London Gold Market Report
from Adrian Ash, BullionVault
Thurs 2 May, 08:10 EST
Shanghai’s Gold Premium “Crashes” as China Returns from Labor Day, ECB Cut Buoys Euro
LONDON PRICES for gold and silver both ticked higher Thursday morning, recovering half of Wednesday’s 2.4% and 4.6% falls respectively.
European stock markets reversed earlier losses and commodities also bounced after the European Central Bank decided – as widely expected – to cut its key interest rate to a [...]
Japan has made a decision to set up a special-purpose coastguard unit comprising 12 naval ships that would guard the disputed Senkaku (Diaoyu) Islands in the East China Sea, the islands that China claims are part of its territory.
According to the Tokyo-based media, the unit will also comprise some 400 servicemen of Japan’s Maritime Self-Defence Force, which is seen both as a border-guard and rescue service.
China publishes new maps including [...]
By Craig Stephen
HONG KONG (MarketWatch) — In a city for which making money is often considered its whole raison d’être, news that Hong Kong expatriates are tumbling down the ranks of money earners in Asia suggests that something is wrong.
If that lucrative posting to Hong Kong, even with its low tax rates, is becoming a distant memory — what else might be consigned to history?