Central bank purchases have been key in driving up gold, often considered a haven in times of uncertainty and turmoil. Global uncertainties and the Federal Reserve slashing interest rates this year giving bullion a lift.
All posts tagged BRICS
The Changing Equation of China and Russia
The changing relations of China and Russia are also not based purely through partnerships but also through their support in each another’s projects. Russia has been supporting China’s ambitious infrastructural projects like the Silk Road project and the Eurasian integration project, which connects China with Europe via Russia.
BRICS : United We Stand Divided We Fall
While the nations involved remain very optimistic about getting co-operation especially during meetings, it might not be as simple and easy as it seems. While emerging markets have their own tale to tell and could be struggling economically, things might appear difficult in the long run.
BRICS NEW DEVELOPMENT BANK – Does it have what it takes?
The whole purpose of BRICS New Development Bank is to be self sufficient and rely less on western economies. The world’s reserves has shrunk from 90% (2004) of dollar denominated securities to 60% in 2014. But, the growing tension individually in the member countries could easily defeat the purpose for which it was originally formed. Some debate that this small initiative (formation of BRICS) could be a big challenge for the advanced economies.