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The central bank gold-buying spree shows no sign of letting up as countries seek to diversify their reserves away from the US dollar.Globally, central banks added another net 47.5 tons of gold to their reserves in September, according to the latest data from the World Gold Council.There were no significant gold sales by central banks in September.
Europe’s finance industry has seen its global sway erode dramatically and the main weapon being used to boost the continent’s economies is making things worse, a top Deutsche Bank AG executive
Due to the “sensitivities” about the story, the IMF decided to revise the data to “unchanged” and Bloomberg "corrected" the story...
A troubling sign for a central bank battling to prevent growth-sapping disinflation from taking hold.
The US Federal Reserve is right to be concerned, if not worried, about the greenback's dominance of international trade and finance. Fortunately for consumers, growing potential competitive pressure – call it the Libra effect – creates an incentive to make the existing system work better.
The IMF is estimating that a fall in auto output accounted for more than 25% of the slowdown in the global economy between 2017 and 2018...
Rates fell last week, but mortgage demand was unimpressed. Total mortgage application volume was essentially unchanged, down 0.1% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
Christine Lagarde said back in August that the European Central Bank still had room to cut rates if needed. However, she added that this could pose a challenge to financial stability in Europe.
“We are not very bearish on gold prices as there are concerns over global economic growth. Economic data from the U.S., China & the European Union is not very strong ... this short-term pullback is just a technical retracement,”
Euro zone business activity grew more than initially thought last month but remained close to stagnation...
The dollar held its ground against other major currencies on Wednesday, supported by rising hopes for a U.S.-China trade deal and an improving outlook for the U.S. economy.
China’s digital currency will create a “horse race” when it is launched as commercial banks and other institutions compete to provide the best services using the new form of money, a central bank official said on Wednesday.
Tough talk from Anthony Scaramucci on how stock markets would react to Elizabeth Warren becoming president.
First, it is illegal according to Chinese government laws to take gold bullion out of mainland China. Second, China has...
Investors may assume they have adequate exposure because they’re invested in funds that track commodity indexes. The problem with this assumption is that...
A HOARD of 6000 gold Anglo-Saxon artefacts worth over £3 million and now hailed as “one of the greatest finds” was unearthed using a £2 metal detector. The items from 650AD – known as the Staffords…
Then Charles Hugh Smith shows you why MMT could mean the collapse of money itself…
Paul Tudor Jones, also warned that during the next downturn the country will face a dangerous expansion of the deficit.
Peter Borish is a founding partner of Tudor Investment Corporation, and during a recent podcast interview, expressed concerns about deflation.
As a possible trade deal gets closer, interest rates are moving into a new phase — and that is higher.