A global shortage of physical gold and silver products has created a premium on coins and bars, and this premium is causing a disconnect between the spot price and the "true" price that retail investors need to pay, said Ed Moy, former director of the U.S. Mint. Moy, who was the director of the U.S. Mint between 2006 and 2011, cites the inability of the mints around the world to keep up with... read more

SHANGHAI, April 29 (Reuters) - China’s 2021 gold demand will see annual growth and will revert to pre-pandemic levels if there are no dramatic changes to the global economic and geo-political situation, a World Gold Council (WGC) official said on Thursday. “For China we had better first quarter growth even compared to 2019 ... If things are stable, we are sure China can stay in such a po... read more

Silver markets have rallied a bit during the course of the trading session on Wednesday as it looks like we are ready to continue to try to break out to the upside. However, the $26.50 level offers resistance, so it is not until we break above there that I would be a bit more impressed by the move. The 50 day EMA underneath continues offer plenty of support, as we have bounced from there coup... read more

* Benchmark 10-year U.S. Treasury yields fall below 1.6% * Dollar drops to near seven-week low * Spot gold may slide into $1,744-$1,758/oz range - technicals (Recasts, adds comment, updates prices) April 20 (Reuters) - Gold prices inched higher on Tuesday, hovering below a seven-week peak hit in the previous session, bolstered by a pullback in U.S. Treasury yields and a weaker dollar.... read more

Pfizer CEO Albert Bourla said people will “likely” need a booster dose of a Covid-19 vaccine within 12 months of getting fully vaccinated. His comments were made public Thursday but were taped April 1. Bourla said it’s possible people will need to get vaccinated against the coronavirus annually. “A likely scenario is that there will be likely a need for a third dose, somewhere bet... read more

A flurry of U.S. economic reports this week may signal the underlying strength of growth and inflation pressures as the country’s thaw from the coronavirus crisis begins to spread. One of the most-watched reports will be the consumer price index, with March data likely to show a heady acceleration from last year’s pandemic conditions. Economists may zero in on the monthly change to gauge... read more

Gold prices rose on Thursday, as yields on longer-term U.S. Treasuries dropped along with the dollar after the Federal Reserve in its latest policy meeting minutes reinforced expectations that interest rates would remain low for some time. Spot gold gained 0.3% at $1,741.85 per ounce. U.S. gold futures rose 0.1% to $1,742.90 per ounce. “Gold is gaining at the moment as it is tracing the... read more

The gold price continues to struggle to find momentum but investors are taking advantage of lower prices to load up on the physical metal as the U.S. Mint sees its best start to the year and the best quarterly sales in more than 20 years. Sales data compiled by the U.S. mint shows that 412,000 ounces in various denominations of American Eagle Gold bullion coins were sold in the first quarter... read more

Many people think that a universal basic income (UBI) would be a good substitute for the welfare state. Under this proposal, each person resident in a country would receive a guaranteed income, sufficient to live at a modest level. People would get the money unconditionally. Unlike welfare payments, the UBI would not be lessened if people earned money in addition to the amount it provided, and,... read more

There’s an underappreciated side effect of all the disruptions across global supply chains: the cost of producing and distributing everything from furniture and foam to cars and machinery is rising. While that has thrown off the plans of companies, the effect on consumer wallets is much more subtle and uneven — for now. In the U.S., 3M Co. has pointed to rising freight costs to s... read more