Precious metals news

The big question remains - what happens when the $600 CARES Act "bonuses" stop flowing?

Over the last few weeks, a number of mainstream banks and financial institutions have issued bullish outlooks for gold, forecasting record prices. Citibank projects $2,000 gold by early next year. Goldman Sachs now sees record gold prices within the next 12 months. And Bank of America released a note saying gold could break its US dollar record by the end of the year. Meanwhile, SGMC Capital Founder & CEO Massimiliano Bondurri told Bloomberg he thinks gold may hit close to $2,000 by the end of this year and could rally further due to dollar weakness.
Now, a hedge fund manager who has returned 47% so far this year says he sees gold rising to $3,000 and possibly as high as $5,000 in the next three to five years because of inflation central banks are powerless to control.

If silver can continue higher on Thursday and Friday, I believe there is an excellent chance it will reach $21 the following week.

Even investors who are deeply sceptical about the prospects of runaway consumer prices acknowledge the benefits of seeking out protection against such risks.

Peter Schiff appeared on the Joe Rogan Experience this week. The wide-ranging, three-hour interview covered a number of topics, including a critique of socialism, the 2020 presidential election, the recent social unrest and how to fix troubled communities, how the minimum wage hurts workers, and the economic impacts of the coronavirus.

The slump in the dollar is threatening to bring to an imminent end its near-decade-long uptrend against major peers.Deutsche Bank’s Trade-Weighted Dollar Index -- a gauge of the currency against the U.S.’s most-important trading partners -- has fallen to test the trend line in place since...

The report, released Tuesday, defines "affordable" as spending no more than 30% of monthly income on rent.

Nearly four months after banks and federal agencies started offering a number of assistance programs aimed at giving Americans a break on their mortgages...

Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the International Monetary Fund's top official said.

China's GDP grew 3.2% in the second quarter of 2020 compared to a year ago, beating analysts' expectations and rebounding from the first quarter's contraction.

A weaker yuan has previously been a key source of contention between U.S. and the China, with U.S. President Donald Trump accusing Beijing of intentionally letting its currency slide lower.

The European Central Bank hit pause on its monetary policy barrage on Thursday, opting to maintain its emergency coronavirus bond buying program at its current levels and leaving interest rates unchanged.

"Strong capital markets results provided an important counterbalance to the COVID-19-related impacts on our Consumer business," Chief Executive Officer Brian Moynihan said, calling the quarter "the most tumultuous period since the Great Depression". Bank of America profit more than halves on pandemic woes.

The coronavirus has infected more than 13.57 million people around the world as of Thursday, killing at least 584,700 people.

The problems with the currency will happen by the end of this year, and the problems of the COMEX will happen considerably before that...

Silver stays above the key $19.00 level and tries to develop additional upside momentum.

The Silver Institute is releasing a series of Market Trend Reports this year, focusing on key sectors of silver demand to bring awareness to silver’s varied and growing demand portfolio, and this report is part of that series.

Gold futures posted a modest gain on Wednesday, with dollar-denominated prices for the metal supported by weakness in the U.S. dollar. Strength in global...

The main reason: Governments have taken control of the money supply.

Prime Minister Benjamin Netanyahu announced on Wednesday a plan for government grants for all Israelis amid growing public anger over his handling of a coronavirus crisis that has taken a sharp turn for the worse.