Ray Dalio, Paulson Keep Faith in Gold Amid Rate Hike Headwind
Billionaire hedge-fund managers John Paulson and Ray Dalio kept their faith in gold even as rising interest rates trim the metal’s gains.
China Gold Demand Off To Hot Start
It looks to be another boom year for gold.
The End of Easy Money Era
The good news is that the stock market party may not be over. The bad news is that it might be time for last call.
Italy is thinking about taking a $250 billion writedown
Huffington Post Italia leaked a government proposal late Tuesday showing that populist parties had drafted plans to ask the European Central Bank for debt forgiveness of €250 billion ($300 billion).
Europe to ditch US dollar in payments for Iranian oil
The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told RIA Novosti.
Get ready for $100 a barrel oil and the conflict it represents
The geopolitical risk premium in oil has driven crude prices to nearly four-year highs and shows no signs of abating.
Central bank gold demand was up 42%
Net central bank purchases totalled 116.5t in Q1, 42% higher y-o-y and the highest Q1 total since 2014.
Thieves suck millions out of Mexican banks in transfer heist
Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, two sources close to the government’s investigation said.
Russian bank helps Venezuela defy US sanctions on cryptocurrency
The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank.
Gold ‘radically undervalued’ with price about to take off
Against growing crude prices gold is significantly cheap and presents a good buying opportunity, according to Leigh Goehring, managing partner at New York-based firm Goehring & Rozencwajg Associates.