cent of reserve managers say they do not expect cryptocurrencies to replace the precious metal in their foreign currency reserves, according to an annual UBS survey of 30 leading central banks.

Beijing has sent shockwaves through global financial circles with plans to tighten restrictions on overseas listings of Chinese companies, in a development that could threaten more than $2tn worth of shares on Wall Street.

The U.S. market boomed in the first half of the year, with the S&P 500 jumping 14.4% in six months.

Six months into President Biden's tenure, Wall Street remains divided over the likelihood one of his campaign promises: Higher taxes.