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Gold Rebounds Toward $2,000 After Dollar Drops to Two-Year Low
BySirhcA worker plunges a gold ingot into a cooling bath at the Uralelectromed Copper Refinery, operated by Ural Mining and Metallurgical Co. (UMMC), in Verkhnyaya Pyshma, Russia, on Thursday, July 30, 2020. Gold surged to a fresh record Friday fueled by a weaker dollar and low interest rates. Silver headed for its best month since…
Goldman Sachs has a new blowout forecast for gold
BySirhcCritical information for the U.S. trading day A weaker day is setting up for stocks on Tuesday, as optimism over U.S. stimulus progress and vaccine news starts to fade, and attention turns to the start of a two-day Federal Reserve meeting. The asset that stole the show on Monday, of course, was gold GCQ20, 0.69%, which climbed to…
New applications for platinum as a catalyst – a use discovered over two centuries ago – are still being discovered
BySirhcIn the early decades of the nineteenth century scientist Sir Humphry Davy stumbled upon the phenomenon of heterogeneous catalytic oxidation when working on the development of the first-ever miner’s safety lamp. By inserting a platinum wire near the ignited wick of the lamp, Davy found it would catalyse the continued oxidation of coal gas. This…
US Mint 2019 Bullion Sales
BySirhcUnited States Mint bullion sales were unchanged. Below is a sales breakdown of U.S. Mint bullion products with columns listing the number of coins sold during varying periods.
India raises silver import duty to align with gold
BySirhcSource: Yahoo Finance Wed, 1 February 2023 at 2:22 am GMT-6·1-min read MUMBAI (Reuters) – India raised total taxes on silver imports 15% and on silver dore to 14.35%, the government said in a statement on Wednesday, in an effort to align the duty structure of the metal with gold. The south Asian country is…
JP MORGAN WARNS: ‘DOLLAR COULD LOSE STATUS AS WORLD’S DOMINANT CURRENCY’
BySirhcAmerica’s largest bank sounds alarm in face of skyrocketing debt, rise of China Courtesy of Infowars by Jamie White | JULY 24, 2019 IMAGE CREDITS: PONY WANG/GETTY. JPMorgan’s Private Bank released a statement to investors warning that not only could the dollar lose its world reserve currency status, but could also “lose its status as the world’s…