LATEST NEWS : Swiss gold referendum likely to pass and send prices higher says Julius Baer’s Burkhard Varnholt

Swiss private bank Julius Baer’s chief investment officer Burkhard Varnholt told ArabianMoney that the gold referendum in Switzerland (click here) is likely to pass and that will send gold prices much higher next year as the Swiss Central Bank will then have no alternative but to buy gold. continue reading at arabianmoney.net

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LATEST NEWS : Understanding Gold's Massive Impact on Fed Maneuvering

ust about everyone knows Alan Greenspan. As central bankers go, he may just be the most famous ever. Even today, 1 in 6 Americans still think he’s the current chair of the Federal Reserve. As Fed chief from 1987 until 2006, Greenspan oversaw the latter part of the greatest stock bull in history. For that, […]

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LATEST NEWS : TIMELINE: The gold price and the Fed's rocky relationship

When US Federal Reserve Chairman Ben Bernanke testified in front of the US Congress in July last year he famously said he “doesn’t pretend to understand gold prices” and “nobody does”. During his successor Janet Yellen’s confirmation hearings she echoed Bernanke’s befuddlement about the gold price adding that she doesn’t “think anybody has a very […]

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LATEST NEWS : There It Goes Again — Russian Ruble Falls To New Record Lows

The Russian central bank has been forced to intervene once more in currency markets by using foreign exchange reserves to purchase rubles as the currency continued its slide. The ruble has fallen about 20% since January. Elvira Nabiullina, head of the bank, acknowledged earlier this month that if markets turned against the ruble it would not “be […]

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LATEST NEWS : The new London gold ‘fix’ – the battle has commenced

With the new procedures for setting London benchmark prices for silver (Thomson Reuters/CME Group) and platinum and palladium (The LME) the battle for the big prize – setting the London benchmark gold price (the gold fixing as it has been designated for much of the past century) – commenced with a seminar on October 24th in […]

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LATEST NEWS : Dollar in Longest Slump in 4 Months Before Fed Decision

The dollar fell for a fourth day, the longest skid since July, as signs of an uneven U.S. economic recovery pushed back bets for interest-rate increases next year before the Federal Reserve sets monetary policy. The U.S. currency touched a one-week low versus a basket of peers amid data yesterday that showed orders for durable […]

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LATEST NEWS : Markets show jitters ahead of Swiss gold vote

Gold and currencies markets are starting to show their first nerves ahead of a referendum in Switzerland that could potentially force the country’s central bank to buy thousands of metric tons of gold and never sell it, complicating its so far credible policies to hold down the franc. A ‘yes’ result in the so-called “Save […]

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LATEST NEWS : Quantitative Easing is like “treating cancer with Aspirin”

Shortly before leaving the Fed this year, Ben Bernanke rather pompously declared that Quantitative Easing “works in practice, but it doesn’t work in theory.” There is, of course, no counter-factual. We’ll never know what might have happened if the world’s central banks had not thrown trillions of dollars at the banking system, and instead let […]

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LATEST NEWS : Global shares push higher, bonds steady before Fed

World stocks and U.S bond yields extended almost three weeks of steady gains on Tuesday, as markets prepared for the Federal Reserve to formally end six years of aggressive, crisis-driven monetary stimulus. The Fed kicks off a two-day meeting later with analysts wagering that it will try to soothe the recent market volatility by reinforcing […]

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LATEST NEWS : Zero growth best hope for Germany as confidence disappears

German business confidence continued to deteriorate in October amid fears that the eurozone could enter a triple-dip recession. The Ifo Economic Institute’s closely-watched business climate index tumbled to 103.2 in October, from 104.7 in September. This was well below economists’ expectations of a slight fall to 104.5 and represents the sixth consecutive monthly decline. continue […]

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