Another day of record-breaking on Friday, the half-day session being the last trading day of 2017, with fresh highs for both the FTSE 100 and FTSE 250 while the AIM All-Share Index traded around its highest level since 2008, London Stock Exchange (LSE) reported. The FTSE 100 index closed up 0.9%, or 64.89 points at…
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Coming soon will be the first of their kind gold futures contracts denominated in CNH and US$ available on the same platform. Hong Kong Exchanges and Clearing Limited (HKEX) plans to introduce physically settled CNH (offshore Renminbi, or RMB) and US dollar (US$) Gold Futures contracts in the third quarter of this year, subject to…
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Commodity-related sectors led European shares lower for a third straight session on Friday while the dollar was poised for a weekly losses as the "Trumpflation trade" lost momentum, Reuters reported. World stocks have hit record highs, emerging markets have come back in favor and the dollar has climbed to a 14-year peak in recent weeks…
Read moreThe gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 100.97 tons, an increase of approximately 70 per cent since the beginning of the year. For each Xetra-Gold bond, exactly one gram of gold is deposited in the…
Read moreGoldmoney Inc. (TSX:XAU), a Toronto based financial technology company operating a global, 100%-reserved gold-based financial network, today introduced a new closed-loop network integration that enables instant gold redemption and expedites direct-to-bank value settlement for 87 countries and 44 currencies, accelerating global commercial transactions and supporting small business growth. Goldmoney Personal and Business users can now…
Read moreAsian shares dropped on Monday, while the dollar index added 0.4% to 94.879, pulling away from its last week’s lowest mark since June 24. Global central bankers will join the annual mountain retreat opening on Thursday. Fed Chair Janet Yellen will also be taking part with a Friday speech. European markets opened quite lower on…
Read moreAsian stocks climbed to one-year highs on Monday. The Australian dollar also rose as investors' hunt for yield gathered momentum against a backdrop of a recovering U.S. economy and easy global monetary policy conditions. The U.S. Department of Labor said July non-farm payrolls rose by 255,000 and revised the June increase upward to 292,000. The…
Read moreThe Dubai Gold and Commodities Exchange (DGCX) reported volume metrics today for July with the exchange reported it has crossed over 11 million contracts this year already, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year (YoY) increase of 47%, driven largely by elevated trade volumes…
Read moreThe Turkish lira kept some balance, with the dollar down 2.75% at 2.9360 and reversing much of the gains it made on Friday when its highest was around 3.0476. Ankara commented that it was in control of the economy and the country. The crackdown on suspected supporters of the failed military coup was widened, taking…
Read moreSilver has jumped 47% this year, hitting a new record high last Tuesday, vaulting as much as 7% above $21 for the first time since 2014. Gold increased with 1.2% to $1,357.63 an ounce – assets in gold ETFs are at their highest level now for more than 2 years. According to Bob Takai, president…
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