Oil market ‘may have bottomed out’
Oil prices have probably touched bottom and should recover in the second half of 2015 as the collapse in the market over the last year begins to curb production, a survey of analysts showed.
Hongkong January gold exports to China confirm strong demand
An increase in net gold exports to mainland China in January partly confirms the continuing strong demand.
Kazakhstan adds gold for 28th straight month, Ukraine adds first time, Russia trims
The IMF says Kazakhstan boosted its gold holdings to about 193.5 metric tons in January, while Ukraine added to holdings for the first time since August, and Russia trimmed assets for the first time since March.
Russia cools gold reserve additions in January
While Russia may not have added to its gold reserves in January this does not mean its gold buying spree is over – at least not yet.
Russia, Egypt To Drop Dollar, Use National Currencies In Bilateral Trade: Putin
Russia and Egypt will exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media.
Denmark’s Saxo Bank Won’t Bail Out Crushed Currency Clients Due to ‘Ayn Rand’ Philosophy
Danish bank Saxo Bank is taking a hard line on its foreign exchange customers who placed millions what turned out to be wrong way bets on the Swiss franc last month due to its loyalty to Ayn Rand's Atlas Shrugged Philosophy.
British PM Cameron defends record on tax evasion
Britain's Prime Minister David Cameron has defended his Government's record on tackling tax evasion, after senior politicians and HM Revenue & Customs were accused of failing to act over claims that HSBC helped clients dodge payments totalling millions of pounds.
Gold Reserve open to settlement of $747m Venezuela case
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) tribunal last year determined Venezuela must pay the Toronto-listed gold mining company $740.3 million for terminating its Las Brisas gold concession in 2009.
Copper Tells You What’s Happening in China and the World
When copper starts to bottom, it clearly reflects growth in China and the world.
China’s SGE January gold withdrawals record 255 tonnes
Another 53.7 tonnes of gold withdrawn from the Shanghai Gold Exchange in the final week of January. Chinese gold consumption is far, far higher than the estimates supplied by mainstream analysts and it may not be being taken that seriously by the institutional market but after the latest U.S. jobs data we think that the U.S. Fed will start raising interest rates by the middle of the year.
36% of Swiss gold exports to China went direct to mainland
Switzerland is the world’s largest single exporter of gold with 1,746 tonnes leaving the country in 2014 and a big chuck of the precious metal went to China.
Russia To Lose 160 Billion USD A Year Over Oil Price Slump
Russia will lose about 160 billion US dollars in oil export earnings in a year if oil prices are at 45 USD a barrel.
