Gold Headlines

‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles

Gold eases on firmer dollar; recovery worries limit losses (Reuters)

“The $1,900 level in very important for gold right now here.” The dollar index rose against its rivals, making gold more expensive for holders of other currencies. Hopes around swift economic recovery faded after data showed that Japan’s economy shrank more than initially estimated in the second quarter as capital expenditure took a hit from the pandemic. https://www.reuters.com/article/global-precious/precious-gold-eases-on-firmer-dollar-recovery-worries-limit-losses-idUSL4N2G50MQ …

Which markets are closed for Labor Day on Monday

Surging euro, vanishing inflation - Five questions for the ECB

Gold gains as global growth worries lend support

Oil drops more than $1 after Saudi price cuts, demand optimism fades

JPMorgan's COMEX Silver Stash: Another New Record High

But -- and as it has been all week, it was another very busy one in silver, as 3,076,034 troy ounces were received -- and 629,957 troy ounces was shipped out. In the 'in' category, the largest amount received...1,485,900 troy ounces...ended up at JPMorgan -- and that's another new record high for them, as they now hold 171.10 million troy ounces in their COMEX depository, a hair under 49 percent of all the silver on the COMEX.  Next was Canada's Scotiabank, as they received 984…

Fed's strategy shift to bind big central banks from Frankfurt to Tokyo

Beware what comes after the easy money binge

Powell says low interest rates could last for years

Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon. “We think that the economy’s going to need low interest rates, which support economic activity, for an extended period of time,” Powell told NPR in an interview after the nonfarm payrolls report was released earlier in the day. “It will be measured in years.” “However long it takes,…