Precious metals news

As China's foreign exchange reserves threaten to tumble below the critical $3 trillion mark, the biggest fear for investors is not whether Beijing can continue to defend the yuan but whether it will set off a vicious cycle of more outflows and currency depreciation.

Is a universal basic income the answer to robot-induced joblessness?

A councillor has backed a universal basic income in Scotland because he says it is the best way to tackle poverty.

Putting the exclamation point on a trend that has marked Obama's entire presidency, in the final Obama jobs report, the BLS announced that the total number of people not in the labor force grew once more, rising by 18,000 in December, and a whopping 841,000 in the past three months, to a new all time high of 95.102 million Americans no longer in the workforce.

With Wall Street expecting a 178K payrolls print for president Obama's final full monthly December jobs report, the headline December nonfarm payrolls increase of just 156K is likely to disappoint.

Paul called the Reserve’s meddling in the free market an “unchecked,” & “arguably unconstitutional” venture.

It is the bills of domination that the government should be banning, not merely the bills of denomination.

A Second Court Rules That Pension Benefits Can Be Reduced

It is only a matter of time until Venezuela will default on its foreign debt. After a short peak in 2009, when the country’s foreign exchange reserves stood at over $40 billion

Because Australia has convened a commission to terminate the $100 bill, in the wake of the currency being cancelled overnight in India, there is a growing

After an EPIC move over the past month bringing Bitcoin prices within spitting distance of the price of gold, Bitcoin fell dramatically on Thursday...

gold futures & options average daily volume was up 51% year on year to 279,000 contracts, while silver futures & options average daily volume was up 45% to 80,000 contracts

Gold on Friday hovered near one-month highs touched the session before, with traders waiting for U.S.jobs data later in the day for clues on the pace of possible U.S. interest rate hikes in 2017.

Greg Hunter of USAWatchdog.com gives his analysis on the past week's top stories in the Weekly News Wrap-Up 1.6.2017

This is the year inflation worries could begin to simmer for the first time in ages.

Koos Jansen, perhaps the West's foremost expert on Chinese gold demand breaks down the PBOC's Gold Policies:

A first-hand whistle-blower account of how Deutsche Bank, HSBC and UBS perverted the course of justice, and the judges in the UK who helped them.

The assault on gold is by no means casual...

Dan Kurz is a CFA with over two decades experience working in Zurich, Switzerland as a thematic strategist for Credit Suisse CIO Office. Dan’s site, DK Analytics, offers deep and broad analysis at the macro and micro level.

Gold per troy ounce (toz or oz) in $ terms has slumped by a whopping 11% since the November 8, 2016 election. The dollar’s trade-weighted value, meanwhile, has risen by 4% over the same period, while the value of the 10-year Treasury has fallen by a considerable 6% and the S&P 500 has rallied by 6%. What happened? In a nutshell, perception changed. Traders bet on more fiscal stimulus-based growth, lower corporate taxes, higher federal deficits, higher nominal interest rates, and higher inflation, so stocks went up, bonds went down, and the buck went up.

Status as one of the world’s biggest bullion importers, participation in the gold fix at the London exchange and a plan to establish a jewelry gold investment center in Shanghai has turned China into one of the leading players in the global gold market in 2016.