The Race is On: When Will the World Run Out of Gold?
Published: Tuesday, 07 March 2023 06:10 | 
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Gold is famous for its rarity and that likely won’t change any time soon. In fact, the global demand for gold hit a decade peak in 2022 while its supply continues its nearly 7-year plateau. So gold is in high demand, but will it run out any time soon? The Earth has a limited amount of gold in its crust and experts are estimating that it may be unsustainable to mine gold by 2050. Compared...
Why Central Banks Drove Global Gold Demand to Decade High in 2022
Published: Tuesday, 07 March 2023 06:09 | |
| Global gold demand rocketed to a new decade high in 2022 and it wasn’t retail buyers or investment firms driving the increase. It was the central banks. According to a report by the World Gold Council (WGC), central banks purchased the most gold since 1950 in 2022. It revealed that central banks purchased a whopping 1,136 tons of gold in 2022, an incredible 152% increase...
China Says U.S. Relations Have Left ‘Rational Path,’ Warns of Conflict Unless They ‘Hit the Brake'
Published: Tuesday, 07 March 2023 06:07 | |
| "If the U.S. does not hit the brake but continue to speed down the wrong path, no amount of guardrails can prevent derailing and there will surely be conflict and confrontation," Qin said.
China Says Must Advance Relations With Russia as World Becomes More Turbulent
Published: Tuesday, 07 March 2023 06:04 | |
| China, which has refused to name Russia as the aggressor in the Ukraine conflict, has often criticised the United States for bullying other countries with unilateral sanctions.
China’s Trade With Russia Surges at Double-Digit Pace in Jan-Feb
Published: Tuesday, 07 March 2023 06:02 | |
| China's exports and imports with Russia surged at a double-digit pace in January-February from a year earlier, customs data showed on Tuesday, as China said it had to advance relations with its northern neighbour in an increasingly turbulent world.