China increases gold purchase, takes its reserves to 1,874 tonnes amid the trade war with the US

China increases gold purchase, takes its reserves to 1,874 tonnes amid the trade war with the US

Beijing: Against the backdrop of repeated jolts received by the economy and the uncertainty in the trade war with the United States; China has increased its Gold purchases. The Chinese Central Bank has purchased Gold for the third successive month, taking the total official gold holdings to 1,874 Tonnes. This consistent purchase of gold by […]

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Stop trading oil, gold assets with the Maduro government in Venezuela, Latin American states, Canada appeal to the international community

Stop trading oil, gold assets with the Maduro government in Venezuela, Latin American states, Canada appeal to the international community

Caracas: Latin American states and Canada, countries which are the members of the Lima Group, have opined that it is necessary to have a change in the government in Venezuela, through political and diplomatic means. Also, to achieve that there is a need to build pressure on the Maduro government. Therefore, the Lima group has […]

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US objects to the gold trade between Turkey and Venezuela, UAE also to purchase gold from Venezuela

US objects to the gold trade between Turkey and Venezuela, UAE also to purchase gold from Venezuela

Washington/Caracas/Ankara: The Venezuela factor has added to the already reigning differences between the United States and Turkey over the Syrian conflict. Maduro government has decided to sell the gold reserves to Turkey following the economy hitting the rock-bottom. However, the United States has expressed strong discontent over this trade. At present, the Venezuelan economy has […]

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Gold rates set to soar over next one year; Goldman Sachs predicts a price of $1,425 per ounce

Gold rates set to soar over next one year; Goldman Sachs predicts a price of $1,425 per ounce

Washington: The rise in demand of gold from India as well as China and the world’s central banks’ gold buying spree would lead gold price to climb to a record level high $1, 425 per ounce over one year, predict senior officials of Goldman Sachs. The Gold rates are consistently on the rise over the […]

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Russian Gold would be the best alternative for the USD; claims Russian official

Russian Gold would be the best alternative for the USD; claims Russian official

Moscow/Washington: The chief of the Russian stock market has asserted that Russia can offer investment in the Russian Gold as an excellent alternative for those investing in the US dollar. Only a few days ago, it was reported that Russia had taken its Gold stocks to 2,100 tonnes valued at $87 billion in the foreign […]

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Russia leaps to no 5 in the list of countries holding maximum Gold; surpasses China with 2,100 tonnes of Gold reserves

Russia leaps to no 5 in the list of countries holding maximum Gold; surpasses China with 2,100 tonnes of Gold reserves

Moscow: Russia faced with sanctions from the United States and European countries, has performed a Golden Task in the last year. The Russian Gold reserves have reached a record 2,100 tonnes, and the valuation of this Gold reserve stands at a whopping $87 billion. Russia has reached the fifth place at the international level, surpassing […]

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Russian companies will be excavating Gold in Venezuela; informs Russian Ambassador

Russian companies will be excavating Gold in Venezuela; informs Russian Ambassador

Caracas/Moscow: The Venezuelan government trapped in an economic crisis has accepted a proposal from the Russian companies to explore and excavate Gold in the country. Only a few hours ago, the reports of the takeover of Venezuelan oil companies by Russian companies had surfaced. Meanwhile, it is claimed that Venezuela has Gold reserves of nearly […]

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The Iranian government will start excavation for Gold to break the shackles of the US sanctions

The Iranian government will start excavation for Gold to break the shackles of the US sanctions

Tehran: The Iranian economy is cornered because of the withdrawal of the European and Asian countries and companies from the trade and crude oil related cooperation, fearing US sanctions. Iran has decided to increase the share of Gold in the economy, to recover the economy, breaking the shackles. The government has ordered starting excavation of […]

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