Gold’s meltdown
has cost Russia and China about $5.4 billion. That’s the value of the two countries’
gold reserves that has been wiped out in less than three weeks as prices slump
to five-year lows, dragged down by expectations for higher US interest rates
and a stronger dollar.Bullion’s tumble is especially painful for
Russia and China,.....Read MoreFriday, 7 August 2015
Gold meltdown costs Russia and China US$5.4 bllion in three weeks
Gold’s meltdown
has cost Russia and China about $5.4 billion. That’s the value of the two countries’
gold reserves that has been wiped out in less than three weeks as prices slump
to five-year lows, dragged down by expectations for higher US interest rates
and a stronger dollar.Bullion’s tumble is especially painful for
Russia and China,.....Read More
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