international

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 . . . .

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

The rapidly evolving geopolitical “weapon” brandished by Russia is an ever increasing stockpile of gold, as well as Russia’s native currency, the ruble . . . .

One major international global asset management firm says conditions are perfect for gold prices, comparing the market to a potential wildfire that is just waiting for the right spark . . . .

This is the first time the government has taken such an initiative. It is to include the stated policy, setting up of gem and jewelry parks and regulations for testing and certifying agencies, to primarily address issues of the diamond industry . . . .

By far the greater bulk of gold owned in China is under the control of the Shanghai Gold Exchange, which is controlled by the Chinese Central Bank, i.e. The People’s Bank of China. Should they wish to confiscate their citizen’s and institution’s gold, it can be done overnight . . . .

How the UK’s Brexit vote has changed one’s perception of the safe haven value of gold. It would only take a relatively small dollar gold price increase, or a further drop in the sterling/dollar parity, which many analysts are predicting, to achieve a new record sterling gold price high . . . .

Adding gold to official reserves protects Beijing, Moscow against dollar dominance . . . .

Analysts are scrambling to increase their gold price forecasts, as the gold price continues to rise . . . .

Over the past two years, Russia has led the world in adding gold to her central bank reserves, ahead of the People’s Bank of China, the central bank that has added the second largest of amount of gold . . . .