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Two-thirds of US would struggle to cover $1,000 emergency

  Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to an exclusive poll released Thursday, a signal that despite years of recovery from the Great Recession, Americans’ financial conditions remain precarious as ever. These financial difficulties span all […]

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Gold Ends Higher Amid Global Uncertainty

By Stephanie Yang Gold prices rebounded to end higher on Friday as global uncertainty kept investors cautious and looking for safe haven assets. Gold for June delivery settled up 0.1% at $1,272.70 a troy ounce on the Comex division of the New York Mercantile Exchange, reversing losses […]

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Cuba Caps Food Prices To Tame Inflation

HAVANA, Cuba ( AFP) – Cuba yesterday announced price caps on basic vegetables to protect poor families’ purchasing power as a rise in tourism to the communist island puts pressure on the food supply. The price of tomatoes, bananas, sweet potatoes and 20 other products will be […]

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CHINA SAYS “NO DOLLARS” FOR NEW YUAN

In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars.  The new Yuan will be introduced next Tuesday, April 19. When the International Monetary Fund (IMF) agreed to add the Yuan […]

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Only Gold Wins In A Currency War

(Kitco News) – Gold could continue to be the investment of choice in the global currency market as nations race to the bottom to devalue their money, a move that one economist thinks is a bad idea. Governments are “delusional” if they think that it will promote […]

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Why Buy Gold!

Negative interest rate policy adopted by ECB and BOJ clearly conveys that central banks are running out of ammunition in order to combat deflation. This is constructive for gold prices. We infer that such fragile economic landscape will eventually bring gold as an investment avenue back in […]

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Three Signs of Increased Gold Demand

As we watch stocks tumble and the price of gold hold strong—especially in recent weeks—it’s apparent that gold may be primed to have a good year. In the simplest economic terms, the supply and demand of gold include some favorable “trade winds” that we can identify this […]

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China’s Currency Arrive On World Stage

On the last day of November 2015, at the conclusion of its five-yearly review of the composition of the Special Drawing Rights (SDR), the IMF elevated the renminbi to its SDR basket. The RMB is now one of five major “freely usable” reserve currencies in the international monetary […]

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Safe-Haven Demand Continues For Gold

Monday January 11, 2016 08:23 (Kitco News) – Gold prices are moderately higher and trading back above $1,100.00 in early U.S. trading Monday. More safe-haven buying interest is seen in the gold market after good gains last week that saw prices hit a two-month high. Gold prices […]

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