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The International Monetary Fund (IMF) has said the UK economy is “on the mend” and has backed the coalition government’s plans to cut spending. The IMF described the deficit reduction plan as “essential” in supporting the UK’s debt position, and said it “supported a balanced recovery”. The body also said that the UK economy would [...]
Posts Tagged ‘IMF’
Gold price touches $1,300 record high
Posted by arif on September 27th, 2010
The price of the precious metal reached $1,300.07 during trading at the London bullion market, before dipping back. The latest rise has been spurred by caution over the global economy, as well as weakness in the US dollar – the currency used to value gold – which fell 1% against the euro. The gold price [...]
Gold Strategies of Central Banks….
Posted by arif on September 20th, 2009
We all know that the biggest demand for gold comes from central banks. Just how has their buying or selling strategy been over the last 12 months? Is their strategy influenced by the amount of USD being printed into circulation? Are they afraid of the dollar not being able to uphold its long term value? [...]
Posted in Featured, General Finance 
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