Federal Reserve
Gold settles higher as economy and U.S.-China trade stay in focus
Fed’s Powell remains optimistic on U.S. economy Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery GCZ19, +0.15% on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December silver SIZ19, +0.76% edged 15 cents higher to $17.04 an…
Read MoreGLENN BECK SOUNDS ALARM ON U.S. ECONOMY, SAYS REPO MARKET OPERATIONS A SIGN THAT ‘SOMETHING IS VERY WRONG’ WITH FINANCIAL SYSTEM
[vc_row][vc_column][vc_column_text] The conservative pundit Glenn Beck spoke gravely of the American economy during his BlazeTV show on Thursday, warning that “something is very wrong” with the financial system after the Federal Reserve stepped in to support the short-term lending market. Beck, who has a reputation for hyperbole and a history of peddling conspiracy theories, flagged…
Read MoreHere are 5 things to know about the recent repo market operations
Chaos in short-term funding markets this week led the Federal Reserve to step in with a series of overnight rescue operations to help keep credit flowing through the financial system. Here are five things to know about gyrations in overnight lending rates, which several times in the past week spiked to almost 10%. The strain…
Read MoreGold prices could reach $2,000 by the end of the year, strategist says
By Stella Soon/CNBC Gold prices are set to “reach $2,000 by the end of the year,” predicts David Roche, president and global strategist at London-based Independent Strategy. Roche recommends investors hold gold in their portfolios, alongside some European fixed income and U.S. Treasurys. Gold prices can continue to climb even after they hit a multi-year…
Read MoreScarred by the Great Recession, Americans are already preparing for the next economic storm
‘Consumers that think the economy is weak will spend less and business owners that think the economy is weak won’t hire more people’ Americans’ view of the strong U.S. economy appear to be increasingly heretical. One-third of people have cut their spending over the last year, new research released Monday found. Of those, 5% said…
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