This helps explains why central banks around the world have set their inflation targets mostly in the 2-3% range.
Gold futures firmed Monday, an attempt to reverse what was a weekly loss for the haven metal, as investors turned slightly cautious ahead of the launch of a new earnings season.
Asia’s top economy expanded its gold reserves for a fourth straight month, adding to investors’ optimism that central banks from around the world will press on with a drive to build up holdings. Prices advanced back toward $1,300 an ounce.
Total gold holdings in ETFs grew marginally in March, resuming an upward trend that started last fall. Total holdings of the yellow metal globally rose 3 tons, with increases seen in every region, according to the most recent data released by the World Gold Council.ETFs worldwide currently hold 2,483 tons of gold valued at approximately $103 billion.
Turkish companies are struggling to get off the hamster wheel of debt as foreign borrowings run near record highs. The reason: a plunge in the lira that has driven up the cost of their obligations in dollars and euros.
"The gold belongs to the Italians, not to the bankers...”
Once known for prudence, Danske Bank and Swedbank are at the vortex of multifaceted money laundering scandals. Here’s how to make sense of them.
The first major showdown of our new era of great power competition is unfolding with accelerating speed.
Global debt has continued to explode after the global financial crisis because central banks cut interest rates to 5,000 year lows, which has made it much cheaper to borrow. So, governments, corporations, and households have been throwing a giant debt
Gold-mining earnings are set to surge due to gold’s own upleg. Here's what it means for the gold stocks...
Is Herman Cain "good for gold", "bad for gold", or "indifferent"? Here's what we know so far...
Dmitriy Balkovskiy joins Metals & Markets from Russia this week as we take a deep dive into Gold, Russia, and a whole lot more...
"...it’s important for them to remove the dead canary from the coal mine before the worker bees see it."
Gold softened last night in a range of $1287 - $1293, giving up about half of its recovery rally from $1281 yesterday. It slid against a move up in the US 10-year bond yield (2.538% - 2-week high) and continued strength in global equities...
After a trying week for precious metals, just what should investors expect in the months ahead? Eric explains...
Recession and high inflation dog the government of President Mauricio Macri. Argentina's peso weakened 1.32 percent to touch a record low of 44.0 per U....
The large and expanding federal role in housing finance is making homes less affordable. Moreover, expanding regulations are hurting even charitable organizations such as Habitat for Humanity, making it even more difficult to get people into quality homes.
European officials should not worry about following in the footsteps of the BOJ when it comes to monetary policy, according to the chief economist of Nomura Research Institute.
The list of policy and predictive failures by mainstream economists is longer than the typical 9-year-old’s Christmas list.
This is the mad world we live in. A world that will only get madder as policies of desperation are rolled out in earnest to keep the price of money cheap, the price of assets high, and the government swindlers in Washington flush with money borrowed on the backs of the unborn. But make no mistake,