Dollar sinks below 132 yen as traders boost recession bets

Dollar sinks below 132 yen as traders boost recession bets

LONDON — The U.S. dollar declined to its lowest level in more than six weeks against the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession. With traditional market gauges of recession such as yield curve spreads pinned near their lowest levels…

Writing Checks They Can't Cash: SchiffGold Friday Gold Wrap 07.08.22

Writing Checks They Can’t Cash: SchiffGold Friday Gold Wrap 07.08.22

The Federal Reserve is putting on quite the tough guy act. Everybody is convinced the central bank is going to keep up the inflation fight even if the economy gets shaky. In this episode of the Friday Gold Wrap podcast,…

Dumping Water on a Drowning Man: SchiffGold Friday Gold Wrap 06.24.22

Dumping Water on a Drowning Man: SchiffGold Friday Gold Wrap 06.24.22

They tried to deny it for months, but now everybody knows we have an inflation problem. The president, Congress and all of the central bankers at the Fed are trying to find ways to solve this problem. But as host…

Gold prices gain as dollar weakness lifts appeal

Gold prices gain as dollar weakness lifts appeal

Gold prices rose on Monday as the U.S. dollar weakened, but recent gains are unlikely to stave off another monthly fall for greenback-priced bullion. Spot gold was up 0.4% at $1,860.77 per ounce, as of 0451 GMT. U.S. gold futures also climbed 0.4% to $1,865.00. “With the three-day holiday in the United States…

Dollar towers at two-decade high on growth woes, Fed outlook

Dollar towers at two-decade high on growth woes, Fed outlook

SINGAPORE — The dollar held firm at a 20-year high on Friday and was poised to score its best monthly gain in a decade, buoyed by bets on rising U.S. interest rates and doubts about growth in Europe and China. The latest uptick was thanks to the Bank of Japan…

Dollar ascends on China COVID fears, Fed rate hike pace

Dollar ascends on China COVID fears, Fed rate hike pace

Dollar ascends on China COVID fears, Fed rate hike pace

Dollar index back above 100 ahead of expected red-hot U.S. inflation data

Dollar index back above 100 ahead of expected red-hot U.S. inflation data

Dollar index back above 100 ahead of expected red-hot U.S. inflation data

Can Jerome Powell and the Fed Bully Inflation? SchiffGold Friday Gold Wrap 03.25.22

Can Jerome Powell and the Fed Bully Inflation? SchiffGold Friday Gold Wrap 03.25.22

The Fed threw a pretty weak first punch at inflation with a quarter-point interest rate hike last week. But Fed Chair Jerome Powell followed up with some tough talk this week. The question is what will he do when the…

A Monetary Jenga Game: SchiffGold Friday Gold Wrap 02.04.22

A Monetary Jenga Game: SchiffGold Friday Gold Wrap 02.04.22

With little fanfare, the national debt crossed the $30 trillion threshold this week. That is an unfathomable number. And as host Mike Maharrey explains in this week’s Friday Gold Wrap podcast, it’s worse than that. Most people aren’t concerned. Maharrey…

Hopes and Prayers Economic Policy: SchiffGold Friday Gold Wrap 12.14.22

Hopes and Prayers Economic Policy: SchiffGold Friday Gold Wrap 12.14.22

December gave us another big jump in consumer prices. But despite a lot of talk about an inflation war, accommodative monetary policy remains in play. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the…

Peter Schiff Explains the REAL Reason Gold Hasn't Gone Up and Why It Ultimately Will

Peter Schiff Explains the REAL Reason Gold Hasn’t Gone Up and Why It Ultimately Will

Inflation is through the roof. So, why isn’t gold rising? We hear this question over and over again. In this video, Peter Schiff gives you the answer and explains why the markets will eventually wake up to their misperception. __________________________…

Dollar stagnates as traders wait on Powell for policy hints

Dollar stagnates as traders wait on Powell for policy hints

Dollar stagnates as traders wait on Powell for policy hints

Canadian dollar seen higher if global economy copes with COVID variants

Canadian dollar seen higher if global economy copes with COVID variants

TORONTO — The Canadian dollar is expected to strengthen over the coming year as global economic recovery continues from the COVID-19 crisis but gains for the currency could be kept in check by Federal Reserve interest rate hikes, a Reuters poll showed. The median forecast in a Reuters poll was for the Canadian dollar to…

Another year of dollar dominance ahead as the Fed lifts rates: Reuters poll

Another year of dollar dominance ahead as the Fed lifts rates: Reuters poll

Another year of dollar dominance ahead as the Fed lifts rates: Reuters poll

The Big Story: SchiffGold Friday Gold Wrap 12.31.21

The Big Story: SchiffGold Friday Gold Wrap 12.31.21

We’re on the cusp of a new year. We certainly had a wild ride in 2021 with continuing coronavirus drama, inflation that turned out to be not so transitory, and a record-breaking stock market bubble. So, what was the biggest…

Ask Mike Anything: Friday Gold Wrap 10.22.21

Ask Mike Anything: Friday Gold Wrap 10.22.21

In this episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listener questions. Some of the topics covered include bitcoin, fractional reserve banking, the silver/gold ratio, gold as a safe haven, precious metals in a crisis, and more.…

A Lack of Self-Reflection: SchiffGold Friday Gold Wrap 10.08.21

A Lack of Self-Reflection: SchiffGold Friday Gold Wrap 10.08.21

Inflation continues to run hot. Even some of the folks over at the Fed are having a hard time peddling the “transitory” inflation narrative. But politicians and government officials lack the skill of self-reflection. As a result, they can’t clearly…

The Headline I'd Write: SchiffGold Friday Gold Wrap 09.24.21

The Headline I’d Write: SchiffGold Friday Gold Wrap 09.24.21

The Federal Reserve wrapped up another FOMC meeting with a whole lot of talk and very little action. Interest rates remain at zero and quantitative easing continues unabated. The mainstream headlines are all focusing on the prospect of QE tapering.…

Government Wrecks Everything It Touches! SchiffGold Friday Gold Wrap 09.10.21

Government Wrecks Everything It Touches! SchiffGold Friday Gold Wrap 09.10.21

The government is always promising to fix things. It has policies to fix the economy, fix foreign countries, and even fix the pandemic. But as Friday Gold Wrap podcast host Mike Maharrey explains in this episode, instead of fixing things,…

Dollar pinned as Powell plods toward tapering

Dollar pinned as Powell plods toward tapering

Dollar pinned as Powell plods toward tapering