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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Beijing: While the indications of the trade war between the United States and China have been flaring up further, China has aggressively started augmenting its Gold reserves. Since December last year, China has been on a gold buying spree and over just six months, has purchased a whopping 74 tonnes of gold. This Chinese purchase, […]
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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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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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London/New York: Indications are consistently surfacing over the shadows of recession lengthening, in the global economy. The investors have, therefore, shifted their focus on gold once again, resulting in a massive jump in its prices on Friday. Gold was traded for $1,348.31 per troy ounce on the New York Stock Exchange (NYSE), which is the […]
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Belgrade/Manila: Amid warnings of a slowdown in the global economy, a few of the smaller countries have been observed to be focusing on investment in Gold, as a security measure. Serbia, a state in Europe, has planned to take its Gold reserves to 50 tonnes whereas, the Philippines has approved legislation to encourage the country’s […]
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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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Moscow: Challenging the financial domination of the United States, Russia has started purchasing gold more aggressively. In March, the Russian central bank had reportedly purchased over 18 tonnes of gold. With the purchase, the Russian foreign exchange reserves have climbed to a whopping $487 billion while the gold reserves surged by a record 18%. A […]
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New York/London: International analysts have predicted that the uncertainty at the economic level and the heavy purchasing of Gold by the Central banks of various countries, will make the Gold rates jump to a whopping $1,400 per ounce. (1 Ounce = 28.5 Grams). Martin Huxley of INTL FCStone group claimed that the policy of the […]
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Moscow/Beijing: Russia and China, two of the leading economies of the world have increased their purchase of gold. In February, Russia purchased a whopping 31 tonnes of gold taking its gold reserves to 2,149 tonnes. At the same time, the Chinese central bank has been revealed to have bought gold for four successive months, to […]
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