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‘I’m not a gold buyer, but…’: JPMorgan CEO Jamie Dimon, long a gold skeptic, now sees ‘semi-rational’ in buying it; what he said

Dimon expressed a measured view on gold ownership whilst acknowledging its potential value in current circumstances. Jamie Dimon, the JPMorgan Chase & Co CEO, who is long known to be a skeptic on gold investment, has said that he now sees a ‘semi-rational’ in having the yellow metal as part of your investment portfolio.Gold prices…

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China gold licences: Yellow metal’s largest buyer to ease rules; continues to diversify away from dollar reserves

China, the world’s largest consumer of gold, is planning to relax licensing norms for the export and import of the yellow metal, as the nation continues to steer away its reserves from the US dollar.According to a draft proposal from the People’s Bank of China (PBOC), the country plans to expand the use of “multi-use…

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