Gold has all the potential to go unprecedentedly high. But silver will be gold on
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Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday. Argentina's government needs to rebuild reserves to cover trade costs and future debt repayments, and more reserves are a key objective of a major debt deal...
Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain issues and the continuing war in Ukraine.
Central Bank’s $143 Billion Record Loss Costs Swiss Government Usual PayoutJan 9, 2023 - 05:38:30 PST
Switzerland’s government will not receive a payout from the Swiss National Bank for 2022, as the central bank projects the biggest loss in its 116-year history.
US equities face much sharper declines than many pessimists expect with the specter of recession likely to compound their biggest annual slump since the global financial crisis, according to Morgan Stanley strategists.
The odds of an economic revival in China and a Federal Reserve pivot this year are underpinning the hopes of emerging-market bulls. The stage is set, they say, for a much overdue broad rally in the asset class.
Stocks kicked off the new year on a positive note, with the S&P 500 climbing 1.4% last week. The index is now up 8.9% from its October 12 closing low of 3,577.03 and down 18.8% from its January 3, 2022 closing high of 4,796.56.
Central banks aren’t giving up their inflation fight yet with the peak in interest rates still to come in most economies, but pauses will come at some point in 2023 — and perhaps even pivots.
Hopes for less aggressive Fed rate hikes and and open China borders bolstered investor sentiment.
During the pandemic, we got trillions of dollars in stimulus. The Federal Reserve alone pumped nearly $5 trillion into the economy. People gobbled up those stimulus checks, but there is no such thing as a free lunch. Now we're paying for those stimmy checks with rampant inflation that is morphing into stagflation.As Peter Schiff has said, "Every dollar that the government spends must be paid for by the public, one way or another."
Central banks globally added another net 50 tons of gold to their reserves in November, driven in part by the first official purchase by China since 2019.
The US government has once again run up against the debt ceiling. Meanwhile, interest payments on the debt keep growing.The Treasury only added $6B of debt in December, allowing short-term debt to mature and replacing it with longer-term debt. This makes sense as long-term rates are below short-term rates with the inverted yield curve.
The headlines keep telling us the US has a robust job market, but a deeper dive into the data tells a much different story.
If you were going to invest your hard-earned money in the mining shares, what would be the better-performing assets, the Gold or Silver Mining Stocks? I decided to compare the top Gold & Silver Mining ETFs to see which performed better over a short and a more extended period. I was surprised by the results...
Precious metals are starting 2023 with a bang. Gold has recently broken out, but what about its volatile brother silver?
Jan 6, 2023 - 13:00:23 PST
The gold bull is back on track, with the yellow metal scaling near seven-month highs again Friday, as moderating U.S. jobs growth signaled more slowing of rate hikes by the Federal Reserve.
Gold together with silver and platinum are among a few commodities trading up as a new year gets under way. Gold’s newfound resilience and momentum from December has been carried over to January as investors seek shelter from what has been forecast to be another overall challenging year ahead for other asset classes, especially stocks.
Building the World's Highest Capacity Vault is a video series chronicling the journeys of the people behind the construction of The Reserve.
On December 26, Sberbank announced that it had issued its first tokenized gold on the Sber blockchain. The state-owned Russian bank received a license for Digital Financial Assets (DFAs) in March 2022 and launched its first digital asset in July based on factored invoices.
Central banks bought a further 50 tonnes (t) on a net basis during the month, a 47% increase from October's (revised) 34t.
If Saudi Arabia decides to trade its oil with China in renminbi rather than US dollars, it would add momentum to ‘petro-yuan’ trading. Chi Lo explains