Gold's tarnished safe haven status gets a polish

The dollar, US Treasuries and German Bunds have been the safe havens of choice in recent months, while gold has moved in tandem with riskier assets that are under increasing pressure from the euro zone crisis.


Ex-UBS CEO wants SNB to quit FX cap

The Swiss National Bank's franc cap of 1.20 per euro should go sooner rather than later to shield the economy, the former head of bank UBS said, while some Swiss parliamentarians called for capital controls to forestall an influx of safe-have flows f


China's ICBC wants to be major bullion market maker

The world's biggest bank by market value, ICBC is the top player by volume on China's gold and futures exchanges, but its participation in foreign markets is limited to over-the-counter trading, which reached a total $90 billion last year.


Turkey's gold reserves went up by 29.7 metric tonnes in April

In April, many countries decided to increase their gold reserves as gold averaged $1,649.74 an ounce, data on the IMF's website showed. Ukraine's reserves went up by 1.4 tonnes, Mexico's by 2.9 tonnes and Kazakhstan's by 2 tonnes.


Gold Poised to Regain Safe-Haven Status

In recent months, gold has traded broadly in line with industrial metals and equities as investors seek cash due to fears over the euro-zone debt crisis and slowing global growth.


ABN AMRO to expand into brokering base metals

ABN AMRO is one of the top players in trade financing for commodities and energy, and competes globally with France's BNP Paribas (BNPP.PA), among other European players.


Where Do the Happiest Millionaires Live?

The survey, which polled individuals with an average net worth of $1.4 million in nine Asian countries, focused on how satisfied these millionaires were with their lives and what their expectations were for future wealth creation.


Trader Quits Morgan for Hedge Fund

Mr. Adams ran Morgan Stanley's interest-rates trading desk in Sydney, Australia, specializing in trading Australian and New Zealand government bonds. He also traded government bonds issued by governments throughout the Asian-Pacific Region.