SCO & BRICS latest news and insights
— In-depth analysis and comments

By Rhod Mackenzie

Shanghai takes on London & NYC Gold Monopoly

Shanghai aims to compete with major international financial centres such as New York, London and Zurich, and secure a position as a leading custodian of foreign gold reserves. Beijing has initiated a programme to encourage other coun...

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...