The REAL Reason the South Lost the Civil WarAs the cannons roared at the outset of the Civil War, and the Union and Confederacy armies marched for battle – an equally fierce economic battle raged behind the scenes. To fund the war effort, both the Union and the Confederacy introduced their own currency in a financial arms race. In this edition of [...] READ MORE Danish heirs to sell US$72 million rare coin collection after 100 yearsA Danish gold Sovereign of King Christian IV dated 1608. Source: Stack's Bowers The descendants of the Danish butter magnate Lars Emil Bruun waited exactly 100 years to claim their now US$72 million inheritance. Not by choice. At least one grandchild reportedly tried and failed to break Bruun’s will, which specified that his 20,000-piece [...] READ MORE Dollar touches new 34-year peak vs yen on US rate outlookEuro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration. Summary Markets on lookout for Japan intervention on dollar/yen Investors looking to BOJ meeting on Friday Easing Mideast tensions temper dollar's gains Focus on U.S. GDP, inflation numbers NEW YORK, April 22 (Reuters) - The [...] READ MORE U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopesKEY POINTS U.S. crude oil moved higher to nearly $83 a barrel. WTI briefly dipped below the 50-day moving average of $81.22 earlier in the session. Oil prices turned higher as traders see slowing manufacturing activity as support for the Federal Reserve cutting interest rates this year. The market has largely dismissed the threat of [...] READ MORE Speculative froth departing gold as China tightens trading conditionsNot all buying is equal and that is becoming apparent to gold. Arguably the physical buying interest from central banks as well as Chinese retail purchases underpinning the market could count as some of the highest quality in that neither is likely to return to the market irrespective of the price action. The [...] READ MORE Gold Tumbles as Haven Demand Wanes Amid Easing War RisksBullion plummets after the best run of weekly gains since 2023 Traders look ahead to US price data for monetary-policy clues Gold remains more than 15% higher so far this year, with gains supported by central-bank buying and demand from Asia, especially China. Gold took a tumble as haven demand waned after geopolitical tensions eased [...] READ MORE People in China are so spooked about the economy that even the weak yuan isn’t stopping them from buying more goldGold prices have hit record highs on the back of strong demand from China's consumers and central bank. Gold prices have hit record highs, thanks to global uncertainties and expectations of central bank rate cuts. China's consumers and its central bank are snapping up gold, even as a falling yuan makes the metal pricier. Other [...] READ MORE Zimbabwe’s new gold-backed currency, the ZiG, is on a rollBacked by gold and foreign currencies, Zimbabwe’s fledgling currency has steadily risen in its debut week of trading, with an outsize gain on Thursday. After launching on Monday at $13.56 to the U.S. dollar, the Zig or Zimbabwe Gold, and was trading at $13.45 on Thursday, according to the Reserve Bank of Zimbabwe’s website. That marks […] READ MORE S&P 500 heads for worst month since 2022 as bond yields jump on inflation fearsInvestors, worried that the easing of inflation in the U.S. has stalled, are eyeing the recent rise in oil prices. The U.S. stock market’s bull run has hit a rough patch, as bond yields spiked this month on fears that a robust economy is helping to keep inflationary pressures alive. The S&P 500 SPX [...] READ MORE « Previous 1 … 16 17 18 19 20 … 79 Next »