India’s growing GDP is very important to gold’s rise, especially when it comes to the Love Trade. The math shows that an increasing GDP per capita in this part of the world has historically been linked to the rising price of gold.
Deutsche Bank AG and Royal Bank of Scotland Group Plc are among six companies fined a record 1.7 billion euros ($2.3 billion) by the European Union for rigging interest rates linked to Libor.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
The firm corrected accounting errors involving loan cash flows, income taxes and derivatives contracts.