Category: DOLLAR

Why does Austria wish to repatriate its gold ?

Why does Austria wish to repatriate its gold ?

Many central banks around the world are aware the international monetary system is moving away from the US dollar and that the role of gold will (officially) be much greater in the future. In this development central banks benefit from a smooth and slow transition to a new system, as sudden shocks will bring the global economy […]

China 2014 gold demand heading for 2,100 tonnes

China 2014 gold demand heading for 2,100 tonnes

With gold withdrawals from the Shanghai Gold Exchange having reached 1,761 tonnes by November 14, and weekly withdrawals since the Golden Week holiday at the beginning of October averaging comfortably over 50 tonnes, China looks to be heading for an annual demand total (SGE gold withdrawals equate to overall demand) of comfortably over 2,000 tonnes […]

Dollar up, gold down; why?

Dollar up, gold down; why?

The U.S. Dollar Index closed last Friday at 84.25. For the ninth consecutive week, the Dollar Index has finished higher than the quote from the end of the previous week. This is the longest string of consecutive weekly increases since the first quarter of 1997. The U.S. dollar reached its highest level in six years […]