London: The Gold demand has increased against the backdrop of the trade war declared by US President Donald Trump against China, sanctions imposed on various countries in view of the Iran nuclear deal and the uncertainty created because of this. The World Gold Council which keeps track of the Gold transactions and trade at the […]
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Beijing/Washington: A Canadian financial expert and analyst has said that China will end the dominance of the US Dollar on the back of its gold reserve of 20000 tonnes. China’s economy is feeling the heat of the ongoing trade war with the US and therefore, China might take this aggressive step to defeat the US, […]
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Washington: While Russia, Turkey and the European countries are increasing their Gold reserves, the silence maintained by China about its Gold reserves seems to be suspicious, as per claims. Over the last two years, China has not declared the status of its Gold reserves. At the same time, a Goldmine having the largest Gold reserves […]
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Moscow: Russia, who had alleged that the United States was using the US dollar like a weapon, is now preparing to use gold as a weapon. Russia has increased its investment in gold over the last few years and it has been revealed that it has purchased 130 tonnes in the first seven months of […]
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Tehran: The demand for gold has increased in Iran because of the panic created after US President, Donald Trump announced his intentions of imposing fresh and harsher sanctions against Iran. The report of the World gold Council claims that a record decline in the Iranian Rial is also one of the reasons for this increase […]
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Tehran: Iran, terrified with the threat of new sanctions by the United States, has indicated that it will accept Gold for Oil deals with the African countries, in an effort to save the Iranian economy. As per the information given by Hassan Khosrojerdi, who is associated with the Rouhani government, Iran is preparing to make […]
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Moscow: Russia is not opposing the dollar as an International currency. However, President of Russia, Vladimir Putin has drawn the attention of analysts and economists around the world, by stating that the US is using the Dollar as a weapon, due to which the confidence on the Dollar is losing. It has come the fore […]
Read More »The World Gold Council is the market development organisation for the gold industry. It works across all parts of the industry, from gold mining to investment, and their aim is to stimulate and sustain demand for gold.Wikipedia
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Cape Town: ‘Gold Reserves in the world are now depleting and there is no alternative available,’ warned Nick Holland, the CEO of Gold Fields, the Gold mining company from South Africa. The demand for gold is increasing because of the instability and uncertainty prevailing at the global level. In this scenario, the warning by Holland […]
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Moscow: The Pension Fund in Switzerland has decided to invest nearly $700 million in gold bullion. It will be buying gold worth that amount and has also declared that the gold will be kept within the country itself. This is a significant development, said renowned investment expert Claudio Grass. This Swiss investment shows the changing […]
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