Gold: $1,293.701.30 Silver: $16.550.01

US stock futures point to a third day of big losses, global markets plunge

Volatility shock shakes markets. Here’s what to expect U.S. stock index futures pared significant losses ahead of Tuesday’s open, but still pointed to a sharply negative open as the sell-off continues to weigh on sentiment worldwide. During Monday’s late hours, Dow futures were down 826 points, and S&P 500 futures were lower by 76.5 points […]

Gold rises as equity sell-off spurs safe-haven buying

REUTERS – Gold prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more U.S. rate hikes this year weighed on the market. Spot gold was up 0.4 percent to $1,345.12 per ounce at 0423 GMT following Monday’s 0.5 percent gain. […]

U.S. Stocks Set for More Pain as Volatility Climbs: Markets Wrap

The global equity rout extended on Tuesday as a gauge of world stocks headed for the biggest three-day slide since 2015. U.S. shares were poised for more losses, with a measure of volatility at the highest in nine years. Treasuries slipped and the dollar rose.  Futures for both the S&P 500 Index and the Dow […]

Gold-Backed Cryptocurrencies: Icing On An Already Tasty Cake

The blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new source of physical demand. Third, the huge number of gold-related initial coin offerings (ICOs) in […]

Stock Selloff Deepens; Dollar Steady as Gold Gains: Markets Wrap

Global stocks extended the biggest selloff since 2016, with European and Asian equities slumping and futures pointing to another leg down for U.S. share at the open. Treasuries and the dollar stabilized while oil fell and gold rose. Futures for both the S&P 500 Index and Dow Jones Industrial Average dropped, signaling more losses to […]

Is Facebook’s Ban On Crypto Ads In Anticipation Of A Litecoin Integration?

In early January rumors started spreading about whether Facebook would either adopt Litecoin or create its own cryptocurrency. On Tuesday, Facebook announced that it would block all cryptocurrency and ICO advertising on its platform. Coincidence? Let’s look at the details. Between December 6th and 17th of 2017, Litecoin (LTC) tripled in value, from $102.93 to […]

UK’s Royal Mint Launches Gold-Backed Cryptocurrency

The UK’s Royal Mint, the institution responsible for producing all the physical money the country has for circulation, has announced the launch of its own gold-backed cryptocurrency. The Blockchain-based coin, called Royal Mint Gold (RMG), is a digital representation of gold stored in The Royal Mint vault. The Royal Mint Bullion, the Royal Mint company […]

Republican memo likely to be released Thursday -Trump administration official

WASHINGTON (Reuters) – A Republican memo alleging anti-Trump bias at the FBI and U.S. Justice department is likely to be released on Thursday, an official of President Donald Trumps administration said on Wednesday. The FBI said earlier on Wednesday it had “grave concerns” about the accuracy of the top-secret House Intelligence Committee memo, challenging President […]

CFTC Files Eight Anti-Spoofing Enforcement Actions against Three Banks (Deutsche Bank, HSBC & UBS) & Six Individuals

Washington, DC — The Commodity Futures Trading Commission today announced, in conjunction with the Department of Justice and Federal Bureau of Investigation’s Criminal Investigative Division, criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes. Division of Enforcement Director James McDonald said, “Spoofing is a particularly pernicious […]

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