Precious metals news

China’s top banking regulator warned retail investors to avoid financial derivatives, stepping up a bid to curb risks amid rising volatility in global commodities.Investors that speculate in currency, gold or other commodity futures are set to pay the same heavy price as those betting that property prices will never fall, said Guo Shuqing, chairman of the China Banking...

Japanese Prime Minister Yoshihide Suga is likely to compile another big economic stimulus package before calling a snap election in September, the Nikkei newspaper said on Thursday, although most major economies have scaled back crisis-mode policies to combat the coronavirus.

Japan's wholesale prices rose at their fastest annual pace in 13 years reflecting higher commodity costs, data showed on Thursday, a sign global inflationary pressures are pinching firms already struggling amid the coronavirus pandemic.

High inflation is the worst-kept secret out there, but the government, central bankers and financial media have all downplayed the threat. The folks at the Federal Reserve keep telling us that rising prices are "transitory," the product of a robust and fast-moving post-pandemic economic recovery.
One of the reasons often given for rising prices is "supply chain bottlenecks" caused by the sudden recovery in demand. But a dive into the data reveals that most commodity prices have risen in tandem in an environment of wide levels of spare capacity, and in some cases, even overcapacity. The supply chain isn't the problem. The money is the problem.

The government has issued a new batch of stimulus checks authorized through the American Rescue Plan Act. Here's where the money is going.

The 10-year Treasury yield rose slightly early on Thursday but remained below 1.5%, with key inflation data due out later in the morning.

The Group of 20 economies saw gross domestic product return to pre-pandemic levels in the first quarter of 2021.

The European Central Bank decided Thursday to keep interest rates and wider stimulus policies unchanged.

The ECB ended up keeping its key policy unchanged, and continues to see PEPP purchases "to continue at significantly higher pace" for at least the current quarter, meaning that the ECB's Dovish policies remain in place for summer with bond buying to continue at a "significantly higher" pace in 3Q and ahead of the Sep strategy review.

Group of Seven leaders are about hold a three-day summit in the U.K., with an agenda likely to include climate, trade, pandemic recovery, Russia and China.

After the government released the high CPI inflation figure today, precious metals investors were expecting much higher gold and silver prices.  With the CPI - Consumer Price Index rising 0.6% in May and 5% over the past year, the market is bracing for massive inflation ahead.  But is it coming, and is the gold price keeping up...

DoubleLine's Gundlach said the dollar going down could ultimately cause the market to regard the national debt as a threat to future returns in his latest webcast.

In other words, by the time gold is at $4000 oz., it will cost you twice as much for everything you need. You will need $100,000 per year to pay for what costs you $50,000 per year now.

Thursday’s US consumer price index (CPI) for May will be perhaps the most closely watched indicator so far this year. The big question facing the financial markets nowadays is: is the decades-long…

The increase in the growth rate of the Consumer Price Index (CPI) has fueled concerns that if the rising trend were to continue the Fed is likely to tighten its interest rate stance. Observe that the yearly growth rate in the CPI climbed to 4.2 percent in April from 2.6 percent in March and 0.3 percent in April 2020.

The first thing any economist should do when reading a budget proposal is to analyze the basic macro assumptions and the results presented by the administration. When both are poor, the budget should be criticized. This is the case of the Biden Budget Plan.

Part One of this article showed how growing wealth inequality might pressure the Fed to taper QE and/or raise interest rates. Given the indirect market liquidity resulting from the Fed’s stimulus, a reduction is likely a headwind for many asset prices.

With usage of the Fed's overnight reverse repo facility again hitting a new record high on Tuesday, rising to an all-time high of $497.4 billion...

Investors and businesses viewed the recent jobs and wage data differently. Investors saw the below-consensus gain in employment as friendly to risk-based assets. Companies would counter, saying it took three times the consensus gain (0.6%) in average hourly earnings, and probably other compensation-sweeteners, to attract the 559,000 workers...

Despite concerns about a return of inflation, market participants in Europe are actually expecting the ECB to keep its foot on the stimulus pedal this week.