Gold: $1,465.304.10 Silver: $16.700.08

Dollar Reaches Multi-Year Lows as Central Banks Shift Reserves Into Yuan

There is nothing quite like a falling dollar to spur talk of the erosion of the greenback’s reserve status. There has been talk for several months that China is preparing a yuan-denominated oil contract (with an embedded gold option). It has not been launched yet, but some observers see it as a blow to the […]

Goldman Sachs Once Looked Invincible. Now It’s Losing Money.

Goldman Sachs used to seem invincible. In the fourth quarter, it lost money. The Wall Street firm on Wednesday reported its first quarterly loss since 2011. It was the result of a one-time $4.4 billion charge stemming from the new tax law. But even ignoring that unusual event, Goldman’s weak core results showed how far […]

Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles

Bitcoin’s recent wobbles have given fresh urgency to a question that’s gripped market observers for much of the past year: Will the cryptocurrency go down as one of history’s most infamous bubbles, alongside tulipmania and the dot-com craze? The magnitude of Bitcoin’s boom (before it lost as much as 50 percent from its Dec. 18 […]

Bitcoin tumbles to 6-week low as top cryptocurrencies all sell off

Bitcoin’s spot price was slumping on Tuesday, touching a six-week low near $11,000, as the biggest cryptocurrencies came under pressure across the board. The selloff follows reports that South Korean Finance Minister Kim Dong-yeon said banning trading in virtual currencies was “a live option.” That has added to ongoing worries about a potential crackdown in […]

Dave Morgan: Gold Markets Shifting into Higher Gear in 2018

  We’ve seen gold pass the $1,300 level, and now some are wondering if the yellow metal might be poised to move higher. This time on Financial Sense, we spoke with Dave Morgan of The Morgan Report for his take on precious metals and commodities, and what we might expect to see in the near […]

Soros Pledges Renewed Fight Against ‘Dominant Ideology’ of Nationalism, Says EU ‘on Verge of Breakdown’

The progressive billionaire speculator George Soros has said he will ‘fight back’ against the “dominant ideology” of nationalism, whilst admitting that favoured globalist project the European Union is “on the verge of a breakdown”. Wistfully writing that Soros’s Open Society Foundations (OSF) once ‘epitomised the optimism about the spread of Western-style democracy’ after the fall […]

Dollar Slide Deepens as Euro Strength Saps Stocks: Bloomberg Markets Wrap

Despite the U.S. holiday, the dollar dominated trading on Monday as it headed for a fourth day of declines, weakening against every major currency. The euro’s jump weighed on European stocks, while gold gained.  Bloomberg’s dollar index approached its lowest level in three years as the euro extended gains that have pushed it to the […]

As Gold Hits 3-1/2-Month High, One Expert Says Big Money is Behind Metal

Gold prices were solidly higher on Wednesday as the metal hit a 3-1/2 month high, remaining above the key support level of $1,300 an ounce. Since the U.S. Federal Reserve Rate hike in December, the metal has managed to rally close to 6%. But Peter Hug, global trading director for Kitco Metals, is waiting for […]

Gold hits over four-month high as dollar index slumps to three-year lows

LONDON (Reuters) – Gold prices hit a four-month peak on Monday as the U.S. dollar index slumped to its lowest in three years but analysts warned the greenback’s decline could be short-lived as it was not driven by fundamentals. Spot gold was up 0.3 percent at $1,342.11 an ounce by 1045 GMT after touching its […]

Six of the world’s largest asset managers rule out bitcoin

Six of the world’s largest asset managers have categorically ruled out investing in bitcoin, despite the price of the cryptocurrency jumping from $1,000 at the start of last year to a high of almost $20,000 in December. Schroders, Aviva Investors, Janus Henderson, M&G Investments, Aberdeen Standard Life and Man Group all told Financial News they […]

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