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GOLD

A collection of 7 posts

Will a gold-backed ruble make a big difference?

Will a gold-backed ruble make a big difference?

The question of the dominance of the US dollar in the global economy is an important one, certainly after the Russian invasion of Ukraine that is forcing Moscow to plan for a gold-backed ruble. The Bank of Russia has resumed gold purchases this week, but more importantly, the regulator is

COMEX Gold: Bulls Struggling Near The USD1,815.70 Resistance

COMEX Gold: Bulls Struggling Near The USD1,815.70 Resistance

Keep long positions. The COMEX Gold stuggled to move up yesterday after having written off almost all the intraday profits to close just USD2.10 higher at USD1,810.90 – still below the immediate resistance. It opened at USD1,812.10 and then gradually moved higher towards the USD1,821.

S P Setia Bags Gold for Excellence in Women Empowerment Strategy

S P Setia Bags Gold for Excellence in Women Empowerment Strategy

Setia Alam, Shah Alam – S P Setia has been awarded Gold for Excellence in Women Empowerment Strategy at the Human Resources (HR) Excellence Awards 2021 on 26 November 2021. The award is a nod to the Group’s initiatives that enable women empowerment and promote diversity and inclusion at the

Bullish bitcoin to continue into year-end!

Bullish bitcoin to continue into year-end!

JPMorgan says inflation concerns in the United States are pushing the price of bitcoin to record highs. It adds that the recent bitcoin price surge has nothing to do with the recently launched bitcoin futures exchange-traded funds. It also says investors are pulling out of gold ETFs into bitcoin funds,

Malaysia's Zafa group enters mobile gold-backed payment service

Malaysia's Zafa group enters mobile gold-backed payment service

SYDNEY, March 31 (Bernama) — Rush Gold Global (Rush Gold), the innovative fintech platform providing digital access to physical gold to retail and business markets, has signed an exciting new partnership with the Malaysian-based ZAFA Group Sdn. Bhd. to bring gold savings and payments to Mobile Network Operators (MNOs) across the

Can Opec revive oil bulls?

THERE was little excitement in the oil markets during Tuesday’s trading session; with investors on guard as the Organization of Petroleum Exporting Countries (Opec) and Non-Opec members discussed compliance levels on their output cut agreement, in Abu Dhabi. Market players seem unfazed by the constant Opec chatter, with scepticism

Swiss gold supporters suffers setback in referendum

A referendum for an increase in gold as reserves in Switzerland, which could have pushed gold prices up, saw some 78% voted against expanding central bank gold reserves to 20% of central bank assets from the current 7%. The vote is a blow to the movement to “Save Our Swiss