Precious metals news

Gold was quietly steady overnight along with other financial markets trading either side of unchanged in a narrow range of $1499.60 - $1503.60, and awaiting the FOMC rate decision...

In the past five months, Mexico’s second-largest silver mine was shut down, reopened and the recently shut down once again. Due to a new blockade at Newmont-Goldcorp’s Penasquito Mine, stemming from issues with a local trucking contractor, the company has temporarily ceased operations.

"It is certainly possible that we’ll need to resume the organic growth of the balance sheet sooner than we thought."

The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.

Federal Reserve Chairman Jerome Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease liquidity markets.

The Fed just cut interest rates, but it's Powell's press conference where things could get interesting. Watch it here at 2:30 p.m. EST...

Just two days after the DOJ took the unprecedented step of designating the JPMorgan precious metals trading desk as a "criminal enterprise" using unusually aggressive language which reminded legal experts of indictments utilizing the RICO Act...

Investors largely expected the FOMC to cut rates by a quarter point.

Federal Reserve Chairman Jerome Powell announces the Fed's interest rate decision at the end of the Federal Open Market Committee's two-day meeting. The Fed is widely expected to lower its benchmark overnight lending rate by a quarter point.

DoubleLine CEO Jeffrey Gundlach said the Federal Reserve might need to embark on quantitative easing to increase the money supply.

How will this geopolitical shock affect the gold market in the days ahead?

— 'This just doesn't look good'

From the Fed's FOMC to the bombshells about the DOJ's gold & silver manipulation case, we've got today's important news covered right here at noon...

Frank Holmes: Gold may be off its 52-week highs, but the precious metal is still up more than 15 percent for the year through September 17. This appears to put gold on a path for its best year since 2010, when it gained just under 30 percent.

Turkey will issue gold-backed bond and sukuk for corporate investors, especially for retirement and investment funds, with a settlement date of Sept. 20, the treasury said on Tuesday.

Deutsche Bank AG faces another potential clash with regulators as the European Central Bank weighs whether to open a formal investigation into unapproved purchases of its own subordinated bonds.The ECB is looking at Deutsche Bank’s buying of the notes over several years up until 2017,

Count down to the next Federal Open Market Committee (FOMC) rate hike with the CME FedWatch Tool, based on the Fed Funds target rate. View the tool.

Peter Schiff has been saying that the Federal Reserve is going to take interest rates back to zero and launch another round of quantitative easing in order to reinflate the bubble economy after the next crash. The central bank successfully pulled this off after the 2008 crisis. By dropping rates to zero and holding them there for nearly a decade, and running three rounds of QE, the Fed has reinflated the real estate bubble, blown up a bond bubble and pumped up the stock market. But Peter said it's not going to work the next time around. Instead, Fed monetary policy will tank the dollar and lead to an inflationary recession.
So, why can't the Fed pull off another rescue? Peter explained why he thinks it's not possible during an interview on the Tom Woods Show.

The next economic downturn won't have to be as bad as the Great Recession for credit card delinquencies to become a significant problem. Here's what you can do to protect yourself now, while times are relatively good.

Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.