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R3, a financial innovation firm, has announced that an additional 13 banks have joined its effort to design and apply distributed ledger technologies to international financial markets.
Gold Investing News, part of the Investing News Network, announced the launch of the Is Gold a Good Investment? Gold Price Forecast 2015 Report. This free report includes insights from the analysts and editors of Gold Investing News as well as interviews and expert opinions from gold analysts on the
Vale (NYSE:VALE) recently announced plans to cut 25 to 30 million tonnes of unprofitable iron ore production and replace it with cheaper operations, the Australian Financial Review reported. The company is sticking with its supply target of 340 million tonnes of iron ore, placing more pressure on its iron ore
China is moving in on the gold market. Last week, a Chinese bank was finally added to the LBMA gold price last week, and this week China revealed that it’s looking at launching a yuan-denominated gold fix by the end of the year.
BloombergBusiness reported that the US Department of Justice has started an examination of trading the US Treasury market. The US government is also looking at possible collusion in the gold and silver markets, plus trading around “certain oil benchmarks.”
The gold price fell on Tuesday as unexpectedly strong US economic news pushed the dollar’s value up relative to a basket of other currencies. Specifically, spot gold dipped 2 percent, to $1,185.35 an ounce.
Mineweb reported that Barclays Capital has lowered its price forecasts for 2015 due to the weaker-than-expected Chinese consumption of platinum and palladium.
On March 20, 2015, the London gold fix will be replaced by the LBMA gold price. Here’s a breakdown of what exactly that transition will mean for investors and for the gold price.
Prosecutors from the Department of Justice’s antitrust division are looking at the London price-setting processes for gold, silver, platinum and palladium, while the CFTC has opened a civil investigation.
Silver decreased on Wednesday, falling from a one-month high the day before.
The currency of Malaysia, the ringgit, slid to the weakest level in more than five years, as falling crude prices slackened the net-oil-exporting nation’s growth outlook.
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