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gold-bullion

China’s Struggle To Make Yuan World Reserve Currency

China has made yet another move – this one the boldest of them all – towards eventually succeeding in making its currency strong enough to succeed the US dollar as the world’s preferred reserve currency. You have to admire the Chinese for their tactics. Combining hard work, diplomacy, a low profile to the extent of […]

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Gold Up On Ukraine Concerns

Gold rallied again on Monday as violence in the Ukraine spilled over into war. With Ukraine forces continuing their campaign to deflate pro-Russian separatists, gold ended trading on Monday $1309.70 an ounce. Ukraine and US diplomats have described the conflict in eastern Ukraine as “war,” and former US ambassador to Russia, Michael McFaul voiced warnings […]

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gold-bullion

Analysts Undecided On Future of Gold

Commodity analysts are predicting gold prices will weaken over the next three months. Financial advisors on the other hand believe gold prices will be pushed up due to inflation. Technical indicators do point towards a bear market, and the second quarter is historically slow for precious metals. With the global economy showing signs of recovery, […]

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Gold Prices Look Set To Rise As Fears Grow Over Inflation

Gold prices received a significant boost in today’s trading as prices breached the $1300 strong point and gained a further $10 by 1400 EST. The increase could be due to the increasing political tension with Russia, but there could also be a concern over impending inflation. A slide in the US dollar index prompted some […]

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gold-bullion

Gold Bar Holders See Ukraine Crisis Aftermath

It’s been an ugly few weeks for gold bar holders. The yellow metal dropped like a stone after it hit multi-month highs at $1,380 an ounce in mid-March, but the recent downturn is providing us with yet another extraordinary long-term buying opportunity; the best part is, there are serious factors that are likely to prevent […]

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Gold Edges Back Over US$1300

Gold edged back above the $1300 stronghold on Friday after the US job data report was slightly lower than forecast. Speculators had forecast between 195,000 and 200,000 jobs would be added to the non-farm payroll (NFP) in March, but employers fell short by around 3000. Before the report was released gold prices were ringing in […]

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Buy Gold Before The Change of Reserve Currency

Gold took another hit yesterday and lost everything it gained on Wednesday. Current prices are $1289.90 an ounce. As expected, gold has been in the balance this week ahead of US economic data, the cruncher of which will be announced later this morning. The strength of an economy is measured on certain yardsticks, with industry […]

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Buy Gold With A Long-Term Perpesctive

Last year gold recorded its worst annual performance in more than three decades and the landscape for 2014 offered a significant upside, particularly with the Fed unwinding its asset purchases. For the first quarter gold buyers – private investors, funds and central banks- made an impressive comeback even at the point of overbuying physical gold […]

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