Europen Union

The GBP/USD rose to 1.3214, the highest level since October 16 last year backed by rising hopes of avoiding hard Brexit scenario. The UK Prime Minister Theresa May privately the government members that the UK will avoid the hard Brexit. The European Commission has proposed arrangements on aviation...

So gold did not go to $2,000 an ounce by the end of September as was discussed last month, but that does not mean it will not get there, eventually. Gold gave back almost all of the gain it had in August (12%) in September, as the short term mentality of "return of capital, not return on capital...

We discussed the reasons last month why gold would go to $2,000 an ounce by the end of August. That did not happen, and fell well short of that level, closing at roughly $1,830 an ounce. Still, gold had a spectacular month, gaining 12% during August, thanks in part to worries over the S&P...

According to a report from the Wall Street Journal, The Royal Bank of Scotland (NYSE: RBS) is still being hit by High Debt Charges reaching GBP 10.8 billion, up from GBP 2.76 a year earlier. For the last quarter, RBS has reported impairment losses amounting to $3.28 billion, which is up compared to...