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Bashar al-Assad's Syrian regime is under increasing financial pressure as the economic sanctions imposed by western states and some Arab nations are hurting the country. According to Western diplomatic sources, the Syrian government is desperately selling its foreign currency reserves and the country's gold treasures to the highest ...
Considering the dramatic smash in the gold and silver markets on Wednesday, both metals put in impressive performances yesterday – a testament to the fact that no matter what goes on the futures market, physical demand for gold and silver from around the world continues to increase. The April gold Comex futures contract gained 0.6% ...
Gold and silver have opened today on a strong note – silver in particular buoyed by signs that at long last, we may be reaching a definitive deal on a €130 billion bailout that will allow Greece to avoid defaulting on its sovereign debt. Precious metals and risk assets such as mining stocks have also been boosted by news that ...
As if the world didn’t have enough to worry about already, news of an Iranian mob attacking the British embassy in Tehran has reminded people of the inherent political fragility of the Middle East – rekindling memories of the 1979 takeover of the US embassy in the same city following the Iranian Revolution. Though markets ...
Jewellers in the United Arab Emirates are experiencing difficulties meeting rapidly growing demand for gold bullion. The strong rise in gold prices over recent months did not detract from domestic investors´ willingness to transfer capital into precious metals. On the contrary, locally operating gold traders reported that Abu ...
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