China’s gold buying continued in March
The People’s Bank of China (PBOC) increased its gold holdings for the fourth straight month in March, bringing total reserves to 60.62 million ounces. The move is part of China’s […]
Finance
Kuwait: the hub of Islamic finance is emerging
The Kuwaiti banking sector enjoyed another strong year of growth in 2018. But the country’s Islamic banks emerged as the standout performers within this wider story. By most performance metrics, […]
Stoxx 600: an important price test for the next period
In December 2018, I wrote an article about the STOXX 600 Index pointing out that its price reached an area where some kind of reaction, even though there were no […]
Forex: XAU/USD is at 1,290.00
During Wednesday’s session, the yellow metal was supported by the 55-hour simple moving average to end the day at 1,290.00. On Thursday, the 55-hour and the 100-hour SMAs supported the […]
OPEC and its future
OPEC’s obituary has been written many times since its inception in 1960, but the cartel always finds a way to set aside internal disputes in the name of maintaining higher […]
Trump is looking at Saudi Arabia for the oil price
U.S. President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could become a […]
Russian Banks are developing Artificial Intelligence in the system
Russian banks are stepping up the use of artificial intelligence (AI) as the technology’s unprecedented evolution looks set to see it boost their competitiveness, but shortages of people with the […]
Gold Rush of Russia
Russia’s hunger for gold continues to grow, with freshly released Central Bank data showing reserves climbing by 31.1 tonnes, or 1.5 per cent of total reserves, in the month of […]