Saudi Arabia invests in gold mining.
Saudi Arabian Mining Co. plans to invest in the mining industry several billion dollars. Thus, the Arabs intend to increase gold production to 1 million ounces over the next five years. There are also rumors that Saudi Arabia intends to gradually distance itself from the…Read More
Gold exports from USA for 2018.
Net exports of gold from the United States in January 2019 doubled. At the end of 2018, total exports of American gold to other countries amounted to 474 tons. According to the US Geological Survey (USGS), in January of this year, the States sent 31.4…Read More
BoAML: gold and dedollarization of central banks.
American investment bank Bank of America Merrill Lynch (BoAML) recently published a review in which he analyzed the current role of the US dollar and gold in the global economy. The bank’s survey says that the US dollar still remains the leading world currency, but…Read More
South Africa: gold mining for february 2019.
At the end of February of the current 2019, gold production in South Africa again showed a decline of -20%. Thus, it was already 17 months in a row, when the mining companies of South Africa were able to extract less precious metal from the…Read More
Morgan Stanley: $ 1350 gold to 2019 end.
US investment bank Morgan Stanley has published an updated gold outlook, taking into account recent news from the US Federal Reserve. Analysts of the bank took a neutral position regarding the prospects for the yellow precious metal. The review of the bank also deals with…Read More