Precious metals news

At 57.6 percent, it sits over 3 percentage points (representing over 9 million jobs) below the pre-pandemic level, which the Federal Reserve (Fed) has identified as a key marker on the path toward full employment. But consensus forecasts imply the ratio will struggle to return to 2019 levels despite strong gross domestic product (GDP) growth...

The ECB is already battling upward pressure on yields from the U.S. recovery and its $1.9 trillion fiscal stimulus, which threaten to push up euro-area borrowing costs too soon. The Governing Council recently accelerated asset purchases under its 1.85 trillion-euro ($2.2 trillion) pandemic program, which is scheduled to last until the end of March 2022.

Gold and silver prices fell in the first quarter of 2021, but as the world begins to move from pandemic to recovery, new risks for investors—and thus new catalysts for higher prices—are emerging. Our quarterly review looks at the performance of gold and silver vs. other major asset classes in Q1, along with a review of the conditions that are likely to impact them as the year progresses.

The IMF and World Bank spring meetings are about to kick off, where those who pay no income tax get to talk about tax evasion, tax hikes, inequality, and Building Back Better. US Treasury Secretary Yellen will use the platform to push for a global standardization - upwards - of corporate tax rates. National Security Advisor Sullivan has also tweeted in support:

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Credit Suisse Group AG could see further impact from the Archegos Capital Management blowup this quarter as it winds down residual positions. While the Swiss bank has substantially reduced its exposure, the sale of about $2.3 billion worth of stocks via block trades this week didn’t affect the first-quarter figures...

A record-low 35% of Americans worry about catching COVID-19. At the same time, 77% say the coronavirus situation is improving.

A fresh spike in Treasury yields will rattle markets and could send more family offices and hedge funds down a similar path to Bill Hwang’s Archegos Capital Management, according to Nouriel Robin. Robin, a professor at New York University’s Stern School of Business and a former adviser to the U.S. government, said the combination of low-to-negative rates...

The growing risk of debt crises in the developing world threatens to hamper the global recovery from Covid-19.

While we already knew that the US labor market started off 2021 with a whimper (with a disappointing January jobs report) only to hit a bang in March when almost 1 million new jobs were created, what we didn't know is that the blockbuster March payrolls was being set up by a frenzy in February job openings.

U.S. job openings increased more than expected in February while hiring improved as strengthening domestic demand amid increased vaccinations and additional fiscal stimulus boost companies' need for more workers.

Fiscal hawks have been sounding the alarm about rising debt levels for decades, but their nightmare scenario of runaway inflation hasn't come to pass. How do we know if this time is different? 

Its been one year since Covid struck (I ended up in a hospital for 2 weeks with Covid) and office markets since haven’t recovered. Washington D.C., the government is still leasing. Amid surgi…

The prices of gold, oil, silver and other commodities have risen more than tenfold and, barring a drastic change in the monetary system, prospects are for more of the same in the future.

Guggenheim Investments Chairman Scott Minerd says it’s "highly likely" that another firm implodes in a manner similar to Bill Hwang’s Archegos Capital Management on "Bloomberg Markets: The Close."

The International Monetary Fund has long favored adoption of a global minimum tax on corporate profits, the Fund's chief economist, Gita Gopinath, told reporters on Tuesday. Gopinath said current disparities in national corporate tax rates had triggered "a large amount" of tax shifting and tax avoidance, reducing the tax base on which governments...

Gold prices rose on Tuesday, and hit a 2-week high after pausing yesterday, as the US dollar fell against a basket of its peers.

China’s central bank asked the nation’s major lenders to curtail loan growth for the rest of this year after a surge in the first two months stoked bubble risks, according to people familiar with the matter.At a meeting with the People’s Bank of China on March 22, banks were told to keep new advances in 2021 at roughly the same level as last year...

The dollar slid against most of its major peers Monday and the 5-year Treasury note’s yield pulled back from a one-year high amid skepticism that U.S. economic data are strong enough to prompt a shift by the Federal Reserve...

Prices are going up. The Federal Reserve is printing money at an unprecedented rate. The US government continues to borrow and spend at a torrid pace. As Peter Schiff put it in a recent podcast, we're adrift in a sea of inflation. Gold is supposed to be an inflation hedge. So, why isn't the price of gold climbing right now?
In a nutshell, rising bond yields have created significant headwinds for gold. And the mainstream is reading rising yields and their relationship to gold all wrong.