Precious metals news

Rates for home loans fell again, taking the most popular loan product below a psychological threshold, but Americans’ confidence may be too fragile to take...

The USFIG turned down early last year, and by summertime it was clear that a fresh inflation cycle downturn was taking hold.

President Trump launched Tariff War 2.0 yesterday. And we haven't even wrapped up Trade War 1 yet.
The president shocked markets when he announced a 5% tariff on all Mexican products in an effort to force Mexico to do more to stop the flow of illegal immigration into the US. In this episode of the Friday Gold Wrap, host Mike Maharrey gives you the details and talks about the impact of these new tariffs on the markets. He also discusses what the bond market is telling us about a looming recession, some interesting news out of Russia, and the latest goings-on in the silver market.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
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The newest report is full of great information, however, there is something about it that's beside the point. Chris Powell explains...

In 2010, the world’s central banks stopped selling gold and started accumulating it. As gold provides a hedge against economic uncertainty and currency manipulation...

As market uncertainty rises after China issues warning of retaliation, investors may see gold as a safe-haven.

China’s central bank splashed more cash into the banking system this week than at any time in the past four months, but fresh signs of economic weakness and a worsening trade war may raise the chance it will deploy bolder stimulus.

For the first time in nine years, Singapore replaced the U.S. as the world’s most competitive economy.

The rich are getting richer. It is a refrain that has certainly been uttered before, and likely will again, as Deutsche Bank Securities’ chief economist points out that the gap between the haves and have-nots in the U.S. is, indeed, widening.

...a crucial measure of U.S. inflation watched by the Federal Reserve picked up in April for the first time this year.

The euro rose against sterling for a second straight day on Friday as the battle to succeed Prime Minister Theresa May sapped appetite for the British pound, putting it on course for its worst monthly loss against the single currency in two years.

The euro area is at risk of a new real estate bubble as a result of expansionary monetary policy from the European Central Bank (ECB), Commerzbank analysts have warned.

U.S. allies, looking to buck American control over international trade, are developing alternate systems that don’t rely on U.S. currency.

Bullion prices advanced to a two-week high to head for a monthly gain after Trump said that he would impose a 5% tariff on Mexican goods, effective June 10, until that country stops immigrants from entering the U.S. illegally.

An Allianz arm is not seeing the world through rose-colored glasses these days.

China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could greatly hurt the global economy.

The United States and China must find ways to coexist before rising trade and security tensions spiral out of control, Asian political figures and experts say.

Business profits decline for the second quarter in a row.

Gold softened last night, trading lower in a relatively narrow range of $1275.10 - $1280.40. Gold was pressured by a continued firming in the US dollar (DX from 98.08 – 98.24)...

While modern monetary theory has provided some distraction for public and commentators alike, the war on cash goes on.