Are countries ‘sanction-proofing’ with the latest central bank gold purchases?
The gold market is seeing a strong rally during the first month of the year, driven by the changing macro outlook, geopolitical tensions, and increased demand.
The gold market is seeing a strong rally during the first month of the year, driven by the changing macro outlook, geopolitical tensions, and increased demand.
According to WGC, the US became the largest market for Indian gold jewellery due to additional tariffs on Chinese jewellery to the US, which made the Indian exporters more competitive.
Dubai: Global trade flows and supply chains have just bout managed to emerge from the long shadow of the Covid crisis. Even now, key commodities are still some months away from heading back to normalcy. (For confirmation, just ask carmakers about semiconductor supplies they need for all their fancy models.)
Gold investors have been doing a lot of “soul-searching” for the last two and a half years. But gold as an asset will take an important place in portfolios in the next three years, according to Bank of America.
When I recently went to talk to some school children about the nature of money, I brought props: a cowrie shell, a piece of play paper and a small handful of shredded dollar bills. Which of these, I asked, is money?
Dubai: Malabar Gold & Diamonds will oversee all of its non-India operations from a new base at Dubai’s Gold Souk Extension in Deira.
Gold will reach $5,000 per ounce in the next bull run as inflation rises and the U.S.
Peter Grandich, who correctly predicted the market crashes for both crypto and stocks in 2022, just shared his predictions for 2023 with AGE Gobal News. The veteran investor said that while he sees weakness across most markets for the foreseeable future, there are still undervalued assets that he expects to outperform.
Dubai has tightened the processes related to responsible sourcing of all gold imports and onward shipments
In 2023, Dubai Multi Commodities Centre plans to launch new products, and to move into a new HQ.