Commodity Trade Mantra

Posts Tagged ‘Silk Road Fund’

Chinese Appetite for Gold Assets Reaching Significant Levels

China’s $40 billion Silk Road Fund is looking at buying its first gold mine – it’s biggest acquisition anywhere in the mining space since its creation in 2014. It shows that Chinese appetite for precious metals assets in reaching significant levels. In fact, two other Chinese miners might actually make an opposing bid against the Silk Road, showing that interest in quality gold assets is running high in China.

BRICS Bank Officially Launches As Sun Sets On US Hegemony

On Tuesday, ahead of this year’s summit in Ulfa, the BRICS countries officially launched the new bank along with the reserve currency pool. Brazil, Russia, India, China and South Africa (BRICS) will also look to begin settling more trade in national currencies. The Chinese yuan as the leading currency can be used in settlements among BRICS member states.

China Takes Aim At Dollar Reserve Status: Promotes Yuan In Investment Bank

Beijing will push for the yuan to be included in a basket of currencies used to denominate and settle loans from the Chinese-led Asian Infrastructure Investment Bank (AIIB). China would push for broader use of the yuan at the AIIB and the Silk Road Fund, as part of efforts to promote the yuan as an international currency.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook