ABU DHABI, 24th January, 2023 (WAM) -- President His Highness Sheikh Mohamed bin Zayed Al Nahyan received, at Qasr Al Bahr Majlis, Felix Tshisekedi, President of the Democratic Republic of the Congo, who is on a working visit to the UAE. During...
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Financial stresses have translated into gold trading at near-record levels Central banks, including China, have added to their gold reserves as they diversify away from dollar assets Recession risks and banking turmoil have contributed to recent price rises.
Central banks are turning away from the US dollar and shifting to gold, Ruchir Sharma wrote. Central banks account for a record 33% of monthly global demand for gold, he said in the FT. "Thus the oldest and most traditional of...
The upcoming halving is currently about 50% priced in based on previous cycles, said Jamie Douglas Coutts, a Bloomberg Intelligence analyst. Coutts predicts that Bitcoin can scale $50,000 by April 2024. “Bitcoin cycles bottom around 12-18 months prior to the...
US deficit blowout will have ASX gold stocks hoping history repeats. The last time this happened, it sparked a decade long bull market for the yellow metal. US deficit blowout will have ASX gold stocks hoping history repeats. The last...
DRC has huge copper and cobalt reserves, with a population of about 93 million. In 2021 the Group injected $ 100 million of fresh capital into Equity BCDC.
Three related forces are propelling gold toward a record price: economic concerns, lower bond yields, and a weaker U.S. dollar. A boost in buying this year by central banks has added fuel to the rally.
Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz. These targets may sound extreme, but breakouts from multi-decade bases are...
Bitcoin is up 80% since the start of the year. History shows the cryptocurrency tends to perform well in the run-up to its so-called “halving.” The bitcoin halving, which occurs every four years, reduces rewards for successfully mining new bitcoin...
Central bank gold buying momentum showed no signs of stalling in February. Reported global gold reserves rose by 52t during the month – the eleventh consecutive month of net purchases – following January's 74t. 1 This excludes updated data for Russia (more on...