Venezuela hopes to have gold frozen by Britain returned in order to buy food and medical supplies amid Covid-19 pandemic

Venezuela has reached a deal with the United Nations to use its gold – frozen by the Bank of England – to fund necessary food and medical purchases during the Covid-19 outbreak, Reuters reported, citing the nation’s central bank. … Read More >Venezuela hopes to have gold frozen by Britain returned in order to buy food and medical supplies amid Covid-19 pandemic

‘Obstruction attempt’: Iran rejects US claim that it’s hoarding Venezuela’s gold as payment for economic aid

An Iranian Foreign Ministry spokesperson has said that Washington is using false accusations to ramp up its pressure campaign in Venezuela following US claims that Caracas has sent planes loaded with golden bars to Tehran. … Read More >‘Obstruction attempt’: Iran rejects US claim that it’s hoarding Venezuela’s gold as payment for economic aid

‘The Fed can’t print gold:’ Bank of America sees bullion price surge to $3,000 as paper money crumbles

At a time of weak economic growth and increased market volatility, analysts are getting more bullish on gold. According to Bank of America, the precious metal is headed 78 percent higher, to hit $3,000 per ounce in 18 months. … Read More >‘The Fed can’t print gold:’ Bank of America sees bullion price surge to $3,000 as paper money crumbles