Precious metals news

Warren Buffett's preferred market gauge hit a new high on Wednesday, suggesting US stocks are overvalued and a crash may be coming. The 'Buffett...

Fitch Solutions forecast Russia's gold output to grow from 11.3 million ounces this year to 15.5 million ounces in 2029, representing an average annual growth rate of 3.7%.

The side effects of the European Central Bank's negative interest rate policy will grow over time but fixing the underlying issues that keep rates depressed goes beyond the bank's remit, ECB board member Isabel Schnabel said.

Former Bank of Japan (BOJ) policymaker Takahide Kiuchi said that Japan is likely to slip back into deflation over the coming three years due to the coronavirus pandemic and its impact on the domestic consumption and labor market.

The fight between President Donald Trump and top Democrats over extending the $600 in weekly unemployment benefits has cost Americans $70 billion in monthly personal income in August.

The U.S. national debt is breaking records and neither Donald Trump or Joe Biden are talking much about it. In fact, according to a leading budget watchdog, both are making promises that are set make the problem worse in the years ahead.

Investors are watching Fed chairman Jerome Powell's speech as part of the U.S. central bank's annual Jackson Hole symposium. Officials in the past have used the meeting, being held online this year, to make market-moving announcements.

Last month, gold broke its all-time record price. As we have explained, to really understand what's going on, you need to flip the equation. Dollars are at an all-time record low compared to gold. Simply put, the recent surge in gold prices is all about currency debasement.
We were on this path long before coronavirus reared its ugly head. After all, this gold bull market started back in 2015. But the government response to the pandemic put the process in hyperdrive. In March, the Federal Reserve embarked on a policy of money printing to infinity and beyond. And there is no end in sight. The Fed is apparently even willing to turn the other way the inevitable result of printing money - price inflation - begins to become apparent in the economy.

The only other outcome from all of this is you’ll see the dollar weakening,” Caron said.

Throughout the coronavirus pandemic, state and local governments have barred utility companies from shutting off services such as gas, electric and water. But the majority of these orders are expiring over the course of the next month, leaving 34.5 million households without shutoff protections.

Two Federal Reserve economists have recently examined the evidence and concluded the gap is getting even wider.

The World Economic Forum announced it decided to postpone its meeting in Davos, Switzerland, out of an abundance of caution regarding Covid-19.

The coronavirus has infected more than 24 million people around the world so far, killing at least 824,664 people.

The BIS' use of gold swaps and derivatives has been extensive...

"...the near-term technical picture continues to point to lower prices..."

At some point, Americans are going to have to wake up.  With the Fed funds rate set at 0.25, Americans can no longer earn any interest with their money in the bank.  I just checked the average interest rates paid on a five-year CD is a whopping 0.36% while a...

Gold and silver futures tallied their highest finish in a week on Wednesday, as traders looked to Federal Reserve Chairman Jerome Powell’s coming speech at the Jackson Hole, Wyo., economic summit for the precious metals’ next big catalyst.

"If senators still fail to resolve stalled negotiations..." 

Chairman Jerome Powell is expected to discuss how the Fed hopes to remedy the years-long dilemma of low inflation with a new pandemic-era tool.

Unemployed workers can't afford basic living expenses on jobless benefits alone in most U.S. cities. In some metro areas, the shortfall extends to thousands of dollars a month.