Gold Headlines

Gold firms on coronavirus woes, U.S. stimulus hopes (Reuters)

(Reuters) - Gold prices rose on Monday underpinned by concerns of a worsening COVID-19 pandemic, while hopes for a new U.S. stimulus package before the November presidential election also supported prices of the precious metal.

Europe’s new Covid outbreaks raise threat of double-dip recession (FT)

An Upcoming Paper Gold Crisis? (Budapest Business Journal)

Similarly, the majority of gold ETFs only have a fraction of the gold on hand, compared to the face amount of gold ETFs in circulation. Conventional banks are quite heavily regulated, hence relatively transparent, whereas bullion banks are lightly regulated, and opaque, bullionstar.com notes.    https://bbj.hu/business/an-upcoming-paper-gold-crisis_189486

Fed officials call for tougher regulation to prevent asset bubbles: FT

Goldman Sachs Likes Silver; Trump Wants Even More Stimulus (SilverSeek)

Silver Market Update (SilverSeek)

Senate to vote this week on 'skinny' pandemic relief bill, PPP funds

The average American has $90,460 in debt

 

IMF calls for ' A new Bretton Woods' and 'G20 Debt Restructuring'

U.S. Budget Gap Tripled to Record $3.1 Trillion in Fiscal 2020, Treasury Says