international

Turkey purchased a record $13.8bn of gold from abroad this year, $9.8bn more than in the same period last year, Bloomberg reported . . . .

Dennis Gartman has called 2017’s gold rally and he is now forecasting gold will be “demonstrably higher” rising to $1,400/oz in the coming months and rise by even more in euro terms . . . .

India is the world’s largest consumer of gold . . . .

Many U.S. politicians believe the dollar is better than gold . . . .

This keeps Russia in sixth place among global national holders of gold after China in fifth, but closing the gap given China seems to have ceased to report monthly gold reserve increases since last October . . . .

Central bankers and investors are grappling with a $100 trillion question: why consumer price inflation remains so low in most parts of the world even as economic growth quickens . . . .

Macron’s victory in the French Presidential election first round was crucial in supporting risk appetite and undermining gold prices, although markets were still wary of the North Korean situation . . . .

Reducing debt through debt forgiveness, defaults or inflation is not without consequences. Savings designed to finance future needs, such as retirement, are lost. This in turn results in additional claims on the state to cover the shortfall or reduce future expenditure, which crimps economic activity . . . .

The biggest trade in the world is staring everyone in the face . . . .

In 2016, investors around the world returned in large numbers to the gold market, as a combination of macroeconomic drivers and pent up demand kept interest in gold high . . . .