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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Study: 29 Million American Adults Don’t Have Enough to Eat, a Threefold Increase Since 2018
The Covid-19 pandemic has dramatically worsened America's hunger crisis—a shift that disproportionately impacts people of color, women, and children.
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Unemployment Claim Progress Slows to a Crawl
Progress in initial and continued state unemployment claims is minimal. All continued claims rose has worsened for three weeks.
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More Than One Third of All NYC Residents Consider Leaving
A Siena College study shows 44 Percent of Six-Figure Earners in NYC Have Considered Relocating.
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China’s Yuan Is Rallying Sharply Against the Dollar and Analysts Say There’s Room to Run
Analysts say recent strength in the yuan is due to a weakening dollar, which has slumped significantly this year, as well as China's economic recovery after the worst of the coronavirus hit.
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Fed's Kashkari Says New Forward Guidance Could Have Been Stronger: WSJ
New Federal Reserve guidance over the future path of rates fell short of what was needed, Minneapolis Fed leader Neel Kashkari said Friday.
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$2.50 a Year in Interest? That’s What $5,000 in Savings Gets: NYT
With the Federal Reserve keeping rates low, home buyers are benefiting. But savers? Their average interest rate is just 0.05 percent.
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Millions Are House Rich but Cash Poor. Wall Street Landlords Are Ready :WSJ
Since the coronavirus pandemic began, big single-family landlords have raised billions of dollars for homebuying sprees.
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Momentum for Basic Income Builds as Pandemic Drags On
Advocates see an opportunity to transform the safety net.
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UBS Is ‘Very Bullish on Gold,’ Says Prices Could Stay High Longer
UBS has raised its gold price forecast for next year from $1,850 to $2,100 per ounce, said Yeoh Choo Guan, the bank's head of ASEAN global markets.
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The Next Wave of the Global Recovery Could Send Commodity Prices Soaring
The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC.
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Gold Rises as Economic Uncertainty Prevails, Dollar Softens
Gold prices gained on Friday buoyed by a weaker dollar and lingering concerns over an economic recovery from the damage inflicted by the coronavirus pandemic that were underscored by elevated weekly U.S. jobless claims data.
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Stocks Weighed Down, Lack of Stimulus
Stocks struggled on Friday on investors' concerns about a resurgence in coronavirus cases and lingering disappointment that central banks merely affirmed their monetary support this week without promising new stimulus.
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Dalio on Capitalism’s Crisis: The World Is Going to Change ‘In Shocking Ways’ in the Next Five Years
Americans look at the value of everything in U.S. dollars, but they don’t look at the value of the dollar. You’re in an environment where you have to be cautious about that, because the easiest way out for government is to do what the U.S. just did, which is to borrow and print a lot of money.
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Senate Dems Propose Forgiving $1.5Trillion in Student Debt for Borrowers Due to Pandemic
Senate Democrats announced a resolution Thursday to cancel up to $50,000 in student debt for borrowers.
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ECB’s De Cos: It Can’t Be Ruled Out That New Stimulus Will Be Needed
European Central Bank (ECB) Governing Council member Paolo Hernandez de Cos said that the additional stimulus cannot be ruled since the economic recovery slowed down last month.
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Japan Turns to ‘Suganomics’ but Analysts Say the Policy Will Likely Continue Abe’s Legacy
Japan's new prime minister Yoshihide Suga will likely pull out all stops to revive the economy badly hit by the coronavirus pandemic but still continue the policies of outgoing leader Shinzo Abe.
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9 Million Americans Still Missing Their $1,200 Stimulus Check There’s Just 1 Month
The deadline to register for coronavirus relief is October 15. The IRS will begin sending letters this month, urging people who have not gotten their money to do so while they still can.
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Government Mortgage Bailout Numbers Improve Slowly, but the Real Test Is Ahead
The number of borrowers in government covid-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising.
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The Market Isn’t Convinced the Federal Reserve Can Achieve Its Inflation Objective
While the move to "average inflation targeting" is in a respect historic for the Fed, market participants remain largely skeptical that the central bank can achieve its newly defined goal.
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Coronavirus Live Updates: CNBC
The coronavirus has infected more than 30.1 million people globally as of Friday, killing at least 946,490 so far.
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