Offer & Supply

China, the world’s largest gold consumer, launched on Tuesday a gold benchmark denominated in Yuan and plans to exert a stronger influence in the global market by better controlling the prices. It will also serve to increase the international credibility of its currency.

The “liberation” of the precious metals spot prices is taking hold day after day

As the dollar fall accelerates, together with other currencies, it will only be a matter of time before investor’s money will be blocked by the bank.

Deutsche Bank has also reached a settlement in US litigation alleging the bank conspired to fix gold prices. In other words, hours after admitting it was rigging the silver market, it did the same for gold.

Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) w...

The CME curiously reported that it received notice from the Federal Reserve that it is authorized to open an account at the Fed which would “allow it to better safeguard cash deposited by its traders”

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

China increased its central bank gold reserves in March by the smallest amount since the country started releasing the data on a monthly basis last year.

China’s central bank Governor Zhou Xiaochuan said the government will make efforts to expand the use of the International Monetary Fund’s basket of reserve currencies in its domestic economy.

Since February, the gold market has been in short-squeeze mode. This is a process by which excessive speculation on the declining gold price is being eliminated. The more the price goes up, the more of those speculators are forced to buy back their short positions.