economy

The price of gold rose to a one-year peak on Thursday after the dollar tumbled on the back of weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank . . . .

Another government shutdown could be coming down the pike if Congress doesn’t give in to President Trump’s demands for border wall funding. But no matter how the situation plays out, it could be a unique win-win situation for precious metal owners . . . .

Dollars are created as debt. More dollars in circulation = more debt. More debt means consumption is “pulled forward” from the future so consumption can occur now. This usually ends badly . . . .

While some consolidation is inevitable following gold’s breach of the key psychological $1,300 level Friday, analysts wonder if the current rally can be turned into a sustainable price range . . . . 

"Inflate or die” was Richard Russell’s characterization of our economic system and the central bank response to most problems during the past three decades . . . .

Gold held steady today in Asian and European trading and was flat for the week, consolidating near the $1,270 per ounce level and the 2.5% gain seen in July. It remains close to a seven-week high hit this week, as the dollar remains weak and vulnerable near multi-month lows after five consecutive months of declines . . . .

Gold prices rose to a seven-week high on Tuesday, after U.S. economic data showed lukewarm inflation and nearly flat consumer spending, raising the question of whether the Federal Reserve will raise interest rates in the coming months . . . .

Gold picked up more than 2.4% since Monday, July 10, thanks to the fragility of the U.S. dollar. The rising momentum started last week, following the disappointing figure of U.S. CPI and retail sales while this week, U.S. President Donald Trump’s defeat helped it advance further . . . .

Gold is on the way up, says Tom Beck, editor of Portfolio Wealth Global, and sets out several elements investors should look for before buying . . . .

For the US dollar, the past seven months have been a tale of two halves . . . .