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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.

Displaying 101 to 120 of 30085
Jun 9, 2021 - 07:51:11 PDT

Oil Closes Above $70 a Barrel for First Time in Over Two Years

Oil resumed its rally to top $70 a barrel in New York as investors grew more confident that accelerating vaccinations and easing travel restrictions will continue to boost demand.West Texas Intermediate futures surpassed the $70 mark to close at its highest since Oct. 2018 after briefly touching the key psychological level earlier this week.

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Jun 9, 2021 - 06:11:50 PDT

Gold Rises as US Bond Yields Fall

Gold prices rose on Wednesday, to head for the third gain in 4 days, thanks to a drop in the US Treasury bonds, ahead of key data in the US.

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Jun 9, 2021 - 06:08:58 PDT

Bitcoin Barrels Into ‘Death Cross’ as Backdrop Darkens

The world’s largest digital currency has slumped, pushing its average price over the last 50 days close to its 200-day moving average. Should the short-term line cross below the long-term one, the coin would reach the forbidding formation. The indicator is typically seen as a closely-watched technical measure that could offer a hint at more pain to come.

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Jun 9, 2021 - 06:04:46 PDT
Twitter

Bank of America Merrill Lynch GFSI Market Risk Indicator Has Fallen to the Lowest Since March 2020

The Bank of America Merrill Lynch GFSI Market Risk indicator, a measure of future price swings implied by options trading on equities, interest rates, currencies and commodities, has fallen to the lowest since before the pandemic began to roil markets.

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Jun 9, 2021 - 05:54:19 PDT

10Y Yields Plunge Below 1.50% As Record Short Squeeze Accelerates

With the recent JPMorgan Treasury Client Survey showing that self-reported Treasury net longs were at record lows (and by extension, shorts were all time high) understandably perhaps ahead of an inflation print that is expected to be among the highest on record, there were virtually no traders left to short Treasurys, with all bears already on board.

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Jun 9, 2021 - 05:48:51 PDT

Market volatility & the next moves by central banks have to be watched “very carefully," Mark Mobius

"Any pullback in the money supply as a result of central banks pulling back will be, I think, very bad for the markets. So I think we have to watch this very carefully," Mobius told CNBC's Squawk Box Europe.

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Jun 9, 2021 - 05:46:11 PDT

The Fed Is Paying 0.00%. Such a Deal! Depositors Are Flocking: Bloomberg

Starting in April, though, no interest started looking interesting to certain investors with too much cash on their hands. The amount of money they placed at the Fed overnight at 0.00% grew from nothing to single-digit millions to billions and, as of June 8, $497.4 billion. That’s the most ever.

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Jun 9, 2021 - 05:43:06 PDT

The Average Millennial Has Over $4,000 in Credit Card Debt—Other Generations Have More

Gen X carries the highest credit card debt, while Gen Z has the lowest. Here's how to pay down your credit card balance no matter your age.

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Jun 9, 2021 - 05:40:46 PDT

Congress Wants To Make More Changes to the U.S. Retirement System

Two bipartisan bills — one each in the House and Senate — aim to build on the Secure Act of 2019 as a way to bolster retirement security.

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Jun 9, 2021 - 05:39:26 PDT

Biden Seeks New Coalition for Infrastructure Bill As Talks With Key GOP Senators Fall Apart

Infrastructure talks between the White House and Republican senators have stalled, so President Joe Biden is looking for a different path to bipartisanship.

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Jun 9, 2021 - 05:37:10 PDT

Two Things Could Trigger the Next Financial Crisis, Says Veteran Strategist David Roche: CNBC Pro

Stocks are nearing the end of a bull run and the next major market meltdown may not be far away, said a top investment strategist who predicted the 1997 Asian financial crisis and the 2008 global financial crisis.

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Jun 9, 2021 - 05:33:45 PDT

Mortgage Rates Drop, but Not Enough for Priced-Out Homebuyers

Mortgage rates fell slightly last week, but not enough to light a fire under mortgage demand.

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Jun 9, 2021 - 05:26:55 PDT

China Launches Price Controls After Red Hot Inflation, Highest PPI Since Lehman Collapse

moments after reporting a red hot PPI which was the highest since Lehman, China effectively launched price controls, with China’s economic planning agency vowing to increase supply of key consumer goods to stabilize prices, according to a statement on NDRC website on a national video meeting Tuesday.

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Jun 9, 2021 - 05:17:41 PDT

Tesla, Gold Bars Added to Hong Kong’s US$15m Vaccine Incentive Prizes

Getting vaccinated for Covid-19 in Hong Kong could mean winning a Tesla or even a pile of gold as as the city's tycoons and their companies look to incentivize the shots and help boost a sluggish inoculation rate.

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Jun 8, 2021 - 13:31:52 PDT
video

The Massive Funds That Could Push Gold Higher Have Arrived...

For some time we've been talking about the inevitable arrival of a particular investor to the gold market. Well, they're here. Who are they? Watch today's update with Mike Maloney and Jeff Clark to find out.

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Jun 8, 2021 - 13:08:15 PDT

US Double Eagle Gold Coin Sold for Record $18.9M

A 1933 US gold coin has been sold at a Sotheby’s auction in New York City for a record $18.9m (£13.4m). With a face value of $20, the Double Eagle was the last gold coin produced for intended circulation in America.

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Jun 8, 2021 - 13:04:35 PDT

Gold Dips As Dollar Climbs Ahead of U.S. Inflation Data

Society Generale, however, said gold prices could reach $2,000 by the end of 2021. “The reflation theme continues to include gold and that remains the one factor that leads us to maintain our generally positive outlook for 2021,” the bank said in a note.

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Jun 8, 2021 - 12:59:24 PDT

Basel 3 Already Has Demolished Claims That Central Banks Don't Rig the Gold Market

The weightiest piece of evidence about Basel 3 is the astounding panicked protest issued a month ago by the LBMA and the WGC, a protest directed to the Bank of England's Prudential Regulation Authority, opposing implementation of Basel 3 in the UK.

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Jun 8, 2021 - 12:54:22 PDT

The Wall Street Captured Fed Consolidates Its Power Under Biden

Janet Yellen, the current U.S. Treasury Secretary, is also the Chair of the Financial Stability Oversight Council, which includes every Wall Street regulator. Before coming to the Treasury Department, Yellen was the Chair of the Federal Reserve and had spent the bulk of her working career at the Fed or the San Francisco Fed.

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Jun 8, 2021 - 12:42:44 PDT

The Fed’s Reverse Repo Madness

The Fed is walking a thin tightrope between fighting off financial asset deflation (a stock and bond market crash).  To do this it needs to continue printing enormous sums of money.

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