Gold and Silver Industry & Investing 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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Biden Veers Off Script on Taiwan. It's Not the First Time
Each time he says what he really thinks, there is the ritual cleanup brigade dispatched by the White House to pretend that he did not really say what he clearly articulated — or that even if he did, it did not really amount to a change in policy. But then Biden, unperturbed and unapologetic, goes out and does it all over again.
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Biden Praises High Gas Prices as Part of ‘Incredible Transition’
Out of touch as ever, President Biden celebrated record-high gas prices Monday, gushing that the pump pain was part of “an incredible transition” of the US economy away from fossil fuels.
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A Record 68% of American Households Said Their Savings Could Cover a $400 Emergency in 2021
Financial well-being reached an all-time high in 2021, according to the Federal Reserve.
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Two in 10 Americans Say US Headed in the Right Direction, Poll Shows
Even Democrats are losing hope – with only 33% saying the US is headed in the right direction compared to 49% a month ago and 55% in March.
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Inflation: There Will Be ‘Further Layoffs’ That Will Be ‘Fast and Furious’
Quant Insight CEO Mahmood Noorani and Brandywine Global Portfolio Manager John McClain sit down with Yahoo Finance Live to talk about recent market volatilities, outlook on tech stocks, the Fed's interest rate hikes, and positioning against Fed risks.
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Snap Says the Economy Deteriorated Fast
Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off.
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Fed’s Bostic Suggests Pausing Rate Hikes in September To Assess Impact
It “might make sense” for the Federal Reserve to pause further interest rate hikes following expected half-point rate increases over the next two months as the central bank assesses the impact on inflation and the economy, Atlanta Fed President Raphael Bostic said on Monday.
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Rate Cuts and Money Printing Not To Blame for Soaring Inflation, Says Bank of England’s Baily
Andrew Bailey (pictured) has hit back at claims that the central bank's actions during the pandemic had served to fuel the rapid rise in inflation.
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Gold Prices Gain As U.S. Dollar Pullback Boosts Appeal
Gold prices firmed on Tuesday, as the U.S. dollar weakened to a one-month low for a second consecutive session, making greenback-priced bullion less expensive for overseas buyers.
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A "Lost Decade" Ahead For Markets?: Lance Roberts
The last decade provided excess returns, however, will the reversal of monetary policy, inflation, and overvaluation lead to a lost decade.
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The Next Crisis to Hit Markets May Be About Liquidity: Bloomberg
...liquidity has been slowly draining from various markets to the point where the Federal Reserve this month warned that it threatens financial stability. Investors who ignore this warning do so at their own peril.
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Ray Dalio: Cash Is Still Trash, and This Market Period Reminds Him of the 1970s
Ray Dalio, argued on Tuesday that the stock market is set to face another sell-off, insisting that "cash is trash.” Commenting about the ongoing economic situation in the United States in an interview with CNBC at the World Economic Forum in Davos, Dalio said that this market period reminds him of the 1970s.
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Crypto Markets May Pose Risks to Wider Financial Stability, ECB Warns
Cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the last two years and financial firms deepen their involvement, the European Central Bank (ECB) said on Tuesday.
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Further China Support for Russia – Wants To Erode Dominance of USD
Western sanctions on Russia over its invasion of Ukraine have renewed debate in China about overhauling the exchange rate regime and loosening dependence on the US dollar.
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US Dollar Index in Fresh Lows, As Bears Regain Control
The greenback, in terms of the US Dollar Index (DXY), adds to the pessimistic start of the week and drops to new lows in the sub-103.00 region on Tuesday.
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How Russia Made Its Ruble the World’s Top-Performing Currency
“A lot of this is just man-made currency strength,” Brendan McKenna, currency strategist at Wells Fargo Securities told Bloomberg. “If all these policy measures weren’t in place it would probably be at the 180 level based on the evolution of the conflict.”
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Wall Street Says a Fed Digital Dollar Spells Destruction for Banks
The Federal Reserve is considering whether to launch a CBDC like other nations, and bankers argue that’s a dangerous idea.
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Fed Facility Tops $2 Trillion as Investors Scramble to Park Cash
The amount of money parked at a major Federal Reserve facility climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to find places to invest their cash in the short term.
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Best Buy Cuts Profit Forecast on Inflation Hit
A spike in prices for everything from toothpaste to gas is taking a toll on consumer spending, while driving companies such as Walmart Inc and Target Corp to report their worst earnings miss in at least five years. Best Buy's comparable sales fell 8% in the first quarter ended April 30, but beat analysts’...
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Inflation Concerns Are Soaring Around The World
The world’s political and economic elites have descended once more on Davos, Switzerland, for the World Economic Forum (WEF), after a two-year hiatus due to the pandemic. This year’s round of talks, which run from May 22 to 26, will deal with, among other topics, the Russian invasion of Ukraine, food shortages, climate change and inflation.
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