Precious metals news

One solid indication is when there are lots of buyers willing to pay prices far above current so-called spot prices. The theoretical “spot price” is the price per unit at which a futures contract that matures in the current month (“on the spot”) changes hands. In the COMEX, most of the trading involves 100-ounce bars. In the London Bullion Market Association, gold contracts trade 400-ounce bars.

For the last decade, central bank gold purchases have accounted for between 10% and 15% of total gold demand. Led by emerging market central banks, this demand has provided key support for gold prices, but with macroeconomic developments reshaping the global economy, some are beginning to question if central banks will change their buying behaviors. Fortunately for gold investors, there’s good reason to be optimistic moving forward.

Gold dropped 2.6% in September1 on the back of the twin headwinds of a surging US dollar and higher bond yields

Total consumer credit rose $32.2 billion, well above last month's $26 billion and also above the $25 billion consensus estimate.

The world’s finance ministers and central bankers are descending on Washington, D.C., next week, and the gathering will have the feel of an economic Last Supper. A recession in advanced economies is now all but certain, and the International Monetary Fund will officially downgrade its 2023 growth forecasts next week. Germany is likely to admit it’s already in recession, and inflation expectations remain elevated.

World Bank President David Malpass warned that the world is facing the 'fifth wave of debt crisis,' as he urged more support for countries in...

Risk gauges in Germany’s government debt market rose last week to levels higher than recorded in the 2008 world financial crash, as margin calls forced the liquidation of derivatives positions held by banks, insurers and pension funds.

The International Monetary Fund will next week downgrade its forecast for 2.9% global growth in 2023, Managing Director Kristalina Georgieva said on Thursday, citing rising risks of recession and financial instability.

One would have hoped that after the fall of the Soviet Union, the idea of a centrally planned economy would have been discarded forever. But alas, it was not. And now we are witnessing the failure of the "Western" version of central economic planning. It doesn't matter how brilliant the planners believe they are. The "advanced" technologies that they may have make no difference whatsoever. Even "artificial intelligence" (an oxymoron if there ever was one) can't make central economic planning work. Freedom is fundamental to civilized life, and sound money is the immutable foundation.

MacroVoices welcomes HonTe Investments founder Alex Gurevich to the show where Alex shares why he agrees with the view that the macro risks are quite substantial now and why he thinks we're headed toward a deflationary depression.

"The Fed overdid it to begin with by pushing excessive monetary growth, and now they’re doubling-down on overdoing it by tightening too much. That’s steering the economy towards one whopper of a recession," predicts Hanke.

The unraveling of hyper-Globalization and hyper-Financialization will generate consequences few conventional analysts and pundits anticipate.

...two researchers at the Office of Financial Research published a breathtaking and almost surreal analysis of how the mega banks on Wall Street are once again doubling down on unprecedented risk with derivatives and threatening the financial stability of the U.S. The report was ignored by mainstream business media.

There is a growing realization that the world faces a combination of persistent inflation of prices and a recession at the same time. The factors driving both are visibly intensifying.

Vulnerabilities in the financial system have emerged, ironically, through some well-intentioned initiatives to reduce risk. Since the 2008 financial crisis, there have been moves designed to reduce the level of credit between counterparties in markets.

Central Banks (CBs) are at a crossroads. Most of the major monetary authorities have engaged, belatedly, in compressed cycle of substantial hiking of interest rates. Apart from the European Central Bank (ECB), they run the risk of overtightening their monetary stance and raising interest rates beyond a level which economies can accommodate without major disruptions.

But what the Fed does at home reverberates across the globe, and its actions are raising the risks of a global recession while causing economic and financial pain in many developing countries.

Almost half of US families surveyed by the Census Bureau found the recent rise in consumer prices “very stressful” -- and the vast majority of the others were also worried about inflation.

There were more than 5,600 insolvencies in the second quarter of the year.

Germany’s industrial production fell by 0.8% in August compared to July, amid a significant drop in output at energy-intensive industries, the German Federal Statistical Office said on Friday.