Precious metals news

Mario Draghi, President of the ECB, is scheduled to deliver his remarks on the bank's monetary policy decision in a press conference at 12:30 GMT.

Central bankers attempt to keep pace with bubbling inflationary pressures.

All this inflation talk by Powell makes it easy to see why investors have dumped airline stocks

Gold futures gain and the dollar declines even with the Fed’s revelation that it will likely raise interest rates more aggressively in 2018 than previously signaled. Attention turns fully to the European Central Bank’s policy update.

The ECB kept interest rates unchanged Thursday, but traders will closely monitor upcoming remarks from President Mario Draghi for hints on the potential end of the bank's massive stimulus program.

"shines light upon the deliberately opaque and fraudulent digital derivative pricing scheme and the..."

Lynette has fresh insights as the world gets closer to the global financial system reset. Here's the details...

The Chinese gold jewelry market reversed three years of declines in 2017, marking its first gain since a 2013 boom. According to a report released by the World Gold Council, the modest increase in gold jewelry demand last year could mark a return to sustained growth thanks to continued efforts to reinvigorate the industry through innovation, along with growing Chinese incomes.
The Chinese jewelry market is an important component in the overall global demand for gold. Jewelry accounts for more than half the yearly gold demand, and the Chinese make up about 30% of the gold jewelry market.

Over the last 12 months, the purchasing power of your dollar has dropped at the fastest rate since 2011.
According to the latest data released by the Bureau of Labor and Statistics, the Consumer Price Index (CPI) jumped by 2.8% year-over-year in May. That follows on the heels of a 2.5% leap year-over-year in April.
In other words, prices are going up. That's not good news for people who buy stuff.

“The presumption that we are going up from here — I think is wishful thinking,” Greenspan said, in an interview on CNBC.

"That could lead to a real fiscal solvency problem, eventually," said Gundlach, who famously warned in June 2007 the subprime debacle was about to get much worse.

New research argues that at least half of the jump in bitcoin and cryptocurrency prices was due to a coordinated price manipulation campaign.

Consumers in Los Angeles are simply not buying the notion that inflation, however benevolently measured by the Consumer Price Index, was “only” 2.8% in May

The Fedraised their target rate (upper bound) to 2%. However, they actually left the interest on excess reserves steady at  1.75%. At the same time, the US Treasury 10Y-2Y slope flattened to below 40 basis points, the lowest since 2007.

A trade war, a hawkish monetary mistake & a crisis in either the emerging markets or euro area were cited as the biggest tail risks

The Fed hiked interest rates. Gold & silver were pressured afterwards and the dollar took off like a rocket, but that's all changed now...

Gold popped higher, and took out the overnight high to reach $1299.20. A pullback in US stocks (S&P unch to 2786) aided the move.

Today, would you hope to find 148-year-old treasure in actual dollars or the gold that had been purchased with that amount of 1870 dollars at the time? Effectively, the question is “Would you rather find $5,851 or $468,000?"

And Gas Prices Are Biggest Financial Risks. More than half of Americans have zero assets to their name.

FOMC lifts fed funds rate to 1.75%-2%, signals 4 hikes in 2018