NEWS
Gold and silver market moving news, curated from the best of GoldSilver's team and around the web. Check back often for updates, or subscribe to get the highlights in your inbox.
Subscribe
China's Currency Is Expected to Fall Below Its Own 'Red Line'
Strategists expect China's weakening currency to eventually fall through a key psychological level that could spark an even steeper drop and no doubt draw a new round of criticism from the Trump administration.
READ MORE
China Reports Economic Growth - Worst Pace Since the Financial Crisis
China said on Friday its economic growth slowed to 6.5 percent year-over-year in the third quarter of 2018, missing expectations.
READ MORE
Rents for U.S. Homes Drop for First Time Since 2012, Zillow Says
Rents fell in more than half of the 35 largest U.S. markets in September, with the biggest declines in Portland, Oregon, where they dropped 2.7 percent, and Seattle, with a 2.2 percent decrease.
READ MORE
Why Main Street Should Worry About Wall Street’s Bond Sell-Off
The potential for higher borrowing costs to inflict damage on household finances has grown in the era of extraordinarily easy monetary policy.
READ MORE
Gold Traders' Report - October 18, 2018
Gold traded either side of unchanged last night in a range of $1218.70 - $1225.20, largely fading movement in the US dollar. Gold fell to its $1218.70 low during Asian hours as the DX climbed to 95.78
READ MORE
World Gold Council Update: IMF Report Highlights Gold's Relevance
The IMF Global Financial Stability report, released on 10 October, highlighted an increase in the level of risk among multiple global metrics. Following its publication, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. While the market has regained some of its early losses, we believe the report and the subsequent market pullback underline the relevance of holding gold in the near and long term.
READ MORE
Russia Unloads Nearly All Its Holdings of US Debt & Invests It in Gold
The share of precious metals in the country's foreign reserves has reached a record 18 percent, closely approaching the share of dollar investments.
READ MORE
Russia And China Prepare To Ditch Dollar In Bilateral Trade
Moscow and Beijing are working on an inter-governmental agreement to expand the use of the ruble and yuan in mutual trade settlements, Russia announced on Thursday.
READ MORE
Dow Drops Over 300 Points: Another Bad Day for Overvalued Stocks
Stocks fall sharply as the market worries about overvalued tech, the trade war and rising interest rates.
READ MORE
David Walker: There Is No Party of Fiscal Responsibility Anymore
The former U.S. comptroller general lambasted federal spending.
READ MORE
SEC Commissioner Warns: A Retirement Crisis 'Tsunami' Is Approaching
Commissioner Kara M. Stein spoke to the Brookings Institution on Tuesday, giving a talk titled "The New American Dream: Retirement Security." Here's what she had to say:
READ MORE
US Stocks Plunge, Italian Risk Spikes As Draghi Threatens Italy
"There is no evidence that to undermine all the rules will lead to prosperity, but it will carry a high price tag for all actors."
READ MORE
U.S. Recession Chances in Next Two Years Top 60%, JPMorgan Says
The U.S. economy has a greater than 50-50 chance of tipping into a recession in the next two years, according to a model tracked by JPMorgan Chase & Co.
READ MORE
Housing Stocks Are Having Worst Year Since 2008, See Further Downside
Two major homebuilder stock-tracking ETFs, the ITB and the XHB, are on track to post their worst years since 2008 — and some strategists see further downside.
READ MORE
Wall Street Grows Increasingly Bearish on Housing
Bank of America Merrill Lynch downgrades homebuilder stocks Toll Brothers, PulteGroup and NVR and lowers its homebuilding estimates for 2018 and 2019.
READ MORE
Dollar Libor at a 10-Year High Adds to Global Funding Headwinds
The global dollar benchmark rate that everyone loves to hate and which regulators have marked for extinction approached a 10-year high Wednesday, adding to strains on some emerg…
READ MORE
Charles Hugh Smith: Is the Greatest Bull Market Ever Finally Ending?
(Hint: Follow the Money)
READ MORE
Greenspan: 50-Year Low Unemployment Will Force up Wages and Inflation
Greenspan: "Ultimately prices take hold."
READ MORE
Trump Attacks the Weak Link Powell Can’t Ignore in Fed Rate Plan
Donald Trump has attacked the soft underbelly of the Federal Reserve’s campaign to raise interest rates, exposing what Jerome Powell himself probably recognizes is a potential vulnerability.
READ MORE
Here's What Wall Street Isn't Paying Attention to from the Fed
The Fed has been telegraphing to the market that it intends to keep raising rates both to stave off high inflation and to prevent financial markets from getting unhinged.
READ MORE