Tag Archives: china us trade war

It seems China finally decided to cut some ties to the world’s largest reserve currency – United States dollar, at least if it’s to believe the analysts’ prognoses.The biggest and most obvious reason is the ongoing trade war between the two countries said ANZ Research in their recent report. US delisting Chinese companies’ stocks from its market – surely hasn’t helped as well. That is why, ANZ predicts, Beijing decided to diversify its foreign exchange reserves into other currencies as...

This week, gold has been enjoying a continuous rally, reaching its record highs. On Thursday, it achieved $1,475.50 per troy ounce. Today, the gold price has dropped sharply, with markets suffering losses globally.The volatility of the precious metal’s price results from several factors.Firstly, in October, Serbian President Aleksandar Vucic recommended Serbia’s central bank to increase its gold reserves in order to protect against economic issues and financial uncertainty. Following the...

Officially, China has now joined the list of countries that have fully launched 5G services to consumers. On Friday, Chinese mobile operators made 5G available in many parts, as the country continues several efforts to lead the world regarding tech offerings.China Mobile, China Unicom and China Telecom have now announced several 5G options for all of their individual customers, probably as a way to catch up with other countries that have already done the same this year including the U.S., the...