Sberbank launches physical gold trading on the Shanghai Gold Exchange

MINEX FORUM | July 13, 2017
img0  Russia’s biggest bank Sberbank said on Thursday its Swiss subsidiary had begun trading physical gold on the Shanghai Gold Exchange said miningweekly.com with reference to Reuters. Sberbank was granted international membership of the Shanghai exchange in September last year and in July completed a pilot transaction with 200 kg of gold kilobars sold to local financial institutions, the bank said. Sberbank plans to expand its presence on the Chinese ...

Macron to try to accommodate environmentalists and miners

MINEX FORUM | July 13, 2017
img0 Central to Macron’s strategy to win over the doubters are ambitious labour law reforms aimed at kick-starting France’s economy. What role, if any, does mining play in the new president’s plans? mining-technology.com asks. In his previous position as Minister of Industry and Economic Affairs, Macron approved a number of domestic mineral exploration projects and supported plans ...

Trump Jr’s correspondence has positive impact on gold

MINEX FORUM | July 13, 2017
img0 Funds flowed into gold on Wednesday, while the dollar tanked amid fresh political uncertainty triggered by US President Donald Trump’s son emails and meeting last summer with a Kremlin-linked lawyer that promised “sensitive information” to “incriminate” Democratic presidential nominee Hillary Clinton, mining.com reported. The news came amid an ongoing investigation by the Justice Department and the House ...