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Germany Gets Its Gold Back From The Fed And It’s A Big Deal

(Kitco News) – Germany’s central bank completed its plan to repatriate the country’s gold reserves from New York and Paris, three years ahead of schedule. Initially expected to take until 2020, the plan involved returning 374 tons of gold from Paris, and 300 tons from New York. But […]

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Vietnam dong, gold and interbank rates – August 15

Here’s a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0503 GMT. August 15 USD/VND mid-point 22,444 USD/VND interbank 22,727/22,727.5 USD/VND unofficial 22,720/22,735 SJC gold (mln dong/tael) 36.20/36.42 Interbank offered rates Overnight 0.4-0.8 1 week 0.7-0.9 1 month 1.5-1.8 3 […]

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How 1 Billionaire Became A Gold Bug

My father was Hugo Salinas Rocha -“Salinas” was his father’s surname, and “Rocha” was his mother’s surname; the custom of using both parents’ surnames is universal in Latin America. Father was a successful merchant in Mexico City, and in the 1930’s he ran a store in downtown […]

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American Bullion Predicts Gold Price Increase with Trump Win

LOS ANGELES, Sept. 28, 2016 /PRNewswire/ — American Bullion announced that they agree with the recent Citigroup forecast that a Trump win in the presidential elections may cause gold to rise in price to $1,450 by Q1 2017. The Citigroup forecast stated that Republican candidate Donald Trump has grown […]

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The U.S. Dollar Hasn’t Been Linked to Gold for 45 Years. Here’s Why

Nixon ended the system that linked the value of the dollar to the treasury’s stock of gold It was 45 years ago, on Aug. 15, 1971, when President Richard Nixon announced that the decades-old monetary system that had controlled the U.S. dollar—and thus the world’s currency values—for […]

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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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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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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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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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