Precious metals are apparently waking up. And here is where you can find the best deals.
Site:
Precious metals news
A stronger U.S. dollar dragged down the euro and the pound to their lowest level...
China's central bank pumped 900 billion yuan (about 129 billion U.S. dollars) into the financial system via reverse repos on Monday.
Gold on Track for a Fourth Straight Gain, Buoyed by Coronavirus OutbreakFeb 10, 2020 - 07:04:09 PST
Gold futures on Monday head modestly higher as investors fret about the economic impact on China of the outbreak of the Wuhan virus.
...this year, 63 cities do not have enough money to pay their bills and total municipal debt now stands at $323 billion...
China's consumer price index rose at the highest rate in more than eight years.
World Health Organization Holds Press Conference on Coronavirus OutbreakFeb 10, 2020 - 06:57:00 PST
"In short, we may only be seeing the tip of the iceberg," Tedros Adhanom Ghebreyesus, director-general of the World Health Organization, said in a tweet Sunday
Macy's department store has announced plans to close 125 stores and cut around 2,000 corporate employees. Along with the store closures, the company will shutter its Cincinnati headquarters and tech offices in San Francisco.Even with the cuts, sales projections for the next three years "look abysmal." According to CNBC, same-store sales, on an owned plus licensed basis, are forecast to be down 1% to flat.
Consumer credit rose to 19.3% of GDP, the highest ever.
Fed Squeezes Liquidity Into System as It Tries to Regain Control of RatesFeb 10, 2020 - 05:21:53 PST
The Federal Reserve scrambled to regain control of interest rates as repo markets faced a liquidity crunch.
As Chinese-based manufacturers begin to restart factories Monday, no one knows for sure when they’ll be back at full-speed -- or what sort of chaos may ensue.Tech producers led by Foxconn, which makes the majority of the world’s iPhones from Zhengzhou a few hundred miles from the coronavirus...
Federal Reserve Chairman Jerome Powell has confessed that it’s “very hard” to understand China’s economy. The outbreak of the coronavirus has made that exponentially more difficult.Yet it...
Puerto Rico would shed about $24 billion of debt and move closer to exiting bank...
Quarantines and other measures put in place to stop the spread of the deadly coronavirus in China could continue to disrupt electronics manufacturing even after factories return to production, manufacturing experts said.
Ponzi schemes are the most popular form of fraud in bitcoin, ethereum and other cryptocurrencies, reaching into the mainstream for victims and getting away with bigger hauls.
A “moderately” expanding U.S. economy was slowed last year by a manufacturing slump and weak global growth, but key risks have receded and the likelihood of recession has declined, the U.S. Federal Reserve said in its latest monetary policy report to the U.S. Congress.
JPMorgan Chase is under a criminal probe by the U.S. Department of Justice (DOJ) over charges of rigging gold, silver and other precious metals markets.
HSBC Holdings Plc is providing more than HK$30 billion ($3.9 billion) in liquidity relief to its business customers in Hong Kong, joining other lenders that are easing borrowing terms to help companies battered by the coronavirus outbreak.Measures include a principal repayment moratorium...
Just as it looked like Beijing was starting to get a handle on its regional banking crisis, a much more severe threat is engulfing the world’s largest banking system as a deadly new virus hits the country’s economy.
Given the prolonged move up in terms of price and time and the strong momentum into the close on Friday, the direction of the March U.S. Dollar Index on Monday is likely to be determined by trader reaction to Friday’s close at 98.571.
The Federal Reserve’s framework review of its monetary strategy and tools is approaching decision time, with announcements likely before mid-year. Early guidance from Fed vice-chairman Richard Clarida suggested that the review would probably result in evolutionary not revolutionary changes.