Stop trading oil, gold assets with the Maduro government in Venezuela, Latin American states, Canada appeal to the international community

Stop trading oil, gold assets with the Maduro government in Venezuela, Latin American states, Canada appeal to the international community

Caracas: Latin American states and Canada, countries which are the members of the Lima Group, have opined that it is necessary to have a change in the government in Venezuela, through political and diplomatic means. Also, to achieve that there is a need to build pressure on the Maduro government. Therefore, the Lima group has […]

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US objects to the gold trade between Turkey and Venezuela, UAE also to purchase gold from Venezuela

US objects to the gold trade between Turkey and Venezuela, UAE also to purchase gold from Venezuela

Washington/Caracas/Ankara: The Venezuela factor has added to the already reigning differences between the United States and Turkey over the Syrian conflict. Maduro government has decided to sell the gold reserves to Turkey following the economy hitting the rock-bottom. However, the United States has expressed strong discontent over this trade. At present, the Venezuelan economy has […]

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Gold rates set to soar over next one year; Goldman Sachs predicts a price of $1,425 per ounce

Gold rates set to soar over next one year; Goldman Sachs predicts a price of $1,425 per ounce

Washington: The rise in demand of gold from India as well as China and the world’s central banks’ gold buying spree would lead gold price to climb to a record level high $1, 425 per ounce over one year, predict senior officials of Goldman Sachs. The Gold rates are consistently on the rise over the […]

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Russian Gold would be the best alternative for the USD; claims Russian official

Russian Gold would be the best alternative for the USD; claims Russian official

Moscow/Washington: The chief of the Russian stock market has asserted that Russia can offer investment in the Russian Gold as an excellent alternative for those investing in the US dollar. Only a few days ago, it was reported that Russia had taken its Gold stocks to 2,100 tonnes valued at $87 billion in the foreign […]

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Russian companies will be excavating Gold in Venezuela; informs Russian Ambassador

Russian companies will be excavating Gold in Venezuela; informs Russian Ambassador

Caracas/Moscow: The Venezuelan government trapped in an economic crisis has accepted a proposal from the Russian companies to explore and excavate Gold in the country. Only a few hours ago, the reports of the takeover of Venezuelan oil companies by Russian companies had surfaced. Meanwhile, it is claimed that Venezuela has Gold reserves of nearly […]

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Upheaval in the US stock markets hits the Asian and European markets

Upheaval in the US stock markets hits the Asian and European markets

Tokyo/London: The record crash in the US stock markets has severely hit the major stock markets in Asia and Europe. The indices in the leading economies of Japan and China in Asia and the index in the United Kingdom, France and Spain have also recorded decline. The analysts have indicated that the decline will continue […]

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The Iranian government will start excavation for Gold to break the shackles of the US sanctions

The Iranian government will start excavation for Gold to break the shackles of the US sanctions

Tehran: The Iranian economy is cornered because of the withdrawal of the European and Asian countries and companies from the trade and crude oil related cooperation, fearing US sanctions. Iran has decided to increase the share of Gold in the economy, to recover the economy, breaking the shackles. The government has ordered starting excavation of […]

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World Gold Council: Against the background of international instability gold demand increases by 42%

World Gold Council: Against the background of international instability gold demand increases by 42%

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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