BNP Paribas has raised its gold price forecast

“There are reasons to increase our gold price forecasts in recent weeks,” said Anna-Laura Tremblay, an analyst at BNP Paribas. The decision to keep interest rates close to zero until 2013. In this context, gold prices rose 18% on August 23 to a record high of $ 1912 per ounce. “ The strengthening trend towards … Read moreBNP Paribas has raised its gold price forecast

U.S. government faces third largest deficit of 2021 in July

The July budget deficit was $ 302.05 billion. This figure was surpassed only by the figures for February ($ 310 billion) and March ($ 600 billion). There are 2 months left before the end of the fiscal year, and according to the latest Treasury report, the deficit for the year is $ 2.54 trillion. Amounts … Read moreU.S. government faces third largest deficit of 2021 in July

Gold and franc remain safe assets

Gold and the Swiss franc remain safe and sound investments during the storm in global financial markets. Switzerland’s central bank has temporarily abandoned the idea of ​​interfering with the franc to weaken it and now the Swiss franc will remain a strong and reliable currency. Gold feels pretty confident now and is trading around $ … Read moreGold and franc remain safe assets

Big Trick for a Small Coin: John Jay Pittman’s Legendary Trading Strategy

In the end, being overly obvious can leave the buyer vulnerable to competitors who can inflate the price by outbidding them. In some cases, bidders agreed with the auctioneer for special cues prior to selling, including subtle movements such as flicking a pen or raising an eyebrow. Applicants usually used little tricks to get important … Read moreBig Trick for a Small Coin: John Jay Pittman’s Legendary Trading Strategy

Colombia bought gold for the first time since 1998

Colombia joined the list of gold-buying countries in July 2011 for the first time in 13 years, along with Russia, which has been accumulating its gold reserves for some time to diversify its foreign exchange reserves. The International Monetary Fund (IMF) has released gold data for July, showing that Russia ranks eighth on the list … Read moreColombia bought gold for the first time since 1998