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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

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 […]

Read More »

China increases gold purchase, takes its reserves to 1,874 tonnes amid the trade war with the US

China increases gold purchase, takes its reserves to 1,874 tonnes amid the trade war with the US

Beijing: Against the backdrop of repeated jolts received by the economy and the uncertainty in the trade war with the United States; China has increased its Gold purchases. The Chinese Central Bank has purchased Gold for the third successive month, taking the total official gold holdings to 1,874 Tonnes. This consistent purchase of gold by […]

Read More »

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 […]

Read More »

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 […]

Read More »
1 2 3