Gold price surges on Middle East, Russia tensions
The price of gold shot to an 11-week high on Wednesday as escalating geopolitical risks saw investors seeking safe haven assets.
Federal Reserve proposes new capital rules for Wall Street
The Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce the amount of capital they must hold as a cushion against a future economic shock.
Gold up a third session to settle at 1-week high
Gold futures marked a third straight session of gains on Tuesday, buoyed by a weaker U.S. dollar and uncertainty surrounding U.S. reaction to a possible chemical-weapons attack in Syria.
Global debt mountain climbs to record $237 trillion in 2017
The global debt mountain continues to grow.
Gold miners sustaining costs up 22% since the gold price bottomed
Since the turnaround in the price of gold since Q1 2016 both sustaining and cash costs have risen with the former up a whopping 22%.
ECB Weighs Emergency Cash Injections to Smooth Bank Rescues
New instrument would require joint euro-area public guarantee.
US sanctions take bite out of Russian stocks & ruble
Russian currency and stocks on the Moscow Exchange dropped significantly on Monday after Washington expanded the sanctions list against Russian businessmen and companies.
Higher Oil Prices Boost Saudi Credit Rating
Good news for Saudi Arabia, but hurdles remain.
Petro-yuan to launch renminbi as global currency & kneecap petro-dollar
Yuan-backed oil futures can shatter the US dollar dominance on the crude market, according to experts polled by RT. However, the greenback will not give up the top spot easily.
Gold seen rising as Canadian miner eyes lack of exploration
Bullion prices are set to climb because there’s been a lack of exploration and the global industry isn’t replacing the reserves it’s been mining, according to Stephen Letwin, chief executive officer at Iamgold Corp.