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May 17, 2018 - 6:43:15 AM

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.

May 17, 2018 - 6:42:02 AM

China Gold Demand Off To Hot Start

It looks to be another boom year for gold.

May 17, 2018 - 6:41:06 AM

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.

May 17, 2018 - 6:40:10 AM

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).

May 17, 2018 - 5:45:03 AM

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.

May 16, 2018 - 7:11:34 AM

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.

May 16, 2018 - 7:10:22 AM

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.

May 16, 2018 - 7:08:53 AM

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.

May 16, 2018 - 7:06:20 AM

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.

May 16, 2018 - 7:05:26 AM

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.

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