In its first meeting with Jay Powell in the chair, the Federal Open Market Committee (FOMC) of the United States Federal Reserve raised the nation’s benchmark interest rate by a quarter-point to a range of 1.5 to 1.75 percent, exactly one point higher than one year ago at this time.

If countries are unable to obtain dollars for their Central Bank reserves, they will have to look for a substitute. And the only substitute will have to be GOLD.

The leadership of the Hungarian National Bank (MNB) has decided to bring back home Hungary’s gold reserves.

Russian Central Bank gold reserves rise to 1,857 tons in january, passing People’s Bank of China’s 1,843 ton gold hoard.

Gold prices climbed nearly 2 percent on Wednesday, rebounding from early losses that followed stronger-than-expected U.S. inflation data, as the dollar surrendered gains and equities swung higher.

Jerome “Jay” Powell took the reins of the United States Federal Reserve today, pledging continuity and transparency from the central bank in the wake of continuing good economic performance.

Already established in Europe and the United States, FDR Capital Goup, that manages the Goldbroker.com platform, specialized in the purchasing and storage of precious metals for clients in their own name, is continuing its international development with the opening of a branch office in Hong Kong.

A major breakout in Gold this year and its effect on Silver is just one reason why Silver could have a big year.

U.S. prosecutors on Monday announced that they had settled charges against three European banking giants, HSBC, UBS and Deutsche Bank, for manipulating the markets for precious metals, including gold and silver, and filed charges against eight people, including some of their former traders.

The key message of this update is that gold is getting closer and closer to breaking out of a giant Head-and-Shoulders base pattern that started to form back in the middle of 2013 and to point out that it won’t be stopped from doing so by any minor short-term reaction.

Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold was accompanied by a rapid rise in the gold futures open interest on the COMEX. The “commercial” – aka “the banks” – net short position in COMEX gold futures has increased by 100,000 contracts (from 120 net short to 220k net short) in just four weeks through the most recent COT report. That’s a net paper gold short of 22 million ozs, or 623 tonnes of paper sold short.

Gold’s outperformed most major assets since the U.S Federal Reserve last month raised interest rates -- even bitcoin.

The combination of fundamental, technical and geopolitical factors is converging in 2018 in a way we have not seen since the late 1970s. The new bull market in gold will be even more powerful than the 1971–1980 bull market and the 1999–2011 bull market.

Many investors in gold say the price of the precious metal is artificially curbed because of the paper gold trading on Western exchanges.

In this list you will find the many time-tested reasons (along with several new ones) why 2018 is the time to add gold bullion, or add more of it, to your holdings.

As predicted by virtually everybody, even itself, the United States Federal Reserve lifted its benchmark interest rate by 0.25 to a maximum 1.5% at its December meeting.

That's right: as of this moment it is official that bitcoin is now the biggest bubble in history, having surpassed the Tulip Mania of 1634-1637.

The BRICS counties are considering starting an internal gold trading platform, according to Russian officials. When this happens, the global economy will be significantly reshaped, and the West will lose its dominance, predicts a precious metals expert.

Rickards expects gold to go to $10,000 an ounce as some central banks may have to resort to the gold standard to restore confidence in the markets.

Russia's federal budget is prepared for the possible toughening of US sanctions. However, "If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism," said Russian Finance Minister Anton Siluanov.