Newsblare

Commodities & Currency

China is buying gold aggressively: Decoding the possibilities

As gold prices surpasses the $2,300 mark for the very first time, due to geopolitical tensions and expectation of the US interest rate cuts, China’s role in yellow metal’s demand is now under spotlight. The People’s Bank of China (PBC) continues to lead the race, buying gold for 17 consecutive months. As a result of

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Commodities & Currency

Should you be adding gold and silver in your portfolio?

As far as investing in equity market is concerned, the mutual fund houses exactly have all the ideas to keep the investors hooked. At time, they plan to launch same kinds of mutual funds but under different names along with different asset allocations, while in others, they intend to include some commodities to see some

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Commodities & Currency

India’s Gold Demand Drops 3% in 2023 amidst Soaring Prices: World Gold Council

In 2023, Mumbai, India’s gold demand declined by 3 per cent to 747.5 tonnes, and if prices hold out and do not substantially fluctuate, demand could jump to 800-900 tonnes. According to the World Gold Council (WGC) Gold Demand Trends report 2023, the country’s total gold demand stood at 774.1 tonnes in 2022. In 2023,

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Commodities & Currency

Pakistan to Introduce New Currency Notes to Battle Counterfeit Money

The Pakistan central bank announced that it would introduce new currency notes with enhanced security features to combat counterfeiting. State Bank of Pakistan Governor Jameel Ahmed told the media here that the new currency notes will have advanced international security features, including distinct security numbers and designs. According to news agency PTI, the State bank

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Commodities & Currency

Relevance of Pip Calculator In Forex Trading

The popularity of forex trading has been skyrocketing in the past few years. Thanks to all the advanced trading platforms and automated tools that made the forex market easier for ordinary people like us to access and navigate. But getting enough education is a must before becoming an independent forex trader. ‘Pip’ is one of

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Commodities & Currency

This Is How to Tell the Difference Between Brass and Gold

Gold and brass are two distinct metals, each possessing unique qualities and characteristics. While gold is celebrated for its timeless beauty and considerable value, brass is a more common metal often used in various applications.  If you’re interested in investing in gold or understanding the different types of gold, it’s essential to know how to

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Commodities & Currency

Federal Reserve’s impact on different asset classes

The US Treasury yields saw a significant decline in the week gone by after the Chair of US Fed failed to direct investors toward pricing more tightening of monetary policy. After from this, the US employment data exhibited a significant slowdown in hiring activity. Large retreat in yields adversely impacted the US dollar, resulting in significant

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Commodities & Currency

Gold Prices Surge to an 11-Week High Amid Middle East Tensions

Safe-haven buying fueled gold prices to an 11-week high on Wednesday, as the front-month Comex futures price approached $2,000 an ounce. At 7 am Sydney time, the front-month contract surged by over $26 or over 1.3%, to just over $1,963. Despite higher bond yields and a strengthening greenback, Comex gold prices have climbed 4% over

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Commodities & Currency

Why Chinese yuan will struggle to challenge the dominance of the US dollar

Despite slow and steady global de-dollarization, the Chinese yuan has little chance of dethroning the US dollar. It makes sense for China to want its yuan, or a collective of other currencies, to break up the dominance of the dollar, according to a note by GlobalData TS Lombard’s Skylar Montgomery. Montgomery says the dollar’s reserve

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Commodities & Currency

10 Most Strongest Currencies In The World

Have you ever thought about which are the Strongest currencies in the world? No? You all must be thinking that it is the British Pound (GBP) or U.S Dollar (USD). Well, think again about this, you must be wrong. 180 Currencies are recognized by the United Nations used in 195 Countries in all over the

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