London – Increased tension due to global geopolitical activities and signs of economic recession has caused central banks to turn their stance towards gold, which is considered a safe investment now. In the first nine months of 2023, central banks have purchased more than 800 tonnes of gold. According to the information shared by the […]
Read More »
London/Washington/Copenhagen: Gold prices have hit new highs in the last four years. The price of gold will jump to new heights this year, claimed analysts at Europe’s Saxo Bank. On Monday, gold prices jumped to more than two thousand dollars an ounce on the backdrop of tensions in the Gulf and a possible decision by […]
Read More »
Moscow – Despite the various sanctions imposed amid the Russia-Ukraine conflict, Russia has managed to increase its gold production. In 2022, Russia produced 320 tons of gold from its mines. After that, the increase in production was reported in the first three months of 2023, according to the Russian agency ‘Rosstat’. Gold production increased by […]
Read More »
Washington: ‘Gold is recognized as the oldest and most traditional asset used for investment worldwide. The world’s central banks are currently using this gold as a means of rebellion against the US dollar. Earlier, the dollar and gold were known as safe havens for investment. But now gold is considered safer,’ claimed American investor and […]
Read More »
Tel Aviv/ Amman – Israel’s customs department detained a Jordanian member of the parliament on smuggling charges. The Israeli authorities announced that the arrest was related to smuggling Gold and weapons into Israel. Israel revealed the evidence in front of the media. Jordan has accepted the position of non-answer to the government of Israel in […]
Read More »
London: Leading organisations like the International Monetary Fund (IMF) and the World Bank have warned of increasing global economic instability. With these warnings, taking note of the recession-like environment in the economy, the leading Central Banks of the world have started taking steps for it. Besides, the world’s leading Central Banks have turned to buying […]
Read More »
London/Bern – According to Swiss bank UBS analysts, gold prices will reach $2,200 per ounce by next year, breaking the previous records. On Wednesday, gold prices in the international market bounced back and crossed the $2000 mark per ounce. It marks the third time in the last four years that gold prices have crossed the […]
Read More »
Washington: The sanctions imposed by the West on Russia and the reduction in fuel production by the OPEC Plus countries will push fuel prices back above $100 by the end of next year, warned Goldman Sachs, the leading US financial institution. The financial institution claimed that the rising demand for fuel in China would also […]
Read More »
Bern/Moscow: A recent report from Swiss Customs has revealed that Switzerland has imported a significant amount of gold from Russia, despite the embargo on such imports. It has come to the fore from the information provided by the Swiss Customs agency Switzerland had imported 6.4 tons of Russian gold in November. Even earlier in May, […]
Read More »
Beijing: China’s central Bank informed that in the last three years, China had added 32 tons of gold to its reserve stocks. According to a statement released by the People’s Bank of China (PBC), there were 1,980 tonnes of gold in China’s reserve stocks at the end of November 2022. Last month, a leading website […]
Read More »
