Scotiabank to Close its Metals Business
Scotia was for years the world's biggest lender to the physical precious metals industry, with a history that stretches to 1684.
Read article
Scotia was for years the world's biggest lender to the physical precious metals industry, with a history that stretches to 1684.
Read article
The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.
Read article
Bank of America raised its 18-month gold-price target to $3,000 an ounce, in a report titled “The Fed can’t print gold.”
Read article
Gold exports from Switzerland to the U.S. soared in March as American investors rushed to buy bullion amid the virus-driven panic.
Read article
Central banks continued their gold-buying spree in February, although the pace of gold purchases has slowed compared to last year’s near-record purchases.
Read article
Mining in Mexico has been shut down by government decree until the end of April as part of measures to contain the COVID-19 virus outbreak, having not been granted an exemption as an essential service.
Read article
I'm not sure how accurately the price of gold that I see on my screen reflects the actual demand. The gold market seems split at the moment. While the price is falling, meaning there are more sellers than buyers, everything I read on Twitter is that physical gold is nearly unobtainable.
Read article
Silver continues to put in a laggardly performance relative to gold, but this is not a cause for concern, it is normal at this stage in the cycle, and it gives would be investors in the sector more time to position themselves.
Read article
U.S. authorities that accused six JPMorgan Chase & Co. employees of rigging precious-metals futures are building a criminal case against the bank itself, two people familiar with the situation said.
Read article
Major banks in Lebanon began tightening banking controls this month, halving the amount of dollars depositors are allowed to withdraw every month, despite growing public anger.
Read article
Ray Dalio says ‘cash is trash’ and advises investors to have a certain amount of gold in their portfolios.
Read article
Bridgewater’s co-chief investment officer Greg Jensen told the Financial Times that gold prices could rally to $2,000 an ounce.
Read article
Gold is now a major bullmarket as evidenced by its strong breakout from a giant 6-year long base pattern in August. The larger trend is up. We had thought that it might react back closer to the breakout point before turning higher again, but it didn’t, and started higher again in recent days over...
Read article
Gold’s impressive advance in 2019 -- aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying -- may be set to spill into the new decade.
Read article
Mongolia's central bank announced on Tuesday that it has bought a total of 14.4 tons of gold from legal entities and individuals in the first 11 months of this year.
Read article
Slovakia’s former premier said parliament should force the central bank to bring back the nation’s gold stored in the U.K. as history has shown that allies “can hardly” be trusted.
Read article
Poland brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of nation’s $586 billion economy, central bank Governor Adam Glapinski said.
Read article
Why are banks no longer lending to each other? Are they afraid that collapse is imminent somewhere in the system, as with the Lehman collapse in 2008?
Read article
Global bullion holdings continued to rise in the third quarter of this year, with net purchases up 12 percent compared to last year, according to World Gold Council data.
Read article
Ray Dalio—founder of the world’s largest hedge fund—is sounding the alarm about the state of the global economy. In a blog post titled “The World Has Gone Mad and the System Is Broken,” he argues that zero interest rates, low returns, and growing economic inequality are setting the world up for s...
Read article