London (Jun 4) Gold trades marginally higher leading into the European open. Gold fell 1.95% on Thursday's session but overnight the yellow metal traded as low as $1856.15/oz and is now holding at $1873/oz 0.11% higher. Silver is down -0.39% trading at $27.31/oz. Looking at the rest of the commodities complex, copper is trading half a percent lower while spot WTI has moved just under flat.... read more

In Chapters One and Two of my new book, The New Great Depression, I explain how the pandemic originated from a bioweapons laboratory in Wuhan, China and how the virus spread around the world, regardless of policies such as lockdowns and masks, which proved to be useless. But, in Chapter Five, I explore one of the least reported and potentially longest lasting legacies of the pandemic – m... read more

Billionaire US fund manager Stanley Druckenmiller delivered an apocalyptic warning earlier this month that the dollar could cease to be the predominant global reserve currency within 15 years. “I can’t find any period in history where monetary and fiscal policy were this out of step with the economic circumstances,” the chief executive of Duquesne Family Office declared. He is... read more

(Bloomberg) -- Gold headed for a third straight weekly gain as the dollar continued to trend down, with investors weighing signs of inflation and economic recovery. Traders mostly shrugged off concerns over Federal Reserve minutes Wednesday that showed some policy makers are open to talking about tapering bond purchases, focusing instead on the U.S. central bank’s accommodative stance. M... read more

Gold and silver prices are higher and hit 3.5-month highs in early morning U.S. trading Tuesday. The metals are boosted by a slumping U.S. dollar index and rising crude oil prices. The precious metals gains come as the crypto currency markets have been under selling pressure. Bullish technical charts for gold and silver are also inviting speculators to the long side of the metals. June gold fu... read more

It’s often overlooked in favor of its lustrous cousin gold, but the price of silver has jumped over 70% in the last year, with commodity strategists saying the rally is likely to continue as the global economy reopens. Demand for the precious metal has shot up in the past 12 months. Silver was trading around $27 an ounce on Wednesday, a 74% rise from a year ago when the spot price was arou... read more

Gold prices are holding on to strong gains above $1,800 an ounce as the U.S. economy was unable to meet the high bar set for the labor market, creating significantly fewer jobs than expected in April. Friday, the Bureau of Labor Statistics said 266,000 jobs were created in last month, economists were expecting to see job gains of around 990,000. Meanwhile, the unemployment rate ticked sl... read more

Gold jumped over 1% on Thursday with a weaker dollar and easing Treasury yields propelling it over the key $1,800 psychological level. Spot gold rose 1.6% to $1,814.50 per ounce. During the session it hit $1,817.90, its highest since Feb. 16. U.S. gold futures settled 1.8% higher at $1,815.7. “We really have yet to see a strong rebound in Treasury yields,” said Edward Moya, senior mar... read more

Fed Chairman Jerome Powell insisted once again last week that the inflationary pressures building up in America's overheating economy would be "transitory" (though the central bank is keeping a close eye on prices in keeping with its mandate), but as Wall Street strategists warned their clients on Tuesday as US equities tumbled, signs that the US economy might be headed toward hyperinflation ar... read more

resident Biden on Wednesday pitched a new plan to Americans before a joint session of Congress: more spending. The just-released $1.8 trillion plan, presented just weeks after Biden signed a $1.9 trillion in COVID relief spending into law, includes “free” community college as well as universal preschool for all three and four-year-olds. “Mr. Biden could usher in a new era that funda... read more