Global economy takes a major hit due to Coronavirus, oil, stock markets crash, gold rates increase

Global economy takes a major hit due to Coronavirus, oil, stock markets crash, gold rates increase

London/New York: It is evident on the international level that the intensity of the Coronavirus epidemic, which has locked down China, the second largest economy of the world, is increasing by the day. While there is a steady rise in the number of deaths and people infected, the negative impact is apparent in the global […]

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Investment in gold bonds increased by 400%, in view of the warnings of global recession  

Investment in gold bonds increased by 400%, in view of the warnings of global recession  

London: The gold bonds are observed to be in great demand, against the background of the warnings issued regarding the impending global recession. As per a report published by the international group, World Gold Council, the investments in ETFs (Exchange Traded Funds), backed by gold, have registered an increase in investment by a whopping 426%. […]

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Fuel rates slide along with the stock markets under fears of the Wuhan virus epidemic, gold rates predicted to cross USD 1,600 per ounce

Fuel rates slide along with the stock markets under fears of the Wuhan virus epidemic, gold rates predicted to cross USD 1,600 per ounce

London/Washington/Beijing: The global economy is being hit because of the outbreak of the Wuhan virus, which is spreading rapidly in China and the other countries. The investor concerns are increasing with the increasing number of patients infected with Wuhan virus in China, and in effect, the US, European and Asian markets have crashed. Following the […]

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Poland repatriates 100 tonnes of Gold from Bank of England to increase the capacity of the economy

Poland repatriates 100 tonnes of Gold from Bank of England to increase the capacity of the economy

Warsaw/London: Poland, an important country and a leading economy in Europe, repatriated 100 tonnes of gold. The Polish central bank, ‘National Bank of Poland’ informed that this step has been taken to increase the capacity of the national economy. But the analysts have claimed that the crucial factors behind this repatriation are the uncertainty in […]

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Serbia bought 9 tonnes of Gold, against the background of economic uncertainty and slowdown

Serbia bought 9 tonnes of Gold, against the background of economic uncertainty and slowdown

Belgrade: Against the background of uncertainty over the Brexit issue in Europe and the shadows of recession created by the trade war, Serbia has bought a whopping 9 tonnes of Gold, in October. Such a colossal Gold purchase, by a small country in eastern Europe, in a single month, attracts attention. Before Serbia, European countries […]

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Percentage of USD in the global economy declining

Percentage of USD in the global economy declining

Washington: At a time, when economies like Russia and China are trying to challenge the economic domination of the United States, it has been exposed that USD, the leading reserve currency of the world, is losing its percentage share. The International Monetary Fund (IMF) has announced the information regarding the investments in the reserve currencies […]

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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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