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NEWS

Today’s gold and silver market news, curated from the best of GoldSilver's team and around the web. Everything precious metals investors need to know including updates on big price swings, macro analysis, and breaking stories. Check back often or subscribe to get the highlights in your inbox. Monitor live spot prices on our charts page.

Displaying 21 to 40 of 21619
Jul 14, 2020 - 06:45:54 PDT

Swiss National Bank Says Expansive Policy “More Necessary Than Ever”

The Swiss National Bank is unlikely to change course from its ultra-loose monetary policy as the novel coronavirus pandemic increases appreciation pressure on the safe-haven Swiss franc, SNB Chairman Thomas Jordan said on Tuesday.

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Jul 14, 2020 - 06:42:25 PDT

California Closes Indoor Restaurants, Movie Theaters & All Bars Statewide as Coronavirus Cases Rise

California Gov. Gavin Newsom on Monday ordered all counties in the state to close all bar operations and the indoor operations of businesses including restaurants, movie theaters and museums, as Covid-19 cases continue to climb.

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Jul 14, 2020 - 05:31:51 PDT

Top Federal Reserve Officials Are Starting To Brace For A Prolonged Recession: Forbs

Policymakers at the Federal Reserve, after some initial optimism that the Covid-19 slump would be deep but confined to the second quarter of this year, now seem braced for a more prolonged recession marked by high unemployment and a rising risk of corporate bankruptcies.

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Jul 14, 2020 - 05:27:58 PDT

Mounting Risks in US Will Weigh on the Dollar, Analysts Predict: FT

Escalating political and health risks in the US and rising optimism about the global economic recovery should keep the dollar sliding over the next few months, according to analysts. Large banks turned bearish on the greenback in late May...

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Jul 14, 2020 - 05:25:27 PDT

Citigroup Quarterly Profit Tumbles 73% as Loan Loss Provisions Surge

Citigroup Inc reported a nearly 73% plunge in quarterly profit on Tuesday as the bank set aside $5.6 billion to brace itself for a potential surge in loan defaults stemming from the coronavirus outbreak. The New York-based bank reported a profit of $1.32 billion, or 50 cents per share, for the second...

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Jul 14, 2020 - 05:23:27 PDT

Congress Won’t Pass a New Stimulus Package, and That Will Crush the S&P 500

Investors are too optimistic about more fiscal help given the rancorous political climate ahead of the November elections.

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Jul 14, 2020 - 05:22:15 PDT

Euro Zone Industry Output Recovers Less Than Expected

Euro zone industrial production rose in May, official estimates showed on Tuesday, but the recovery from lockdown-induced record declines March and April was lower than expected and far from offsetting past drops.

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Jul 14, 2020 - 05:06:26 PDT

Wells Fargo Reports $2.4 Billion Loss for the Quarter, Cutting Dividend to 10 Cents

Wells Fargo is expected to post its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

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Jul 14, 2020 - 05:03:22 PDT

JPM Beats as Credit Loss Charges Soar Above $10Bn: Dimon Warns on ‘Much Uncertainty’

JPM has officially launched Q2 earnings season, with what was essentially a story of an impressive Income Statement vs a rather ugly Balance sheet.

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Jul 14, 2020 - 04:55:19 PDT

US Recovery Stalls As Pandemic 'Second Wave' Threatens To Unleash Double Dip Recession

"I think we've got a second leg down..." 

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Jul 14, 2020 - 04:53:16 PDT

China Says the Latest U.S. Move Is Aggravating Tensions in the South China Sea

The U.S. State Department said Monday that "Beijing's claims to offshore resources across most of the South China Sea are completely unlawful, as is its campaign of bullying to control them."

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Jul 14, 2020 - 04:51:53 PDT

Singapore Enters Recession After Economy Shrinks More Than 40% Quarter on Quarter

Singapore's economy entered a technical recession after shrinking by 41.2% in the second quarter compared to the previous quarter, government data showed.

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Jul 14, 2020 - 04:48:02 PDT

Coronavirus Updates: CNBC, U.K. Study Says Immunity May Wane After Two Months

The coronavirus has infected more than 13.1 million people across the country as of Tuesday, killing at least 573,200 people.

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Jul 13, 2020 - 13:41:17 PDT

Silver Soars, Outpacing Recent Gains in S&P 500 and Gold

Silver prices climbed to their highest level in nearly three years, lifted by factory reopenings and soaring investor demand for precious metals.

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Jul 13, 2020 - 13:00:22 PDT

Silver Futures Log Highest Finish Since 2016

Gold tallies its first gain in three sessions on Monday, with analysts tying support to a global rise in the number of COVID-19 cases.

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Jul 13, 2020 - 12:50:29 PDT

S&P 500 Turns Negative, Giving Back an Earlier Rally That Erased Its 2020 Losses

Wall Street also lost its footing after California Gov. Gavin Newsom ordered indoor operations for fitness centers, malls and places of worship, among others, to shut down amid rising Covid cases.

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Jul 13, 2020 - 12:24:02 PDT

Fed Releases POMO Schedule For Next Two Weeks; Will Buy $9BN In Treasuries And MBS Each Day

In line with the recent Fed disclosure that the central bank will purchase about $80 billion in Treasurys monthly, the latest schedule shows an average daily purchase of about $4.5 billion, or $46BN spread over 10 days.

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Jul 13, 2020 - 11:42:04 PDT

Robert Shiller Warns That Urban Home Prices Could Decline

The coronavirus pandemic could cause a decline in urban housing prices if employees continue to work from home and forgo city living, according to Nobel Prize-winning economist Robert Shiller.

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Jul 13, 2020 - 11:31:30 PDT

Goldman Expects A 60% Drop In Q2 EPS, Much Worse Than Consensus

"Consensus forecasts S&P 500 EPS will decline by 44% year/year in 2Q, but we believe earnings will fall by 60% in the quarter... Management commentary will prove more valuable than backward-looking results."

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Jul 13, 2020 - 11:28:14 PDT

Coronavirus Bringing Record $1 Trillion of New Global Corporate Debt in 2020

Companies around the world will take on as much as $1 trillion of new debt in 2020, as they try to shore up their finances against the coronavirus, a new study of 900 top firms has estimated.

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