Lower Interest Rates Have Just Made The Rich, Richer – Yanis Varoufakis
Current actions by central banks to lower interest rates into negative territory and to buy back public or private debt from commercial banks has done nothing to defeat the great deflation; instead it is making “the rich richer” – said a former finance minister on Monday.
Sales Of New U.S. Homes Rise 12.4% To 654,000 Rate In July
Purchases of new U.S. single-family homes last month rose by 12.4% to a seasonally adjusted and annualized pace of 654,000, according to a Commerce Department report Tuesday.
Read moreTimmins Gold Extends Projected Operations At San Francisco Mine Into 2023
Timmins Gold Corp. (TSX: TMM; NYSE MKT: TGD) says expected operations at the San Francisco mine in the Mexican state of Sonora have been extended into 2023 as a result of a National Instrument 43-101 technical report.
Read moreBMO: ‘We Would Still Be Buyers’ On A Dip In Silver Prices
Analysts at BMO Capital Markets say they would favor buying silver on price dips.
Read moreVery Quiet With A Slight Upward Bias For The Metals
Gold remains range-bound with a slightly higher bias on a moderately weaker dollar.
Read moreGold, Silver Slightly Up On Short Covering, Bargain Hunting
Gold and silver prices are modestly higher in early U.S. trading Tuesday.
Read moreGold Near Steady Amid Summertime Doldrums
World stock markets were mixed overnight. European equities were boosted by an upbeat Euro zone purchasing managers index (PMI).
Read moreGold Falls Marginally As Markets Stay Flat
Gold is down in afternoon trading by about 0.20%. Silver is much weaker, down over 2.00, on lack of industrial demand.
Read moreGold, Silver Weighed Down By Bearish “Outside Markets”
Gold prices ended the U.S. day session weaker but up from the daily low that marked a two-week low Monday. Silver prices finished sharply lower and hit a seven-week low.
Read moreTeam USA Wins Over $11k Worth Of Gold At 2016 Rio Olympics
U.S. athletes continue to make Olympic history, racking up a total of 121 medals in Rio, 46 of which were gold.
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