Gold Headlines

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,…

Gold is Still Considered the Best Long Term Investment

Experts warn China-India standoff risks unintentional war

Record Gold Prices Create Insurance Headache for Vault Keepers

Gold retreats as positive U.S. jobs data boosts dollar (Reuters)

"Gold's correlation with the dollar has been elevated, especially over the past couple of weeks and bullion is being weighed down by the bounce in the greenback following the solid report, especially the unemployment rate," said Tai Wong, head of base and precious metals derivatives trading at BMO. https://www.reuters.com/article/global-precious/precious-gold-retreats-as-positive-u-s-jobs-data-boosts-dollar-idUSL4N2G12S0