Just a little extra on golds future which must impact RXL , 9 Dec, 2022 quote gold is deemed to have important and “unreplaceable” functions in hedging, retaining value and safeguarding financial security. Turkey, Egypt, Uzbekistan, Iran, India, Qatar and the United Arab Emirates were the top buyers this year, according to the World Gold Council. Buying gold is also seen as a way for China to lower the proportion of US dollar assets it holds. NOW I SUSPECT the gold outlook partly relates to this . Quote The Russian Foreign Minister, Sergey Lavrov has stated that ‘over a dozen’ countries have formally applied to join the BRICS grouping following the groups decision to allow new members earlier this year. The BRICS currently includes Brazil, Russia, India, China and South Africa.
RXL Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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