Gold futures settle at a 3-week high as U.S. economic data pressure the dollar and Treasury yields
Gold prices settled Tuesday at their highest in three weeks, as data showing declines in U.S. consumer confidence and job openings weakened both the dollar...
‘We are buyers of gold on weakness’: Yellow metal resilient as real rates surge, says Morgan Stanley
Gold appears resilient amid the recent surge in real interest rates, presenting a buying opportunity over the intermediate term, according to Morgan Stanley’s wealth-management business....
Gold prices notch a third straight session climb
Gold futures on Tuesday tallied a third straight session climb — the longest consecutive daily rise since mid-July. Moves in the U.S. dollar and Treasury...
U.S. leading index falls for 15th month in a row — and still no recession
The numbers: The leading economic index dropped 0.7% in June, falling for the 15th month in a row, a recession signal if there ever was one....
U.S. retail sales barely rise, pointing to weak spots in the economy
The numbers: Sales at retailers rose a tepid 0.2% in June, reflecting a shift in consumer spending habits and signaling softness in some parts of...
U.S. dollar could soon wipe out all of its post-pandemic gains, Soc Gen strategist warns
The slide in the U.S. dollar in the last eight months could mean that mean all of its gains in the wake of the coronavirus...
Gold should be dead, but somehow it’s still adding value
Why isn’t gold dead yet? It hasn’t served a vital economic function since the government stopped treating it as money back in 1971. Actually, you...
Powell’s Honesty About Inflation Is Rare. Why Markets Need to Be Worried.
It’s highly unusual for the heads of four of the world’s most powerful central banks to hold a public discussion together. That’s what happened on...
DoubleLine’s Gundlach warns stocks are ‘exhibiting signs of a mania’
“ “The stock market, frankly, is exhibiting signs of a mania, where you have a very concentrated part of the market’s that driving the entire...
Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks
““I do think that there will be issues with respect to commercial real estate.”” — Treasury Secretary Janet Yellen, in an interview Wednesday with CNBC’s...