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 Continue reading
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 Continue reading
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 Continue reading
American financial company INTL FCStone, which provides consulting services to investors around the world, bought the German company CoinInvest GmbH with headquarters in Frankfurt am Main. Thus, the Americans decided to expand their direction in precious metals.
INTL FCStone announced Continue reading
US authorities have frozen assets of the Venezuelan company Minerven, which are located in the States. This company is engaged in mining and processing of gold. She is accused of supporting the Maduro regime.
According to Bloomberg, the US authorities Continue reading
After the price of palladium reached its maximum mark of $ 1615 per ounce on March 21, 2019, its value began to be corrected. Within one week, the price dropped by $ 270 or 17%, before a support level of Continue reading
Venezuelan authorities again took the gold from the reserves of the Central Bank of the country to keep the state economy afloat. This was reported by Reuters. But sooner or later, the “lifeline” in the form of gold will end. Continue reading
The World Gold Council (WGC) recently published data on the countries of the world that own gold in their international reserves. It follows from them that Qatar bought 9 tons of gold, increasing its gold reserves by 30%.
WGC updated Continue reading
The precious metal platinum is a very rare commodity. It can be mined in just a few places. Platinum is found in the earth three times less than gold. According to the World Platinum Council (WPIC), only 4 countries of Continue reading
According to the data of the Business Recorder portal, in February 2019, net gold imports to mainland China through Hong Kong decreased by 13.6% compared with January. Economic problems in the country have a negative impact on the desire of Continue reading