Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January.Globally, ETFs added 72 tons of the yellow metal to their holdings last month, according to the latest data released by the World Gold Council. This brought the total amount of gold held by funds worldwide to 2,513 tons valued at about $107 billion.
Can a person just forget about the stock market and invest only in gold, and if so, what can be done with that gold later on? Here's Lynette's insight...
Fed Chairman Jerome Powell suggested Wednesday night that the American ideal of earned success from hard work may be fading.
Renewed discussion about the potential for the Federal Reserve to employ negative interest rates to combat an economic downturn is already prompting objections from some market veterans.
Dry bulk could be heading for a new recession similar to the dramatic downturn in 2016, reads the pessimistic assessment of shipping professor Roar Os Ådland after a prolonged dip in the Baltic Bry Index.
Harvey says not to worry about the latest whacking of gold, however, as the crooks will continue it until Monday. Harvey explains why...
Analysts warn car makers could be forced to cut factory production with U.S. auto sales expected to weaken in 2019
Class-8 truck orders had plunged to the lowest levels since 2009
All of a sudden, former Federal Reserve chair Janet Yellen sounds a little bit like Peter Schiff.During an interview on CNBC, Yellen conceded that the next Fed move could be an interest rate cut.Of course, it's possible. If global growth really weakens and that spills over to the United States where financial conditions tighten more and we do see a weakening in the US economy, it's certainly possible that the next move is a cut."
Central European currencies set multi-week lows as three of the region's central banks which
meet on Thursday were seen keeping rates on hold...
Central European currencies set multi-week lows as three of the region's central banks which
meet on Thursday were seen keeping rates on hold...
RBI shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy after a sharp fall in the inflation rate.
Investors shunned Italian bonds and the euro as doubts grew about the strength of the region’s economy.
The Bank of England (BOE) warned on Thursday the U.K. is on track to register its weakest economic growth in a decade, blaming mounting Brexit uncertainty and a global downturn.
Michael says that gold & silver have that all too familiar feel of a raid-waiting-to-happen. Here's why we're at a critical near-term juncture...
"Gold and silver are true money, and the CFTC has a responsibility to expose and punish those who seek to secretly manipulate its value."
Trump’s State of the Union speech last night lacked major surprises, and market reaction was muted. Gold was a tad lower but very steady, trading in a narrow range of $1311.45 - $1315.90. After ticking up to its $1315.90 high during Asian time
Asahi was selected, through a competitive bidding process, as the successful bidder for substantially all of the assets of Republic Metals Corporation...
It’s clear that merger mania has broken out in the gold mining industry. In recent months, we’ve seen the merger of Barrick Gold (the world’s second-largest gold producer by market capitalisation) with Randgold Resources (the world’s ninth-largest gold producer).
The best defense against the repercussions of a mounting pile of debt, and the new cold war, is to own gold - the traditional safe haven.