Gold could become dollar's main competitor, Russian oil exec says
Submitted by admin on Sat, 2024-12-07 23:24 Section: Daily DispatchesFrom Tass, Moscow
Thursday, December 5, 2024
RAS AL-KHAIMAH, United Arab Emirates -- Continued restrictions on dollar settlements in world trade will increase the opportunities for using national currencies and developing new universal instruments and gold can again become the dollar's main competitor in global trade, Rosneft CEO Igor Sechin said at the Verona Eurasian Economic Forum.
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Why does India's central bank want a hedge against dollar but not de-dollarization?
Submitted by admin on Sat, 2024-12-07 23:15 Section: Daily DispatchesBy Ravi Dutta Mishra
The Indian Express, Noida, India
Saturday, December 7, 2024
Reserve Bank of India Governor Shaktikanta Das said Friday that India is not pursuing "de-dollarization" and that recent measures promoting transactions in domestic currencies are intended to de-risk Indian trade.
The clarification came days after U.S. President-elect Donald Trump threatened "100% tariffs" against BRICS countries if they sought to reduce reliance on the US. dollar in international trade.
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African banks set up shop in China as Beijing pushes for yuan to eclipse U.S. dollar
Submitted by admin on Sat, 2024-12-07 22:28 Section: Daily DispatchesBy Jevans Nyabiage
South China Morning Post, Hong Kong
Saturday, December 7, 2024
Africa's top lenders are opening branches in major Chinese cities in a race to tap into growing trade ties between China and Africa amid Beijing's push for yuan-based transactions.
This is despite threats from the United States, where president-elect Donald Trump has said he will impose 100% tariffs on BRICs countries that pursue de-dollarisation.
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Chinese central bank resumes reporting gold purchases
Submitted by admin on Sat, 2024-12-07 09:20 Section: Daily DispatchesReuters keeps pretending they stopped.
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China's Central Bank Resumes Gold Purchases After Six-Month Hiatus
By Polina Devitt, Qiaoyi Li, Ryan Woo, and Winni Zhou
Reuters
Saturday, December 7, 2024
SHANGHAI -- China's central bank resumed buying gold for its reserves in November after a six-month pause, official data by the People's Bank of China showed today.
Rouble rebounds past 100 vs. dollar after Putin's gas payments decree
Submitted by admin on Fri, 2024-12-06 19:00 Section: Daily DispatchesBy Gleb Bryanski and Elena Fabrichnaya
Reuters
Fridqy, December 6, 2024
MOSCOW -- The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas, allowing foreign currency flows to resume.
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CME to offer 1-ounce gold futures to divert retail demand from real metal
Submitted by admin on Fri, 2024-12-06 09:05 Section: Daily DispatchesCME to Offer 1-Ounce Gold Futures to Meet Surging Demand From Retail Traders
By Yvonne Yue Li
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, December 5, 2024
CME Group Inc. will start offering a one-ounce gold futures contract in January to meet surging demand from retail investors amid bullion's record-breaking rally.
