Precious metals are apparently waking up. And here is where you can find the best deals.
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Goldman Sachs sounded the alarm about a possible correction in the stock market, noting investors are underestimating the coronavirus risk.
China's Hubei province has asked firms not to resume work before March 11 due to the outbreak.
New cases continue to climb in the rest of Asia -- Japan, Korea and Singapore are being hit hardest. Now the virus is on every continent save Antarctica.
We should not forget about other geopolitical and economic developments. What do they imply for the gold market?
With demand for physical precious metals bars and coins picking up considerably recently, this may not be a short-term phenomenon.
If gold succeeds in breaking above the top of this channel, which currently comes into play as resistance, it will send a positive bullish message to the metal.
How Disruptive Coronavirus Could Be to the Global Economy: Stephen RoachFeb 19, 2020 - 12:59:11 PST
Stephen Roach, former Morgan Stanley Asia chairman, on just how disruptive the coronavirus could be to China and the global economy.
The US Gross National Debt spiked by $1.3 trillion over the past 12 months, to $23.3 trillion. These days, trillions fly by so fast it’s hard to see them.
When Indians engage in fear trade (ETF) buying rather than love trade (jewellery) buying, it’s a major red-light signal for the world’s risk-on markets...
Fed Officials Feel Rates Are Likely to Stay Where They Are, Minutes ShowFeb 19, 2020 - 11:02:21 PST
The Fed on Wednesday released minutes from its Jan. 28-29 policy meeting, during which it voted to keep interest rates steady.
"It could be a short-term shock but one that ends up having a somewhat longer-term impact," Cornell University professor Eswar Prasad told CNBC.
Stocks rose on Wednesday as investors continue to weigh the coronavirus' impact on the global economy.
International Monetary Fund head Kristalina Georgieva said the COVID-19 outbreak is the “most pressing uncertainty” for the global economy.
The typically strong correlation between USDJPY and gold prices has decoupled drastically.
Most price forecasts aren’t worth more than an umbrella in a hurricane. There are so many factors, so many ever-changing variables, that even the most educated guess usually misses the mark.Further, some forecasters base their predictions on one issue. “Interest rates will rise so gold will fall.” That’s not even an accurate statement, let alone a sensible prediction (it’s the real rate that affects gold prices—the rate minus inflation).
Gold futures rise, putting the precious metal on track to register a fifth straight gain, as investors continue to buy the safe haven asset even though securities seen as risky also gained altitude on the back of a slowdown in the spread of China’s coronavirus.
Another day, another new yearly high for the greenback, which is now navigating the 99.60/65 band when measured by the US Dollar Index (DXY).
We now expect a waterfall of negative earnings preannouncements from most companies that have even a modest exposure to Chinese output.
...Are rekindling fears among investors of a potential uptick in so-called fallen angels after a run of relative tranquility in the U.S. corporate bond market.
The mortgage market helped fuel U.S. Treasury yields as they rocketed toward historic lows in 2019. Don’t expect a repeat in 2020 because that propellant appears to be tapped out.…