The London Metal Exchange will shutter its precious metals trading after operating for only five years. The London Metal Exchange is an exchange that offers forward and futures contracts, plus options on metals. Recently, the LME came under scrutiny by traders and the media for suspending trades on nickel. This was […]
It’s no secret that the Kremlin has been a proponent of a gold-backed ruble. Now it appears they’re set to make it happen—but how? The central bank in Russia has fixed the value of the ruble to gold. This action follows the unwelcomed interventions by the U.S., the U.K., and […]
The deadline is fast approaching for Germany and other European countries to begin paying Russia in rubles instead of in euros for gas, a move that could have seismic consequences across the Eurozone economy. Unfortunately for Germany, its economy is hooked on cheap Russian natural gas. Nearly 50 percent of […]
Back in February, Switzerland exported gold to mainland China for the first time since September. Shipments also flowed into India and Thailand, which hit multi-year highs. This resurgence in demand seems to suggest that Asian gold demand is on the rise. Perhaps these markets are on the mend from the […]
We have long grown accustomed to seeing gold at levels above $1,700 for the past year. As soon as COVID hit, the gold spot price fell to just under $1,500 per oz. However, it hit an all-time high in August, and then steadily declined until February and March of this […]
