Bitcoin was down 48% from 24 hours before at 10:24 a.m. Singapore time at $4,001.60, according to data from Coindesk. The market capitalization, or total value of the entire cryptocurrency market, plummeted around $93.5 billion in the space of 24 hours as of 10:07 a.m. Singapore time, according to data from Coinmarketcap.com. The fall in cryptocurrency markets comes amid a broader sell-off i... read more

With the spread of the Global Contagion, the demand for physical precious metals has increased significantly. According to the U.S. Mint’s newest update, another million Silver Eagles were sold over the past two days. This brings to total Silver Eagle sales in March at 2.3 million, more than three times the previous month. On my last update, the U.S. Mint sold a total of 1,345,000 Silver... read more

(Reuters) - Gold prices rose on Wednesday after a steep fall in the previous session, as doubts about a stimulus package proposed by U.S. President Donald Trump to soften the economic impact of the coronavirus epidemic weighed on risk sentiment. Gold bars stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, August 14, 2019. REUTERS/Michael Dalder Spot g... read more

As was true during World War II, the US Federal Reserve needs to buy Treasury debt on a sustained basis to prevent crippling interest-rate spikes. This “new normal” is a clear warning that the US must address new generation-spanning challenges such as excessive government debt with a wartime sense of urgency. ALEXANDRIA, VIRGINIA – In a 2017 speech, John Williams, then the president of t... read more

(Bloomberg) -- Gold jumped to a fresh seven-year high as investors tried to assess an expanding global health crisis. Bullion is headed for the biggest weekly gain since 2009, driven by a collapse in bond yields and concerns about the scale of the coronavirus outbreak. Gold rose as much as 1.1% to $1,690 an ounce, the highest since January 2013. Separately, platinum and palladium surged o... read more

SEOUL (Reuters) - South Korea announced a stimulus package of 11.7 trillion won ($9.8 billion) on Wednesday to cushion the impact of the largest outbreak of coronavirus outside China as efforts to contain the disease worsen supply disruptions and sap consumption. Finance Minister Hong Nam-ki said the supplementary budget, subject to parliamentary approval, will channel money to the health syst... read more

US Dollar Will Collapse In Bear Market February 27 (King World News) – Alasdair Macleod: Falling equity markets this week are likely to signal the onset of a bear market, responding to a combination of the coronavirus spreading beyond China and persistent indications of a developing recession. This has provoked a flight into US Treasuries, with the ten-year yield falling to an all-time low... read more

Gold prices surged more than 2.5% to over seven-year highs on Monday as the spread of coronavirus outside China and its potential impact on global economic growth spurred safe haven buying. Spot gold was up 2.5% to $1,683.94 per ounce after hitting $1,688.66, its highest level since January 2013. U.S. gold futures were up 2.3% to $1,686.40. Gold in euros hit an all-time peak of 1,560.39 eur... read more

(Bloomberg) -- Junk bonds are starting to look a little like leveraged loans in a new sign of investor fever for higher-yielding debt. Private-equity owned companies Zayo Group Holdings Inc. and LifePoint Health Inc. have torn up the rule book when it comes to a high-yield bond structure known as the non-call period, which makes it harder for borrowers to redeem debt early without paying a pen... read more

Gold climbed to a two-week high on Tuesday as investors sought safe havens after a revenue warning from iPhone maker Apple due to coronavirus, exacerbating fears of the outbreak’s impact on global economic growth. Spot gold was up 0.4% at $1,587.06 per ounce, having earlier risen to its highest since Feb. 3 at $1,589.40. U.S. gold futures inched up 0.3% to $1,590.20. “We’re seeing s... read more