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Nalezeno "1 oz of gold": 2180

Central Banks Resumed Gold Purchases in June


Central banks ramped up gold purchases in June, according to statistics from the International Monetary Fund (IMF). In this period, central banks added 55 tonnes of gold to their reserves after three months of net selling, with China purchasing the most gold (21 tonnes). Central Banks Back...

Bolivian Central Bank Using Chinese Yuan for International Settlements


Economy Minister Marcelo Montenegro acknowledged that the Bolivian Central Bank is harnessing the Chinese yuan in its commercial settlements. The switch to using the Chinese currency has to do with the dollar scarcity that the country is facing, having to approve a law to sell part of its gold...

Algeria Readies $1.5B BRICS Bid: Major Move for Membership in the Cards?


As quoted by Ennahar TV, Algerian president Abdelmadjid Tebboune has signaled that Algeria — Africa’s largest nation — is eager to align itself with the BRICS coalition. He conveyed that this significant alignment with the five major emerging economies could potentially unlock unprecedented...

Xbox Live Gold Ending After 18 Years As Microsoft Launches Game Pass Core


After nearly two decades, Xbox Live Gold will die on September 14. In its place is Xbox Game Pass Core, a cheaper version of the Game Pass service that’ll allow gamers to play online together, as well as offer a curated selection of games to play. And, yes, that also means Games with Gold is going...

IMF Has Not Seen Specific Proposal on BRICS Currency


The International Monetary Fund (IMF) has not seen any specific proposal on a common BRICS currency. However, the IMF acknowledges the presence of “slow-moving trends” indicating shifts in the currency composition of reserves and trade. The Fund’s statement followed reports that...

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