The Federal Reserve, or “the Fed” as it is more commonly known, is the central bank system of the U.S. Nearly every country has a central bank, which started appearing in Europe in the 18th century and became common in the 19th century. 1 2 Congress created the U.S. Fed with the Federal Reserve Act of 1913 and has… Read more »
Silver prices stayed close to the $17 threshold last week. Aftermarket trading caused a small uptick in silver prices on Monday morning, but selling sent the price to $16.97 by the close. The ongoing action resulted in Tuesday’s opening of $16.74. Some of this price was recovered as the market prepared for the report from the… Read more »
The gold market opened on Monday at $1,267.36, and sellers and buyers matched each other in a narrow range of quotes before the close of $1,265.51. Aftermarket activity resulted in a lower opening, shaving off three dollars to $1,262.01. More buying improved this price, rising steadily to $1,267.16 before closing pennies lower at $1,266.42. Another strong opening… Read more »
Countries around the world used a concept now called quantitative easing to control damage from the 2008 economic meltdown. This process is actually part of the evolving theory of using monetary policy to regulate economies, and is largely an experiment relying on the availability of fiat currency. The end result of this experiment in market… Read more »
A number of political and economic factors influence gold prices. Government actions play a major role in precious metals market trends. A nation’s monetary policy, or management of interest rates and the money supply, has a significant impact on the market. In recent years, U.S. monetary policy has proven bullish for gold prices. 1 Interest… Read more »
Silver prices stayed above the $17 an ounce threshold last week. The silver price quote was $17.59 at the start of Monday trading, peaking to $17.61 before closing at $17.55. After-market buying added 17 cents to the Tuesday opening of $17.72, which was also the closing bid for the day. Wednesday morning saw live silver… Read more »
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