Category : Currency
The dollar fell against the yen and Swiss franc on Wednesday after China retaliated against the Trump administration’s plan to slap tariffs on Chinese goods, proposing a list of similar duties on a wide range of U.S. imports.
The trade war, the economic crisis and the weak dollar are boosting investment in gold, which is rapidly increasing in value.
Bitcoin fell below $7,000 on Friday, moving closer to the lows the world's number one virtual currency reached in February.
Gold bulls are finding 2018 offers plenty of reasons to be cheerful.
Gold is the become the main target for investors.
Global gold investment up for fifth consecutive year since 2018
The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015.
The volume of trade between Russia and China increased by more than 20 percent.
Trump's executive order bans any transactions within the United States involving digital coins issued by the Venezuelan government.
Faced with a weakening dollar, major economic powers such as China, Russia and Germany are replenishing their gold reserves.