Tag Archives: Dollar

Plunging US dollar boosts gold’s safe-haven demand

Gold prices have edged up on the back of a tumbling US dollar which, according to analysts, has set the stage for a new bull market for the precious metal. Experts project higher gold prices in the near-term. The yellow metal was trading at $ 1,354.65 an ounce as of 10:20 GMT on Thursday, after enjoying its best trading day ...

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Russia looks to dump US dollar in settlements with Iran

Moscow and Tehran are continuing talks on using national currencies in trade, according to Russia’s Ambassador to Iran Levan Dzhagaryan. Read more He told TASS that “central banks” working groups have met several times. “As far as we can understand, negotiations are underway,” Dzhagaryan said. “We hope that in 2018 we shall achieve progress and will be able to use ...

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Gold price could smash $10,000 on crashing dollar & other factors – Jim Rickards

A weak US dollar, a possible war between the US and North Korea or the impeachment of Donald Trump could result in one of the longest-ever rallies for gold, according to precious metals expert Jim Rickards. Read more “This is gold’s breakout year. We are in the third bull market of my lifetime – and we have a very long ...

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Investors dump US dollar & rush to gold

The gold price rose to its highest level in more than a year on Thursday as investors seek a safe haven after the US dollar dipped to a three-year low against a basket of six major currencies. The precious metal rose as high as $ 1,370 during the trading session before dropping six dollars, but still trading in the green compared ...

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US dollar crashes to 3yr lows against major currencies

The greenback has touched the lowest level against major global currencies since 2015. This comes after the US treasury secretary announced that Washington favors a weak dollar in trade. Addressing the World Economic Forum in Davos, Switzerland, Steven Mnuchin said that a weaker dollar “is good for us as it relates to trade and opportunities.” Read more The ICE US ...

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Kim Dotcom files multi-billion dollar lawsuit against US & NZ governments

Internet entrepreneur Kim Dotcom is suing the New Zealand and US governments for billions of dollars in damages over his arrest in 2012 and the subsequent collapse of his business. Papers filed in the New Zealand High Court claim the government pursued an erroneous arrest warrant with malice and without proper legal disclosure. The Megaupload founder is now seeking damages ...

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Russian ruble prepared for global expansion as dollar dependency drops

The ruble can play a greater role in the former Soviet republics, according to the Central Bank of Russia. The Russian currency is seeking to compete with the US dollar in trade with the Eurasian Economic Union and CIS countries. The country’s central bank says by 2035 the ruble can expand in the EEU, a trade and political bloc uniting ...

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Pakistan brings Chinese yuan on par with US dollar for investment & trade with Beijing

Published time: 4 Jan, 2018 15:22 Pakistani companies have been given a green light to use the Chinese yuan in trade with Beijing, which could potentially sideline the US dollar and other currencies used there. The move coincides with a US-Pakistan aid row. The State Bank of Pakistan (SBP) said it “has taken comprehensive policy-related measures to ensure that imports, ...

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US Dollar & cryptocurrency are both virtual bubbles, says Russian bishop

Published time: 30 Dec, 2017 18:04 A top Russian Orthodox clergyman has warned of the “danger” of cryptocurrencies and modern financial instruments, saying its virtual nature makes it unpredictable and a tool for “usury.” “I personally think that cryptocurrency is a new financial bubble, a new Ponzi scheme, behind which there is nothing,” said Bishop Hilarion, chairman of the Department ...

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Apple facing trillion dollar lawsuit for reducing processing speed of aging iPhones

Published time: 27 Dec, 2017 14:36 A US woman is suing Apple for nearly one trillion dollars after the company acknowledged it had deliberately slowed down iPhones as they get older. The US tech giant now faces nine suits over the issue. Read more Violetta Mailyan is reportedly seeking compensation, demanding Apple pay her $ 999,999,999,000. At least eight other ...

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