The yellow metal’s bear market is coming to an end, with prices projected to climb above the $1,400 level in 2018, according to ABC Bullion. “Gold will continue its recovery from the bear market. We see the metal appreciating towards $1,375-$1,425 in 2018,” chief economist at ABC Bullion Jordan Eliseo told Kitco News in a […]
Changes to China’s energy mix amid President Xi Jinping’s push for an “energy revolution” have the potential to accelerate the global transition away from fossil fuels to clean energy sources, according to a new report from the International Energy Agency. The country has sought to move away from coal and other fossil fuels to address […]
The hyper focus on bitcoin is causing investors to miss another huge winner this year that they can actually understand. Bitcoin is just one of many cryptocurrencies, and it is hard to embrace, if impossible not to follow, as it hits $8,000. It isn’t tangible, and it certainly is difficult to comprehend. Yet all we […]
The record number of days have already topped the Central American country’s 2015 and 2016 runs of 299 days and 271 days, respectively. According to the Costa Rican Institute of Electricity (ICE), the Central American country has run on 100 percent power generated from renewable energy for 300 days. Currently, Costa Rica is receiving 99.62 percent of […]
Silver will be the precious metal to watch next year, according to commodity analysts at TD Securities. In its 2018 Global Outlook, the Canadian bank said its trade recommendation for next year is to go long silver with a price target at $20 an ounce, which is more than a 17% gain from current prices. […]
India is on track to catalyse $200-300 billion of new investment in its renewable energy infrastructure in the next decade with global capital inflows playing an increasingly crucial role, a top financial analyst with a leading US-based institute foresees said. India’s decarbonisation policy is in line with global trends which, since 2011, have been seeing […]
SEOUL, Oct. 26 (Xinhua) — South Korea’s gross domestic product (GDP) growth hit the highest in over seven years thanks to robust recovery of exports, which account for about half of the export-driven economy, central bank data showed Thursday. The seasonally-adjusted real GDP was 392.07 trillion won (348.45 billion U.S. dollars) in the July-September quarter, […]
SYDNEY, Oct. 23 (Xinhua) — Australia’s southeastern states are continuing to outperform the rest of the country, new economic data showed on Monday. CommSec’s State of the States Report showed New South Wales (NSW), Victoria (VIC) and the Australian Capital Territory (ACT) remain on top when measured against eight key indicators which include economic growth, […]
NAIROBI, Oct. 16 (Xinhua) — The European Union election observer group on Monday called on Kenya’s political leaders to engage in dialogue to end the current political standoff ahead of repeat presidential elections slated for next week. The EU Election Observation Mission (EU EOM) said the current political aggravation has resulted in a stand-off and […]
MOSCOW, Oct. 11 (Xinhua) — Leaders of the Commonwealth of Independence States (CIS) signed a series of deals on Wednesday to expand economic and security cooperation within the Russia-led organization. The agreements were reached during a summit of CIS leaders, chaired by Russian President Vladimir Putin, in Russia’s southern resort city of Sochi earlier in […]