Increase in Gold investments by Central Banks continues, given the uncertainty in the global economy

Increase in Gold investments by Central Banks continues, given the uncertainty in the global economy

London/Moscow: Many groups, including the ‘World Gold Council’ had reported an increase in the Gold purchase, by the central banks of the leading economies of the world, over the last few years. Analysts and economists have claimed that the trend in the Gold purchase will continue because of the increasing tensions at the international level, […]

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Gold prices surge to USD 1,550 per ounce, following the flare-up in the US -China trade war

Gold prices surge to USD 1,550 per ounce, following the flare-up in the US -China trade war

London/New York: Owing to the latest flare-up in the US-China trade war, gold prices have climbed considerably. On Monday, gold prices scaled up to USD 1,550 per ounce mark, setting a new record. Earlier, it was in April 2013 that gold had reached its peak. At the beginning of the month, Gold rates had crossed […]

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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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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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Venezuelan failure will be more appalling than USSR and Zimbabwe; warn economists

Venezuelan failure will be more appalling than USSR and Zimbabwe; warn economists

Caracas: Leading international economist Kenneth Rogoff, warned that the Venezuelan failure will be the biggest and the most appalling in the world, other than the countries involved in wars and internal conflicts. The Venezuelan economy suffered major jolts when the crude oil rates had collapsed, at the international level. The attempt by President Maduro, to […]

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Amid Russia’s all-time high bullion purchase, gold and forex reserves hit a record high

Amid Russia’s all-time high bullion purchase, gold and forex reserves hit a record high

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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Gold rates will bounce up to $1,400 by the end of 2019, due to economic uncertainties and increasing purchases, claim international analysts

Gold rates will bounce up to $1,400 by the end of 2019, due to economic uncertainties and increasing purchases, claim international analysts

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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