A major pension crisis has made its way to Harvey, Illinois. Now, the whole State might suffer while you foot part of the bill…
Peter Reagan, September 20, 2018
In a city with 20% unemployment, property taxes over 5%, and home values declining by 80% over the last decade, greed and incompetence from Harvey, Illinois’ government seem ...
Gold futures settled higher on Monday, recouping some of their losses from late last week, as investors questioned the dollar rally’s near-term durability, offering a demand boost for the dollar-priced precious metal.
Gold futures ended higher Wednesday, as a pullback in the dollar on the back of a potential new round of trade talks between the U.S. and China lifted prices for the metal to the highest finish in two weeks.
Gold futures headed modestly higher Monday as the dollar weakened on the heels of a rally in the British pound, offering a reason for the dollar-denominated precious metal to move up after posting a third-consecutive weekly loss.
Shares of Tahoe Resources (NYSE:TAHO) can't seem to find a bottom. The gold and silver mining stock tumbled 23.1% in August, according to data provided by S&P Global Market Intelligence, hitting multiyear lows.
Russia has ramped up its gold buying, adding 26 tonnes to its reserves in July, according to International Monetary Fund data.
That's equivalent to roughly $1 billion of additional gold purchases.
As Russia buys gold, it continues to sell US Treasurys, in response to sanctions first placed against the state in 2011.