Precious metals news

It's been a crazy, volatile week for precious metals. The Reddit Raiders pushed silver to over $29 an ounce and the white metal took gold up with it. But the run was short-lived and we saw a big sell-off in both metals later in the week. In this episode of the Friday Gold Wrap, host Mike Maharrey tries to cut through all the smoke and mirrors and talks about the underlying fundamentals in both the gold and silver markets.

The dollar's weakening trend is still in play, with the currency predicted to stay range-bound or fall in the next three months, according to a majority of strategists in a Reuters poll, suggesting the currency's recent strength was just a blip.

US dollar boosted by yield curve steepening The rise in the US 30-year yields overnight gave the dollar short-squeeze renewed momentum. The dollar index rose by 0.40% to 91.50, lifting it well clear of support at 91.00. The euro and yen were notable index component casualties. EUR/USD has fallen 0.60% to 1.1955, its 100-day moving …

Metals also may be scoring a lift from the Senate’s approval of a budget plan for President Biden’s $1.9 trillion relief package early Friday.

Like today, policy makers of the 1960s had bigger worries than prices. Then a spike crushed the economy.... Now, after a decade of modest inflation that has made many expect it will always stay low, a rise in inflation may come as a surprise.

Federal Reserve Bank of Kansas City President Esther George said the US central bank was still “far away” from achieving its goals and it was premature to start a debate on scaling back its massive bond-buying program.

The final number of +49,000 came in well below the 105K consensus estimate, if up solidly from December's downward revised -227K.

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/28165821-ff95-4adc-893a-df1d06351426 “This is due to a rise in inflation expectations and the market’s belief that a fairy large fiscal stimulus is on the way,” said Leslie Falconio, senior fixed-income strategist at UBS Global Wealth Management.

European stocks were modestly higher Friday as investors look to vaccine rollouts for hopes of normalization, while global markets flirt with record highs.

President Joe Biden's drive to enact a $1.9 trillion coronavirus aid bill gained momentum on Friday as the U.S. Senate narrowly approved a budget blueprint allowing Democrats to push the legislation through Congress in coming weeks with or without Republican support.

As far as we know, they might soon become so ubiquitous that the industry forgets to scrap the practice once COVID numbers decline.

A recent study commissioned by the International Chamber of Commerce concluded an unequal allocation of injections could deprive the world economy of as much as $9.2 trillion.

A new report by the Economist Intelligence Unit shows that depending on where you live, the road to national inoculation protection against COVID-19 might still be a long one. As Statista's Katharina Buchholz notes, the report shows that in many locations it will take years before a majority of the adult population has received the vaccine.

We live in crazy times. Volatility is the name of the game nowadays. Prices of stocks and commodities get pushed around on a daily basis. But no asset trades as insanely as the cryptos. We have covered Bitcoin's price action in previous articles. Let's now take a look at what's up with Ethereum...

As a key component in solar panels, silver could benefit from more green energy spending down the line, Goldman's commodities chief Jeff Currie told CNBC.

* Selling everything that can be currently made in silver- Mint

Gold and silver futures fell sharply on Thursday, pressured by strength in the dollar as well as a decline in weekly U.S. jobless claims. April gold...

But you can’t wait until serious inflation arrives. By then it’ll be too late. Make sure you have your gold and other hard assets beforehand. There’s no time like the present.

[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] This chapter explains the connection between the quantity of money and the height of prices quoted in that money.

he new administration ran on a platform of higher taxes, and are “Going Big” when it comes to deficit spending. I have never felt stronger about my recommendation to diversify, and own gold and precious metals. It looks to me like “someday” is getting much closer.”