Should You Be Concerned About Bank Runs? Maybe
Fears of a banking crisis and memories of the 2008 financial crisis are being whispered about on Wall Street today. Hedge funds are reportedly pulling billions out of the German bank Deutsche Bank amid concerns about the lender’s stability this week.
Read moreWall, Main Street See Steady To Higher Gold Amid Bank Concerns
Market jitters about Deutsche Bank have Wall Street and Main Street respondents in the weekly Kitco survey looking for gold to trade steady to higher next week, with bears about as rare as a grizzly strolling down a sidewalk on Manhattan Island.
Read moreGold Slips From Daily High On Upbeat Chicago PMI Data, Weakening U.S. Dollar
Gold prices have moved back to near unchanged levels on the day, in morning U.S. trading Friday.
Read moreGran Colombia Gold Resumes Operations in Segovia; Strife Ends
Gran Colombia Gold Corp. (TSX: GCM; OTC PINK: TPRFF) reports resuming Segovia operations after civil strife was resolved by talks between national and regional governments.
Read moreGold Up On Safe-Haven Demand, But Stronger U.S. Dollar Limits Upside
Gold prices are modestly higher in early U.S. trading Friday. Silver prices are solidly higher on the day.
Read moreBanking Crisis May Develop In Europe
continue to argue that the metals complex remains constructive and dips should be seen as opportunities to enter the market.
Read moreUBS ‘Positive’ On Gold As Real Interest Rates Remain Low
UBS remains upbeat on gold even if the Federal Reserve hikes interest rates yet this year, commenting that the key is “real” rates rather than nominal rates.
Concerns About “Run” On Germany’s Deutsche Bank Unnerve Financial Markets Worldwide
(Kitco News) – The focal point of the marketplace late this week is news reports that 10 hedge funds have either lowered their ratings on, or pulled money away from, the big German bank, Deutsche Bank
India Gold Demand Improving But Not Where It Needs To Be – Platts
(Kitco News) – The start of the fourth quarter is seasonally important for the physical gold market, but although this sector has improved, there are still signs of lackluster demand, according to one research firm.
Read moreSecret Alpine Gold Vaults Are the New Swiss Bank Accounts
Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world’s largest stashes of gold. The entrance, protected by a guard in a bulletproof vest, is a small metal door set into a granite mountain face at the end of a narrow country lane. Behind two farther doors sits a 3.5-ton metal portal that opens only after a code is entered and an iris scan and a facial-recognition screen are performed. A maze of tunnels once used by Swiss armed forces lies within.