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.
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U.S. Mortgage Rates Fall, Housing Market Grinds to a Halt: Bloomberg
U.S. mortgage rates fell for a second straight week, giving homeowners more incentive to refinance -- as long as they still have jobs.
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Politicians Are Already Calling for a 4th Coronavirus Relief Plan
As the U.S. tries to implement a historic $2 trillion coronavirus relief plan, lawmakers are outlining what they think the next bill should include.
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Europe Feels Jobs Shockwave With Shutdown Damage Spreading
Job losses are mounting across Europe, intensifying pressure on governments to protect their labor markets from the backlash of the coronavirus or face the threat of protracted recessions.
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Gundlach Sounds Alarm on ‘Paper Gold’ ETFs Raking in Billions: Bloomberg
Jeffrey Gundlach has a warning for investors piling into gold-backed ETFs: Don’t think you’ll get the physical metal back.
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Gold Extends Rise After Another Surge in Jobless Claims
...the “huge liquidity input” that central banks are preparing doesn’t appear fully priced in and “could be a supportive element for the bullion price in the next few months.”
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Stock Futures Give up Gains, After a Massive Surge in Jobless Claims
U.S. stock futures gave up sharp gains from earlier in the session on Thursday on the back of grim unemployment data.
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10 Million Americans Have Filed For Unemployment In Past 2 Weeks
"US Labor Market Is In Free-Fall"
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US Weekly Jobless Claims Total 6.6 Million, vs 3.1 Million Expected
First-time claims for unemployment insurance were expected to total 3.1 million, according to economists surveyed by Dow Jones.
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This Hard Truth About the Mortgage Markets Isn’t Being Told
The true condition of mortgage markets around the country is murkier than ever. Second, a full picture of mortgage modification re-defaults would offer us a much clearer understanding of how bad the delinquency situation really is.
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Apply Here: How to Spend $2.2 Trillion and Rescue Economy
Mnuchin: “We have a lot of money. We need to get that money in Americans’ hands.”
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Consumer Confidence: What the Chart Say's About Recessions
The chart is another attempt to evaluate the historical context for this index as a coincident indicator of the economy.
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Coronavirus Spending Could Explode Federal Deficits to WWII Levels
A new study by Morgan Stanley estimates the deficit will total at least $3.7 trillion this calendar year, and $3 trillion next year, financed by the sale of Treasurys, largely to the Federal Reserve.
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Fed Temporarily Eases Capital Requirements for Big Banks: WSJ
The Federal Reserve on Wednesday said it was temporarily taking steps to ease an obscure capital requirement for large banks to address strained conditions in the Treasury market.
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66 Million+ U.S. Jobs Are at 'High Risk' of Layoffs Amid Coronavirus
As the coronavirus, or COVID-19, wreaks havoc on the U.S. economy, more than 66 million jobs across sales, production, and food preparation services are at “high risk” of layoffs, according to a St. Louis Federal Reserve economist.
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Brace for Coronavirus Fallout to Take Stocks to New Lows
Wilmington Trust's Meghan Shue warns investors will see two grim quarters of losses — not just one.
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Worst Yet to Come For Junk Debt as Defaults Loom, Goldman Says
“As has been the case in past downturns, financial distress will continue to increase, leading to higher defaults and downgrades.”
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Banks To Make Billions On Small Business Bailout
And with billions of dollars at stake to those who merely take money from point A and deliver it to point B, one can be certain that everyone will be applying.
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Can Coronavirus Hurt the American Food Supply Chain?
There are some larger worries about labor shortages or food security globally as the world is confronted with the uncertainty of what could be ahead.
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Coronavirus Live Updates: CNBC
The U.S. has the most number of reported cases globally at over 216,000, according to data compiled by Johns Hopkins University.
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Coronavirus: A Dangerous Geo-Political Blame Game Erupts
US authorities are now firing an opening salvo at China, claiming that the county misinformed the rest of the world about the severity of covid-19.
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