China will launch yuan futures on the London metals market in order to impose its currency against the U.S. dollar.
The famous economist James RICKARD'S gives his opinion about the current trade war and the "Axis of Gold" which includes Russia, China, Iran and Turkey.
As corporate debt reaches its highest level since the financial crisis, Moody's warns of substantial problems looming on the horizon for junk bonds during the next downturn hits.
Banks have been sanctioned and payed shocking fineds for a total of $243 billion since the last financial crisis.
The precious yellow metal drops a little, pressured by increased in the U.S. dollar, but prices still just above the $1,300-an-ounce level to score a gain.
The threat of trade protectionism is the worst concern looming over a solid upswing in the world economy, according to IMF Managing Director Christine.
Phil Lowe Governer of RBA has explained the debt risks faced by China, denouncing the fast piled up debt since 2009 and its opaque financial system.
Gold prices are up as new pressures with North Korea have pushed investors into less risky assets.
For the moment, the US government has chosen not to hit the Venezuelan oil sector with the most severe sanctions in spit of the re-election of President Nicolas Maduro as an " imposture. "
Rio Tinto (ASX, LON, NYSE: RIO), the world's 2nd largest miner, has announced that it is ready to sell its participation in the giant Grasberg mine, the world's largest gold mine, to Indonesian state-owned mining holding Inalum for $3.5 billion.