The Central Bank of Turkey remains the most active in the official sector when it comes to buying gold for its reserves. Amid a slowdown in demand, compared to previous quarters, central banks in Turkey, India, and Kazakhstan were the most active in June. The latest data on official central bank reserves, recently published by …
Oil prices dropped by around 4% on Thursday, since the surging coronavirus infections globally threatened a recovery in fuel demand. This is because major oil producers, including OPEC and its allies, are set to increase output. WTI crude oil futures dropped by $1.52, or 3.7%, and were trading at $39.75 a barrel in the midday …
Oil prices sank 4% as coronavirus surge weighs on demand Read More »
There is nothing that could make metals shine better than a benign dollar. Gold and silver prices are at an all-time high while the dollar is on a two-year low. The US Dollar Index fell by 0.52% to 93.365, with a forecasted GDP contraction at around 35%. Gold futures experienced a 0.19% hike, now at …
The greenback continues to plummet, while the dollar index reached its lowest slip in two years at 0.52%, settling at 93.276. The US’ trading partners enjoy their time against a weak dollar, as the Fed retains its dovish monetary policy. The EU’s common currency, the euro, hit a two-year high of a 5% hike. At …
USD: World’s Reserve Currency May Be Abdicated from Throne Read More »
Gold’s value tends to increase when the US dollar is weak. Usually, nervous, conservative investors turn to the greenback and Treasuries as a safe haven. However, now that returns on currencies and bonds are insignificant, and worries about the weakening economy are rising, many have favored gold and silver. Goldman Sachs is an American multinational …
Fed stimulus has hurt the dollar and boosted gold Read More »
INVESTIGRAM REVIEW CONTENT: INVESTIGRAM REVIEW: METICULOUS, FLEXIBLE, AND TRANSPARENT TRADING PLATFORM TRADING CONDITIONS INVESTIGRAM SUPPORT TEAM ACCOUNT TYPES ADDITIONAL FEES TRADING PRODUCTS AT INVESTIGRAM INVESTIGRAM REVIEW: CONCLUSION InvestiGram Review: Meticulous, Flexible, and Transparent Established in 2019, Investigram is an Islamic multi-asset trading platform for more than 250 market products around the globe. Users can invest …
The American Petroleum Institute (API) released its oil inventory report for the week ending on July 24. The results show a draw in crude oil inventories of 6.8 million barrels, from an initial prediction of a 357,000-450,000 stockpile rise. Last week, analysts expected an inventory draw but instead had a 7.5 million barrel inventory buildup. …
Oil Inventory Report Announced Draw, Oil Price Still Slides Read More »
This week silver is going to have a great historical journey. Traders will remember it for the stellar performance and the breakdown of the price denominated in dollars in the spot, futures, and physical markets. This has ignited everything from gold and silver mining stocks and indices to ETFs and sparked increased interest in the …
Spectacular rise in the price of silver: 18% in a week Read More »
It seemed like only yesterday when oil companies enjoyed the fruits of their drillings. Back in 2008, the high demand for black gold drove oil prices skyrocketing to $145 per barrel. Eight years later, as state-wide lockdowns were imposed, Brent crude slipped to its lowest at $16 per barrel last April. Oil prices stabilized for …
It’s a good day for metals. While the greenback struggles to keep its head above the water, spot gold is in a rollercoaster that is only going up. The USD continues to record poor yields, its lowest in over a year. The gold rate today surged by at least 30% from its price in the …
The downward opening of European stock markets cut the bullish streak of recent days. The geopolitical tensions between China and the US is a warning sign in the markets. The conflict between the two nations overshadowed the beginning of the season, which had reasonably good results. In other news, economies around the world hoped for …
Gold, close to its record highs amid US- China tensions Read More »
RBC Capital Markets is a global investment bank that provides banking, finance, and capital markets services to corporations, institutional investors, asset managers, and governments worldwide. One of its study and analysis teams has increased its forecasts for silver prices by up to 16% for 2020. Its projections for 2021 are growths of 17% and 14% …
RBC Capital Markets bank increases its estimates for silver Read More »
Valcambi, one of the largest gold refiners in the world, has worked with a supplier suspected of acquiring precious metals from Sudan. Global Witness, an international NGO that reported the news, urges the London Bullion Market Association (LBMA) to examine producers more closely. Global Witness claims the Swiss refinery Valcambi bought large quantities of gold …
Swiss Valcambi suspected of acquiring gold of dubious origin Read More »
Sidney brand, AussieBum, has created a yarn that mixes polyester and lycra with a 100% gold coating. They make the most exclusive underpants in the world: a luxury item is around 10,000 euros per unit. Gold, the most precious of all metals, has always captivated humanity. So it is not surprising that it is increasingly …
Men’s underwear made of 24-carat gold – made in Australia Read More »
Recently, the Silver Institute reported that the demand for investment for silver grew strongly, at a rate of 10% during the first half of 2020. Investors mainly flowed to ETFs, bullion, and coins. The data reveals and highlights its role as a haven, which the precious metal offers for investors in turbulent times. The global …
Investors set their sights on silver reaching $19 an ounce Read More »
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