Hungary has a problem. Like many Eastern European and former Soviet countries, its population is shrinking thanks to a plunging birthrate and outmigration as young workers seek better opportunities and fatter salaries elsewhere in the European Union (EU).
This week Morgan Stanley projected a 14 percent upside for copper in 2019, based on a widening supply deficit and the surge in global demand for renewable energy and electric vehicles, both of which require tons of the red metal.
Consumers are set to spend more than $20 billion on Valentine’s gifts for the first time ever, thanks in part to a surge in gold jewelry demand—specifically, yellow gold.
“Some people call it ‘peak gold,’ but I tend to think of it more as ‘peak discovery.’” Meet the brains behind Goldspot Discoveries, a first-of-its-kind quant shop that aims to use AI to revolutionize the mineral exploration business.
Happy Year of the Pig! This week marks the start of China’s Spring Festival, during which an estimated 3 billion trips will be made using the country’s massive transportation network of roads and rail.
Last year was admittedly a tough one for emerging markets. A number of currencies were under considerable pressure, with some of them falling to record or near-record lows against the strong U.S. dollar.
Last year was a watershed in the size of official gold purchases, as central banks added 651.5 tonnes to their holdings. Not only is this a remarkable 74 percent change from 2017, but it’s also the most on record going back to 1971.
Domestic airlines weren’t exempt from the rout that hit stocks in December, the market’s worst month since the Great Recession. Shares of all four major U.S. carriers—American, Delta, United Continental and Southwest—saw double-digit losses. Delta ended December down 17.8 percent, its worst month since October 2009, when it gave back 20.3 percent.
Global airlines are expected to log their 10th straight year of profitability—an industry first. And with incomes expanding worldwide, air travel demand is projected to outpace economic growth for the next couple of decades.
Billionaire Sam Zell just announced that he bought gold for the very first time in his life because, as he puts it, “it is a good hedge.” In a recent Bloomberg interview, the Equity International founder and creator of the real estate investment trust (REIT) admitted to seeing an opportunity in gold’s increasing supply shortage.