They will just print the money, which means you are defaulting on the currency itself. Once that psychology hits, there will be an unbelievable run to gold...
What matters is what US and Chinese investors believe, and they clearly believe that it’s time to go for the gold!
Gold continued to rally overnight, trading in a range of $1324.70 - $1340 and making its 6th straight higher high. The yellow metal tripped buys stops over$1327-29...
Gold climbs on Wednesday with the prospect of an interest-rate reduction by the Federal Reserve amid signs of economic weakness in the U.S. lifting prices to...
The draft agreement also noted that Moscow and Beijing intend "to actively promote the use of national currencies in bilateral trade and investment financing...
Market turmoil over U.S. tariffs on China and the threat of the same on Mexico in large part stems from a fear of the unknown: No one knows what a trade war would look like, but the 1973 Arab oil embargo holds some clues.
Why China’s latest trade war weapon may fizzle... “Get set for slower growth and perhaps stagflation ... the late 1970s all over again”...
By June 4, Summers was singing a different hymn. Summers has called for a half-point cut in the summer, and maybe even more cuts in the fall.
The German Bundesbank has warned that it could face heavy losses if a major country leaves the euro and defaults on debts to the European Central Bank system...
Amidst rising global economic instability, central banks painted into a corner, and global stocks looking weak, Craig has some good news for gold investors...
Greatest risk to quantitative strategies wouldn’t be an equity-bear market or a sharp increase in rates. It would be a collapse in liquidity.
Italy faces an "Excessive Deficit" ruling, the first in EU history. Italy's response is a parallel currency proposal.
The bear case for U.S. stocks is getting more compelling by the day...
A restart of QE, and central banks to become less hawkish – postponing the start of the tightening cycle, or even cutting rates are the reasons....
In December, Peter Schiff predicted that the Federal Reserve was about to hike rates for the last time and that the next step would be rate cuts. Yesterday, Jerome Powell made comments widely interpreted to signal the rising likelihood of a rate cut. The Fed chair dropped the word “patient” from his vocabulary, saying the central bank would respond as “as appropriate” to the perceived economic impacts of tariffs and other economic data.Peter appeared on Fox Business Countdown to the Closing Bell with Liz Claman to talk about what's next up for the Fed and how it will impact the economy.
The combination of rising gold and falling crude — rare in the extent of its divergence — has delivered to some nasty consequences for the broader market...
Australia's economy grew by 0.4 pc in the first quarter, taking year-on-year growth to 1.8pc, the weakest result since 2009
The danger is, however, the real estate sector is a highly leveraged industry. Real estate deflation the one the Fed fears most.
They bought a net 50.7 billion yuan ($7.3 billion) of the notes in May, a month that saw foreign holdings of Chinese bonds rise the most this year.
Oil and gold are marching in opposite directions. If history is any indication, that's not good news for the US economy.Oil prices fell sharply starting late last week and through the early part of this week. On Monday, West Texas Intermediate crude touched $53.25, the lowest level since February. Meanwhile, the price of gold surged, blasting through the $1,300 mark to reach prices not seen in more than a year.