As China continues its ascent towards global economic superpower status, its currency may soon rival the dollar for dominance. Here's a look at the jockeying between U.S. and the Chinese, and ask, "What is one to do in order to prepare?"
Each week, Your News to Know covers the latest, most interesting and relevant news about gold, precious metals and the overall economy. Stories this week include: the world's wealthy are snapping up gold, the U.S. Mint has its highest monthly sales of American Eagle bullion coins since January, and Apple will offer the new iPad in gold. Read to explore in depth.
Each and every week, we offer you the latest and most relevant news about the economy and the market of gold and precious metals. Here’s what we gathered for you this week: Gold hits a six-week high, gold demand from India picks up, and Russia’s gold rush continues. Read more.
The value of precious metal holdings by Chinese banks has jumped 66 percent from a year ago as lenders lease more metals in an environment of tougher borrowing rules where funds are more difficult to lend. Reserves of gold and other precious metals by China’s four biggest lenders were estimated at 378 billion yuan ($62 billion) at the end of the second quarter. Read on to get all the details.
Gold has had a dull year but on the heels of the Fed’s announcement to delay raising interest rates and struggling world economies, the metal is staging a big comeback. What does this mean for the future of the metal? Find out here.