SCO & BRICS latest news and insights
The situation with gold is paradoxical. While the price of gold in dollars is reaching unprecedented heights on the global market, the price in rubles is experiencing a decline in Russia. In Russia, the price of gold has decreased from 9,000 to less than 8,000 rubles per gram. What are the driving f...
There is a transatlantic gold rush taking place – the mass outflow of gold from London vaults to New York –this an unusual occurrence, the reason for which is not yet clear. The most common explanations is fear, but open ups space for conspiracy theories. .In recent weeks, the gold market has seen...
Russia has accumulated a record gold reserve in the last twenty-five years. In January, the share of gold in Russian reserves reached 33.3%, representing the highest figure since autumn 1999. The value of the gold reserves exceeded 200 billion dollars. Could this signal a shift away from the dollar,...
Gold has become a new way of saving for Russians. Last year saw the highest volume of purchases of gold bars, coins and jewellery in a decade. Russia was among the top five gold-loving countries. Why has demand for this type of investment soared, and what happened to the love of dollars and euros,...
As most of you are aware it was a good year for the gold price as it was up over 30% year on year but from a BRICS and SCO pesrpective it was excellent as both China and Russia are the World's two top gold producers and between them mine around 30% of Global production.Given that annual production i...
The year of 2024 has been a momentous one for the gold, during the year gold first consolidated its breakthrough of the physcological barrier of $2000 per oz to then traverse the $2,500 mark with analysts now predicting the gold price in 2025 to exceed $3000 due to concerns regarding the situation w...
