Thursday, March 11, 2010
The National People’s Congress (NPC) which is the Chinese parliament is thinking about referring to a blue print when it comes to trading in the forex and gold position of the country.
The 2010 blueprint of the economic stand of the country was made known officially during the plenary’s opening. It is said that this blueprint [...]
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Tuesday, January 12, 2010
The gold and foreign reserve exchange of South Africa was not as it was expected. December 2009 saw it fall as the dollar gained strength and the fall in gold prices. This was the official data that was released on Friday.
According to the Reserve Bank in Decembers the country’s net liquidity position had fallen to [...]
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Wednesday, December 2, 2009
If you have followed forex market even with less attention, you might have noticed the increase in gold prices. While this consistent increase in the price of gold has affected various currencies, there is one currency that has taken advantage of gold price increase and it is the Canadian dollar.
On Wednesday, Dec 2nd, Canadian dollar [...]
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Saturday, November 28, 2009
Most people trade in gold as well as in the forex market and this has been highly lucrative for them. Gold prices again have reached an all time high and you would have noticed it if you follow their price rise.
Gold has been breaking new records and has reached a historical high of $1,000 for [...]
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Saturday, November 28, 2009
On Tuesday the Asian trade reportedly had Gold falling to $1161.60 and went back up by $6.55 to $1171.15 in London and then it went down again in the US trade.
The New York dealing saw Gold ending at 0.1% which was a sure gain and on the same day closed at a record high of [...]
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Saturday, November 28, 2009
After India purchased 200 tones of gold from the IMF it is now enjoying a new status as owning the highest gold reserves on the basis of the total forex reserves and this is a calculation among all of the Bric nations. With almost $17.5 billion in gold reserves alone which is just about 6.66% [...]
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Wednesday, November 25, 2009
It’s been a while now since risk trading worked its way into the Asian trading markets. Although only Nikkei was left behind in the race, the regional equities were really doing well. Gold had no surprises and went up $ 1165.30 oz and is expected to grow even further while the Fed maintains its stimulus [...]
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