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Gold hovers at 2-year high in post-Brexit rally

Gold futures hovered at their best levels in about two years Monday in the wake of the U.K.’s historic and market-rattling decision to exit from the European Union. “We expect sentiment towards gold to remain buoyant during this extended period of uncertainty,” said James Butterfill, head of […]

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Nearly half of U.S. households would struggle with an unexpected $400 expense, Fed study finds

Shedding light on the precarious economic state of many American families, theFederal Reserve said Wednesday that nearly half of U.S. households reported they would have trouble meeting emergency expenses of just $400. In addition, the Fed found that 22% of workers were juggling two or more jobs […]

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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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Donald Trump”s Gold Holding Revealed

A Love for the Royal Asset With success came a true love of gold in all its manifestations. Trump has long been known for his love of the precious metal, relating it to royal tastes. In fact, analysts were quick to study the newly released 92 pages […]

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China Renminbi Approved As A World Reserve Currency

HONG KONG — The International Monetary Fund on Monday approved the Chinese renminbi as one of the world’s main central bank reserve currencies, a major acknowledgment of the country’s rising financial and economic heft. The I.M.F. decision will help pave the way for broader use of the […]

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Bullion Billionaires Who Like Gold

The following 15 investment gurus are among the wealthiest men in the world. All use gold as the perfect store of value with a view to preserve purchasing power against the loss of value of all fiat currencies. Here are the Bullion Billionaires who like Gold; Carlos […]

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Russia, Kazakhstan hike gold holdings

Kazakhstan Gold Bullion displayed in a stack

(Reuters) – Russia and Kazakhstan raised their gold holdings for a sixth straight month in August, while Jordan and United Arab Emirates both bolstered their reserves in July, according to International Monetary Fund data on Thursday. Russia bought another 29.5 tonnes last month taking its total to […]

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China Reveals Gold Reserves

China Gold bullion bars displayed in a stack

China’s gold holdings grew by 604 tons to 1,658 tons since 2009, according to the data from People’s Bank of China revealed on Friday. The country thus overtook Russia to become the fifth largest holder of gold in the world. The information has been disclosed after a […]

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China Reserve Currency Bid!

Chinese Renminbi displayed

China is looking for a more leading role in the world currency market. Right now it is the 2nd most used currency in international trade. In 2013 & 2014 it signed a number of bilateral trade agreements with other countries to further promote its currency on the […]

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Greece Citizens Buys Gold Coins

Stack of gold bullion displayed in a pile

European investors are increasing purchases of gold as Greece’s turmoil boosts the appeal for an alternative to the euro. Demand for gold coins and bars from European investors has increased significantly in the past month as the Greek crisis enters a new phase.  When people learned that the Greek banks will […]

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