Yen buying likely to stay more muted for the time being

Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%. At the time of writing, XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low of $54.77. XAG/USD Price Forecast: Technical Outlook The white metal ended the week on the back…

We thank Nick Barberis, Ray Fisman, Caroline Flammer, Xavier Gabaix, Janet Gao, Stefano Giglio, Niels Gormsen, Ben Hebert, Andy Howard, Philipp Krüger, Matt Levine, Hao Liang, Lubos Pastor, Jeff Pontiff, Adriano Rampini, Andrei Shleifer, Eric So, David Solomon, Amir Sufi, Luke Taylor, Neng Wang, Ayako Yasuda, as well as seminar participants at Alix Partners, American…

Reports from Iranian state-affiliated news agencies Fars and Tasnim said explosions were heard in Saudi Arabia early Friday. Fars claimed a drone struck logistics warehouses used by the U.S. Army, while Tasnim separately reported explosions in the kingdom without providing additional details. As of now, there has been no confirmation from Saudi officials, the U.S….

Investors and analysts alike expected JPMorgan Chase (JPM +2.50%) to do quite well this earnings season, but not this well. The powerful bank delivered a fine second quarter that crushed analyst estimates, thanks in no small part to a major part of its business that has produced meaty growth before. All in all, Mr. Market…