Gold Headlines

The Gold - Silver Relationship

Gold dealers charged in $185 million scheme to con the elderly

Switzerland wants gold segregation by customs for more transparency

By getting customs around the world to differentiate between mined gold and bank gold Switzerland “wishes to improve the traceability of supply chains and to obtain more accurate statistics”. A fifth of the world’s gold trade passes through Switzerland.  

Banks reap gold trading bonanza from Covid-19 disruption (FT)

Banks are set to report bumper profits from gold and silver trading this year following a record-breaking price rally and the disruption to global supply chains triggered by coronavirus.  Precious metals revenues at the world’s 50 largest investment banks are set to double this year to a nine-year high of $2.5bn, concentrated among a handful of banks, according to consultancy Coalition. Analysts say the surge in revenue stems from a sharp rise in interest among investors..

Rise in virus cases adds to economic uncertainty ahead of U.S. election

Dow rallies 300 points as tech bounces

Dollar resumes its rally, showing strongest week since early April

Ron Paul hospitalized after he appears to suffer stroke during livestream

Fed's George says strains on financial industry could still mount

Gold Price Heads For Biggest Weekly Drop, But Here’s A Bull Case For Gold