Gold rates touch $ 1,400 per ounce, on the background of the developments in the Persian Gulf

Gold rates touch $ 1,400 per ounce, on the background of the developments in the Persian Gulf

London/New York: Following the shooting down of a US drone by Iranian missiles, the tension at the international level has been escalated, the repercussions of which are seen on the global economy. It is observed that gold which is known to be a safe investment in the times of uncertainty has jumped to $ 1,400 […]

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Gold rates jump above $1,350, due to the economic uncertainty and tension in the Middle East

Gold rates jump above $1,350, due to the economic uncertainty and tension in the Middle East

London/New York: Against the background of increasing uncertainty and growing tension in the Middle East, the Gold rates jumped, on Friday, above $1,350. The transactions on Friday saw a record price between $1,351 to $1,362 per ounce. This is the first time the Gold rates have recorded this level since April 2018. The rise in […]

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Big tech firms likely to disrupt the world’s financial system, warns chief of IMF

Big tech firms likely to disrupt the world’s financial system, warns chief of IMF

Tokyo: Managing Director and Chairman of the International Monetary Fund(IMF), Christine Lagarde issued a sensational warning saying, “A few companies in the world have a humongous amount of data. These companies can gain control over the economic transactions through artificial intelligence and other technologies and significant disruption to the world’s financial system.” The warning issued […]

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Trust in the US dollar across the world is on decline: Russian President Vladimir Putin

Trust in the US dollar across the world is on decline: Russian President Vladimir Putin

Moscow/Washington: Russian President Vladimir Putin claimed, ‘The Use of the US dollar, ever since it became operational as the international currency, is being made to pressurise the world. Therefore, the world is losing faith in the US dollar.’ At the same time, Putin warned that the campaigns initiated by the United States against the Chinese […]

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Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Washington/London: The trade war between the United States and China is intensifying by the day, and even the global investors and big corporates have not been able to asses the effects properly. The economists have claimed that over the last few months, the manufacturing sector in Europe as well as Asia, is taking a major […]

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The world economy to hit for a whopping $600 billion, due to the US-China trade war

The world economy to hit for a whopping $600 billion, due to the US-China trade war

Washington: A report published by Bloomberg, a leading financial institution in the United States revealed that the effects of the trade war between the largest and the second largest economies in the world would not be restricted only to the warring countries and the worldwide effects will become apparent. The financial institution has warned that […]

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US-China trade war threatens global economy: International Monetary Fund

US-China trade war threatens global economy: International Monetary Fund

Washington: ‘The International Monetary Fund feels that the trade tensions should be resolved to the satisfaction of everyone. It assumes significance against the background of the currently raging US-China trade war, as it has threatened the global economy,’ the IMF chief Christine Lagarde warned. At the same time, she cautioned both, the United States and […]

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Gold demand at 1,053 tonnes in the first quarter of 2019; 7% rise in demand from India and Central Banks

Gold demand at 1,053 tonnes in the first quarter of 2019; 7% rise in demand from India and Central Banks

London: The demand for Gold is increasing, despite a record economic performance by the United States. As per a report published by the group World Gold Council, the demand for Gold in the first quarter of 2019, was more than a whopping 1,053 tonnes. The World Gold Council clarified that historic purchase by the central […]

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Crude rates soar ahead of US sanctions against Iran, reach $ 75 per barrel

Crude rates soar ahead of US sanctions against Iran, reach $ 75 per barrel

London: The effects of the US tightening the noose around Iran against oil trade have started emerging on the international level. Following the announcement by the United States, the Crude rates have spiralled to $ 75 per barrel, in just three days. As per the analysts, after the actual implementation of the sanctions, the rates […]

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