Precious metals news

Gold (XAUD/USD) closed at $1930.40/oz last week, capping the precious metal's highest close in three weeks. On Tuesday, the yellow metal is holding the lower ground around the $1915 but strategists at OCBC Bank believe is likely to continue rallying if the dollar continues to soften.

While most people generally understand that the stock market and the economy do not move in lockstep, there is still an underlying belief that a strong market reflects a strong economy. But according to that logic, our current economy must be historically strong. If this strikes you as strange, given that we are in the midst of a destabilizing and polarizing pandemic, and a period of political risk that threatens the foundations of the Republic, that’s just because you don’t understand how the fundamental relationship between the stock market and the economy has changed. Believe it or not, strength on Wall Street is now driven by weakness in the broader economy.

Central banks put their printing presses into overdrive this year as governments opened the fiscal floodgates to cushion the economic blow from the coronavirus.

The official unemployment rate is artificially depressed by excluding people who might be earning only a few dollars a week. It also excludes anybody who has stopped looking for work or is discouraged by a lack of jobs or by the demands of child care during the coronavirus crisis.

Goods prices are accelerating as Services price growth is slowing rapidly...

The global economy is now projected to contract by 4.4% this year — an upward revision from an estimate of -4.9% made in June.

As this chart from Deutsche Bank shows, the yield on the Italian 10-year is lower than it was even before Italy became a country. Deutsche Bank strategist...

Government bond yields in the euro area held near recent lows on Tuesday, with even hefty supply failing to put much of a dent in a market bolstered by expectations for further European Central Bank easing in the months ahead.

As pundits and politicians continue to speculate about economic recovery, hundreds of companies large and small are struggling under loads of debt, filing for bankruptcy and closing their doors.
In September, 54 more large companies filed for bankruptcy, according to S&P Global intelligence. A total of 509 companies have gone bankrupt this year as of Oct. 4, exceeding the number of filings during any comparable period since 2010.  That was piled on top of the 54 companies that filed for bankruptcy protection in August.

The international community must do more to tackle the economic fallout of the COVID-19 crisis, the head of the International Monetary Fund said on Monday, publicly calling on the World Bank to accelerate its lending to hard-hit African countries.

Things were looking pretty bleak back in March for bond exchange-traded funds. The Covid-19 selloff created a liquidity crunch that drove their prices to trade at deep discounts to the value of the underlying assets. Skeptics questioned whether these products could ever be trusted again.

Many of the world's largest economies will institute national digital currency banking standards with the International Monetary Fund and World Bank.

U.S. stock futures were mixed as investors digested the first batch of corporate earnings and looked for updates on a stimulus package.

The coronavirus has infected more than 37.72 million people globally as of Monday, killing at least 1.07 million people so far.

Since the IMF makes a career out of lending money to countries that can't repay it, why not just give the money away in the first place and keep the […]

This is an important update for Silver & Gold Members about the recent action of the precious metals.  Also, I will provide members with a brief explanation of how to access the material on the SRSrocco Report.  Some members may not realize there is a great deal of archived information...

Gold futures climbed Monday to hold ground at their highest in roughly three weeks. Prices for the haven metal found support as uncertainty surrounding the...

Experts believe the coin is one of only about 300 that still exist out of 1,758 struck in one day at the first US Mint in Philadelphia.

“Gold has enjoyed a meteoric rise this year, hitting a record in early August on the back of a weak dollar and continued [Federal Reserve] support,” says Matt Orton, vice president at Carillon Tower Advisers. The Fed actions drove real rates lower, “making cash and Treasuries much less attractive,...

As negotiations over the next COVID-19 stimulus package flounder, Federal Reserve officials are pushing for greater fiscal support from Congress. Particularly noteworthy is Fed Chairman Jerome Powell’s call for more spending. “Too little support would lead to a weak recovery, creating unnecessary hardship...