News Articles

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the World Gold Council have made an important decision which was announced yesterday at the World Islamic Banking Conference in Bahrain . . . .

Gold followers will hardly be unaware that every time a Fed Open Market Committee Meeting draws near the gold price moves, often quite sharply, on the will she, won’t she prospect of Janet Yellen announcing that at long last the Fed will start to raise interest rates again . . . .

Britain’s HSBC bank is projecting gold at $1,550 per ounce by the end of 2017. Trump’s protectionist stance in the campaign, if he follows through with it while in the White House, could trigger trade wars that will destabilize global markets, which would boost gold prices . . . .

Russia is hoarding gold at a breathtaking pace, and the Russian Central Bank is now the world’s largest buyer of gold . . . .

The US dollar climbed on Friday to its highest level since 2003 on continued bets on faster inflation and higher interest rates, while Treasuries resumed a sell-off that left yields at their highest levels of the year . . . .

Analysts cited news reports that the Russian central bank bought around 48 tons of gold in October, the biggest monthly gold purchase of this millennium . . . .

America has chosen Donald Trump to be its next President and the world markets, whether metals, gold, bonds, equities or Forex are all highly volatile . . . .

Sales of the final coin in the U.S. Mint’s 2016 Centennial coin program — the 2016-W Walking Liberty gold half dollar — have gotten underway, and according to the Mint, 43,728 were sold during the first day of sales out of a maximum of 70,000 coins . . . .

If just 2 percent of current Islamic finance assets are allocated to gold, a huge new source of demand – roughly equal to China’s total purchases in 2015 – will soon enter the market. And this could push gold prices higher… a lot higher . . . .

By the end of 2016, 1.6 billion people will likely have a new gold investment standard for the first time in modern history . . . .