International Economic News
With the ascendancy of the Chinese economy, the country has embarked on a somewhat under-the-radar mission to undermine the supremacy of the dollar by pricing oil and gold contracts in yuan.
Turkey has joined several other countries that are seeking to repatriate their sovereign gold held by the Federal Reserve in the United States. Does this paint a bleak future for the dollar as the world's reserve currency?
While the global impact of reimposing economic sanctions on Iran remains unclear, one early indicator is a surge in the country's gold demand.
The beginning of the Akshaya Tritiya festival falls on April 18th (today) this year. As usual, the holiday will be accompanied by a surge in gold purchases
Venezuela will demonetize its currency, the bolivar, and replace it with a new "sovereign bolivar" because hyperinflation has made the former worthless.
Despite only a gradual increase in prices over the past two years or so, gold demand for investment purposes (i.e. coins and bars) is set to rise yet again.
The production of solar power has been increasing dramatically. Because silver is a key component of solar panels, this trend should lift silver demand.
The largest gold ETFs saw major outflows during the swings and gyrations of the stock market last month, an indicator that investors were selling.
Indian jeweler and billionaire Nirav Modi is being investigated for possibly defrauding the massive Punjab National Bank (PNB) out of $2 billion.
Copper miner Glencore PLC is facing new obstacles in the Democratic Republic of Congo. The company must navigate changes to the existing mining code.