How ‘Big’ Are ‘Big-Sized’ Commodities?
The gold price rout and the end of the gold rout
It’s no secret that many major commodities have seen their value skyrocket in recent years.The commodities that are seen as the hottest commodities include gold, silver, copper, platinum, iron ore, zinc, aluminum and many more.Gold, for example, has seen its value surge from around $100 an ounce in 2015 to a whopping $1,100 per ounce […]
Gold and foreign exchange logos from the 1930s to the 1950s
Foreign exchange gold prices have slumped on Wednesday after the Reserve Bank of Australia (RBA) said foreign exchange earnings from the country’s gold industry were likely to be the lowest since 2009, as the Federal Government moves to cut tax benefits for overseas investors.The RBA’s latest forecast for foreign exchange gold earnings shows a 0.4 […]
China to invest $2.5bn in oil and gas exploration, mining in the Pacific Ocean
Foreign exchange logo – An image from a photo of an exchange desk in the office of an Australian bank, circa 1930s, courtesy of The Australian National Archives and Research Library.Gold – A gold coin from an Australian gold production plant in the 1930’s, courtesy the National Archives.Foreign exchange – A foreign currency note issued […]
Chinese companies and state-owned oil companies have agreed to invest an additional $2bn in projects in the Asia-Pacific region, according to a new report from the International Monetary Fund.China is expected to invest around $3bn in the US and $3.5 billion in Japan, with a further $1bn coming from other Asian countries, the report said.The […]