Russian National Wealth Fund Turning to Gold, Dumping Dollars

Russian National Wealth Fund Turning to Gold, Dumping Dollars

The Russian Finance Ministry has given the green light for the Russian National Wealth fund to diversify and invest in gold and other precious metals. According to a report by RT, this is part of a broader move to de-dollarize the wealth fund. The National Wealth...
Gold climbs 1.5% on U.S. stimulus bets, dipping dollar

Gold climbs 1.5% on U.S. stimulus bets, dipping dollar

Gold prices rose over 1% to a one-month peak on Thursday as the dollar spiralled lower on hopes of more coronavirus relief aid and the U.S. Federal Reserve’s pledge to funnel more cash and keep interest rates pinned low.