Russia Is Taking On China, But This Time With Cryptocurrencies
Russian President Vladimir Putin’s internet adviser plans to take advantage of the worldwide bitcoin craze by generating $100 million in a bid to compete with China’s fast-growing digital mining efforts.
Read moreExpect ‘Sideways’ Trading For Gold Says UBS
Despite gold’s mid-week rally, one major bank still expects “sideways” trading for the yellow metal in the second half of this year.
This Analysts Warns Gold Bears To Watch Out
Gold prices are recovering from post-jobs weakness and one analyst says the markets might have “overreacted” to the economic data point.
ETF Securities Sees More Potential In Gold vs Producers
(Kitco News) – Investing in commodity producers is not the same as investing in the underlying commodity and investors could be leaving some money on the table staying away from raw assets warns one investment firm.
Read moreBond King Jeffrey Gundlach Sees Bullish Pattern In Gold
(Kitco News) – Famed investor and “Bond King,” Jeffry Gundlach, continues to see potential for gold as he remains bearish on stocks and U.S. Treasuries.
FXTM: Gold Draws Safe-Haven Buying On North Korean Tensions
Both gold and the Japanese yen have drawn safe-haven buying following a warning from U.S. President Donald Trump to North Korea saying that any threat from the North Korean regime would be met with “fire and fury,” says Jameel Aymad
Tahoe Reports 2Q Profit; Dividend Suspended Due To Escobal
Tahoe Resources Inc. (TSX: THO; NYSE: TAHO) reports that earnings were $33.5 million, or 11 cents per share, in the second quarter.
Read moreHigh Geopolitical Anxiety Boosts Safe-Haven Gold
Gold prices are solidly higher in early U.S. trading Wednesday, on safe-haven demand.
Read moreU.K. Bans Paying Wages In Gold In Attempt To Curb Tax Evasion
It is no longer legal for employers to pay salaries in gold bullion, ruled an expert tax avoidance panel in the U.K.
Read moreIs The Top In As Australian Miners Increase Hedging?
A stronger Australian dollar is not fazing the nation’s gold miners, as they tackle growing currency market volatility with a long established risk management tool – hedging, according to one mining consultancy firm.