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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Serbia and the Philippines increase their Gold reserves

Serbia and the Philippines increase their Gold reserves

Belgrade/Manila: Amid warnings of a slowdown in the global economy, a few of the smaller countries have been observed to be focusing on investment in Gold, as a security measure. Serbia, a state in Europe, has planned to take its Gold reserves to 50 tonnes whereas, the Philippines has approved legislation to encourage the country’s […]

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Gold demand at 1,053 tonnes in the first quarter of 2019; 7% rise in demand from India and Central Banks

Gold demand at 1,053 tonnes in the first quarter of 2019; 7% rise in demand from India and Central Banks

London: The demand for Gold is increasing, despite a record economic performance by the United States. As per a report published by the group World Gold Council, the demand for Gold in the first quarter of 2019, was more than a whopping 1,053 tonnes. The World Gold Council clarified that historic purchase by the central […]

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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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Gold reserves of the world are depleting, warns leading industrialists

Gold reserves of the world are depleting, warns leading industrialists

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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