Gold prices jumped Friday after U.S. jobs data came in far lower than expected, signaling continued sluggish economic growth and easing expectations of an interest-rate increase this year—adding up to a bullish backdrop for safe-haven assets such as precious metals. Gold prices were down nearly 1% earlier in Friday’s trading session but reversed losses after…
Gold Prices Jump after Weak U.S. Jobs DataDetailsWhile investing in gold and the overall mining sector is difficult, one precious metals investor says that the sector is on the verge of entering another bull market. Sunday, to kick off the 2015 Denver Gold Forum, Adrian Day, president of Adrian Day Asset Management, said in his keynote address that in every major decline…
Adrian Day: Long-Term Rallies Have Followed Last Five Major Gold Market DeclinesDetailsThe outlook for the global economy has weakened slightly and become less certain in recent months as ripples from China outweigh an improvement in the U.S., the Organization for Economic Cooperation and Development said Wednesday. In the latest update to its economic forecasts, the Paris-based research body zeroed in on the slowdown in China as…
OECD Lowers Global Economic ForecastDetailsThe US Federal Reserve risks triggering “panic and turmoil” in emerging markets if it opts to raise rates at its September meeting and should hold fire until the global economy is on a surer footing, the World Bank’s chief economist has warned. Rising uncertainty over growth in China and its impact on the global economy…
World Bank Chief Economist Warns Fed to Delay Rate RiseDetailsGold’s many qualities make it one of the most coveted metals in the world. Not only can it be beautifully shaped and sculpted, the yellow metal also conducts electricity, doesn’t tarnish and is biocompatible (meaning it’s not harmful to our tissue). These qualities make it the metal of choice in a wide variety of industries,…
The Many Uses of GoldDetailsChina’s slowdown and a host of other downside risks threaten to push the global economy into much deeper trouble without concerted action by the world’s largest economies, the International Monetary Fund warned Wednesday. “Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook,” the…
IMF Says China Slowdown, Other Risks Threaten Global OutlookDetailsThe word of the week for investors was “sell.” Mom and pop investors are dumping their investments and moving to cash at levels not seen since the financial crisis of 2008. It’s an “investor revolt,” is how Credit Suisse characterized it. Normally when investors panic about stocks falling, they sell stocks and buy bonds, which…
Investors Dump Stocks at Record PaceDetailsThe New York Stock Exchange invoked the little-used Rule 48 to pre-empt panic trading at the stock market open for the third day in a row on Wednesday. In a historic move, the exchange used the rule before Monday’s open following a dramatic drop in pre-market open futures, including the Dow Jones Industrial Average futures…
The Little-Used NYSE Rule That Can Tame a Wild MarketDetailsChina stocks closed sharply lower Tuesday but the damage was largely contained with most major world markets staging a recovery from Monday’s selloff. The benchmark Shanghai Composite declined 7.6%, while the smaller Shenzhen Composite shed 7.2%. The Shanghai index has now crashed 42% from its June 12 peak. After Chinese markets closed, Beijing launched new…
China Stocks Crash Again but Global Markets RecoverDetails[vc_row][vc_column][vc_column_text]THE golden coin’s message is as revolutionary as this city gets these days: Put aside revered dead presidents and contemplate Sacagawea, the Shoshone woman who courageously guided Lewis and Clark in the 19th-century expedition that redefined America. In the clever marketing hands of the United States Mint’s director, Philip N. Diehl, a popular demand for…
PUBLIC LIVES: Sharing a Nation's History and Culture, a Coin at a TimeDetails[vc_row][vc_column][vc_column_text] Greater risk of instability can only increase the precious metal’s luster. By Philip Diehl Aug. 13, 2013 12:55 p.m. ET Concerns are rising that the Chinese economy is headed for a hard landing. That would have implications for many markets, not least for gold. Conventional wisdom holds that a slowdown in China will reduce demand…
China Turns to GoldDetailsI had a bit of fun with the platinum coin plans on MSNBC Monday night: Tuesday morning, I got an e-mail from Philip Diehl, the former Mint director and Treasury chief of staff who, with Rep. Mike Castle, wrote the platinum coin law and oversaw the minting of the first coin authorized by the law.…
Former Head of U.S. Mint: The Platinum Coin Option would WorkDetailsYou have been signed up for price alerts for this product.
