countries with gold backed currency

countries with gold backed currency

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PRECIOUS PGMs jump to highest in 1 1/2 yrs, gold firms

Gold prices were slightly higher in early European trade, hovering within striking distance of a five week high of $1,1161.50 an ounce hit on Monday and taking its cue from currency markets. The launch of platinum and palladium backed exchange traded funds on the New York market has given U.S . investors their first opportunity to invest in

PRECIOUS Gold hits 3 week low on heavy investor selling

PRECIOUS Gold hits 3 week low on heavy investor selling. Published: The world's largest gold backed exchange traded fund, dollar boosts gold's appeal as an alternative asset and makes dollar priced commodities cheaper for holders of other currencies.

PRECIOUS Gold ticks higher on dollar news.alibaba.com

dollar slipped against other currencies, while silver was steady near its strongest since early 2008 on hopes of a recovery in the global economy. * The world's largest gold backed exchange traded fund, SPDR Gold Trust, said its holdings dropped to 1,292.619 tonnes by Sept 13 from 1,293.531 tonnes by Sept 10. The holdings hit a record 1,320

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PRECIOUS Gold holds around $1,060, SPDR unchanged

currency, while also making gold cheaper for investors holding other currencies. Holdings of the SPDR Gold Trust, the world's largest gold backed exchange traded fund, stood at 1,108.094 tonnes on Thursday, unchanged from the previous business day when the holdings fell 1.22 tonnes.

PRECIOUS Gold steadies below $1,000; palladium ETF

On currency markets, the dollar and yen lost ground on Monday, while the euro rose and the Australian dollar hit its strongest level in a year as shares gained following the G20 pledge to keep economic supports in place. In a sign of possible falling investor interest, the world's largest gold backed exchange traded fund,

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PRECIOUS Gold, precious metals decline as dollar firms

The dollar climbed against a basket of currencies as weaker equity markets and caution ahead of the U.S. corporate earnings while holdings of the SPDR Gold Trust, the world's largest gold outlook for the economy and the wider markets since the beginning of the year has reduced buying of precious metals backed ETFs as a safe

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The big idea is that when all else fails – including currencies – then you can always rely on gold. In effect, it's the oldest currency there is, with its own intrinsic worth as a precious metal. No wonder gold prices have spiked of late, rising 6 per cent during September as the economic news became gloomier.

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+86 151 0117 4942

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Chaoyang District Beijing, China

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+86 151 0117 4942

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