Gold bounces to $1,500 per ounce, riding on the flareup of the trade and currency wars

Gold bounces to $1,500 per ounce, riding on the flareup of the trade and currency wars

London/New York: The intensifying trade war between the United States and China and the further flareup caused in it, because of the currency war, caused a huge leap in the Gold rates. On Wednesday, Gold reached a record level of $1,503 per ounce, in the transactions on the ‘COMEX Gold Futures’, in the United States. […]

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US Federal Reserve cuts interest rates by 0.25%, President Trump disappointed

US Federal Reserve cuts interest rates by 0.25%, President Trump disappointed

Washington: The US Federal Reserve announced a cut of 0.25% in the interest rates, on Wednesday. It is the first rate cut by the Federal Reserve since 2008, and the stock markets in the United States as also around the world have begun a downward spiral. President Trump expressed displeasure over the cut and retorted […]

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US Bank ‘Capital One’ suffers a major cyberattack, personal data of more than 100 mn customers hacked

US Bank ‘Capital One’ suffers a major cyberattack, personal data of more than 100 mn customers hacked

Washington: A massive cyberattack was carried out on ‘Capital One’, a leading financial institution in the United States and data of more than 100 million customers was revealed to have been hacked. Paige Thomson, a 33-year-old woman, was arrested in connection to the hacking case. However, a big group is suspected of having been involved […]

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USD will lose its leader status in the global economy, warns leading financial institution JP Morgan

USD will lose its leader status in the global economy, warns leading financial institution JP Morgan

Washington: JP Morgan, the leading financial institution in the world, warned that in the coming decades the global economy is set for some landslide changes and USD will lose its influence on the worldwide economy and the system with the influence of the Asian continent will take over as the leader. Only last month, former […]

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China starts independent stock market, to challenge the US domination

China starts independent stock market, to challenge the US domination

Beijing/Washington: Against the background of the actions initiated by us, President Donald Trump against China, the Chinese government has undertaken efforts to challenge the domination of the United States. Chinese companies in the technology sector are severely hit by the taxes and sanctions imposed by the United States. To bypass the effects of the US […]

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Gold rates will cross USD 2,000 per ounce by the year end, warns investor and analyst David Roche

Gold rates will cross USD 2,000 per ounce by the year end, warns investor and analyst David Roche

London: The changing geopolitical scenario in the world and the indications by the US Federal Reserve to increase the interest rates, will cause the Gold rates to spurt by the end of this year, crossing the level of $ 2,000 per ounce (28.35 grams). The Gold prices recorded in the market trades on Monday, were […]

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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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