Reminder: Brexit negotiations start up again this week 0 (0)

But don’t expect much before Friday
The usual round of negotiations will start off with tomorrow’s dinner, before getting into more serious talks on Wednesday and Thursday. Both sides will wrap things up on Friday before we are likely to hear from Barnier and Frost once again via their respective pressers.

Go to Forexlive

Today is 49 years since Bretton Woods collapsed. Why it matters more than ever 0 (0)

Deficits are a major challenge to the dollar-based system
On August 15, 1971 — exactly 49 years ago — the gold-pegged Bretton Woods system collapsed.
After nations began to demand redeeming dollars for gold, President Richard Nixon shocked the world with the following after secret meetings at Camp David:

Go to Forexlive

Warren Buffett makes a big bet on gold 0 (0)

Buffett bought a stake in miner Barrick Gold
Warren Buffett has famously disparaged gold but evidently he’s had a change of heart.
According to a Q2 13F filed today, The Oracle of Omaha added 20.9 million shares of Barrick Gold, which is the world’s second largest gold miner. He paid $563.5 million for the stake, which equates

Go to Forexlive

Forexlive Americas FX news wrap: Retail Sales show some strength but its still about the unknown ahead 0 (0)

Forex news for North American trading on August 14, 2020
.
In other markets:
– Spot gold is down $8.90 or 0.46% $1944.86
– Spot silver is down $1.02 or 3.73% $26.48
In the US debt market today, yields are ending the day mixed. The 30 year bond still has some digestive problems it seems after the bad auction yesterday. It is up by 1.8

Go to Forexlive