Gold: $1,229.802.20 Silver: $14.740.13

Gold futures settle at lowest level since November

Dollar rally helps dull demand for gold SAN FRANCISCO (MarketWatch) — Gold futures on Tuesday took a hit from a rally in the U.S. dollar, with prices for the precious metal logging their lowest settlement since November. Concerns over the prospects of rising U.S. interest rates pushed the dollar DXY, +0.85% to multiyear highs, weighing […]

Gold drops to three-month low on dollar, U.S. rate expectations

(Reuters) – Gold fell almost 1 percent to a three-month low on Tuesday as the dollar rose to a near 12-year peak versus the euro on renewed expectations of a mid-year hike in U.S. interest rates. Spot gold dropped to its lowest since Dec. 1 at $1,155.60 an ounce in early trade, and was down […]

Gold steadies as dollar pauses but further weakness seen

Gold holds near lowest since December Strong U.S. payrolls raise bets for earlier Fed rate hike Greece to meet with experts on emergency financing Wednesday Chinese premiums tick up to $6/ounce (Updates prices, adds comment) By Marcy Nicholson and Clara Denina NEW YORK/LONDON, March 9 (Reuters) – Gold steadied on Monday as the dollar rally […]

Fed shifts regulatory power away from New York

The regulatory power of the Federal Reserve Bank of New York has shifted to a committee in Washington established in a previously undisclosed paper written in 2010, the Wall Street Journal reported on Thursday. The change, which the newspaper said had been enacted slowly during the past five years, moves the center of banking oversight […]

Stress Tests On Big Banks Are Too Predictable, Treasury Department Paper Says

The stress tests meant to ensure that big banks are safe and sound have become too predictable, experts warn in a paper published by the U.S. Treasury Department Tuesday. The researchers show that the examination process is settling into a routine, as evidenced by results that come back largely the same year after year. “The […]

SILVER EAGLES vs GOLD EAGLES: Two Charts You Have To See

There are two charts every precious metals investor needs to see.  The U.S. Mint is celebrating its 30 year anniversary producing Gold and Silver Eagles and if we look at the sales data of these two Official precious metal legal tender coins going back to 1986, there are some interesting trends worth looking at. The […]

MEXICO: World’s Number One Silver Producer Slips In 2014

Mexico is the largest silver producer in the world.  The only two countries that come remotely close to Mexico’s number one ranking are Peru and China.  However, these countries trail Mexico by more than 50 million ounces. According to the INEGI, Mexico produced a record 186 million ounces (Moz) of silver in 2013, but this […]

Is Silver a Good Investment Right Now?

The prevailing silver price volatility and surging stock market has investors asking, ” Is silver a good investment right now?” Silver prices have ranged from $15.785 an ounce to $18.31 in 2015. This is the norm for silver. Last year it was as high as $21.965 and low as $15.315. The current price of silver […]

US Running out of Room to Store Oil; Price Collapse Next?

NEW YORK — Mar 3, 2015, 1:14 PM ET By JONATHAN FAHEY AP Energy Writer The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months. For the past seven weeks, the United States has been […]

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