By Jan Harvey LONDON (Reuters) - Gold rebounded on Monday from its biggest weekly drop since November after downbeat U.S. payrolls data on Friday dampened speculation of a near-term interest rate hike, and as Chinese buyers returned after the Golden Week holiday. The metal slid 4.5 percent last week, touching a four-month low of $1,241.20 an ounce on Friday, after a break of support at $1,300... read more

WASHINGTON (Reuters) - It wasn't just Deutsche Bank that was grappling with big questions about the future at the International Monetary Fund meetings in Washington last week. The German bank is scrambling to overhaul its operations as it faces a multi-billion dollar fine for selling toxic mortgage-backed securities in the United States. But many others in the banking industry are also st... read more

U.S. and European equities are in for a bumpy ride into the end of the year. That’s the message from Goldman Sachs Group Inc., which says that political risks, exacerbated by a weak economy in Europe and high stock prices in the U.S., make those markets vulnerable to declines in the next three months. The firm projects that the S&P 500 Index and the Stoxx Europe 600 Index will each drop by... read more

One reason for the lack of investor selloff is the common belief that gold has begun a new bull market. This belief is actually important for where gold heads in the future, as committed investors refuse to add to what would be a manic selloff without said belief. From a historical technical perspective, last week's selloff appears to be more a correction than a reversal. The upward drift... read more

With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, told King World News that China now possesses up to a shocking 12,000 tonnes of gold. 40% Of World Production Sold In Paper Gold Market Last Week Egon von Greyerz:  “Eric, I want to make it very clear that the selling we... read more

On the heels of a weaker than expected jobs release in the United States, Gerald Celente discusses the war in the gold market and what to expect next. Down from its mid- $1,350 range but still above $1,300 until Tuesday, gold suddenly got slammed. Plummeting over $40 per ounce, gold registered its biggest one-day drop since 2013. By Thursday, after falling for eight straight sessions,... read more

On Thursday gold continued to drift lower following Tuesday's crash through the $1,300 an ounce level to its lowest since June, before the Brexit vote lit a fire under the metal. In early trade December futures trading on the Comex market in New York touched a low of $1,265.10 an ounce, the fifth down day in a row. Diego Parilla, managing director and head of commodities at Old Mutual Globa... read more

China wants to do what the U.S. has done, which is to remain on a paper currency standard but make that currency important enough in world finance and trade to give China leverage over the behavior of other countries. The best way to do that is to increase its voting power at the IMF and have the yuan included in the IMF basket for determining the value of the special drawing right. Getting th... read more

IMF says record global debt a huge problem The International Monetary Fund (IMF) has warned against a mounting global debt level affecting both the corporate world and private households. It could be the breeding ground for another financial crisis. The IMF's fresh Fiscal Monitor report said the world was swimming in a record $152 trillion (135 trillion euros) in debt. According to the do... read more