Jun12016
Eerily red stock market board with plunging error, indicating potential global recession

‘Act now or risk another deep downturn,’ OECD warns policymakers

Global policymakers have been warned by the Organisation for Economic Co-operation and Development (OECD) to “act now” to prevent “persistent and sluggish growth” and another economic downturn as it downgraded its global growth forecasts. In the OECD’s latest economic outlook published on Wednesday, the organization said that global growth had “languished over the past eight…

'Act now or risk another deep downturn,' OECD warns policymakersDetails
Headline Gold News, Headline Gold News Featured
May232016
Red arrow, red globe, and litany of red stock market numbers indicating stocks down

Yale’s Robert Shiller: No Regulation Can Stop Next Global Financial Crisis

Yale University Economics Professor and Nobel Laureate Robert Shiller warns that no amount of regulation can really protect the world from the next financial crisis because human nature is unpredictable. “The international regulatory framework has changed for the better since 2008, but no such changes can anticipate all the kinds of change in narratives that…

Yale's Robert Shiller: No Regulation Can Stop Next Global Financial CrisisDetails
Headline Gold News
May172016
Chinese flag draped across stacks of gold bars

China to Buy $90 Billion Gold Vault in London

China is buying one of London’s biggest gold vaults. The Chinese state-owned ICBC Standard Bank (IDCBF), the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London. The deal will boost China’s access to London’s gold market, and expand the country’s role in the…

China to Buy $90 Billion Gold Vault in LondonDetails
Headline Gold News
May172016
Three 1000 gram gold bars and Chinese flag

China to Buy $90 Billion Gold Vault in London

China is buying one of London’s biggest gold vaults. The Chinese state-owned ICBC Standard Bank (IDCBF), the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London. The deal will boost China’s access to London’s gold market, and expand the country’s role in the…

China to Buy $90 Billion Gold Vault in LondonDetails
Headline Gold News
May32016
Withdrawal slip and various denominations of cash, as customer withdraws cash from bank

Buffett: I Might Consider Taking Money Out of Banks If They Charge for Deposits

With persistently low interest rates around the globe, billionaire investor Warren Buffett told CNBC on Monday he’d consider taking money out of banks, especially if negative interest rates result in customers being charged to park their money in accounts. “There could be a point where you’d really want to start withdrawing currency,” Buffett said in…

Buffett: I Might Consider Taking Money Out of Banks If They Charge for DepositsDetails
Headline Gold News
May22016
Gold bar chart, red and blue line chart, and stock market prices

Gold Pushes through $1,300 as Dollar Suffers Anew

Gold gained for a sixth straight session on Monday, pushing through the psychologically significant $1,300-an-ounce line, as the dollar remained depressed against chief rivals. Precious metals on Friday posted their highest settlements since January 2015, as a slump in the greenback to its lowest level in about 11 months coaxed investors toward dollar-denominated commodities, including…

Gold Pushes through $1,300 as Dollar Suffers AnewDetails
Headline Gold News
Apr252016
Gold arrow and compass pointing towards debt, illustrating China's debt load reaching a record high

China Debt Load Reaches Record High as Risk to Economy Mounts

China’s total debt rose to a record 237 per cent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn. Beijing has turned to massive lending to boost economic growth, bringing total net debt to Rmb163tn ($25tn) at…

China Debt Load Reaches Record High as Risk to Economy MountsDetails
Headline Gold News
Apr192016
Gold coin prices climbing against backdrop of stock market forecasts

Gold’s Best Forecasters See Rally Resuming on Rates Caution

Gold, one of this year’s best performing assets, has room to extend its advance, according to top-ranked forecasters, even as the rebound shows signs of losing steam. Capital Economics Ltd. and Cantor Fitzgerald LP are bullish as real interest rates will probably stay low even if the Federal Reserve raises borrowing costs in response to…

Gold's Best Forecasters See Rally Resuming on Rates CautionDetails
Headline Gold News