Gold hit a nearly nine-year high earlier this week, climbing above $1,800 an ounce.
The precious metal is coming off a 13% surge in the second quarter. It has also managed to rally alongside stocks — a divergence from the usual push-and-pull between safe-haven assets and riskier equities.
“Gold and stocks are no longer taking clues from each other,” JC O’Hara, chief market technic... read more
Jerome H. Powell is likely to face questions from lawmakers about the Federal Reserve’s effort to buy corporate bonds when he testifies on Tuesday.
WASHINGTON — When Jerome H. Powell, the Federal Reserve chair, and Treasury Secretary Steven Mnuchin appear before the House Financial Services Committee on Tuesday, they are likely to field a volley of questions on the Fed’s never-before-t... read more
(Bloomberg) -- Gold steadied just below $1,800 an ounce -- a level last seen at the end of 2011 -- as investors weighed the accelerating coronavirus spread in the U.S. against tentative signs of economic improvement in some regions.
Bullion is heading for its best quarter in four years after confirmed Covid-19 cases exceeded 10 million worldwide, with the spread of the disease accelerating i... read more
LONDON (Reuters) - The euro gained on Friday and is set for its biggest weekly rise in three weeks after the European Central Bank reaffirmed its dovish stance in the minutes of its policy meeting while the dollar struggled at U.S. coronavirus infections surged.
Reuters reported after the meeting that policymakers had debated increases of 500 billion to 750 billion euros.
The cautious... read more
Billionaire investor Howard Marks appeared to have more questions than answers during a Tuesday interview with CNBC. And that is perhaps for a good reason.
No one truly knows the ramifications of an unprecedented array of stimulus measures enacted by the Federal Reserve, and the government, to support financial markets that were unhinged by a coronavirus-induced panic three months ago.
... read more
(Reuters) - Gold prices surged to their highest since October 2012 on Tuesday, driven by a weakness in the U.S. dollar and widespread monetary stimulus packages by central banks as a jump in coronavirus cases dents the economic outlook.
FILE PHOTO: A sales assistant displays a 1000 gram gold bar as an investment for a customer at Caibai Jewelry store, in Beijing, China, August 6, 2019. REUTE... read more
Bloomberg) -- U.S. home-mortgage delinquencies climbed in May to the highest level since November 2011 as the pandemic’s toll on personal finances deepened.
the roof of a building: Rows of houses stand in Las Vegas, Nevada, U.S© Bloomberg Rows of houses stand in Las Vegas, Nevada, U.S
The number of borrowers more than 30 days late swelled to 4.3 million, up 723,000 from the previous mo... read more
Despite struggling for direction since its sharp gains at the height of the coronavirus crisis, Goldman Sachs analysts are backing gold to rally further on the back of debasement fears and a weakening dollar.
The precious metal was trading just above $1,736 per troy ounce on Friday afternoon in Europe, up around 0.8% on the day. Gold prices had plateaued somewhat over the past two months as... read more
House Democrats unveiled a $1.5 trillion infrastructure plan Thursday that calls for a huge increase in funding to repair roads and bridges while expanding broadband access in rural areas.
Democrats described the bill as the biggest legislative effort to fight climate change, with Speaker Nancy Pelosi (D-Calif.) saying the package would “make real the promise of building infrastructure i... read more
Federal Reserve Chairman Jerome Powell warned Congress during his semi-annual testimony that the U.S. budget deficit, which is expected to hit $3.7 trillion this year, is on an "unsustainable path."
FED WARNS ECONOMIC DAMAGE FROM CORONAVIRUS PANDEMIC COULD BE 'QUITE PERSISTENT'
"The United States federal budget has been on an unsustainable path for years now," Powell said Tuesday on the f... read more
