Precious metals are apparently waking up. And here is where you can find the best deals.
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In a volatile session, spot gold touched its highest since December 2012 at $1,702.56 before being knocked back to stand 0.5% lower at $1,665.68 per ounce by 0926 GMT. U.S. gold futures shed 0.4% to $1,666. "Traders had put $1,700 as their (price) target, so there was a lot profit-taking once...
ETF gold holdings set yet another record high in February, according to the latest data from the World Gold Council.Global gold-backed added another 84.5 tons of gold last month, boosting holdings to an all-time high of 3,033 tons.
This isn't really about coronavirus — that was simply a trigger for a correction I have long expected. The US is in the longest economic recovery cycle on record, with mounds of global debt, falling credit quality, and decades of low interest rates driving asset prices to unsustainable levels.
The U.S. and Europe face the “distinct possibility” of a technical recession in the first half as the coronavirus outbreak dampens demand and supply and drives investors to safe havens, according to Pimco’s Joachim Fels.“The worst for the economy is still to come over the next several...
Fallout from the spreading coronavirus may be starting to affect credit and funding markets, according to JPMorgan Chase & Co.Supply-chain disruptions and a demand shock caused by the virus could already be causing cash-flow problems for businesses...
If I had to summarize this past week in the $100 trillion global bond market, it’d be fairly straightforward: Traders are enormously fearful of what the coronavirus outbreak will mean for the world economy and adjusting their positions accordingly.
The US dollar remains broadly battered for the fourth consecutive day on what seems to be Black Monday, with a flash crash seen across the fx space an
Japan’s biggest contraction in more than five years and a sharp rise in the yen added to escalating concerns among policy makers about the ability of the world’s third-largest economy to fight off the impact of the coronavirus and a crash in oil prices.Oil Crash Sends...
Last week was a rollercoaster ride on Wall Street. In the midst of market madness, Peter Schiff appeared on RT Boom Bust to talk about a range of subjects from the Fed's move to cut rates, to coronavirus, to the impact of Super Tuesday and presidential politics on the markets, to government ineptitude.He started out the interview reiterating a point he's made over and over again over the last few months. This market is all about the Fed and it's always been all about the Fed.
The first crisis of European Central Bank President Christine Lagarde’s four-month tenure will force her to decide this week whether to fire one of the few monetary-policy bullets she has left.
Global central bankers enter a new week under fresh pressure to outline the next steps in their battle to address the impact of the coronavirus outbreak.Policy makers got a wake up call last week as the Federal Reserve’s emergency interest rate cut did little restore confidence...
The Federal Reserve is under intensifying pressure to tackle the risk of a worldwide credit crunch as falling commodity prices combine with the spreading virus to hammer financial markets.Less than a week since the U.S. central bank executed an emergency interest-rate cut...
The entire yield curve for U.S. bonds fell below 1% for the first time in history after an all-out price war between the world’s biggest oil exporters triggered an unprecedented global bond rally.U.S. Treasury yields plunged, with the rate on 30-year bonds diving as much as 59 basis points...
The words “bear market” and “recession” are being used with increasing frequency as investors try to assess how badly the coronavirus outbreak will damage global growth and to what extent it could further weigh on asset prices.
The coronavirus outbreak will eventually pass, though I have serious doubts contemporary finance will pass this test.
The corona-virus has the potential to foster a major liquidity crisis, call it a liquidity issue if you want but the system could be on its way to freezing up!
Spot gold rose 1.5 per cent to $1,699.20 per ounce by 0054 GMT, having touched its highest since December 2012 at $1,702.45 earlier in the session.
Spot gold rose 1.5 per cent to $1,699.20 per ounce by 0054 GMT, having touched its highest since December 2012 at $1,702.45 earlier in the session.
The yield on the benchmark U.S. 10-year Treasury briefly touched an all-time low of 0.487% in overnight trading.
Dow Futures Point to Opening Drop of 1,300 Points, Treasury Yields PlungeMar 9, 2020 - 03:43:55 PDT
Investors are bracing for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.