Potential End of Dollar-based Oil Deals Helps Gold Shine
October 7, 2009 by goldguru · Leave a Comment
By Myra P. Saefong, MarketWatch Oct. 6, 2009, 5:07 a.m. EDT TOKYO (MarketWatch) — Growing speculation over the potential end to dollar-based trading in the oil market may be part of the reason gold prices have rallied beyond $1,020 an ounce to stand near their highest level in 18 months. And the strength was kept [...]
Chinese bank launches new department to boost gold investment
September 9, 2009 by goldguru · Leave a Comment
A major Chinese bank is launching a new precious metals department to meet rising demand for gold investment. Industrial & Commercial Bank of China (ICBC) – the largest bank in the world based on market value – is starting up its own metals business that will see the institution represent trade and financing clients, Reuters [...]
