Precious metals news

The interest rate banks charge each other to borrow dollars for three months rose above 1 percent on Wednesday for the first time since May 2009 as global rates extended their climb on expectations of accelerating growth and inflation.

Its that time of year (turn of the year) when mortgage applications hit the lowest level of the year.  But the last report of mortgage refinancings from the Mortgage Bankers Association (MBA) just hit the third lowest level during the Obama era. We are experiencing the secon largest surge in mortgage rate during the Obama…

From goods leaving the factory floor in China’s industrial towns to gasoline at the pump in Europe and America, prices that stayed low for years are finally going up. So that’s a good sign, right?

A Japanese sushi chain boss has bid a winning

Two different events on Wednesday highlighted the battle plans for Democrats and Republicans in the fight over Obamacare.

Guy Standing was considered 'crazy' when he advocated UBI in the 80s. Now the idea is attracting support from politicians, Nobel Prize Winners, and...

There's only one exchange rate that really matters.

"The market is increasingly convinced Donald Trump wasn't kidding around about tackling Mexico," one analyst says.

China's yuan climbed at its fastest pace against the greenback in a year in offshore trade Thursday, despite capital outflow concerns.

Sears will close dozens of Sears and Kmart stores in early 2017. Here's a list of stores that will shut down.

Macy's said in August that it would close 100 locations. Here is a list of 68 stores it is shuttering.

We’ve now seen India and Venezuela move heavily to get rid of cash.  And, we’ve seen Europe and the US talk about removing their largest denomination bills as well. If […]

December's total was 42 percent higher than the same month last year, but this year's total cuts fell 12 percent.

The country is suffering from triple-digit inflation, Soviet-style production shortages and increasing street protests.

With geopolitical risks on the rise and bitcoin at a record high, boosters are championing the crypto-currency as a rival to safe-haven gold.

Gold rose to its highest in four weeks on Thursday as the U.S. dollar stepped further away from a 14-year peak.

Technical analyst Jack Chan looks back on the precious metals and energy markets in 2016, as well as forward into 2017.

The greenback fell by the most since Donald Trump won the U.S. presidential election as the Federal Reserve’s meeting minutes showed uncertainty over how his policies would impact the pace of interest-rate increases, while a yuan rally exacerbated the dollar selling.

Oil prices rose and the dollar weakened Wednesday as gold futures maintained a three-week high even as the release of FOMC minutes seemed to suggest a more aggressive rate hike schedule was being considered, according to MarketWatch.
After its vote last month to raise the Federal funds rate 25 basis points, the Fed estimated three quarter-point rate increases for 2017. However, the FOMC minutes suggested there were a “number of risks” that would necessitate a “different path of policy” than they expected. One of those “risks” was clearly Trump’s stimulus plan, and the “uncertainty regarding fiscal and other economic policies.”