The Daily Market Report: Gold Consolidates, Awaiting Clarity on Several Fronts

USAGOLD/Peter Grant/10-25-17 Gold continues to consolidate in the recent range as the market seeks some clarity on Fed succession and ECB policy. The former is reportedly unlikely to happen this week, while the ECB will announce policy tomorrow. The short list for the next Fed chair includes John Taylor, Jerome Powell and a reappointment of

Silver Price Is Spiking & Gold Pushing Higher On The 30th Anniversary of Black Monday

Silver is gaining ground to get back above $17.30. Gold is battling $1290 and poised to retake $1300 on this 30th anniversary of Black Monday…The intra-day “bull flag” formed in silver: Here’s a closer look at silver with good volume: Which makes us wonder if this short-term bottom is in? Here’s gold on the 3

The Daily Market Report: Gold Defensive as Markets Continue to Ruminate on Next Fed Chair

USAGOLD/Peter Grant/10-18-17 Gold is maintaining a defensive tone as markets continue to ruminate over who might be the next Fed chair. Amid news that some perceived policy hawks are in the mix, worries over the implications for the ‘slow and steady’ policy normalization stance has lifted yields and the dollar, weighing on the yellow metal.

Australian Fintech Startups Want a Central Bank Digital Currency

Multiple banks are actively contemplating the idea of creating their own digital currencies. Surprisingly enough, Australia is one of the places where such efforts may take off sooner rather than later. A digital dollar makes some sense to the Australian fintech sector, although it remains to be seen if this venture will be officially pursued in the end.