The Federal Reserve took little action at its meeting this week, but sent plenty of dovish signals to investors — highlighting its worries about the impact of coronavirus on a US recovery, its hopes that Congress will renew fiscal stimulus, and its willingness to add monetary support. “We’ve got to hope for the best and plan for the worst,” Jay Powell, the chairman of the US central... read more

European stock markets were quiet on Tuesday morning, with attention focused on the latest US Federal Reserve meeting getting underway in Washington, DC. The Fed on Tuesday begins a private two-day policy meeting. Chair Jerome Powell will deliver a statement on policy decisions and the outlook for the US economy on Wednesday. “Traders are a little hesitant to place any bigger bets as... read more

Ranjeetha Pakiam July 24, 2020, 9:12 AM (Bloomberg) -- Gold traded above $1,900 an ounce for the first time since 2011, edging closer to its all-time high set that same year, as flaring political tensions and worries over global growth added fuel to the rally. Increasing signs that the prolonged pandemic is stalling an economic recovery and the recent spat between the U.S. and China are un... read more

Gold prices kept their upward momentum on Wednesday, passing the nine-year peak set during the previous trading day, as investors place bets more stimulus measures will ease the economic impact of the coronavirus pandemic. Spot gold was up 1.0% to $1,860.43/oz by 11:30 a.m. EDT, after reaching its highest since September 2011 earlier in the day at $1,864.90/oz. US gold futures were 1.3% high... read more

Gold and silver prices are sharply higher in early U.S. trading Tuesday. Gold prices pushed to a new nearly nine-year high, while silver is strongly up again today and hit a four-year high. There continues to be a steady (and now and increasing) flow of safe-haven and technically related buying in the two precious metals, which is likely to push prices still higher in the near term. August gol... read more

WASHINGTON (AP) — It stands as the biggest economic rescue in U.S. history, the $2.2 trillion coronavirus relief bill swiftly approved by Congress in the spring. And it’s painfully clear now, as the pandemic worsens, it was only the start. With COVID-19 cases hitting alarming new highs and the death roll rising, the pandemic’s devastating cycle is happening all over again, leaving Cong... read more

Mounting global debt — both sovereign and corporate — accentuated by life-preserving stimulus packages and rock bottom interest rates could eventually lead to a general hike in the price of goods and services coupled with negative growth. But while this prospect holds grave consequences for the health of the economy, it’s likely a boon for the precious metals markets. The next global r... read more

The economic devastation caused by the government lockdowns was swift, the destruction immense, and the damage lasting. But, nonetheless, in Q2, the major U.S. stock market indices rallied at a record pace. The Dow booked its best quarter in 33 years. The S&P 500 posted its best performance since 1998. And the NASDAQ had its biggest increase since 1999…jumping 38.85 percent in just thre... read more

Gold has been on a sprint since last year, breaking all kinds of residence levels, including $1,300, $1,400, $1,500, $1,600, $1,700 and now $1,800 an ounce. And for those wondering whether it is too late to get in, Wells Fargo has a reassuring answer: "We still like gold at these levels." Gold is currently trading at fresh nine-year highs at above $1,820 an ounce. August Comex gold was last... read more

Gold is trading mostly flat as investors shift their attention to the stock markets in the U.S. and especially in China, where investors may be excited by a Shanghai Composite that shot up by 5.7 percent on July 6. However, gold still retains its glitter and was still lingering at near an eight-year high thanks to a fantastic second quarter, up 12.5 percent to around 1,800 dollars per ounce,... read more