This is the English blog of MarketUpdate

Why the ECB should buy gold instead of bonds from Eurozone countries

Article written by Richard van der Linde, first published on Linkedin ‘What would you do with €80 billion per month to stimulate the economy in Europe?’ That was the question posted by the makers of a documentary for Dutch national television (VPRO Tegenlicht) about money creation by Lees verder..

Reading through the gassy lines: What is the future for the European Gas Market?

This article on the future of the European Energy Market is written by Carola Dieudonné, reporter on Euro-Russian affairs. This article originally appeared on Climategate.nl. It covers the latest developments on the European gas market. Reading through the gassy lines: what is the future for the European Gas Market? Lees verder..

Russia adds 40 tonnes to gold reserves

Russia has added over 40 tonnes of gold to it’s reserves in October, according to the latest data released by the Central Bank of Russia. Since 2006, the year in which the country started to accumulate gold, they never added such a great amount of gold as Lees verder..

Rabobank: “Gold is a bubble which will burst”

Gold is a bubble which will burst, according to Rabobank chief investment officer Han Dieperink. In his latest update on financial markets, he expects gold to drop below $500 per troy ounce, much lower than the current price of about $1.315 per troy ounce. He sees a Lees verder..

ABN Amro revised gold price forecast to $1.300

The ABN Amro revised their gold price forecast for 2016 from $900 to $1.300 per troy ounce. The upward revision is remarkable, because the bank held a negative stance towards gold for the past couple of years. As recently as December last year, precious metals analyst Georgette Boele Lees verder..

Flight to cash in the Eurozone

Each year we use less cash in daily transactions, but at the same time the amount of banknotes in circulation inside the Eurozone is increasing at a rapid rate. Last year, the total value of all banknotes in circulation reached €1,08 trillion, an increase of 6,5% compared Lees verder..

Citigroup: “Oil might be the trade of the year”

Analysts of a number of banks suggest that we may have seen the bottom in oil prices. UBS, Société Générale and Citigroup expect a rebound in oil prices in the second half of the year, once the market becomes used to the new supply of from Iran. Lees verder..

Russia bought more than 200 tonnes of gold in 2015

The Central Bank of Russia keeps adding gold to their reserves, despite the challenges posed by the economic crisis. According to the latest numbers published by the central bank, they added 21,7 tonnes to their reserves in the month of December. Ranked by total gold holdings, Russia holds the sixth Lees verder..

Investors see a new opportunity in pink diamonds

Not only pink, but also red diamonds are becoming very rare as time passes by. This is because fewer mines remain operational and less mines are being discovered. On a global scale only 30 mines remain operational. De Beers, the biggest diamond company in the world, estimates Lees verder..