Market News

IMF slashes growth forecast as Chinas slowing GDP juggernaut hits 25-year lows

Investment | January 19, 2016

If you needed any more proof that the world economy is slowing, then look to the latest growth report on the worlds second-largest economy, China. The International Monetary Fund already has, and its cutting its global GDP outlook for the third time in a year. Chinas GDP for 2015 came in at 6.9% for the […]

Gold could surge in 2016 as potential supply crunch unfolds

Market News | January 18, 2016

Gold production likely has peaked and the stars have now aligned for a potential gold supply crunch in the near future, according to the metal experts at Thomson Reuters GFMS. Falling prices since the record peak in 2011 have slammed the mining industry, forcing companies to cut costs by curtailing new exploration, halting production, and […]

“Except for gold, all other assets are just bubbles”, burned Chinese investor says

Investment | January 18, 2016

With equity prices on the Shanghai stock market down about 40% since June 2014 and falling into bear territory last week, Chinese investors are renewing their love affair with gold. In addition to its plummeting stock market, China is now on course to grow at its slowest pace since 1990. And with China devaluing the […]

Indias gold imports rocket higher by 179% in December

Market News | January 18, 2016

Any concerns that the biggest consumer of gold in the world alongside China had lost its appetite for the yellow metal have dissipated with news that Indias imports exploded higher in December. Indias trade deficit widened to the most since August as a 179% surge in gold shipments slowed an overall decline in imports, Bloomberg […]

Recession odds hit highest level since 2011 as JPMorgan slashes GDP forecast

Investment | January 18, 2016

In the wake of news that the Atlanta Federal Reserves widely watched U.S. GDP forecasting model had slashed fourth-quarter growth to a mere 0.6%, now comes an even worse downgrade, this from one of the worlds largest banks. In the wake of dismal December retail-sales and other economic data, JPMorgan Chase has officially grown more […]