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

Gold rally amid slowing inflation: what’s going on?

Inflation eased slightly in July but remained alarmingly high. According to the latest BLS inflation report, the CPI rose 0.5% in July after rising 0.9% in June. The core CPI, which excludes food and energy, also softened, adding 0.3% in July after rising 0.9% in June. The slowdown was mainly driven by a much smaller … Read moreGold rally amid slowing inflation: what’s going on?