An ominous rumor is circulating online: July 1 will see the complete collapse of the United States dollar, because of a bill called H.R. 2847.
A survey from Luxembourg Income Study Database (LIS) has made headlines this week from an article in the New York Times.
Friday's US payroll numbers revealed a key milestone for the US labour market.
The Federal Reserve used their policy announcement and the press conference following the announcement to alter their method of forward guidance.
Bloomberg reported on a study this past week that points to decades of manipulation in the gold market.
There is a stark difference in the financial world today than a few year’s prior.
To suggest that the Canadian Federal Government is pushing a weak dollar policy must imply than that in years past they too were opting for a stronger Canadian dollar. At the least the price of the Canadian dollar would suggest that, but unfortunately its nonsense.
A RISING DOLLAR and stronger stock markets saw the price of gold drop 1.2% Tuesday afternoon in London, taking the metal towards the brief low hit by Monday's "flash crash" after much better than expected US data.
LAST WEEK's losses of 3.6% in gold were extended Monday morning, with silver also falling again as world stock markets rose yet again.
Are Silver or Gold purchases reported to the IRS or the government?
Gold has long been considered a hedge against inflation. But some fans also think it offers protection against volatile markets.
When an asset like gold gets hammered in the marketplace, it’s only natural that investors start looking for a rebound. That’s the premise of a recent article by Jonathan Yates in Benzinga.com, a financial website that focuses on global markets.
Gold’s price has fallen sharply this year, but individual investors bought more bullion in October than they did in the past six months. Is that a bullish sign?
WHAT one trader called "very dull" trade saw gold trade unchanged from last Friday's finish of $1317 per ounce lunchtime in London.
LONDON wholesale gold was unchanged Tuesday lunchtime from yesterday or from last week's finish at $1317 per ounce, as European shares again defied a drop in Asian stock markets to tick higher.
The Greenback Is The Biggest Loser In The D.C. Default Threat
"It is perhaps a good time for the befuddled world to start considering building a de-Americanized world." That's what China's state-owned Xinhua news agency wrote Oct. 13 in expressing frustration over the U.S. government shutdown and debt-ceiling gridlock.
WHOLESALE trade in London left the price of gold sitting at last week's finish of $1317 per ounce Monday morning, as European shares rose with government bond prices but commodities slipped.
WHOLESALE prices of gold and silver extended yesterday's sharp falls in London trade Thursday morning, as world stockmarkets also fell following the US Federal Reserve's latest policy statement.
BOTH gold and silver rose Wednesday lunchtime in London, as the day's widely-expected "no change" decision from the US Federal Reserve was preceded by weak US data.
The PRICE of London settled gold bounced to $1348 per ounce Tuesday morning, halving an earlier 0.9% drop after China's most active gold contract closed below that world benchmark for the first time in 2013.
WHOLESALE London prices of gold sat tight Monday morning, holding onto Friday's 6-week closing high as European stockmarkets failed to continue a rise in Asian shares.
The PRICE of wholesale gold slipped but held near 1-month highs Friday morning in London, heading for the strongest week-on-week gain since mid-August at $1343 per ounce.
The PRICE of gold gained $10 per ounce in London trade Thursday morning, gaining 2.2% for the week so far to trade at $1346 as several analysts said they were "turning bullish".
WHOLESALE gold held in a tight $5 range Tuesday morning in London, drifting around $1315 per ounce ahead of delayed data on US unemployment.
The PRICE of gold was unmoved Monday morning in London, trading barely 25c higher at $1317.50 per ounce as European stock markets also halted their rise, holding global equities near 5-year highs.