Search Results for: Gold
Global Crisis: Goldman Sachs Says That Brazil Has Plunged Into ‘An Outright Depression’
December 2nd, 2015
One of the most important banks in the western world says that the 7th largest economy on the entire planet has entered a full-blown economic depression. Brazil’s economy has now contracted for three quarters in a row, and many ...
Goldman Sachs Seeking Crypto Trade Settlement Patent
December 2nd, 2015
Goldman Sachs filed a patent application last month for a securities settlement system based on a new cryptocurrency called “SETLcoin”. In a US Patent & Trademark Office application, dated 19th November, Goldman Sachs outlines a “Cryptographic Currency For Securities Settlement” that allows ...
Gold dips, set for biggest monthly loss in more than 2 years
November 30th, 2015
Gold futures edged lower Monday, keeping the metal on track for its biggest monthly drop in more than two years. Gold for December delivery GCZ5, -0.12% fell by $1.40, or 0.1%, to $1,054.80 an ounce, while December silver SIZ5, ...
Gold Prices Waver as Fed Decision Awaited
November 27th, 2015
Dollar’s appreciation exerted some pressure on prices Gold prices were slightly lower on the London spot market on Thursday, as the metal fluctuated between fractional losses and gains as investors await the Federal Reserve’s decision on U.S. rates next ...
Former Goldman Employee Charged With Insider Trading Before Mergers
November 26th, 2015
The Securities and Exchange Commission announced insider trading charges against a former Goldman Sachs employee accused of stealing nonpublic information in the firm’s e-mail system so he could trade illegally in advance of client mergers and make more than ...
Gold prices set to recover from 5-yr lows in 2016 – HSBC
November 26th, 2015
Gold will finally bounce back in 2016 after repeatedly hitting five-year lows in recent months, HSBC said in a report on Wednesday. The bank sees gold averaging $1,160 this year, $1,205 next year, $1,300 in 2017 and $1,325 over ...
Retail gold prices drop as much as Dh11.75 in one month
November 23rd, 2015
Majority of retail investors expect prices to decline further this week Gold’s retail price in Dubai has dropped by more than Dh11 per gram in just about one month, thanks to rising expectations that the Federal Reserve in the ...
Dubai gold prices down for second day
November 19th, 2015
Retail rates drop by Dh2 per gram in two days as US dollar strengthens Gold extended its loss for the second straight day, dropping by as much as Dh2 per gram on Wednesday morning, as the US dollar climbed ...
Gold Prices Rise as Paris Attacks Spark Safe-Haven Demand
November 17th, 2015
Gold’s gains could be short lived, analysts say, as the market refocuses on the U.S. Federal Reserve Gold prices rose, breaking a three-session losing streak as the terror attacks in Paris sparked safe-haven demand for the metal. The precious metal has ...
10 countries hoarding enormous mountains of gold
November 16th, 2015
Say what you want about gold. But central banks just can’t get enough of the yellow metal. For the third quarter of 2015, central banks continued to bulk up their gold reserves, adding 175 tonnes to official reserves, according to the ...
