China’s first batch of major official indicators this year are forecast to show that an investment recovery that began in mid-2018 is set to continue, but the economic slowdown and trade war are still undermining factory output and consumption.
money-market
Donald Trump plans Allowed Duty Free Entry of about 2000 Products into the US
US President Donald Trump delivered notice Monday he plans to end key trade preferences for India and Turkey. Trump notified Congress in letters of his “intent to terminate” trade benefits for both countries under the generalized system of preferences.
Gold Is One Wealth Fund’s Escape From Geopolitics, Credit Risk
Known as Sofaz, the fund is looking to almost double its holdings of the precious metal in 2019 to 100 tons after resuming purchases in 2018 following a five-year break.
Gold out, Beers in? Lawmaker gives Bank of England Money Saving Tips
Gold Silver Reports (GSR) – The Bank of England was asked to consider moving the gold bars out of its vaults so that space could be rented to a pub, during its first hearing before a parliament spending watchdog.
Investing in gold? Go the bond way
Gold Silver Reports (GSR) – The Reserve Bank of India (RBI) on Friday announced series 5 of the sovereign gold bond scheme for this financial year.
Gold Bond Scheme 2018-19 – Series Launched, Nominal Value of the Bond is Fixed @ Rs 3,214 per gram
The new series of sovereign gold bonds opened for subscription today and will close on 18 January. The date of issuance will be 22 January.
Govt Fixes Rs 3,214 per gram Price For Next Series of Gold Bonds
“Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode,” RBI said in a statement.