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The Senate Finance Committee is set to hold a hearing on Janet Yellen’s nomination to be Treasury secretary on Jan. 19, the day before President-elect Joe Biden is inaugurated, according to a Senate aide.
Goldman Sachs Chief Economist Jan Hatzius said that U.S. stocks and bond markets could possibly "take more of a breather" in the near term.
December inflation data for the U.S. is due to be released at 8:30 a.m. ET. Economists expect an increase of 0.4% month over month, and 1.3% year over year, according to Dow Jones, Core CPI, less food and energy, is expected to be up 0.1% or 1.6% year over year, versus 0.2% and 1.6% in November.
The ECB is sticking to its growth projections despite new coronavirus restrictions that could extend the economic crisis in the euro area.
After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb. That lit a fire under borrowers hoping to refinance.
    Covid Live Updates: CNBC
Jan 13, 2021 - 04:50:31 PST
The U.S. is recording at least 247,600 new Covid-19 cases and at least 3,340 virus-related deaths each day, based on a seven-day average of JHU data.
We are now getting a whiff of the global high-tech supply chain's coming disruptions as automobile manufacturers reduce or shutdown plants due to semiconductor shortages.  While this is only a temporary issue, it will become more a permanent feature as the world heads over the Energy Cliff...
    Silver and Platinum Will Outperform Gold in 2021: UBS
Jan 12, 2021 - 12:53:12 PST
UBS Global Wealth Management strategists said silver and platinum will outperform gold in 2021 as the economy recovers and industrial demand picks up.
    The Globe’s Looming Fiscal Crisis
Jan 12, 2021 - 12:45:01 PST
I have repeatedly warned that nations get in fiscal trouble when government is too big and growing too fast. In such countries, it’s very common to find high levels of government debt as one …
CNBC's Steve Liesman reports on sentiment of Fed members and the outlook for monetary policy and interest rates.
    Wall Street Is Most Bullish on Commodities in a Decade
Jan 12, 2021 - 12:30:18 PST
Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally. A weakening dollar is making materials denominated in the currency more appealing at a time when equities are on a tear and the world is on a path to recover from the coronavirus pandemic.
Louis-Vincent Gave, CEO and co-founder of Gavekal Research, sees a dramatic paradigm shift playing out in the world economy. In this in-depth conversation, he explains how investors should position themselves for the future.
It has never been more expensive to get a container of goods across the ocean. But it’s not just containers. Liquified natural gas (LNG) shipping is also rewriting the record books.
U.S. job openings fell moderately in November, but mounting layoffs amid rampant COVID-19 infections supported views that the labor market recovery from the pandemic was stalling.
    A Strong Recovery Could Be Bad for Asset Prices: FT
Jan 12, 2021 - 11:08:48 PST
Global liquidity will continue to pour into the world economy. But how will that impact asset prices and the recovery?
    Criticism of the Fed Is Going Mainstream
Jan 12, 2021 - 11:05:45 PST
Big names in the world of finance are beginning to call out the Fed and other central banks for their role in ramping up economic inequality and manipulating financial markets — a departure from the praise they received for most of last year.
Inflation could approach the Fed's 2% target more quickly than some might expect, said Kansas City Fed President Esther George on Tuesday.
Brazil’s central bank said inflation pressures could persist in the beginning of the year, eventually leading to an interest rate hike, after a report showed consumer prices surged in December by the most since 2003.
Benchmark 10-year Treasury yields have risen more than 40 basis points since the November election as investors continue to dump bonds amid a cocktail of inflation concerns, potential Fed tapering and increased government borrowing.
Federal Reserve rate actions have had a coercive effect on the markets and forced investors to move into risk assets, according to Oaktree Capital Group co-founder Howard Marks.“ ‘This has required people to invest because they don’t want to sit around with their cash,” Marks said Tuesday in an interview on Bloomberg TV.