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Espírito Santo International, the parent institution of Portugal’s largest publicly-traded bank Banco Espírito Santo (BES), announced on Tuesday that it had missed payments on some of its debt. Today, July 10th, trading of both Espírito Santo International and BES stocks was suspended. BES is also Portugal’s second-largest lender. In response, stocks have fallen. European stocks are down by

Minutes from the Federal Open Market Committee’s mid-June meeting were released at 2:00 p.m. EST today and the precious metals market has reacted accordingly. Gold hit $1,330 an ounce, a rise of 1%, just a half hour after the minutes were made public. They revealed much of what was expected: there will be no hike

The end of June marked the end of Q2 2014 and the first half of the financial year. Can you guess what June’s top-performing asset was? And the only one yielding double-digit returns? None other than silver. Gold came in second, and the worst-performing asset was wheat. In Q2 (the months of April, May, and June), silver

If you thought gold’s 10-week high yesterday was impressive, try a 10-month high. That is what platinum has reached in early trading today, July 2, while gold is approaching its highest price in three months. At one point this morning platinum reached $1,523 an ounce, its highest price since September 4, 2013. Palladium for September