Why gold still has a shot to reach a record high this year
Investors tried and failed earlier this month to lift gold prices to a fresh record high and even the risk of a U.S. debt default...
Gold prices at lowest since March as dollar rises and U.S. debt-ceiling deal looks ‘doable’
Gold futures settled at their lowest level since late March on Thursday, pressured by a stronger U.S. dollar and hopes for a deal to raise...
Gold scores back-to-back gains ahead of U.S. inflation readings this week
Gold prices scored back-to-back gains on Tuesday, with the yellow metal moving closer to its settlement last Thursday which marked the second-highest finish for a...
Why Washington and Wall Street are worried about the ‘de-dollarization’ threat
A “de-dollarization” mania is gripping Washington and Wall Street. Wall Street analysts, corporations, policy wonks and others are trying to ascertain whether there is any...
Big question with dollar under fire from rival countries and currencies: What happens to markets if the greenback loses its dominance?
The International Monetary Fund, not the Bank for International Settlements, added China’s yuan to its Special Drawing Rights basket. This story has been corrected. Probably...
Gold futures mark their second highest settlement on record
Gold futures climbed sharply on Thursday, with a weaker U.S. dollar and expectations that the Federal Reserve may cut interest rates this year lifting most-active...
Gold futures settle above $2,000 an ounce for a sixth session in a row
Gold futures advanced on Tuesday, with the most-active futures contract on track to settle above the $2,000 level for a sixth straight session, as a...
Fed’s Bullard doesn’t see a looming credit crunch that would push economy into a recession
In the wake of the collapse of Silicon Valley Bank, conventional wisdom has been that banks will cut lending, known as a credit crunch, that...
‘We are going to see parts of the economy break’: Recession fears move back to the forefront of markets
Investors are reconsidering the risk that the U.S. economy could be about to tip into a recession, following data this week which revealed the red-hot...
First wave of deposit outflows is nearly over but a second has started: analyst
The federal government’s efforts to backstop the banking system, and deals found to put SVB Financial and Signature Bank in new ownership, seems to have...