Precious metals are apparently waking up. And here is where you can find the best deals.
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Gold-backed ETFs closed out the first half of 2020 with their seventh consecutive month of inflows and significantly above the highest level of annual inflows, both in tonnage and US dollar terms.Globally, gold-backed funds added 104 tons of gold to their holdings in June. Global holdings now stand at an all-time high of 3,621 tons, according to the latest data from the World Gold Council.
Jul 9, 2020 - 06:05:06 PDT
Billionaire venture capitalist Chamath Palihapitiya criticized US authorities for helping companies more than consumers in a Yahoo Finance inter...
The World’s Biggest Currency Banks See the Dollar Edging Lower Toward Year EndJul 9, 2020 - 06:00:49 PDT
The world’s biggest currency banks see the dollar edging lower toward year-end, a consensus that may only hold if rising coronavirus infections don’t hamper the global growth rebound.
A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency.
The novel coronavirus — which has infected almost 3 million people and killed more than 130,000 in the U.S. alone — has roiled the economy...
The unprecedented implosion of U.S. commercial real estate during the coronavirus pandemic is likely to get worse as newly delinquent CMBS loans are surging as the list of retail store closures continues to rise.
Jul 9, 2020 - 05:45:45 PDT
From mechanical issues to hurricane risks to regulatory hurdles that can constitute criminal offenses, it’s a quagmire that the industry has never faced on this scale before.
A wave of layoffs seems to be coming in the airline industry as new domestic quarantine rules slow the travel rebound.
Almost 50 Million Americans Have Now Filed For First Time Jobless Benefits Since Lockdowns BeganJul 9, 2020 - 05:36:36 PDT
The big question remains - what happens when the $600 CARES Act bonuses stop flowing?
Gold has pierced another significant level, pushing above $1,800 an ounce on Wednesday. That's the highest spot price for gold since 2011.Breaking through $1,800 was a significant move for the yellow metal, but during his podcast earlier this week - before gold breached that level - Peter Schiff said he thinks gold has a long way to run up, and he explained why the dynamics are different now than the last time gold was above $1,800.
Jul 9, 2020 - 05:29:49 PDT
The federal budget deficit was $2.7 trillion in the first nine months of fiscal year 2020, CBO estimates, $2.0 trillion more than the deficit recorded during the same period last year.
The European Central Bank is prepared to get more innovative with its monetary tools if necessary, ECB Governing Council member Francois Villeroy de Galhau said on Thursday.
The Bank of Japan cut its economic view for all of the country's nine regions for the second straight quarter, the first such downgrade since Lehman Brothers collapsed in 2008, backing signs the economy could fall deeper into recession.
China has increased its effort to reduce its domestic debt to curb financial risks, but its total debt is reported to have hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020.
China’s top diplomat blasted U.S. policy toward Beijing while also proposing a blueprint for getting spiraling relations between the world’s biggest economies back on track.
U.S. regulators have long sought more transparency from Chinese companies with shares trading on U.S. exchanges.
The Chinese Yuan Is Still Far From Becoming a ‘Safe Haven’ Alternative to the U.S. Dollar, Citi SaysJul 9, 2020 - 05:02:49 PDT
Don't expect the Chinese yuan to become a "safe-haven" alternative to the dollar or U.S. Treasurys anytime soon, says Ebrahim Rahbari of Citi.
In Race to Bring Vaccine to Market, Big Pharma Struggles to Protect Its Intellectual Property RightsJul 9, 2020 - 04:59:43 PDT
The World Health Organization this week said 21 candidate vaccines are in clinical trials at the moment, meaning they are being tested on human volunteers.
The coronavirus has infected more than 12.06 million people around the world as of Thursday, killing at least 549,900 people.
Only physical gold and silver markets will survive in the future?