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

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

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

Polyus completes the conquest of the Pole

Polyus Gold is completing the registry change process. British Polyus Gold’s Mikhail Prokhorov and Suleiman Kerimov have announced an offer to buy the remaining free floating Russian company stock for a total of $ 1.4 billion. However, in reality, Polyus only needs to accept the owners ’offer of only 3.5% of the shares, about $ … Read morePolyus completes the conquest of the Pole

Criticism of the Fed’s monetary policy

Ben Bernanke’s speech at Jackson Hole on August 26, 2011 did not give a clear signal to markets about the Fed’s intentions regarding the third phase of quantitative easing (QE3). But don’t forget the fact that QE2 was announced by the Fed in September 2010. There are also a growing number of economists who are … Read moreCriticism of the Fed’s monetary policy