Precious metals are apparently waking up. And here is where you can find the best deals.
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The dollar's losses deepened on Thursday, setting it on course for its biggest three-day drop since the coronavirus-fuelled market selloff in March as traders braced for the outcome of a U.S. central bank policy meeting that might hint at more stimulus.
While the US presidential election remains largely undecided, that didn’t stop the volatility in the gold and silver markets...
Gold futures rally on Thursday, with prices on track to settle at their highest in nearly seven weeks, as the U.S. dollar slumped and investors watched...
Silver has had a rocky 2020 but is set to break US$30/oz in 2021 before speeding to US$50/oz and then into three figures further down the road, analyst Florian Grummes said at the European precious metals summit on Monday.
Barrick Gold reported an almost threefold rise in adjusted third-quarter profits on the back of surging prices that its chief executive believes have not yet peaked. Mark Bristow told the Financial Times on Thursday that gold — which hit a record of more than $2,000 an ounce this year —…
Is the 'silver lining' for silver finally here? Today's update focuses exclusively on silver, and the potential scenarios that may unfold as we move forward in this increasingly turbulent time.
Russia's second-largest bank is betting on gold to boost profits in the midst of the COVID-19 pandemic and global economic slowdown.According to a Bloomberg report, VTB Bank has prioritized gold trading in addition to lending to gold mining companies.
There remains around 22 million people on government jobless benefits...
VTB Bank PJSC, Russia’s second-biggest lender, is betting on gold and other precious metals to boost profits this year as investors flock to havens amid the global pandemic.
Gold jumped to a two-week high on Thursday as the dollar slipped, with investors betting on the likelihood of bigger economic support measures as Democrat Joe Biden inched closer to the Oval Office in the U.S. election.
It looks like Joe Biden will ultimately win the presidential election, although it will likely be weeks before all of the official votes are in and the legal wrangling could go on even longer. One thing that is clear is that the polls were horribly wrong. They were projecting a Biden landslide. If Trump did lose, it was barely.In his podcast, Peter Schiff offered some post-election analysis and said investors are as clueless as the pollsters.
U.S. Needs a ‘Really, Really Big’ Relief Package to Keep Its Economy Afloat, Says Paul KrugmanNov 5, 2020 - 05:22:20 PST
The U.S. may need several hundred billion dollars a month in "disaster relief," Nobel prize-winning economist Paul Krugman said.
Fed Chairman Jerome Powell is likely to reiterate the need for fiscal stimulus to help the economy recover.
The Bank of Japan (BOJ) ramped up its Japanese Government Bond (JGB) purchases in 1-3 years maturities by JPY500 billion vs. JPY420 billion previous, in its routine daily operation.
...A visible upset Lagarde pointed out the ECB will never be out of tools because of its unique ‘innovation’; it can create new tools and recalibrate existing tools.
Credit risk in the euro zone's banking sector is very high and deterioration in asset quality could become much worse in the second wave of the COVID-19 pandemic...
Europe’s economy, freshly battered by coronavirus restrictions, is facing a sluggish recovery next year that leaves it open to rising company failures and long-term unemployment.
Bank of England Boosts Bond Buying of $1.2 Trillion as New Coronavirus Lockdown BeginsNov 5, 2020 - 04:57:38 PST
Along with maintaining its main lending rate at 0.1%, the Bank of England's (BOE) Monetary Policy Committee (MPC) also voted to expand its target stock of asset purchases to £895 billion ($1.2 trillion).
British lawmakers on Wednesday voted in favor of the government's a month-long lockdown for England by 516 votes to 38, a majority of 478.
Indonesia fell into recession for the first time in over two decades in the third quarter as the COVID-19 pandemic battered consumption and business activity in Southeast Asia's largest economy, official data showed on Thursday.