Specialized search for economics

4+ min ago   (557+ words) Gold, silver price crash: A sharp selloff gripped the precious metals market in Thursday's trading session, January 29, causing gold prices to crash almost 6% and silver prices to tumble 8%. Both gold and silver retreated sharply from their all-time high levels as…...

10+ min ago   (433+ words) Jan 29 (Reuters) - Gold fell on Thursday as investors took profits after a record high, yet prices remained on course for their best month since the 1980s amid heightened economic and geopolitical uncertainty. Spot gold was1.3% lower at $5,330.20 an ounce by 01:30 p.m. ET (1830 GMT)....

12+ min ago   (409+ words) Inflation,as measured by theproducerpriceindex, rose 3% the year ending in December, the Bureau of Labor Statistics reported Friday, more than many economists had expected. The report indicates that inflation tracked by the PPI still remains a full percentage point above…...

14+ min ago   (321+ words) US Producer Prices rose 3% in December from a year earlier, according to the latest figures from the Bureau of Labor Statistics (BLS). The print came in above estimates (2.7%) and matched the 3% gain recorded in the previous month. Stripping out food…...

15+ min ago   (11+ words) What FT commentators think of Kevin Warsh as Fed chair'Financial Times...

16+ min ago   (203+ words) EUR/USD has slipped back into its downtrend, drifting below the 1.1900 support as the US Dollar's recovery keeps gathering traction. Indeed, the Greenback's push higher gathered pace after President Trump named Kevin Warsh as Jerome Powell's successor and US Producer…...

19+ min ago   (336+ words) "The current dollar downturn could potentially be long-lasting, albeit with periodic setbacks along the way. In previous episodes when the dollar reached historically strong levels " such as in the mid-1980s and the early 2000s " it took more than five years before the…...

21+ min ago   (105+ words) Stock futures were falling, though trading off their lows from earlier in the morning, after President Donald Trump said Kevin Warsh was his pick to be the Federal Reserve's next chair. Dow futures fell 0.4%. Nasdaq 100 futures were down 0.5%. Oops, something…...

32+ min ago   (608+ words) President Trump says his nominee to head the Federal Reserve, the world's most powerful central bank, "is somebody that could've been there a few years ago. It is the second time that Kevin Warsh, who was on the Fed's board…...

38+ min ago   (481+ words) Bitcoin price started the first half of the week on a positive note, recovering slightly after a massive correction last week, but failed to close above the $90,000 on Wednesday. The price declined 5.21% on Thursday, erasing recent gains and extending its…...