LONDON, June 24 (Reuters) – The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering of world trade and geopolitical upheaval … Read More
Greetings, Hope everyone has had a great start to this year’s Holy Days. We are looking forward to the Last Day of Unleavened Bread tomorrow here in Tyler with a potluck planned for after services and an evening of fun and fellowship … Read More
Gold prices rose to hit a lifetime high on Thursday, sparked by safe-haven demand due to U.S. tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve’s policy path. Spot gold XAU= was up … Read More
The price of spot gold climbed past $2,500 an ounce to a new record on Wednesday. The precious metal has rallied more than 20% this year on anticipation that interest rates could eventually ease. Since gold offers no yield, traders … Read More
April 1 (UPI) — The price of gold on Monday hit a new high of $2,250 per ounce. Financial experts are pointing to inflation and a pause in interest rate increases by the Federal Reserve as reasons why the the price of gold … Read More
NEW YORK, March 5 (Reuters) – Wall Street retreated on Tuesday while bitcoin and gold touched all-time highs as market participants eyed upcoming economic data and central bank actions. All three major U.S. stock indexes followed their European counterparts lower … Read More
LAST year, 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967 – the year that the London Gold Pool collapsed. The gold repatriations by many European countries of the last few … Read More
Eight tons of gold are missing from the Central Bank in Caracas, apparently taken out on President Maduro’s orders. It’s not the first case, gold is missing: Last year, 23 tons were shipped to Turkey. It is unclear whether supplies … Read More
MOSCOW (Reuters) – Russia has overtaken China to become the world’s fifth largest official sector holder of gold as Western sanctions drove buying by its central bank to record highs in 2018, its data showed on Friday. With support from … Read More