Precious metals are apparently waking up. And here is where you can find the best deals.
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ISTANBUL—Turkey’s President Recep Tayyip Erdogan appointed a former First Republic Bank executive to lead the central bank, a likely shift away from the unorthodox economic policies that have sown economic instability and driven away foreign investors. The new central-bank governor is Hafize Gaye Erkan, who until late 2021 was the co-CEO of First Republic Bank, which collapsed and was sold to JPMorgan Chase last month.
China's factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed on a slowing manufacturing sector and cast a cloud over the fragile economic recovery.
China’s inflation remained close to zero in May, sparking concerns on a falling spiral in prices and prompting the central bank to come out to downplay worries on the economic outlook.
Policy tightening by the Bank of Japan, the last bastion of ultra-low interest rates, may send shock waves through the financial world. Lift-off could be at hand, according to T. Rowe Price.
The widening disconnect between stocks and bonds suggests a 20% downside risk for equities if bonds are proved correct in pricing inflation volatility, according to modeling by JPMorgan Chase & Co. strategists.
The unwinding of balance sheets by major central banks will soon begin to bite, causing a massive siphoning of liquidity from markets, hitting risk assets while driving bond yields and the dollar higher, according to BNP Paribas SA.
Global equities were set for a small weekly gain on Friday following a Wall Street rally overnight, as rising bets the Federal Reserve will skip a rate increase next week overshadowed worries about U.S. markets being drained of cash. Traders now lay 73% odds on the Fed keeping rates steady on June 14, in a range of 5%-5.25%
In this episode of the Friday Gold Wrap, host Mike Maharrey engages in a little "I told you so!" discussing a couple of things he got right, including his assertion that the real problems would start after the debt ceiling deal and that it was important to keep your eye on the commercial real estate market. He also talks about the yo-yoing gold price this week.
In our previous article outlining the key players in the precious metals market, we highlighted global central banks as being one of the main driving forces behind gold’s rising demand. The lender of last resort for their respective countries, central banks have been stacking up on gold to meet their financial obligations since the 2007-08 financial crisis. Bloomberg previously reported that banks have been buying the most gold since the United States abandoned the gold standard in 1971.
The price of silver has witnessed a consistent rise backed by demand in various industrial applications. As per a rough estimate, this accounts for half of the annual demand for silver. In fact, demand for physical silver clocked a record high in 2022, buoyed by an all-time high usage for industrial purposes.
India's gold reserves have surged by over 40% since the country resumed purchasing the precious metal over five years ago.
Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs often highlight short-term and long-term opinions and desires to holding gold. The data on this page tracks gold held in physical form by open-ended ETFs and other products such as close-end funds, and mutual funds. Most funds included in this list are fully backed by physical gold.
Goldman Sachs Group Inc. is planning for a period of sluggish growth and higher inflation, the bank's president John Waldron said on Thursday, calling it "a mini-stagflation scenario." "We're planning for that scenario to be more likely...
Just 65% of American adults always tip their servers at sit-down restaurants, down from 73% a year ago and 77% in 2019.
Jun 8, 2023 - 12:23:14 PDT
Near-empty office buildings, already a problem plaguing US cities, are becoming a worry for mortgage bondholders as landlords fall behind on repayments at the fastest rate in five years and the difficulty of refinancing the loans grows.
Jun 8, 2023 - 12:19:52 PDT
(Bloomberg) -- Treasury Secretary Janet Yellen said Congress’ clawback of more than a quarter of the funding previously approved for a rebuilding of the Internal Revenue Service won’t hinder the agency’s near-term goals to improve service and ramp up enforcement.
Securities and Exchange Commission Chair Gary Gensler Thursday went on the offensive Thursday, saying the giant cryptocurrency exchanges targeted by the SEC had "fair notice" before being sued this week.
A new Washington Post article about Nord Stream throws Ukraine overboard and absolves the United States, offering another version of reality we'll have to strain to take seriously
Investors will be well-served by allocating assets toward cash, gold, and other hard assets. These will be the real winners as the war in Ukraine drags on.
Recently, we have seen governments in the Netherlands, and Canada move to shut down farms under the pretext of climate change.