U.S. Regulators Fail ‘Living Wills’ at Five of Eight Big Banks

Five out of eight of the biggest U.S. banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday. The banks have until October 1 to resubmit their plans with serious “deficiencies” corrected, or face stricter regulations, like higher capital requirements or…

U.S. Regulators Fail 'Living Wills' at Five of Eight Big BanksDetails

Will Gold Continue to Shine?

The price of gold glittered in early 2016, soaring 17 percent in the first quarter and trouncing returns in major stock and bond indices. Global investors pumped money into the gold market, a traditional safe-haven investment, early in the year as equity markets crashed in a short-lived correction. Stocks have since recovered, but gold hung…

Will Gold Continue to Shine?Details

Gold Strikes Highest in almost Three Week, Boosted by Rate Outlook

Gold prices shot to their highest in almost three weeks on Monday, setting the market on a steady course toward $1,300 per ounce, drawing confidence from an ultra-low interest rate environment. Weak economic data and uncertainty over U.S. monetary policy has contributed to risk aversion, boosting investor appetite for bullion and other assets perceived as…

Gold Strikes Highest in almost Three Week, Boosted by Rate OutlookDetails

Gold Price Rises in London

Gold strongly reversed its fortunes in London Thursday, buoyed by safe-haven demand following the outcome of an EU referendum in the Netherlands and a weaker dollar. Spot gold was up 1.3% at $1,238.20 a troy ounce in midmorning European trade, having hit a five-day high earlier in the session at $1,239.65 an ounce. Dutch voters…

Gold Price Rises in LondonDetails

Investors Are Still Betting Big on Gold. What Do They Know That You Don’t?

The stock market may be back on track, but nervous investors are still showering gold with tons of love. An impressive $13.4 billion was poured into gold assets over the past 11 weeks, according to Bank of America Merrill Lynch. That’s the largest sustained weekly inflow for gold since during the 2009 financial crisis. Gold…

Investors Are Still Betting Big on Gold. What Do They Know That You Don't?Details