Gold Beats S&P 500 Off Safe-Haven Demand
This week Marketwatch reported that amid high levels of geopolitical uncertainty, safe-haven demand has driven the price of gold above the $2,000 per ounce mark, aiding the precious metal to…
Russia Benefits From Growing Gold Reserves
On Thursday, the Izvestia newspaper reported that according to data from the World Gold Council, Russia has been enjoying the benefits of its enlarging gold reserves, which hit a 20-year…
China Has Been On A Gold Buying Spree
Last week, Bloomberg reported that Beijing has been building its gold reserves for seven months in a row now, according to official data. Figures from the People’s Bank of China…
UAE Buying Up Russian Gold
Reuters is reporting that since Western markets began rebuffing Russian gold as part of Ukraine-related sanctions levied against Moscow, the United Arab Emirates has become a major destination for Russian…
Russia Encourages Citizens To Shift Dollar Holdings To Gold
On Wednesday, the Goznak Joint Stock Company announced that its Moscow Mint website would allow Russian citizens to purchase gold ingots of up to 20 grams in weight. The offering…
China Makes Major Gold Discovery
On Friday, the Chinese state-run gold-miner Shandong Gold Mining announced the an additional 200 tons of gold resources have been discovered by its controlling shareholder in the Xiling gold mine…
Gold Reaching All-Time Highs On Fears Over Banks, And Recessions.
As investors grow increasingly concerned about the deepening US financial crisis and the possibility of a global recession in the near future, the price of gold has been cruising to…
In The Fight Against The Dollar, Gold Has Become An Asset
The Chairman of Rockefeller International, Ruchir Sharma, has written a piece in the Financial Times arguing that as central banks around the world are shifting away from the US dollar,…
Gold Gives Up Some Gains, Still Up For The Week
Despite US economic data worrying investors over a potential economic slowdown, gold paired some of its robust gains on Thursday, but was still on course for a weekly gain. Spot…
Gold Rises As Banking Sinks
Gold prices were on the rise again on Friday, as further market turbulence over the banking crisis in the US and ‘Europe drove investors to seek out safe-haven assets. Gold…
