Gold Headlines

Millions of Chinese investors rushed into July's stock market rally

Germany, Spain record highest daily coronavirus infection rate since April as cases surge across Europe

Dollar gains but Wall Street retreats as Fed nixes dovish measure

Forty-Three Tons of Gold Shore Up Crumbling Bolivian Reserves -- 42% of Reserves (Bloomberg)

“A large part of the reserves are in gold, so that has appreciated to the point that it netted out the negative impact that they had in the beginning of the year,” said Filipe Gruppelli Carvalho, a Washington DC-based associate at Eurasia Group. https://www.bloomberg.com/news/articles/2020-08-19/forty-three-tons-of-gold-shore-up-crumbling-bolivian-reserves

Gold prices end lower, decline more than 2% as dollar’s skid abates

Scotiabank Will Pay $127.4 Million to Settle Gold & Silver Spoofing Claims

  Bank of Nova Scotia agreed to pay $127.4 million to settle U.S. allegations that the company engaged in spoofing of gold and silver futures contracts, and made false statements to the government. As part of the accord, Bank of Nova Scotia will pay a $17 million fine on Commodity Futures Trading Commission claims that it dramatically misrepresented the scope of the alleged wrongdoing. The bank made multiple false statements during the CFTC’s investigation of a spoofing case…

Fed policymakers zero in on strategy tweaks, minutes show

Federal Reserve policymakers are considering tweaks to monetary policy that could result in the U.S. central bank sticking with aggressive stimulus measures far longer than under its previous rubric, minutes from their last policy meeting showed. The readout of the Fed’s July 28-29 meeting, published on Wednesday, also showed policymakers concerned that a recovery from the economic downturn triggered by the coronavirus pandemic faced a highly uncertain path. For instance, they judged that…

Stocks cut gains after Fed raises concerns about economic outlook amid pandemic

Fed's Bullard - Wall Street 'about right' as U.S. muddles through virus risk

Apple becomes first U.S. company to reach a $2 trillion market cap